Risk Analyst

Job Description

Internship – Credit & Structured Finance, Market Risk | Societe Generale

The Tone:
This is a full-time internship at Societe Generale, located in New York, USA. Societe Generale is a leading financial services group dedicated to offering an inclusive recruitment experience and living by core values of commitment, responsibility, team spirit, and innovation. This role provides critical analytical support to market risk managers, contributing to the understanding and analysis of various traded products and investments, which is essential for maintaining financial stability, ensuring regulatory compliance, and anticipating market changes.

The TL;DR
• Role: Internship
• Type: Full-time
• Location: In-person – USA (New York)
• Team: Market Risk team
• Mission: To provide analytical and reporting support for market risk management, aiding in the understanding and analysis of various financial product risks.
• Tech Stack: VBA, script, Excel, Access, SQL, PowerBi, Python

What You’ll Actually Do
• Analysis: Provide essential analytical support to risk managers, which includes developing and applying financial models to assess market exposures.
• Reporting: Take responsibility for preparing clear and comprehensive risk reports and presentations for internal stakeholders, aiding in informed decision-making.
• Risk Assessment: Understand and analyze the complex risk representation inherent in various traded products and other investment vehicles across the credit and structured finance spectrum.
• Capital Understanding: Develop a thorough understanding of the critical issues surrounding regulatory and economic capital requirements specifically for market risk, contributing to compliance efforts.

The Must-Haves
• Background: Entry-level professional exhibiting a strong quantitative orientation and robust analytical skills. A highly motivated individual is required for this role.
• Experience: While no specific prior experience is strictly mandated, candidates should be prepared to engage with complex financial concepts.
• Skills: Required technical proficiencies include the ability to write VBA or other scripts, advanced Excel and Access capabilities, strong SQL skills, and familiarity with PowerBi and Python. Demonstrated financial modeling skill is also essential.
• Bonus: A first experience in Market Risk or trading is desired. Preferred candidates will possess very good knowledge of Credit and Structured products, including Credit Derivatives (CDS), Financing products (Repos, Swaps), and various Fixed Income products such as Corporate bonds, Residential Mortgage-Backed Securities (RMBS), Collateralized Loan Obligations (CLOs), and Commercial Mortgage-Backed Securities (CMBS). Familiarity with risk analysis and models like VaR and Stress testing, as well as valuation models of financial products, is also highly valued.