Senior Product Specialist - Cash Equity PB

Permanent contract|New York|Corporate & Investment banking

Senior Product Specialist - Cash Equity PB

  • New York, United States
  • Permanent contract
  • Corporate & Investment banking

Responsibilities

The Pricing and Business Optimization team is responsible for pricing across Prime Services and Clearing (“PSC”) AMER and optimization efforts across scarce resources, pricing, profitability, operational risks, IT Transformation, Credit Risk Appetite. It aims to Maintain and Protect the Return on Equity of PSC through optimization of all types of profitability return metrics (return on RWA, return on Leverage, return on US Balance sheet, return on risk exposure, return on liquidity consumption, return on operational/IT intensity etc.).

This team is also responsible to automate and standardize front-office and operational processes to improve the efficiency of our PSC AMER platform.

Within the Pricing and Business Optimization team, the Risk and funding specialist is responsible for the following:

  • Strengthening the risk monitoring framework in preparation for the growth and scale of the cash equity PB in collaboration with the rest of the Risk teams
  • Be our liaison with our second line of defense to train and educate them on the Cash Equity PB activity
  • Challenge and propose changes to our liquidity stress test model and LCR assumptions
  • Act as the Expert in all Cash Equity PB Risk, Scarce resource and Profitability matters
  • In charge of building a profitable and well diversified cash equity PB portfolio with a risk profile in line with the group’s risk appetite, tracked with adequate profitability metrics
  • Lead the implementation of a new Risk and Profitability monitoring Framework specific to the Cash Equity PB business
  • Work in coordination with Finance and IT to review and improve the data feed for liquidity metrics of the bank
  • Assist team members with their Project and Product management tasks to ensure delivery of new Prime Services projects
  • Attend Client Sales Pitches to understand their specific needs

Profile required

Technical Skills:

  • Strong Data analytical skills
  • Microsoft Office suite with particular focus on Excel, PowerPoint and Visio
  • Tableau or PowerBI

Competencies:
Team members need understanding in the following areas:

  • An understanding of Equity Finance, stock loan/borrow and Rehypothecation
  • Equity PB agreement, Term Commitment, Arranged Financing Offering
  • Equity PB margining Methodology (Reg T, PM, Rules Based models)
  • OTC FX, Derivative and Cash Prime brokerage including system deployment and trade flow analysis
  • Clearing, Margin and Risk processes
  • Client reporting and support
  • An understanding of FX electronic market place, confirmation & settlement


Experience Needed:

  • 10+ years' experience in Capital Markets running Product Development functions
  • The candidate must maintain expertise in equity prime brokerage operations – including trade capture, settlement, margin, risk, and general position lifecycle management.
  • The candidate must have a strong understanding of the cash equity PB regulatory constraints for equities and US listed options.
  • Ideally, the candidate has experience in developing or working in an environment where arranged financing and rehypothecation solutions were offered to clients.
  • The candidate must be comfortable working with international teams across departments. The candidate should be comfortable managing operational, regulatory, and legal queries from multiple regions and stakeholders.
  • The candidate must be eager to seek optimization and is comfortable working in a dynamic project environment. 
  • Bachelor's degree or equivalent

Business insight

OUR CULTURE: 
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.
For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)

D&I: 
Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.

Our Diversity & Inclusion Vision: 
•     Engaged workforce that is demographically diverse in a way that reflects the communities in which we operate
•     Inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents 
•     Engage our community and marketplace, and position the organization to meet the needs of all its clients

For more information about our D&I initiatives, please visit this link (https://americas.societegenerale.com/en/societe-generale-about/diversity-and-inclusion/)

HYBRID WORK ENVIRONMENT:
For most positions, Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols.  Hybrid work arrangements vary based on business area.  The applicable Business lines will determine and communicate the work arrangements that best meet their business needs.

COMPENSATION & SALARY RANGE:

Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience.

Societe Generale is an equal opportunity employer, and we are proud to make diversity a strength for our company. We are committed to recognizing and promoting the talents and achievements of our employees and staff, regardless of race, religion, color, national origin, sex, disability, age, gender, sexual orientation, and any other characteristic or status protected under applicable law.

Reference: 24000H70
Entity: SG Americas Securities
Starting date: 2024/09/02
Publication date: 2024/06/25
Salary or Compensation Range: $149,000 - $500,000
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