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.What will be your DAY-TO-DAY?In collaboration with Senior Quantitative Advisors and the team Manager, the Quantitative Advisor will:Conduct independent model review of relevant models that are employed in SG Americas at all stages of their lifecycle by:Assessing model conceptual soundness to ensure the consistency of model design by performing quantitative analyses and statistical tests, developing challenger models for benchmark, and challenging the theoretical aspects considering published research and industry practice.Working with large, complex datasets to verify data input quality and processing, model output accuracy. Assessing data quality and consistency between data characteristics and modeling assumptions.Replicating and review model architecture to verify the computational accuracy of a model and ensure correct implementation.Analyzing model output through backtesting, benchmarking, sensitivity analysis by using quantitative tools and techniques.Ensure the model outputs are used in line with the intended purpose, business processes, and reporting requirements.Reviewing model ongoing monitoring to ensure that changes in products, exposures, activities, clients, or market conditions trigger adjustment, redevelopment, or replacement of the model.Evaluate model governance aspects such as model change management, ongoing monitoring, and inherent and residual model risk assessment.Draft detailed validation reports and communicate findings to stakeholders. Prepare model review materials for the management and risk committees.Maintain positive relationships and continuous communication with model and business stakeholders. Work closely with front-office staff, model developers, and risk managers to review models and address remediation efforts.Skills and Qualifications: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, with advanced knowledge of statistics, econometrics, and machine learning.Data Management: Experience working with large datasets and quantitative analysis.Communication: Excellent written and verbal communication skills for working with both technical and non-technical staff.Model Risk: Familiarity with model risk management practices and regulatory requirements.Additional Skills: Experience with market risk, counterparty risk, margining, or algorithmics trading models. Certifications such as FRM are a plus.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 who will apply for this position will be required to submit to an enhanced background screening, including the collection of their fingerprints by a third-party vendor selected by the Financial Industry Regulatory Authority (“FINRA”).OUR BENEFITS: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) accounts with 75+ eligible reimbursement categories (health, training, electronics etc.)Fully sponsored virtual healthcare assistance and Employee Assistance Program to you and your immediate familyVarious Employee Resource Groups (ERG) to engage with such as Pride and Allies, American Women Network, Black Leadership Network, One planet, etc.A culture of continuous development by encouraging our employees various training programs (online training and coaching platform such as Coursera, GoFluent, Pluralsight, First Finance, and others)OUR CULTURE:At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes.D&I:Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.HYBRID WORK ENVIRONMENT:Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols. Hybrid work arrangements vary based on business area. The applicable Business lines will determine and communicate the work arrangements that best meet their business needs. #J-18808-Ljbffr