Prime Services Risk 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

Portfolio analysis

• Performs due diligence on prospective and existing clients
• Provides analyses of each client's strategy, portfolio, trading patterns
• Ensures relevance of Risk framework by engaging in on-going discussions with clients regarding their activity

First level of monitoring

• Ensures first level monitoring on official limits (Net-CVaR, Debtor and Delivery)
• Monitors Intraday Risk and report breaches
• Reviews metrics other than official limits set by RISQ (ex. IML, financing, etc.); centralizes requests for explanation regarding breaches of end of day limits. Ensures resolution or escalation.

Margining

• Designs new margining methodologies, subject to validation by RISQ/MAR (main principles)
• Defines and updates margining rules with client, under the constraints of the credit approved risk limits
• Computes or validates ad-hoc margin amounts
• Liaises with OPER to monitor delayed payment of margin calls and escalates if appropriate
• Acts as expert regarding margin computations (at the request of clients, RISQ, MARK/NEW or other entities)

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

• Helping the team with ad-hoc analysis and risk projects
• Assist with day to day running of all BAU tasks within Prime Risk and daily generation and circulation of client reports.
• Assisting analysts on basic portfolio analysis
• Maintenance and testing of the intraday risk monitoring platform
• The product scope encompasses futures, options, OTC cash FX, SWAPS, fixed income securities, equities, securities financing and cash management products, plus any additional products or services that SG Prime may offer.

Summary of responsibilities - Minimum of 6 responsibilities to be identified

• Responsibility for managing, controlling, preparing and escalating risk within the scope of the position.
• Responsibility for reading, understanding and complying with the Company's Conduct and Standards and corresponding regulations.
• Updating Traiana/MUREX/IRIS with relevant approvals and maintaining up to date limits for clients.
• Assisting the team with ad-hoc analysis and risk projects as required.
• Assisting with the implementation of new systems; testing developments and providing feedback/suggesting enhancements.
• Running portfolio simulations on prospective client portfolios to generate a VaR results.
• Providing utilization of limits to assist with renewals.

Desired profile

Profile

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

• Work effectively in a team as well as individually.
• Be able to communicate ideas clearly.
• Accuracy and attention to detail when working.
• Ability to form relationships with clients and the rest of the business line.
• Analytical skills to understand and interpret data.
• Basic knowledge of financial products.
• Competent on all MS Office software.
• Work within regulatory guidelines.
• Organisational skills and time management.
• Have a proactive approach to tasks.

• Technical/ Systems Knowledge: MS Access, MS Excel, VBA, Python
• Knowledge of Listed derivatives
• Knowledge of OTC derivatives
• Knowledge of Value At Risk calculation
• Knowledge of Advanced statistics
• Knowledge of Risk management

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.