Prime Services Risk Advisor - Vice President

Company: SGS Soci--t-- G--n--rale de Surveillance SA
Location: New York
Posted on: November 13, 2024

Job Description:

Responsibilities

• Covers primarily Hedge Funds, Asset Managers, Proprietary Trading Groups, Family Offices, Pension Funds and Private Equity Funds.
• Supports Sales on client pitching by providing risk information with the necessary explanation on the risk measures applied to the client's portfolio.
• Assists in due diligence meetings for prospective and existing clients. Assists the Second Line Risk/Credit if requested.
• Performs and provides analyses on
  • client strategies and trading patterns
  • risks in client portfolios: market risk, liquidity and concentration risks, wrong way risk, etc.
  • margin coverage relevance
  • risk measurement adequacy
  • balance sheet and capital usages if required.
  • Identifies emerging risks (market events, client-related early warnings) and escalates to the First Line/Business senior management and the Second Line Risk/Credit.
  • Participates in implementing client-specific monitoring, as required.
  • Ensure clients exposures are in line with overarching frameworks.
  • Ensure Front Office is trained on the Counterparty Credit Risk "CCR" Framework. Risk Limits
    • Proposes new limits and/or renewals of expiring limits.
    • Participates in Account Closure and Renewal Processes (Trading Limits and Market Access connections).
    • Reviews and provides recommendations for Complex Transactions. Monitoring / Reporting & Overshoot Management
      • Ensures first level monitoring of daily limits.
      • Comments limit overshoots and prepares remediation plans in concert with the Front Office.
      • Escalates potential client issues to the First Line/Business senior management and the Second Line Risk/Credit.
      • Performs Daily, Weekly, Monthly, Quarterly and Regulatory reporting with relevant drilldowns, as needed.
      • Participates in providing material to the relevant committees.
      • Monitors margin disputes and aged/failed payments.
      • Monitors Uncleared Margin Rule "UMR" exposures for bilateral clients if applicable. Client Margining
        • Defines and updates margining rules with client, under the constraints of the risk limits.
        • Ensures margin levels remain adequate for the risks of the client's portfolio.
        • Ensures that margination is set up appropriately in various back office and margination systems.
        • Computes or validates ad-hoc margin amounts.
        • Liaises with Operations to monitor delayed payment of margin calls and escalates if appropriate.
        • Responds to margining inquiries from Operations, the Second Line Risk/Credit and clients.
        • Provides adequate Independent Amount "IA" quotes for Complex Transactions.
        • Participates in updating the IA policy and IA grids.
        • Assists Sales in computing risks for a client's portfolio. Client Onboarding
          • Provides risk opinion on new clients.
          • May be requested to provide portfolio simulations for new clients, including Risk-Weighted Assets "RWA" impacts.
          • Participates in the Legal Documentation negotiation for credit related terms. Special projects
            • Participates in projects to enhance the productivity of the team.
            • Participates in projects to enhance the risk framework.
            • Automates various reporting as requested by management and senior members of the team.
            • Suggests enhancements to the processes. Profile requiredRequired:
              • Analytical capability and Problem solving: Able to break down complex problems into simple manageable units, develops solutions for each unit, and integrates them back into the whole. Can absorb ideas quickly and apply them pragmatically.
              • Results oriented: participates in setting goals and meets deadlines to bring value to the team and to the First Line/Business while maintaining high quality work product and safeguarding the bank.
              • Interpersonal effectiveness: is self-aware of own behavior and work style, as well as tolerant of different needs and viewpoints. Demonstrates interest, consideration and respect in others opinions.
              • Communication Skills: excellent verbal, writing and presentation skills with the ability to interact with stakeholders and ability to relay complex technical concepts to both technical and non-technical audiences. Ability to present and escalate issues to Senior Management.
              • Client focused with strong advisory skills.
              • Organized, detail oriented and eager to learn. Technical Skills & Knowledge:Required:
                • Solid knowledge of financial markets and financial products.
                • Good knowledge of derivatives.
                • Good knowledge of financial risk, margining and portfolio analysis techniques: VaR models, Stress Testing, Greeks.
                • Good knowledge of hedge funds and investment strategies. Desired:
                  • Familiar with databases and business intelligence (e.g., Tableau, Power BI, etc.)
                  • Programming in Python and SQL.
                  • Good knowledge of Excel. Qualifications (Experience & Education):Required:
                    • Bachelor's degree in Finance, Economics, Engineering or Mathematics.
                    • 4-6 years in risk management, preferably in market risk, model risk or hedge fund risk.
                    • Must be a self-starter and be able to operate independently in a fast-paced environment.
                    • Proven change management abilities. Desired:
                      • Master's degree
                      • Good knowledge of Prime Brokerage
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Keywords: SGS Soci--t-- G--n--rale de Surveillance SA, Newark , Prime Services Risk Advisor - Vice President, Executive , New York, New Jersey