Responsibilities

Description of the Business Line or Department

The role of the Risk - High Priority Controls (HPC) team is to provide risk control services for hedge fund counterparties and investments. We perform risk assessment, mitigation, approval, and monitoring processes for the core business units at SG Group that transact with, clear for or invest in hedge funds, or take collateral consisting of hedge fund shares. The risk types that are within HPC’s remit are credit, liquidity impairment and reputational risk resulting in credit losses.

Whilst we’re a service provider, our client is SG and by extension the Group’s shareholders. As such, we adhere to the philosophy of complete independence from commercial activities. We’re a control function to the business.

The role is within the Hedge Funds, Prime and Central Clearing Counterparty team that is part of the Risks on Market Activities & Asset & Liability Management Department. The team works on requests from our main business unit Capital Markets and supports both the EQD and FIC business lines. Equities & Derivatives and Fixed Income in their daily activities with hedge funds.

Summary of the key purposes of the role
*The key purpose of the role is to provide support to HPC analysts in performing the team’s core missions, including risk assessment, monitoring and risk mitigation processes for all business lines that transact with, invest in or take hedge fund shares as collateral.
*The Trainee will assist the team in production of daily, weekly and monthly reporting of exposures and overshoots with associated risk analysis and escalation as necessary, plus ad-hoc reports required for senior management and audit purposes.
*The role will also include creating presentation slides to set out HPC’s portfolio exposure, its evolution and topical hedge fund subjects in order to update senior managers in the department.
*They will participate in the daily monitoring of exposure and may be asked to participate in different initiatives that we run to enhance our risk analysis and monitoring processes.
*They will assist analysts in their risk assessment of hedge funds counterparties and first portfolio analysis on risk taken by our counterparties.

Summary of responsibilities
*Training on proprietary systems to perform cursory analysis of hedge funds and creating reports on hedge fund performance, exposure and asset evolution.
*Assisting analysts in their daily monitoring of exposure, ensuring that any breach of limit is identified, addressed, and acted on as appropriate.
*Assisting with monitoring exposure and building macros to highlight main exposure on all metrics followed by HPC. This could involve looking at the implementation of quantitative and statistical studies and experimenting with improved methodologies for monitoring exposures and assessing risk.
*Participating with ad-hoc projects to increase efficiency, which may involve working alongside our colleagues in Bangalore, providing support in the drafting of due diligence reports and conducting assessments.
*Participating with new team initiatives around Early Warning Indicators and continuous monitoring.
*Other responsibilities involve reviewing departmental processes and activities, participating in the review of policies and procedures, assisting with the production of UK dashboards, and other specific reporting for the various Group entities.
*From time to time, the trainee may participate in due diligence processes and meetings in order to obtain a working knowledge of HPC’s core functions and tasks. This will allow them to learn how to gather and assess information about fund managers and strategies, review relevant documentation, perform background checks, arrange due diligence meetings, and gain exposure to a vast amount of information on hedge fund strategies, risk analysis, risk mitigation and financial products.
*The Trainee may also be trained to complete rating models to propose ratings using approved rating models.