Quantitative Advisor - Model Risk Management(Validation, Market, Algorithm Trading& CCR)

ABOUT THE JOB:The Risk Management Department contributes to the sustainable growth of the Societe Generale group through its expertise, understanding of risks, and risk management techniques. The department’s mission is to independently analyze, assess, manage and monitor risk-taking activities with the objective of achieving, together with the first line-of-defense, the best possible outcome for the bank. The department oversees the enterprise, strategic, credit, market, liquidity, operational, model, and other risks of the corporate and investment banking business activities.Model Risk Management (MRM) team embedded within the Risk Management function in SG CIB oversees model risk management. MRM is responsible for the second line of defense for model risk and supervises the model risk management function for the SG America regions (US, Canada, and Latin America). In this respect, MRM notably oversees the SG America’s governance for model risk and conducts the independent review of the models in its scope.In detail, MRM’s main tasks are:The design of the SG America’s model risk management system, as well as its consistency, integrity, and compliance with regulatory provisions.The independent review of internal models within its scope, carried out in accordance with the fundamental principles of the MRM system.Managing the model approval process within its scope.Monitoring of the models’ performance and effectiveness of the MRM framework on an ongoing basis.The Quantitative Advisor will participate in the development and maintenance of the continuous model monitoring (CMM) framework to assess the models’ performance and ensure adherence to regulatory requirements. He/she will work closely with cross-functional teams, including model validators, model developers, business stakeholders, IT, and auditors.What will be your DAY-TO-DAY?In collaboration with Senior Quantitative Advisors and the team Manager, the Quantitative Advisor will:Conduct independent model reviews of relevant models employed in SG Americas at all stages of their lifecycle by:Assessing model conceptual soundness through quantitative analyses and statistical tests.Working with large datasets to verify data input quality and processing.Replicating and reviewing model architecture for computational accuracy.Analyzing model output through backtesting, benchmarking, and sensitivity analysis.Ensuring model outputs align with intended purposes and reporting requirements.Reviewing ongoing monitoring to ensure necessary adjustments to models.Evaluating model governance aspects such as change management and risk assessment.Draft detailed validation reports and communicate findings to stakeholders.Maintain positive relationships and continuous communication with model and business stakeholders.Skills and Qualifications:Must Have:Education: Bachelor's degree (Master's or PhD preferred) in a quantitative field such as Mathematical Finance, Financial Engineering, Statistics, or STEM.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 and quantitative analysis.Communication: Excellent written and verbal communication skills.Model Risk: Familiarity with model risk management practices and regulatory requirements.Additional Skills: Experience with market risk, counterparty risk, margining, or algorithmic trading models.Languages: French and EnglishAbility to communicate in English, both orally and in writing, is a requirement as the person in this position will need to collaborate regularly with colleagues and partners in the United States.Due to US Federal Securities law applying to this position, candidates will be required to submit to an enhanced background screening.OUR BENEFITS:Competitive compensation & benefits offering, including but not limited to:Minimum of 20 Vacation days + 4 personal daysSupportive Maternity, paternity, parental and adoption leave policyHealth spending ($2,000/year) and personal spending ($1,000/year) accountsFully sponsored virtual healthcare assistanceVarious Employee Resource Groups (ERG) to engage withOUR CULTURE:At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation.D&I:Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce.HYBRID WORK ENVIRONMENT:Societe Generale offers a hybrid work arrangement that promotes interaction and collaboration with colleagues. #J-18808-Ljbffr