Bond Syndicate Trainee

Job description

Environment

People join for the impact they can have on us. They stay for the impact we have on them. A flatter structure offers visibility and exposure beyond that of our competitors, so you know our names, and we know yours. It's personable, human, and inspires success through passion. By encouraging open mindedness and a willingness to share ideas, we have adapted to market changes and thrived through innovation. Bringing words like “hard work” and “dedication” together with “community” and “respect” has enabled us to work collaboratively and build our future together. We call this Team Spirit and it's what makes us different. It's what makes you different.

Mission

Description of the Business Line or Department - Summary of the business, coverage, services

GLFI/SYN/CAP is responsible for addressing borrowers' needs in terms of raising and managing capital in the debt capital markets.

The client base for SYN/CAP includes corporate borrowers, financial institutions, public sector and sovereigns, as well as non-investment grade (high yield) issuers globally.

In terms of execution, SYN/CAP's activity covers issuance of bonds of various kinds, including covered bonds, senior unsecured bonds, ABS (in the European market), private placements, hybrid capital and liability management.

Summary of the key purposes of the role - Summary of the key objectives and primary goals (minimum 3)

·  Desk Support: provide support to the Bond Syndicate desk on back and middle office issues
·  Compliance: ensure adherence to the regulatory requirements as defined by SG Compliance to comply with applicable regulations, and internal policies


Summary of responsibilities - Minimum of 6 responsibilities to be identified

·  To help the entire booking of new transactions and reconciliation of residual positions
·  Help make sure the issue is properly set up in Bondbook/Issuenet/Issuelaunch/Investor Access. Make sure once the bookbuilding is completed that the books have been cleared of dupes. Help collate hedge information when SG acts as duration manager/B&D bank. Help make sure all is set for ticketing and settlement (X-One).

·  To help in dealing with back and middle office issues, ensuring that measures are in place for faultless settlement
·  Engage and chase sales in case of unsettled tickets or contested transactions and take remedial actions.

·  To work in collaboration with middle-office P&L teams ensuring all complimentary transactions figures have been provided in order to produce an accurate P&L
·  Help make sure fees are correctly entered into SMART for payment. Check P&L and raise any anomalies with management.

·  Help to ensure that the various systems are updated in terms of risk management
·  Volcker file on a weekly basis, SMART on a daily basis.

In addition to the minimum responsibilities please tick any of the following responsibilities that apply to the role:

[ü] Comply with all Risk and regulatory obligations where relevant

[ü] Responsibility to act within agreed risk limit (credit/market, etc...)

[ü]Responsibility for ensuring that you are fully aware of and adhere to internal Policies that relate to you, your business or other businesses for which you have any level of responsibility

[ü]Responsibility for reading, understanding and complying with the Company's Conduct and Standards and corresponding regulations. You will be notified of changes to policies in a timely manner through announcements and/or intranet updates

Delegated responsibilities (if applicable) - Please list what responsibilities are delegated, to whom and how the job holder will maintain control of these responsibilities. For example, frequency of meetings etc. – please refer to the key responsibilities


·  N/A


Please list all key external contacts – [If any] Noting this should not be clients names rather types of clients and professional bodies

·  Exposure to syndicate support staff within SG competitors under supervision
·  Limited exposure to SG clients
·  No exposure to the press

Financial Conduct Authority & Prudential Regulation Authority Conduct Rules

Individual Conduct Rules - All staff covered by Code of Conduct rules are reminded of their obligation to adhere fully to these codes of conduct and failure will be considered as an act of gross misconduct

RULE 1

You must act with integrity

RULE 2

You must act with due skill, care and diligence

RULE 3

You must be open and cooperative with the FCA, the PRA and other regulators

RULE 4

You must pay due regard to the interests of customers and treat them fairly

RULE 5

You must observe proper standards of market conduct

Competencies - Define a minimum of 10 skills and technical knowledge that are essential for the Job holder to have

·  Technical:
·  Knowledge of capital markets products, hedging strategies etc.
·  Proven analytical, numerical and relevant IT skills (MS Office, Bloomberg, etc.)
·  Responsibility – awareness and understanding of risks (conduct, reputational, financial, etc.) for SYN, GLFI, and SG Group, and ability to act responsibly in line with SG Group Values, Code of Conduct, and other applicable rules & regulations

·  Behavioural:
·  Client orientation – ability to contribute to the team's efforts to build and maintain trusted internal and external client relationships
·  Client orientation – consistency and rigour in following up on clients' needs
·  Client orientation – demonstrate initiative and team collaboration to develop business adapted to clients' and markets' needs
·  Innovation – ability to contribute to the team's efforts for the development of new client base, advisory, and products
·  Team spirit – ability to work with people with diverse, international backgrounds
·  Commitment – ability to prioritise tasks and manage competing deadlines, and to deliver on team's priorities
·  Communication skills – strong written and presentation skills required; ability to present topics at meetings in a clear manner; [including language skills (as relevant)]

All Staff are covered by SG Group Leadership Model

TEAM SPIRIT

The employee encourages collective success

INNOVATION

The employee will create conditions that encourage innovation

RESPONSIBILITY

The employee acts with integrity and in an ethical manner

COMMITMENT

The employee is committed to the role and inspires others

CLIENT ORIENTATION

The employee actively improves his/ her relationship with clients

Evolution

If you feel you have the required experience and qualifications, then please apply to the SG Resourcing Team, and we will manage your application. At Societe Generale, we believe our people are our strength and are core to the success of our business. As such, we search for, recruit and appoint the best available person on the basis of aptitude and ability, regardless of sex, marital or civil partnership status, race, colour, nationality, ethnic or national origins, pregnancy, disability, age, sexual orientation, religion, belief or gender reassignment.

Desired profile

Profile

Competencies - Define a minimum of 10 skills and technical knowledge that are essential for the Job holder to have

·  Technical:
·  Knowledge of capital markets products, hedging strategies etc.
·  Proven analytical, numerical and relevant IT skills (MS Office, Bloomberg, etc.)
·  Responsibility – awareness and understanding of risks (conduct, reputational, financial, etc.) for SYN, GLFI, and SG Group, and ability to act responsibly in line with SG Group Values, Code of Conduct, and other applicable rules & regulations

·  Behavioural:
·  Client orientation – ability to contribute to the team's efforts to build and maintain trusted internal and external client relationships
·  Client orientation – consistency and rigour in following up on clients' needs
·  Client orientation – demonstrate initiative and team collaboration to develop business adapted to clients' and markets' needs
·  Innovation – ability to contribute to the team's efforts for the development of new client base, advisory, and products
·  Team spirit – ability to work with people with diverse, international backgrounds
·  Commitment – ability to prioritise tasks and manage competing deadlines, and to deliver on team's priorities
·  Communication skills – strong written and presentation skills required; ability to present topics at meetings in a clear manner; [including language skills (as relevant)]

All Staff are covered by SG Group Leadership Model

TEAM SPIRIT

The employee encourages collective success

INNOVATION

The employee will create conditions that encourage innovation

RESPONSIBILITY

The employee acts with integrity and in an ethical manner

COMMITMENT

The employee is committed to the role and inspires others

CLIENT ORIENTATION

The employee actively improves his/ her relationship with clients

WORK EXPERIENCE

Excellent working knowledge of MS Office suite, previous knowledge and experience of financial markets useful, but not essential










EDUCATION

Degree level (subject not important but 2.1 required)








LANGUAGES

Fluent English, French useful but not required