Quantitative Advisor (Model Risk)

Quantitative Advisor (Model Risk)

Risks Permanent contract Montreal, Quebec, Canada Hybrid Reference 250009C1 Start date 2025 / 07 / 13 Publication date 2025 / 04 / 29

Responsibilities

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.

ABOUT THE JOB :

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 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. The independent review is carried out in accordance with the fundamental principles of the MRM system by extending the due diligence procedures to cover all model aspects required by the regulations (conceptual soundness, implementation, usage, ongoing monitoring of the model carried out by the first line of defense) and in accordance with the scope defined in the context of the oversight.
• Managing the model approval process within its scope.
• Monitoring of the models’ performance, effectiveness of the MRM framework, and the model business environment on ongoing basis, and risk management of the model portfolio, ensuring adherence to regulatory requirements.

As a Quantitative Advisor, you will be pivotal in driving the consistent application of the Model Risks’ framework for Societe Generale’s Americas division, covering a diverse range of model families.

Reporting directly to the Senior Management of Model Risks’ Governance and model portfolio management team, you’ll take the lead on managing and maintaining the AMER Model Inventory and the Model Risk Management platform (GRC Platform) — the core system that underpins inventory tracking and model governance across the region.

You will be responsible for the development and maintenance of the continuous model monitoring (CMM) framework to assess the models’ performance, effectiveness of the MRM framework, and the model business environment on ongoing basis, and risk management of the model portfolio, ensuring adherence to regulatory requirements.

This role demands a deep understanding of the model lifecycle. You’ll will be working closely with cross functional teams, including model validators (Paris and NY office), model developers, business stakeholders, IT, auditors with exposure to a variety of models across the business and support functions, including market risk, credit and counterparty risk, compliance, trading algorithms, and investment strategies.

If you’re a detail-oriented professional with a passion for enhancing all various aspects of model risk management, this role offers an impactful opportunity within a dynamic, high-stakes environment.

What will be your DAY-TO-DAY?

In collaboration with the Team Manager you will :

Develop and implement business environment metrics based on identification of models’ factors that exploit model limitations or breach model assumptions.

Provide input to MRM and other stakeholders committees.

Profile required

Skills and Qualifications :

Must Have :

Knowledge of financial products & investment banking processes is a plus.

Autonomy, adaptability, and organizational skills to work independently in a variety of initiatives in dynamic environment.

Languages :

Ability to communicate in English, both orally and in writing, is a requirement as the person in this position will need to collaborate regularly with colleagues and partners in the United States .

Due to US Federal Securities law applying to this position, candidates who will apply for this position will be required to submit to an enhanced background screening, including the collection of their fingerprints by a third-party vendor selected by the Financial Industry Regulatory Authority (“FINRA”).

Why join us

OUR BENEFITS :

WHAT WE DO DIFFERENTLY AT SOCIÉTÉ GÉNÉRALE

Competitive compensation & benefits offering, including but not limited to :

Fully sponsored virtual healthcare assistance and Employee Assistance Program to you and your immediate family

Various Employee Resource Groups (ERG) to engage with such as Pride and Allies, American Women Network, Black Leadership Network, One planet, etc.