Hedge Funds, Corporates and Complex Transaction CCR Advisor

Responsibilities The Americas Hedge Funds, Corporates and Complex Transaction Client Risk Team (RSR/CCR/FCC) “FCC” acts as the 1st Line of Defense risk team for Counter party Credit Risk “CCR” in relation to Hedge Funds, Proprietary Trading Groups, Family Offices, Mutual Funds, and other clients trading Complex Transactions (e.g. Exotic Trades, Alternative Risk Transfer, etc.).The Risk Advisor covers:

Agency Scope:
Prime Services & Clearing (PSC) activities within the Equity Derivatives (EQD) Business Line in Global Markets (MARK)
Principal Scope:
Bilateral Trading Activities where any MARK Trading Desk is a Principal of the activity. It includes Equity Derivatives (EQD), Fixed Income and Currencies (FIC) and Distribution and Credit Solutions (DCS).The team is primarily responsible for the following areas:

• Portfolio Analysis
• Limit Recommendations
• Client Margining
• Risk Monitoring
• Limit Overshoot Management

Ensure that the risk limits remain in line with:

- SG Risk Appetite
- Changes in Clients risk profile
- Scarce Resource targets (Profitability, RWA, Balance Sheet, LRE, NSFR, Cash, LCR)
Day To Day Responsibilities:

Portfolio Analysis, Front Office and Client Interaction:

Supports Sales on client pitching by providing risk information with the necessary explanation on how SG define risk and how measures are applied to client portfolios.

Assists in due diligence meetings for prospective and existing clients and assists RISQ if requested.

Performs and provides analyses on:

• Client strategies and trading patterns
• Risks in client portfolios: market risk (systemic, idiosyncratic or dislocation/basis risks), liquidity and concentration risks, wrong way risk, etc.
• Margin coverage relevance
• Margin period of risk relevance
• Scarce resource usage if required

Ensures relevance of Risk framework by engaging in on-going discussions with clients regarding their activity.

Identifies emerging risks (market events, client-related early warnings) and escalates to MARK senior management and RISQ.Participates in implementing specific post-conditions (for example if a framework/a limit is approved with post-conditions) and/or exceptions if needed. Ensure such post-conditions and/or exceptions are monitored, annually reviewed and renewed.

Ensure clients exposures are in line with global frameworks (e.g., financing envelopes for specific assets, CCP limits, etc.)Ensure Front Office is trained on the CCR Framework.

Risk Limits:

Proposes new limits and / or renewals on upcoming expired limits to MARK senior management and RISQ for validation.

Participates in Account Closure and Renewal Processes (Limits and Sponsored Direct Market Access “SDMA” connections).Reviews and provides recommendation for Complex Transactions (e.g., Alternative Risk Transfers, etc.)Monitoring / Reporting & Overshoot Management:

Ensures first level monitoring on EOD risk and agency specific limits.

Comments overshoots and prepares remediation plans in concert with Front Office for FCC clients.

Analytical capability and Problem solving:
Able to break down complex problems into simple manageable units, develops solutions for each unit, and integrates them back into the whole. Can absorb ideas quickly and apply them pragmatically.

Results oriented: participates in setting goals and meets deadlines to bring value to FCC and MARK while maintaining high quality work product and safeguarding the bank.

Interpersonal effectiveness: is self-aware of own behavior and work style, as well as tolerant of different needs and viewpoints. Demonstrates interest, consideration and respect in others opinions.

Communication

Skills:

excellent verbal, writing and presentation skills with the ability to interact with stakeholders and ability to relay complex technical concepts to both technical and non-technical audiences. Ability to present and escalation issues to Senior Management.

Client focused with strong advisory skills.

Organized, detail oriented and eager to learn.

Solid knowledge of financial markets and financial products.

Good knowledge of vanilla derivatives.

Good knowledge of financial risk, margining and portfolio…