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    Hedge Fund Counterparty Risk Officer - London, United Kingdom - SOCIETE GENERALE

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    Full time
    Description
    Our Culture
    At Société Générale, we live by our 4 core values: commitment, responsibility, team spirit, and innovation. We are engaged and demonstrate consideration for others, act ethically and with courage, focus on collective success, and propose new ideas to serve client needs and anticipate market changes. Société Générale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate.
    Diversity, Equity & Inclusion
    Inclusion Mission: recruit, develop, advance, and retain a diverse workforce united in enhancing our competitive position and delivering innovative solutions to clients.
    Inclusion Vision: Engage a demographically diverse workforce, reflect the communities in which we operate, maintain an inclusive culture, recognize employees' unique needs, utilize diverse talents, and position the organization to meet all clients' needs.
    Risk Division (RISQ)

    Risk Management in the UK follows a three lines of defense model with well-defined and segregated responsibilities aligned with the Group framework and applicable local regulatory requirements.

    RISQ operates as the 2nd line of defense, independently analyzing, challenging, opining on, and monitoring risk-taking activities of Business Lines to enable effective execution of the Bank's strategy in line with its risk appetite.

    The RISQ/RMA/HPC role provides LOD2 counterparty risk management for hedge funds, mutual funds, proprietary trading groups (PTG), and CCP counterparties, including risk assessment, mitigation, approval, and monitoring processes for core businesses at SG Group.
    Summary of Key Purposes:

    • Role is for a VP/Director within the RISQ RMA HPC London team.
    • Responsible for LOD2 CCR coverage of a portfolio of hedge fund counterparties, managing risk of financing facilities for funds of funds and fund-linked derivatives.
    • Assist in production and creation of regular and ad-hoc monitoring reports and analysis.
    • Strong knowledge and experience in risks associated with trading with hedge funds and mutual funds, modifying requests from Front Office while maintaining economic rationale for both parties.

    Summary of Responsibilities:
    • Assessment - Perform independent LOD2 hedge fund due diligence, opine on individual counterparty transactions and associated risks.
    • Mitigation - Enforce processes to mitigate losses, negotiate credit terms of legal documents and margin requirements.
    • Approval - Approve credit files, limit requests, transactions, and credit ratings.
    • Monitoring - Maintain up-to-date risk information, continuously monitor hedge fund performance and creditworthiness.
    • Building and sustainable strong relationships across the organization, contribute to/manage relevant projects.
    • Support, mentor, and share knowledge with junior team members, challenge LOD1 requests and ensure prudent risk levels are maintained.
    • Regulatory topics - Contribute to relevant regulator meetings and framework upgrades.
    Profile Required
    Technical Skills:
    • Good knowledge of hedge fund industry in Europe.
    • Strong knowledge of hedge funds and mutual fund counterparty credit risk best practices.
    • Knowledge of OTC and listed derivative products and fund of hedge funds financing transaction structures.
    Soft Skills:
    Independent: challenge status quo when needed.
    Fast Learner: eager to grow and continue building knowledge.
    • Excellent verbal and written communication skills.
    Team Spirit: contribute to a positive team environment.
    Strong Collaboration Skills: engage with people from different backgrounds, flexible, and adaptable.
    • Strong analytical and problem-solving skills, attention to detail and rigor, ability to understand complex situations and provide a synthetic view.

    Why Join Us
    At Société Générale, people join for the impact they can have and stay for the impact we have on them. Our flatter structure offers visibility and exposure beyond competitors, encouraging open-mindedness, sharing ideas, adapting to market changes, and thriving through innovation. By combining words like hard work, dedication, community, and respect, we work collaboratively with a strong Team Spirit.
    Business Insight

    Apply to the SG Resourcing Team if you have the required experience and qualifications. We believe our people are our strength, and as an equal opportunities employer, we make diversity our strength, recognizing and promoting all talents, regardless of background or any characteristics subject to discrimination.


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