Equity Margin Specialist

Permanent contract|Chicago|Banking operations processing

Equity Margin Specialist

Chicago, United States Permanent contract Banking operations processing

Responsibilities

The successful candidate should be able to:

  • Be responsible for analyzing margin calculations for accuracy and ensuring accounts are correctly margined by regulation across all products, but especially with Reg T /OCC Portfolio Margin, market makers and JBO accounts
  • Understand SEC, Fed and FINRA rules surrounding margin; and liaise with compliance and/or exchanges for clarification
  • Run OCC Portfolio Margin Equity Reports each morning to assess exposure, observe margin violations and deficit balances.
  • Review day trading margin calls for regulatory compliance
  • Review Initial Margin calculations for accuracy, and investigate margin exceptions
  • Run Portfolio Margin positions on OCC’s Portfolio Margin calculator
  • Liaise with Client Services and other departments as necessary to issue margin calls and seek resolution of such calls
  • Participate in the review of new products with respect to margin regulations, including providing technical specifications and working with developers and other stakeholders
  • Make recommendations for improvement to processes
  • Assist in drafting and implementing margin-related procedures
  • Assist in responding to external and internal audits relating to margin issues
  • Have a basic understanding of futures margining, SPAN, CFTC and exchange rules surrounding futures margin

Profile required

  • 8+ years of margining experience with Equity & Equity Options
  • Required Technical Skills: Excel, Word.  GMI/Sungard and Shadow experience preferred.
  • Strong Communications skills and the ability to work with customers, counterparties, and sales front office 
  • Knowledge of Domestic and Foreign Stocks & Options, ADR receipts, ETF, Baskets and or Convertible Bonds, Fixed Income products

Business insight

Employees should understand the institution’s approach to risk management and their respective roles in supporting a strong risk culture, as outlined in the SGUS Operations Enterprise Risk Management Framework. At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities and the world in which we live, because relationships are at the heart of how we operate.

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: 21000UM6
Entity: SG AMERICAS OPERATIONAL SECURITIES
Starting date: 2021/12/13
Publication date: 2021/10/08
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