The Global Markets functions is a trusted partner to external clients (Corporates, Financial institutions and Asset Managers) in market activities, offering a cross-expertise in Research, Investment and Risk Solutions, Execution and Prime Services. The Fixed Income department at Societe Generale aim at providing a full set of services to Institutional and Corporate clients that will support their investment or risk management targets.Thanks to market-leading research, engineering, trading and e-commerce capabilities, our clients benefit from strategic insights, flow information, competitive pricing and seamless execution across rates, credit, FX, and emerging markets. We design solutions for our clients, capitalising on the full spectrum of fixed income and currencies products and services.
Job Purpose:
- To finance and cover the fixed-income positions of the Bank and manage the liquidity of the fixed-income books, essentially in the UK and European government debts, such as Germany, Netherland, Austria and Finland, but also in all others when required
- To quote clients in all their securities financing queries regarding the same perimeter as described above, either directly within the sales-trader mandate or through a salesperson
- To monitor all securities financing exposures and risk, ensuring they always remain within the limits defined
Your Responsibilities:
- Develop our profile and reputation among clients as a reliable market maker
- Build, foster and cultivate client relationships in line with regulatory requirements
- Develop long term relationships with clients based on trust and professionalism
- Provide reliable backup and support as required for other colleagues within the team
- Develop the client franchise by having strong interaction with the sales and engineer teams. Work in partnership with sales team to communicate market flows, trade ideas and any relevant trading information to support revenue generation
- Maintain and develop strong interactions for both internal stakeholders (e.g. sales, GLFI, Syndicate, Research, Compliance, Middle/back office, IT, Eng and Risq etc.) and our customers
- Pricing and execution of relevant product transaction on behalf of SG Clients. Making sure that all the procedural guidelines e.g. KYC, Mifid, risk controls and product governance are observed
- Take orders and execute on behalf of clients in accordance with SG Sales and Trading handbooks, risk and credit limits, SG compliance policies and regulatory guidelines
- Implement team business plan to develop SG business as directed
- Manage his/her book and hedge risk appropriately
- Support the development of IT tools and systems to enhance SG’s trading efficiency (e.g. automation, pricing engines, development of analytical tools and new hedging as applicable)
- Using SG trading tools managing/ Monitoring the profit and loss of SG’s account. Ensuring respect to relevant trading limits and risk management
- Maintain up to date intelligence on market initiatives and products in the trading environment
- Develop understanding of financial markets, competitors and clients to develop own trading position
- To further improve SG market share and reputation through professionalism, discipline and attention to risks e.g. compliance, market, credit, legal, reputation
- Ensure full adherence to the SG Sales and Trading responsibilities including Sales and/or Trading handbook and regular training as applicable to the regulatory requirements. Ensuring compliance with all trading recording procedure and counterparty trades are within operating credit limits
- Responsibility to adhere to internal Policies that relate to you, your business or other businesses for which you have any level of responsibility. It is your responsibility to ensure compliance with operational and conduct risk requirements (e.g data leakage, security policies and regulatory requirements)
- Adhere to individual and where applicable department conduct rules in accordance with the FCA and PRA Code of Conduct rules
- Responsibility for managing, controlling, preparing and escalating risk within the scope of your position and in line with existing policies
- Responsibility to ensure that you take reasonable steps to be fully aware of, understand and comply with all regulatory requirements from all regulatory and statutory bodies, trading venues, etc that are applicable to your role and business line.
- To assist in the self identification of all conduct related issues. Ensure escalation to appropriate stakeholder or function whether internal or external
- Adhere to business line mandates relevant to the role as directed by your manager
- The trader is expected to be constantly in contact with many market participants: from peers of the interbank market, to intermediary brokers, to salespeople, to clients directly. There will also be a quasi-constant contact with the middle office and back office departments to ensure – primarily but not solely – the settlement of transactions executed, as well as the overall funding requirements. Given the evolving nature of the business, one would expect also to spend significant time with the Engineering team for more complex solutions offered to clients, but also with fixed income traders, other repo traders within the Group, risk, accounting, compliance and legal departments.
Skills and Qualifications:
- Some market knowledge and experience in Investment banking/ financial services industry
- Sound numerical and Literacy skills
- Good written and verbal communication skills
- Team player, proactively shares information and collaborates with others
- Highly motivated, proactive and entrepreneurial
- Reliable professional conduct
- Ability to work autonomously and be responsible for following matters through to completion
- Strong analytical skills and an aptitude for numbers with excellent attention to detail
- SG Leadership Model competence as defined for individual contributors
- Ability to develop relationships based on trust and professionalism
- Language requirements if applicable are as defined to support the role purpose and coverage areas. (English is the business language for SG).
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