CCP Credit Analyst - Associate
Societe Generale
Responsibilities
HPC operates within SG’s risk department on market activities (RISQ/RMA) and provides counterparty risk management for hedge funds, fund of hedge funds, proprietary trading groups and Central Counterparty Clearing Houses (CCPs). As a second line of defense (LOD2), the department provides independent risk control services for SG when exposed to these counterparty client types. It performs full risk assessment including client due diligence, limit setting, counterparty rating as well as monitoring of counterparty risk exposures.
Within RISQ/RMA/HPC/AME team, the CCP analyst will focus on assessing the risk on CCPs and related entities (FMIs – financial market infrastructures). His/her main missions will be: (i) assessing the risks related to SG’s clearing activities (for its own account as well as for its clients) with various CCPs, through quantitative and qualitative analysis; (ii) assessing the risks related to SG’s bilateral activities with CCPs and related FMIs; and (iii) monitor risk metrics in SG systems for breaches in clearing or bilateral activity at CCPs.
Core Responsibilities
- Continuously monitor CCP exposure and escalate/ address any breaches in CCP limits and threshold and STT exposure.
- Create reports/ deck (PPT and Spreadsheets) and comparison charst on CCP risk metrics and stress test results for SG’s various internal committees.
- Develop and maintain a deep understanding of the CCP risks metrics and exposure.
- Conduct CCP annual reviews
- Assess the first level analysis produced by MARK/RSR (1st line of defense) regarding the risks related to individual CCPs;
- Conduct further analysis and due diligence of the CCP through reviews of CCPs’ rulebook, procedure, methodology documents, financial statements and other risk metrics;
- Write annual review (risk analysis) reports and make recommendations regarding limits.
- Review CCP bilateral lines limits and follow-up on any breaches.
- Work on ad-hoc projects periodically on CCP related topics and asks from management.
- Assist in coverage from RISQ for CCP annual drills.
- Assist in ad-hoc projects relating to FCM risk management.
- Additionally, assist the HPC team in conducting Hedge Fund reviews and monitoring daily overshoots across all applicable metrics.
- Take on ad-hoc responsibilities for the HPC team when required.
- Build proficiency with all systems and processes used by the Group.
