Trading Analyst – Interest Rate Swap / OTC Derivatives ps

Permanent contract|Montreal|Banking operations processing

Trading Analyst – Interest Rate Swap / OTC Derivatives ps

Montreal, Canada Permanent contract Banking operations processing

Responsibilities

 

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, Mortgage Backed Trading, Interest Rate and Credit Derivative Products.

RESPONSIBILITIES

Trading Support Unit: responsible for the direct support of the US Flow & Exotic Rates Trading Desks in NY specializing in Vanilla and Exotic IRD products.

General Responsibilities Include:

  • Deal Capture: enforce controls designed to make sure that executed trades are booked promptly and accurately.
  • Externally affirm and allocate trading activity with clients and brokers.
  • Trade Input/Modifications/Cancellations.
  • Ensure consistency of process with global TSU counterparts.
  • Resolve Front Office vs. Back Office Trade Breaks.
  • Processing trade compressions via Trioptima.
  • Keep all procedure manuals current and up to date.
  • Respond to requests for Audit and Inspection teams.
  • Responsible for correct static data maintenance.
  • Liaison between Front Office, Back Office, Product Control Group, I-Tech 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.

Profile required

Required Product Expertise:

  • Experience supporting a Flow or Exotic Rates Trading Desk – Vanilla IRD Swaps , Swaptions, Caps and Floors
  • Strong Markitwire knowledge.
  • Understanding of Clearing swaps via LCH and CME as well as the netting process via Trioptima.
  • Product exposure should also include thorough understanding of US Treasuries and Bond settlements.
  • Familiar with Regulatory obligations

Desired/Plus:

  • Knowledge of FED, DTC and Euroclear in addition to GSCC netting and OASYS/CTM for bond allocations.
  • Fixed Income ETF  - Creation /Redemption
  • Knowledge of Swaption expiry process
  • Knowledge of Structured Notes and EMTN life cycle process
  • 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 Trading Desk.

EDUCATION

Required/Must have:

Bachelors Degree in Finance or Economics

Business insight

The Middle Office Operations on Corporate Actions works within the global equity derivatives business of the bank which covers such activities as Equity Finance, Indexation, Volatility, ETF facilitation and Stock Loan services. The team of 2 people will operate transversally on all these business lines to process corporate actions and dividends on the trading books positions

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: 21000N7S
Entity: SG CIB
Starting date: 2021/09/30
Publication date: 2021/07/21
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