Emerging Markets Trader

 London, United Kingdom       Permanent contract        Other job functions

Responsibilities

Description of the Business Line or Department

The Global Markets functions is a trusted partner to external clients (Corporates, Financial institutions and Asset Managers) in market activities, offering a cross-expertise in Research, Investment and Risk Solutions,  Execution and Prime Services.

FIXED INCOME & CURRENCIES

A SOLUTIONS & DERIVATIVES HOUSE

The Fixed Income department at Societe Generale aim at providing a full set of services to Institutional and Corporate clients that will support their investment or risk management targets.

Thanks to market-leading research, engineering, trading and e-commerce capabilities, our clients benefit from strategic insights, flow information, competitive pricing and seamless execution across rates, credit, FX, and emerging markets.

We design solutions for our clients, capitalising on the full spectrum of fixed income and currencies products and services.

CREDIT

LINKING BORROWERS TO INVESTORS FROM ORIGINATION TO DISTRIBUTION

We service our clients on the full credit spectrum from Investment Grade to High Yield and X-Over and on cash as well as indices, options and singe name CDS.

GLOBAL FX & EMERGING MARKETS EUROPEAN MARKET LEADER WITH EMERGING MARKET FOCUS

Our clients can tap our capacity to execute large FX deals. We also offer a global coverage on all major currencies, and the local access of our global emerging markets platform spanning CEE, Asia, Africa and Brazil.

RATES

ACCESS TO CASH AND DERIVATIVES

Through packaged trade ideas or flawless execution, we offer our clients the best of our trading and structuring expertise. Our capabilities span from derivatives to government, agency & supranational securities to covered bonds, inflation-linked products and ETFs.


Summary of the key purposes of the role

Emerging Market making focusing on African currencies.

Managing treasury positions in African currencies

Maintain and develop our strong footprint in EM Africa.

Providing liquidity to external clients, SG branches, and internal clients.

Close working relationship with sales, and developing better client contacts, including trade idea generation, and regular client visits with sales & strategy.

Products include FX spot, fwd, fxswaps, NDF and Cross currency swaps, local currency government bonds

Building cooperation and relationships with local SG entities throughout the region


Summary of responsibilities 

Client Coverage Responsibilities (Internal and External Clients including market participants) 

§  Develop our profile and reputation among clients as a reliable market maker

§  Develop long term relationships with clients based on trust and professionalism

§  Build, foster and cultivate client relationships in line with regulatory requirements

§  Develop the client franchise by having strong interaction with the sales and engineer teams as required. Work in partnership with sales team to communicate market flows, trade ideas and any relevant trading information to support revenue generation.

§  Provide reliable backup and support as required for other traders within the team 

§  Maintain and develop strong interactions for both internal stakeholders (e.g. Sales, GLFI, Syndicate, research, compliance, middle/back office, IT,  Eng and Risq etc.) and our customers.

Product Scope Responsibilities 

§  Pricing and execution of relevant product transaction on behalf of SG Clients. Making sure that all procedural guidelines e.g. Mifid, risk controls and product governance are observed.

§  Take order and execute on behalf of clients in accordance with SG Trading handbook and/or Sales Handbook, risk and credit limits, SG compliance policies and regulatory guidelines.

§  Manage his/her book and hedge risk appropriately

§  Implement team business plan to develop SG business as directed

§  Support the development of IT tools and systems to enhance SG’s trading efficiency (e.g. automation, pricing engines, development of analytical toold and new hedging as applicable)

Knowledge Management Responsibilities

§  Maintain understanding of financial markets, competitors and clients to develop own trading position.

§  Maintain up to date intelligence on market initiatives and products in the trading environment

Risk Management Responsibilities

§  To further improve SG market share and reputation through professionalism, discipline and attention to risks e.g. compliance, market, credit, legal, reputation.

§  Using SG trading tools managing/ Monitoring the profit and loss of SG’s account. Ensuring respect to revelant trading limits and risk management.

§  Ensure full adherence to the SG Sales and Trading responsibilities including Sales and/or Trading handbook and regular training as applicable to the regulatory requirements. Ensuring compliance with all trading recording procedure and counterparty trades are within operating credit limits. 

Conduct Responsibilities

  • Responsibility to adhere to internal Policies that relate to you, your business or other businesses for which you have any level of responsibility.  It is your responsibility to ensure compliance with operational and conduct risk requirements (e.g data leakage, security policies and regulatory requirements). 
  • Adhere to individual and where applicable department conduct rules in accordance with the FCA and PRA Code of  Conduct rules
  • Responsibility for managing, controlling, preparing and escalating risk within the scope of your position and in line with existing policies.
  • Responsibility to ensure that you take reasonable steps to be fully aware of, understand and comply with all regulatory requirements from all regulatory  and statutory bodies, trading venues, etc  that are applicable to your role and business line.
  •  To assist in the self identification of all conduct related issues. Ensure escalation to appropriate stakeholder or function whether internal or external.
  • Adhere to business line mandates relevant to the role as directed by your manager

Other

  • This description is intended to outline the main responsibilities for the role and is not an exhaustive list, responsibilities may vary from time to time as directed by your manager.

Level of autonomy and authority

As defined in the Trading Mandate relevant for your role. Trading mandates must be annually reviewed and signed.    


Profile Required

Competencies

·         Some market knowledge and experience in Investment banking/ financial services industry

·         Sound numerical and Literacy skills

·         Good written and verbal communication skills

·         Team player, proactively  shares information and collaborates with others

·         Highly motivated, proactive and entrepreneurial

·         Reliable professional conduct

·         Ability to work autonomously and be responsible for following matters through to completion

·         Strong analytical skills and an aptitude for numbers with excellent attention to detail

·         SG Leadership Model competence as defined for individual contributors

·         Ability to develop relationships based on trust and professionalism

·         Language requirements if applicable are as defined to support the role purpose and coverage areas. (English is the business language for SG).


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 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: 20000J9Q
Business unit: SG CIB
Starting date: 02/11/2020
Date of publication: 09/09/2020
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Emerging Markets Trader

Permanent contract   |   London   |   Other job functions