Prime Services Risk Trainee

Fixed term contract|London|Corporate and Investment Banking

Prime Services Risk Trainee

London, United Kingdom Fixed term contract Corporate and Investment Banking


Description of the Business Line or Department

Prime Services is the clearing, financing and execution offering of Societe Generale, which services clients across multiple asset

classes and products including listed derivatives, fixed income, equities, swaps, FX and OTC.

Prime Services Risk is the first line of defence for all business units including assets financing, execution and prime brokerage

clearing. The team is responsible to follow the counterparty risk that Prime Services activities generate and ensure that these risks

are well controlled and reported internally to other risk functions and management. The risk is managed on pre-trade level,

real-time and end-of-day basis for all clients and across metrics utilised the main ones include VaR, greeks and stress tests.

The team also is responsible to maintain and assist clients with understanding the margin methodologies that are utilised as well

 as develop new ones. The team has responsibility to ensure that the model utilised to calculate risk for all clients under

the business line is operating accurately and improve it as required based on new products or asset classes.

Summary of the key purposes of the role

 Assisting analysts on basic portfolio analysis and running simulations for new prospective clients

 Helping the team with ad-hoc analysis, risk reporting, risk projects and other admin tasks

 Maintenance and testing of the intraday risk monitoring platform

 Assist the team with automating existing processes or establishing new processes through the available tools under the guidance of senior members

 Maintain and improve the existing reporting and processes as well as suggest potential improvements

 Assist with Python implementation and automation under the guidance of senior members of the team

 Perform various tasks and checks regarding data quality of the risk inputs into the model

 Design new reporting dashboards under the guidance of senior members of the team

 Assist with back testing of various methodologies utilized by the team and perform pricing benchmark monitoring under the guidance of senior members.

Summary of responsibilities 

 Responsibility for ensuring that you are fully aware of and 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 risk requirements (e.g. Golden rules, security policies and regulatory requirements). 

 Responsibility for managing, controlling, preparing and escalating risk within the scope of your position.

 Responsibility for reading, understanding and complying with the Company’s Conduct and Standards and corresponding regulations. You will be notified of changes to policies in a timely manner through announcements and/or intranet updates.

 Act with integrity and due skill, care and diligence in carrying out your duties. Your actions should always be able to satisfy high standards of scrutiny.

 Observe proper standards of market conduct. Responsibility to ensure that you take reasonable steps to be fully aware of, understand and comply with all regulatory requirements from all regulatory bodies that are applicable to your business.

Level of Autonomy and Authority

Responsibility for managing, controlling, preparing and escalating risk within the scope of the position.

Observe proper standards of market conduct. Responsibility to ensure that steps are taken to be fully aware of, understand and comply with all regulatory requirements from all regulatory bodies that are applicable to the business.

Profile required


 Excellent communicator – role requires interaction numerous internal parties and departments.

 Excellent autonomy – role requires a lot a self-training based on strong investigation skills and autonomous tests

combined with analytical rigour

 Excellent organisational skills are required to effectively accommodate workflows and manage priorities.

 Methodical working techniques combined with analytical rigour

 Ability to work as part of a team and adapt to the needs of the team as they arise

 Strong attention to detail with analytical / problem solving skills

 Understanding of escalation approach to issues and effectively communicating to resolve problems quickly

 Technical/Systems Knowledge: MS Excel, Python

 Advanced grasp of statistical methods and concepts is required

 Understanding of risk concepts and methodologies (VaR/greeks/stress tests)

 Knowledge of Listed derivatives, Equities, FX, Fixed Income


Previous placements in risk management or the financial industry preferred


Bachelor’s/Master’s degree in Finance, Economics or a related field


Fluency in English required

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.

Reference: 20000O54
Entity: SG CIB
Starting date: immediate
Publication date: 2020/12/01