Metric Monitoring Group Uk Analyst Trainee - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Description of the Business Line or Department

The main mission of the Risk Management Division (RISQ) is to contribute to the sustainable development of the Société Générale Group's (the Group) activities and profitability by defining, with Finance Division and Business Units, the Group's risk appetite(adapted in the Group's different business lines) and by establishing, in its role as second line of defense, a risk management and monitoring system.

In carrying out its duties, RISQ combines independence from the business lines with a close collaborationwith core businesses which are responsible in the first instance for the transactions they initiate.

RISQ/RMA oversees risks on market activities combining the following missions:

compute, analyse and certify PnL & Risk metrics;

- determine the market risk framework, the metrics used to monitor risks and the reserves for market transactions, validate specific transactions (deal flow), and analyse exposure;
- determine the counterparty risk management framework for hedge funds and clearing houses (large atypical market participants), validate specific transactions (deal flow), and analyse exposure;

Summary of the key purposes of the role

Analyse the UK Performance and the risk factors (Greeks, stresstests, VAR, SVAR etc) related to trading activities in compliance with the bank's risk policies and risk appetite.
Help followingup the activity of trading desks in Europe, including close collaboration with teams in charge of data computation and excess followup
Followup the market moves on a daily basis, in line with the positions on the trading desks
Help contributing to Weekly and Monthly Management reporting with overview of risks, results and exposures
Help detect UK specific market dynamics or alert both UK and Global management about key market events
Help designing and implementing Market and ALM risk frameworks
Help following the Liquidity and structural risk exposures of the UK entities. Work in collaboration with Finance department on the analysis of the risks in order to provide value added commentaries.

Summary of responsibilities

Extract relevant information from periodic reporting to detect trends or assist in performing a crossasset control
Develops key tools to produce metrics links to overshoot statistics, limits in place, transversal graphs and overall risk metrics deployed at UK level
Communicate with Paris or local risk factor experts on stress test shocks calibration, Stress Test changes impact on UK perimeter, adhoc stress testing review, as well key risk factor review mechanisms
Interacts with Risk production teams to develop robust stress testing as well with RISQ-COO team to detailed specifications to ensure risk metrics, risk methodologies and risk limits are properly reviewed and documented from a quantitative point of view.
Develops understanding of main metrics to be able to report on key, highlevel synthetic summaries to be included in committee Information Pack, as well as developing additional supporting documents based on management request
Develops indepth understanding of risksetting process, Regulatory metrics, Stress Testing (Historical, Hypothetical and Adverse Scenarios)

Competencies

Operational Skills
Good level finance technical knowledge
Analytical Skills understand underlying problematic issues and provide suggestions
Communication Skills ability to communicate with the trading and other teams
Flexibility /Adaptability ability to handle special request in short period
Ability to take initiative and think out of the box
Ability to Work Under Pressure ability to handle very high business requirements

Teamwork