Core Responsibilities of the Junior Valuation Engineer
As a member of the team, you will play a pivotal role in various responsibilities that are crucial for the valuation process. Your duties will include conducting comprehensive studies that encompass analysis, documentation, and presentations in committee settings, focusing on the diverse topics that influence valuation such as software releases, system changes, model adjustments, and methodological changes. Additionally, you will engage in the development of valuation adjustment methodologies aimed at estimating the fair value of financial products, which includes Day One reserves, Independent Price Verification (IPV), Risk Premium Adjustments (RP), and Prudential Valuation Adjustments (PVA). This collaboration will be in partnership with the Front Office to ensure accuracy and relevance in valuation practices.
Implementing and analyzing these valuation adjustments will be key to estimating the exit cost of positions, which directly impact both the economic and accounting Profit & Loss statements. Furthermore, you will be responsible for calculating and analyzing prudential valuation adjustments that affect the bank's regulatory capital. Contributing to the industrialization of calculation libraries within the Valuation Group, utilizing programming languages such as C# and Python, will enhance the robustness and efficiency of our processes. Your role will also involve designing, developing, and improving analytical and reporting tools, along with supporting the Front Office and partner teams (such as Risk and Finance) in understanding and integrating valuation adjustment calculations into the Profit & Loss framework. Responding to inquiries from auditors and regulators will also form part of your responsibilities.
Required Qualifications and Skills
The ideal candidate for this role will possess a solid understanding of financial market environments, particularly in Fixed Income products (including Rates, Credit, FX, Inflation, Bonds, and Exotics) or Equity. A firm grasp of financial product valuation techniques and risk metrics pertinent to structured products is essential. You should demonstrate a strong sense of teamwork, responsibility, and commitment to your work. Proficiency in programming languages, particularly Python, C#, and VBA, is expected.
Your analytical skills, attention to detail, and proactive approach will be vital for success in this position. You should also be capable of effective communication and exhibit adaptability in your work style. Your professional engagement, combined with your leadership and teamwork abilities, will significantly contribute to your effectiveness in this role.
Société Générale Africa Technologies & Services (SG ATS), a subsidiary of the Société Générale Group based in Casablanca, offers high-value services to various business units within the Group, primarily in Europe but also in the US and Asia. By joining SGATS, you will become part of the Financial Department dedicated to market activities (DFIN/MAR), specifically within the Valuation Group (VAL). Here, you will collaborate with the Market, Data & Valuation Adjustments team on the design, calculation, and analysis of valuation adjustments, including Day One reserves, IPV, and market accounting and prudential reserves under PVA. The Valuation Group works closely with both the Front Office and the Market Risk department, serving as the primary point of contact for valuation matters with auditors, internal audit services, and various regulators on behalf of the financial division.
As reported by careers.societegenerale.com.
Société Générale is an equal opportunities employer, committed to fostering diversity within the workplace. We recognize and promote all talents, irrespective of their beliefs, age, disability, ethnic origin, nationality, or any other characteristic that could be subject to discrimination.
