Trader - FX STIR

Permanent contract|New York|Corporate & Investment banking

Trader - FX STIR

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

Responsibilities

Seeking senior market maker in FX STIR/Swaps, preferably with CAD focus. Candidate will be expected to:

  • Add value to the SG Rates & FX franchise by growing our market share with key clients
  • Manage risks associated with trading portfolios in a disciplined and alpha-generative manner within all SG approved limits & frameworks
  • Evaluate market conditions, economic data and financial information to identify and manage market trends and trading opportunities
  • Provide insightful and valuable commentary, trade ideas and market color with SG salesforce and engage directly with clients
  • Work closely with IT, quant, and algorithmic trading teams to ensure appropriate functioning of pricing, risk management and hedging tools 
  • Price and manage the G10 FX Forwards and CAD STIR franchises
  • Liaise and communicate with sales teams to produce and present trade ideas
  • Compete appropriately and effectively on all e-trading platforms to maintain hit ratios, market share and profitability
  • Provide timely commentary & analysis of events affecting relevant markets
  • Collaborate with quantitative developers to develop trading tools and systems to help SG become
    more efficient in pricing and managing risk
  • Communicate with clients on a regular basis to create trusted relationships and increased market
    share

Profile required

Division Description:

Within Societe Generale Corporate & Investment Banking, the Global Markets Division brings together the Research, Investment and Risk Management Solutions, Execution and Clearing, Prime Services, Equities, Fixed Income, Futures and Currencies & Commodities structuring capabilities with the objective of providing investors with one integrated multi-asset market solutions team. The business uses an advisory and innovation mindset, focused on client needs, with a global leader in financial markets engineering. Global Markets is a leading player in derivatives, with unrivaled over the counter and listed derivatives expertise, as well as cross-asset and economic research.  Our prime services' offering is a unique combination of execution, clearing, custody and financing services. 

Skills and Qualifications:

  • Demonstrates strength in analytical skills associated with FX forward pricing and rate yield curve
    models, pricing techniques, risk analysis common to Rates & FX portfolios, and solid understanding of mathematics
  • Strong market knowledge of G10 FX Forwards and CAD STIR
  • Solid understanding of macroeconomics, economic relationships and dynamics
  • Proven ability to translate trading concepts into IT-friendly language to help facilitate projects
  • Client-oriented market making track record with good established relationships and understanding of client needs
  • High-achiever, driven to exceed expectations and with the highest personal standards in regards to integrity and confidentiality
  • Good communication skills, able to navigate various situations with sales and other internal trading desks to identify revenue-generative opportunities and potential risks
  • Highly collaborative - an open individual who can work successfully with multi-disciplinary, multinational teams
  • 5-10yrs of experience market making in a global bank
  • Bachelor's degree in Financial Engineering, Finance, Economics, Physics, a related field or the equivalent thereof. 

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.

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:
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: 22000XIG
Entity: SG Americas Securities
Starting date: immediate
Publication date: 2023/09/20
Salary or Compensation Range: $104,000 - $300,000
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