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Fixed Income Market Risk & Product Control

Company: Soci--t-- G--n--rale
Location: Walton
Posted on: January 16, 2022

Job Description:


Provide support to the traders to understand and manage their positions and risks through various reports and analysis;

  • Working closely with the trading teams to develop a deep knowledge of their business, clients and strategies;
  • Provide a deep analysis of trading desk positions and risk exposures;
  • Explain P&L by its attributes tying back to risk sensitivities
  • Continuous enhancement of P&L/Risk processes and systems using Python
    Oversight and escalation for resolution of complex issues regarding PnL and market risk metrics of the FIC desks;
    • Provide expertise on certification of Greeks, P&L and sensitivities to different risk factors (Delta, Gamma, Vega, Basis, Forex etc.);
    • Monitoring and certification of Stress-Tests and Regulatory metrics such as Value-at-Risk and Expected Shortfall;
    • Monitoring of risk limit consumptions and follow-up of breaches with Front-Office and Risk management;
    • Provide explanation about the different metric highlights to trading and senior management;
      Contribute to regulatory projects and their implementation at the bank
      • Provide analysis and sign off of valuation and risk metrics for new products or major projects such as IBOR transition
      • Work with other departments and Paris headoffice on transversal and regulatory projects;
        Technical Skills

        Profile required
        • Understanding valuation components of Fixed Income and Credit derivatives
        • Knowledge of Greeks(Delta, Gamma, Vega, Basis, Forex)
        • Strong analytical and mathematical skills
        • Proficiency in Python programming a plus, for the purposes of data manipulation, automation and/or debugging
          Work Experience
          • Prior work experience in financial services with good knowledge of Fixed Income risk and PnL metrics
            • Masters degree in Finance or applicable experience
              Soft Skills
              • Strong interpersonal skills
              • Handle various ad-hoc requests
              • Prone to take initiatives
              • Reactive, detail-oriented, driven to work in fast learning environment
              • Verbal and written communication skills
              • Ability to prioritize and work in a dynamic, deadline-focused environment
              • Self-motivated and proactive
              • Willingness and desire to learn
                Business insight

                The mission of the RISQ Division in the Americas is to create value by actively contributing to SG Americas and SG Group's goal of achieving sustainable and predictable growth. To do so, RISQ provides constructive effective challenge to the business lines, leveraging its expertise, cutting edge risk management techniques as well as RISQ's ability to deliver effective solutions and synergies.

                The Risk division in the US supports all the activities in the Americas Region (US, Canada and Latin America), which is almost exclusively capital markets oriented.

                Within RISQ, the Metrics Monitoring Group's(MMG) major missions are to meet the regulatory challenges of tomorrow, to support the development of the business lines and to enable the Group to meet its ambitions in terms of client satisfaction and efficiency. We provide financial analysis and reporting to the different partners and stakeholders: Finance, Front-Office and Risk Management divisions.

                This position is an integral part of the support team MMG, dedicated to the Fixed Income business line Global Markets at SG Americas offices in New York City. The main missions of the team are to:
                • Produce, certify and publish the risk and P&L metrics of the trading desk;
                • Help traders understand and manage their positions and risks through various reports and analysis;
                • Be a major contributor to the different regulatory projects that impact the bank.
                • The position is also located on the trading floor
                  The Fixed Income Group(FIC) is responsible for covering all Fixed Income trading desks, including vanilla and exotic rates products, credit trading, financing and Asset Backed Products.

Keywords: Soci--t-- G--n--rale, Scranton , Fixed Income Market Risk & Product Control, Other , Walton, Pennsylvania

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