Business Management Office Trainee

 London, United Kingdom       Trainee        Corporate and Investment Banking

Responsibilities

Description of the Business Line or Department

Societe Generale Prime Services part of the Global Markets’ division of Societe Generale Corporate & Investment Banking is the bank’s Prime Brokerage business, offering a unique combination of execution, clearing, custody and financing services. It is truly multi-asset and multi-instrument across Listed Derivatives, Equities (Cash/synthetic), FX, Fixed Income and OTC Cleared. As the world's leading derivatives broker, the Prime Services business offers unrivalled access to 130+ markets and exchange venues; offering both agency or principal execution, and extensive value added services.

The full-service platform offers access to significant securities financing capabilities, extensive capital introduction and best-in-class cross-margin capabilities as well as straight-through-processing with an industry leading post-trade platform aligned with Societe Generale extensive research product.

Summary of the key purposes of the role

The scope of the function covers MARK/EQD/PSC/ETD, with a focus on London platform activities.

PSC/ETD is a sub business line of the Prime Brokerage business of SG with 150 dedicated execution specialists: global platform in Cash Equity markets and Exchange Traded Derivatives supporting clients of all types, 125+ Markets and Exchange venues, 12% market share on listed derivatives.

The candidate will be part of the Exchange Traded Derivatives (ETD) and responsible for supporting business line Head and the BMO.

In his/her role supporting the head of Exchange Traded Derivatives, the candidate will be responsible for facilitating business activity and acting as a contact point for queries relating to support and control from the business group.

In his/her role supporting the BMO of Exchange Traded Derivatives, the candidate will be responsible of controlling and supervising the activity of the group and developing the business via the coordination of various projects. The mission is also to ensure that the rules that govern the Derivatives activity are regularly reminded.

In his/her role supporting the BMO of Exchange Traded Derivatives, the candidate will be responsible of producing and running reports requiring a high degree of comfort with data and statistics. While this is not a quant role, interaction with the Quant teams and Data teams is needed. Knowledge of R (or Python) is necessary. The candidate will be required to produce TCA studies and microstructure analysis that are well written and presented.

The position is based in SG Investment Banking Branch in London.

Summary of responsibilities

  • Preparing presentations for SG Senior management (on sales performance, key projects...)

  • Generating weekly reports and being the key contact to resolve PnL queries and follow up on PnL projects

  • Liaising with the operational teams to make sure PnL reports are line with the organisation and working with managers to ensure the activity performance communicated to management is adequate

  • Assist with on boarding new clients

  • Assisting with day to day client and internal queries, like Mifid III, Best Execution, TCA reports or due diligence questionnaires

  • Monitoring and reporting the trading desk’s operational risk by performing monthly Permanent Supervision controls and working on procedures

  • Following up projects and specific product pushes across all platforms and coordinating the organisation of working groups.

Level of Autonomy and Authority

A certain degree of autonomy is expected


Profile Required

Competencies

Rigorous: Working for senior management does not leave room for mistakes – high quality work is mandatory. Good with data and data analysis work and knowledge of statistics. A critical attitude when dealing with data is important.

Strong adaptability in a rapidly moving environment: Flexibility, ability to work under pressure, autonomy, capable of initiatives and anticipation. Ability to prioritise issues in a pressurized environment.

Communication skills: Good oral and written communication is a core skill as a great deal of the job is to liaise with support function and business line to ensure good monitoring and completion of projects. Ability to communicate at different levels within the organisation.

IT Skills: Excellent knowledge of Excel, Word and PowerPoint required

IT Skills: VBA is a plus

IT Skills: knowledge of R is preferred (Python otherwise)

Well organised - Ability to plan and schedule: Job involves management of numerous projects with tight deadlines, hence ability to set priorities.

Tenacity and being result oriented: Liaise with and rely on representative from various departments can generate numerous hurdles to the completion of projects. It is important to remain positive and to be tenacious in order to produce results in due times.

Ability to estimate risk: Ability to estimate risk is an important part of the role of the front office and BMO roles

Pro-activeness: Ability to pro-actively raise concern and suggest solution is key

Work Experience

Ideally with previous experience in Finance, on a trading floor (Front Office: sales assistant, trader assistant, or in Middle Office, Risk Department and KYC Department or Back Office)

- Project/program Management

- Coordination of various teams

Education

Graduate from University or Business School with a degree level in Finance

Languages

Fluent in English

Not essential but French language experience would be a plus.

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 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


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, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Job code: 20000121
Business unit: SG CIB
Starting date: 23/03/2020
Date of publication: 13/01/2020
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Business Management Office Trainee

Trainee   |   London   |   Corporate and Investment Banking