Quantitative Advisor - Model Risk Management (Credit Risks and Compliance)

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 the effectiveness of the MRM framework on an ongoing basis.What will be your DAY-TO-DAY?In collaboration with Senior Quantitative Advisors and the team Manager, the Quantitative Advisor will:Model Review: Independently assess model design and conceptual soundness by conducting quantitative analyses.Data Quality: Verify the quality and consistency of data inputs, transformations, and outputs.Model Replication: Review and replicate model architecture to ensure computational accuracy.Output Analysis: Perform backtesting, benchmarking, and sensitivity analysis to evaluate model performance.Model Use: Ensure model outputs align with business processes and reporting requirements.Ongoing Monitoring: Regularly assess model performance and recommend adjustments based on changes in market conditions.Model Governance: Evaluate governance aspects, including change management and ongoing monitoring.Communication and Reporting: Draft detailed validation reports and communicate findings to stakeholders.Collaboration: Work closely with front-office staff and risk managers to review models.Skills and Qualifications:Must Have:Education: Bachelor's degree (Master's or PhD preferred) in a quantitative field.Experience: Minimum 3 years in model development, validation, or a front-office quant role.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.Languages: French and EnglishAbility to communicate in English, both orally and in writing, is a requirement.OUR BENEFITS:Minimum of 20 Vacation days + 4 personal daysSupportive Maternity, paternity, parental and adoption leave policyHealth spending and personal spending accountsFully sponsored virtual healthcare assistanceVarious Employee Resource Groups (ERG)Continuous development through training programsOUR CULTURE:At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit, and innovation.HYBRID WORK ENVIRONMENT:Societe Generale offers a hybrid work arrangement that promotes interaction and collaboration with colleagues. #J-18808-Ljbffr