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Internship

Internship - Junior Market Risk & Product Control

🚀 Off-cycle Internship

New York

AI generated summary

  • You must have understanding of derivatives valuation, knowledge of Greeks, strong analytical/math skills, Python proficiency, financial services experience, finance degree, strong interpersonal skills, initiative, detail-oriented, deadline-focused, proactive, and eager to learn.
  • You will support traders, analyze positions & risks, develop P&L processes, monitor market risk metrics, certify Greeks & sensitivities, and escalate & resolve issues for trading desks at Societe Generale.

Off-cycle Internship

Banking & FinanceNew York

Description

  • The mission of the RISQ Division in the Americas is to create value by actively contributing to SG Americas and SG Group’s goal of achieving sustainable and predictable growth. To do so, RISQ provides constructive effective challenge to the business lines, leveraging its expertise, cutting edge risk management techniques as well as RISQ’s ability to deliver effective solutions and synergies.
  • The Risk division in the US supports all the activities in the Americas Region (US, Canada and Latin America), which is almost exclusively capital markets oriented.
  • Within RISQ, the Metrics Monitoring Group(MMG) major missions are to meet the regulatory challenges of tomorrow, to support the development of the business lines and to enable the Group to meet its ambitions in terms of client satisfaction and efficiency.
  • The risk professional sought for this position will work actively on key market risk and counterparty credit risk initiatives within the region. The Counterparty and Market Exposures analysis team works in coordination with other risk departments (asset class specialists, market and counterparty risk officers, enterprise risk teams) to ensure the risk management program is of the right standards and evolves in accordance with best practices.

Requirements

  • Technical Skills:
  • Understanding valuation components of derivatives instruments
  • Knowledge of Greeks(Delta, Gamma, Vega, Basis, Forex)
  • Strong analytical and mathematical skills
  • Proficiency in Python programming a plus, for the purposes of data manipulation, automation and/or debugging
  • Work Experience:
  • Prior work experience in financial services is a plus
  • Education:
  • Masters or Bachelor degree in Finance or applicable experience
  • Soft Skills:
  • Strong interpersonal skills
  • Handle various ad-hoc requests
  • Prone to take initiatives
  • Reactive, detail-oriented, driven to work in fast learning environment
  • Verbal and written communication skills
  • Ability to prioritize and work in a dynamic, deadline-focused environment
  • Self-motivated and proactive
  • Willingness and desire to learn

Education requirements

Currently Studying

Area of Responsibilities

Banking & Finance

Responsibilities

  • Provide support to the traders to understand and manage their positions and risks through various reports and analysis;
  • Working closely with the trading teams to develop a deep knowledge of their business, clients and strategies;
  • Provide a deep analysis of trading desk positions and risk exposures;
  • Continuous enhancement of P&L/Risk processes and systems using Python
  • Oversight and escalation for resolution of day to day issues regarding PnL and market risk metrics of the FIC desks;
  • Gain expertise on certification of Greeks, P&L and sensitivities to different risk factors (Delta, Gamma, Vega, Basis, Forex etc.);
  • Monitoring of Stress-Tests and Regulatory metrics such as Value-at-Risk and Expected Shortfall;
  • Monitoring of risk limit consumptions and follow-up of breaches with Front-Office and Risk management;

Details

Work type

Full time

Work mode

hybrid

Location

New York