Securities Prime Brokerage Sales/Trader

Reference 260002H6

Responsibilities

Prime Brokerage Securities Financing:

• Provide short coverage and long financing on securities to Prime clients;
• Develop tool for monitoring financing Trading opportunities while monitoring cost of financing via different structures leveraging on P&L analytics, client reports and SG APIs.
• Develop tool for anticipating Short Coverage against client locate ratios and internalization metrics while maintaining a profitable book
• Focus on Funding of the Equity PB activity, especially Term Commitments
• Provide financing solutions to Prime clients on specific assets/situations while optimizing liquidity binding constraints (ILST) of the US broker dealer;
• Work closely with other teams to build interactions and synergies on secured financing;
• Develop strategies in order to increase a book of business in a sustainable way for target diversified and recurring revenue;
• Optimize the global book position and the scarce resources (mainly cash consumption, liquidity ratios, balance sheet) including:
• Work on innovative solutions to service the business, pledge structure analysis and use client reports to find potential netting patterns or propose solution to improve the profitability.
• Manage the day-to-day risk, position management, risks follow-up and Profit & Loss (PNL) explanation.
• Maintain understanding of financial markets, competitors, and clients to develop own trading position; and
• Maintain up to date intelligence on market initiatives and products in the trading environment.
• Drive and support enhancing IT development of tools and systems to develop SG’s trading capability and efficiency (e.g. automation, pricing engines, development of analytical tools and new hedging as applicable);
• Ensure adherence to trading risks (DV01, VaR, stress testing) in collaboration with the Risk management department;
• Evaluate and analyze market conditions, regulations and financial information to identify investment opportunities;
• Understanding and backup of CCM activity would be a plus (Clearing Collateral Management):
• Optimize customer cash and non-cash collateral across external and internal counterparties, fixed income reverse repo trading, CCPs, banks and carrying brokers with expectations to meet performance targets;
• Manage borrowings from Treasury including optimizing placements / investments and returns;
• Execute forex hedging to support single currency margining product;
  

Required

Profile required

Within Societe Generale Corporate & Investment Banking, the Global Markets Division brings together the Research, Investment and Risk Management Solutions, Execution and Clearing, Prime Services, Equities, Fixed Income, Futures and Currencies & Commodities structuring capabilities with the objective of providing investors with one integrated multi-asset market solutions team. The business uses an advisory and innovation mindset, focused on client needs, with a global leader in financial markets engineering. Global Markets is a leading player in derivatives, with unrivaled over the counter and listed derivatives expertise, as well as cross-asset and economic research. Our prime services' offering is a unique combination of execution, clearing, custody and financing services.

• VP level candidate with 10yr experience in
• Securities Financing Trading space with specifically experience in Equity Prime Brokerage / Equity Financing / Stock Loan in a bulge Prime broker
• Senior understanding of Balance Sheet/Liquidity concepts impacting the business design (especially in the US, LST, etc)
• Capacity to drive change in teams and work with different teams (team player)
• Strong appetite for platform enhancement and building mindset to deliver customer value and efficiency
  
  

Business insight

Societe Generale is committed to offering an inclusive recruitment experience to all candidates. If you require any reasonable accommodations during the recruitment process, please do not hesitate to let our Recruiters know.

OUR CULTURE:

At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate. For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)

DIVERSITY, INCLUSION & BELONGING (“DIB”):

Our DIB Mission: Recruit, develop, retain and advance a talented workforce that is united in our efforts to leverage our talent and further develop an inclusive environment that will enhance our competitive position and deliver innovative solutions to our clients. It seeks to foster an environment where employee differences are valued and where all employees feel engaged, supported, respected, and informed. For more information about our DIB initiatives, please visit this link: https://americas.societegenerale.com/en/careers/get-know-diversity/

COMPENSATION:

Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience. The role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, medical/dental/vision, and other benefits for fertility, wellness, student loans and commuters.