Responsibilities
Description of the Business Line or Department
The Asset and Liability Management (ALM) department operates within SGIL which offers clearing and execution services to customers. ALM is in charge of managing both liquidity, interest rate and currency risk arising from SGIL activity.
SGIL is a classified as a Limited Investment Firm incorporated in the UK and as such, is regulated by the Financial Conduct Authority.
SGIL does not deal with, or for, Retail Clients (as defined by the 2004/39/EC Directive on markets in financial instruments). SGIL is a Swap Dealer registered with the U.S. Commodity Futures Trading Commission and the National Futures Association.
Summary of the key purposes of the role
As SGIL Asset liability Manager, you will be in charge of:
- The structural risk management: IRRBB, FX and Liquidity risk.
- Monitoring of SGIL ALM key metrics, modelling ALM gap and follow liquidity STT.
- Work on the liquidity risk modelling
- Work with many teams/functions (ALM, DFin, RISQ) to assess issues, quantify their impact and provide suggestions for remediation
- Provide a support to treasury team in term of Liquidity management
- Ensure that the policies and procedure are updated on the regular basis
Summary of responsibilities
- Monitor and report ALM indicators (Gaps, sensitivities, etc…) versus granted limits and propose hedging if necessary
- Monitor the daily regulatory ratios (ILG, IFPR)
- Optimize of liquidity requirement for the business running and regulatory ratios.
- Propose a modelling of balance-sheet items when required;
- Monitor and analyse funding needs and treasury position by supporting ALM team in the daily Sources and Uses report and Liquidity Stress tests if dedicated members of the team who produce the reports are absent;
- Provide Management and business partners with ad-hoc liquidity analysis and forecasts;
Act as the main contact point with Finance regulatory team for requests related to
Profile required
Competencies
- Knowledge of balance sheet modelling;
- Knowledge of Treasury (structure, functions, profit planning and growth) and financial product and hedging;
- Knowledge of Funding and Capital management;
- Knowledge of interest rate risk and liquidity risk management ;
- Sound numerical ability skills;
- Knowledge of Kondor+ is a plus;
- Analytical skills;
- Knowledge of FCA and ECB regulatory framework applicable to liquidity and the firm’s underlying business;
- Very good knowledge of Treasury product set;
- Knowledge of market practices in dealing;
- Knowledge of liquidity and market risk metrics
Why join us
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.
Business insight
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 Société Générale, 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 identity.
We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.
- Reference: 230005XY
- Entity: SG CIB
- Starting date: 2023/05/01
- Publication date: 2023/03/01