Societe Generale - Senior Associate - Valuation Control

Job Description :

- A 100% owned subsidiary of European banking and financial services major Societe Generale (SG), Societe Generale Global Solution Centre (SG GSC) came into existence in 2000. Established as an offshore development centre in Bangalore, also having a presence in Chennai,

- SG GSC has 15 years of sustainable delivery expertise to its credit, and develops global best practices to promote the strategic objectives of the Societe Generale Group.

- SG GSC possesses in-depth understanding of the business processes and cutting-edge technologies across domains of Societe Generale's diverse portfolio. We deliver best-in-class solutions to the Group's entities in the realm of corporate and investment banking, retail banking, specialized financing and insurance, private banking, and global investment management and services.

- We place the highest importance on our employees and provide extensive opportunities for career progression and development. SG GSC conforms to the group diversity principles, and has a multi-cultural staff representing seven nationalities, and speaking 20 languages. Women comprise 25% of our workforce.

Qualification :

- The Valuation Group (VAL), within the Finance Department Cross Expert Group, is a worldwide team whose core mission statement is to ensure that valuations reflected in financial statements are in line with normative accounting requirements and industry best practice.

This mission statement translates in various functions and deliverables, which include the following :

- Chair and prepare global and regional Valuation Committees.

- Define and maintain Valuation Policies.

- Centralize Independent Price Verification (IPV) reports, and perform IPV on implicit parameters.

- Design, manage and centralize product and parameter valuation cartographies.

- Compute, analyze and report valuation adjustments (Global Valuation Review Committee).

- Design Day One Profit and Level 1/2/3 observability rules.

- The core VAL team is located in Paris, but the Valuation Group is also represented in the US and in Asia through the concept of extended team': the Valuation Group acts as one global team for GBIS market activities worldwide.

- This team's mission statement would focus on IPV (Independent Price Verification) and RP (Reserve Policies), but is expected to take on further tasks and responsibilities.

Profile :

- This job offer concerns a position within the Bangalore VAL team. The collaborator will actively participate to the production of various deliverables related to IPV, RP and Prudent Valuations Adjustment.

This includes :

Parameter cartographies : sourcing of the market parameters used in valuation, preparation of input files required for running the cartographies, run of cartography production process.

IPV reports : participation to the collection and control of data, production of the reports.

- Consensus process : insertion of consensus-obtained levels in the referential system, pricing of products using consensus

- RP computations

- RP analysis (analytical review)

The collaborator will participate to various works that aim at upgrading IPV and RP production framework, tools and processes. This includes VBA macro editing tasks designed to automate treatments.

- A first experience in Product Control or Risk functions

- Basic knowledge in financial markets

- IT skills (VBA exposure required; additional IT skills like C#; Python will be a plus)

- Familiarity with pricing/valuation methodologies of derivative products (Equity, Fixed Income, FX) including Risk analysis and Market parameters overview

- Strong mathematical/analytical ability.

Education level : Master's Degree

Work experience : 3-4 years

Contract type : Permanent

Company : Societe Generale

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