Quantitative Risk Model Specialist
1 week ago
The Societe Generale Group's Risk Management Department plays a vital role in the bank's sustainable growth by providing expertise and risk management techniques. The department's mission is to analyze, assess, manage, and monitor risk-taking activities to achieve the best possible outcome for the bank.
The Model Risk Management (MRM) team oversees model risk management within the Risk Management function in SG CIB. MRM's main tasks include designing the model risk management system, managing the model approval process, and monitoring models' performance and effectiveness of the MRM framework.
Job DescriptionThe Quantitative Advisor will participate in developing and maintaining the continuous model monitoring (CMM) framework. In collaboration with Senior Quantitative Advisors and the team Manager, the Quantitative Advisor will conduct independent model reviews, assessing model conceptual soundness and verifying data input quality and processing.
Responsibilities- Conduct independent model review of relevant models employed in SG Americas
- Assess model conceptual soundness and verify data input quality and processing
Education: Bachelor's degree in a quantitative field such as Mathematical Finance, Financial Engineering, Statistics, or STEM; Master's or PhD preferred.
Experience: Minimum 3 years in model development, validation, or a front-office quant role; fewer years accepted with a PhD.
Technical Proficiency: Strong programming skills in Python, R, C++, or similar.
Data Management: Experience working with large datasets.
Model Risk: Familiarity with model risk management practices.
Compensation and BenefitsThe estimated annual salary for this position is $120,000 - $180,000 depending on experience. Additionally, the company offers benefits such as supportive maternity, paternity, parental, and adoption leave policy, health spending and personal spending accounts, and a culture of continuous development through training programs.
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