Money Market Trader

Permanent contract|London|Finance

Money Market Trader

  • London, United Kingdom
  • Permanent contract
  • Finance

Responsibilities

Description of the Business Line or Department

For SGLB

The desk's mission is to raise liquidity in the short term markets (institutional investors, interbank, corporates...) to ensure SG

activities are adequately funded, on appropriate currencies and maturities. In doing so, the desk manages a safe liability profile (redemption schedule, gap), according to the Group's risk appetite and regulatory requirements. It also manages relationships with short term investors to preserve the diversification of resources and the Group's signature. In particular, the desk:

- Monitors central bank accounts and nostri accounts, manages regulatory reserves requirements;

- Is responsible for the external and internal pricing grid on maturities up to 18 months or longer when agreed with GTR/POS

- Manages external issuance of SG debt and collection of cash deposits up to maturities of 18 months included (or longer when agreed with GTR/FUN and GTR/DIR);

- Funding to internal SG business lines and subsidiaries up to 18 months;

- Provides the Finance and Scarce resources management teams with the relevant information on market appetite and funding capacity;

- Manages its static and stressed liquidity gaps; through the management of its balance sheet, the desk also ensures that the

Group meets its LCR objective.

The desk also manages the interest rate, exchange rate and basis risks induced by the above liquidity deals by entering if

necessary into swaps and futures and other products such as FX spot, forwards, cross currency swaps, interest rate options.

These hedges are only covering existing deals on the balance sheet. They are initiated to reduce the risks of the desk's balance

sheet.

 

Summary of the key purposes of the role

  • Manage liquidity
  • Funding in money market
  • Internal quotation
  • Risk monitoring

 

Summary of responsibilities

·         Manage liquidity

  • Provide quotation to both internal and external counterparties
  • Provide quotations in both cash and certificates of deposit commercial paper
  • Hedge and manage the liquidity, interest rate, XCCY basis, CIM basis and spot positions in GBP and CAD books
  • Participate to the ratios, thresholds, targets that TRE has to respect or to reach (LCR, NSFR, WSF, Funding limits…)
  • Achieve designated budget target
  • Serve as the main backup for other London currencies
  • Serve as a backup for EUR and USD treasury in case of Paris unavailability in particular serve as a backup contributor of Euribor

Profile required

Competencies 

LANGUAGES:

·         English

 

SKILLS:

·         Knowledge of the money market, short term IR, and FX swap markets

·         Knowledge and understanding of main central banks policies, targets and tools

·         Ability to price/trade yield curves, understanding of derivative products

·         Mathematics

·         Macro-Economics

·         Financial product & derivatives

·         Regulatory skills

·         Analytical skills

·         Initiative

·         Communication skills

·         Team player

·         Open to change

·         Knowledge of PRA and ECB regulatory framework applicable to liquidity and the firm’s underlying business

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: 23000MET
Entity: SG CIB
Starting date: immediate
Publication date: 2023/08/29
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