Trade Support - Interest Rate Swaps

Permanent contract|New York|Banking operations processing

Trade Support - Interest Rate Swaps

New York, United States Permanent contract Banking operations processing

Responsibilities

Trading Assistant: responsible for the direct support of the US Long and Short term Rates Trading Desks in NY specializing in vanilla and Exotic IRD products. The position is based in New York under the hierarchical supervision of the head of OPER/FIC Middle Offices.

General Responsibilities Include:

  • Deal Capture: enforce controls designed to make sure that executed trades are booked promptly and accurately.
  • Booking of Exotic products for Interest Rate/Credit Derivative desk
  • Lifecycle Management: Ensure proper processing of coupons/fixings/maturities
  • Trade Modifications/Cancellations.
  • Ensure consistency of process with global TSU counterparts.
  • Resolve Front Office vs. Back Office Trade Breaks.
  • Processing trade compressions via Tri-optima.
  • Keep all procedure manuals current and up to date.
  • Respond to requests for Audit and Inspection teams.
  • Liaison between Front Office, Back Office, Product Control Group, IT teams globally.
  • Test system upgrades/enhancements.
  • Ad Hoc assisting of the traders and salespersons.
  • Monitoring of the STP processes so that all trades flow to BO systems promptly.
  • Booking of Structured Interest rate and Credit Derivative OTC and Notes
  • Trade maintenance: monitoring STP flows, resolving breaks, and updating client instructions.
  • Confirming trades with clients.
  • Liaise with Back Office to investigate and resolve fails, DK’s and breaks.

Profile required

Required Product Expertise:

  • Experience supporting a Rates Trading Desk – Vanilla IRD, TRS, Swaption, Caps/Floors and other Structured Products in the Rates/Credit World
  • Strong Markitwire knowledge.
  • Mastery of Clearing swaps via LCH and CME as well as the netting process via Trioptima.
  • Product exposure should also include thorough understanding of Options, and Credit Derivative exposure
  • Familiar with Regulatory obligations

Desired/Plus:                                 

  • Fixed Income ETF- Creation /Redemption
  • Swaptions, Caps and Floors
  • Knowledge of FX Markets
  • Strong Excel skills

Required Competencies:

  • Strong interpersonal, communication and partnering skills.
  • Ability to handle various ad-hoc requests in a dynamic environment.
  • Prone to take initiatives. Proactive and detail oriented.

PRIOR WORK EXPERIENCE

Required/Must have:

2-5 years experience supporting a Rates/Credit Derivative Trading Desk.

EDUCATION

Required/Must have:

Bachelors Degree in Finance or Economics

Business insight

SG capitalizes on its experience in the Fixed Income and Equities markets and its strong structuring capabilities to develop a unique product offering to clients and investors. At the cutting edge of financial research, SG's products linked to fixed income, equities, and their respective derivatives and indexes feature innovative client solutions, fitting market conditions and clients expectations.

SG is committed in various trading activity with institutional counterparts on a wide array of products, ranging from plain vanilla to highly complex exotic structures.

These positions are an integral part of the Middle Office Team which will strengthen the efficiencies and processing of the group to support the Front Office business line.  Middle Office Trading Assistants will process the activity of the various desks including Money Markets, Repo Financing, Municipals, U.S. Governments, Corporate Bonds, Global Foreign Exchange, Interest Rate and Credit Derivative Products.

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: 21000QSH
Entity: SG AMERICAS OPERATIONAL SECURITIES
Starting date: 2021/10/25
Publication date: 2021/09/01
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