Description of the Business Line or Department
Societe Generale Private Banking (SGPB) represents the wealth management arm of Societe Generale, managing over EUR110bn of assets. SGPB is a worldwide private bank with a strong European base, offering wealth management solutions to entrepreneurs and High Net Worth Individuals.
Kleinwort Hambros is part of the SGPB network, offering specialist banking and wealth management services to domestic and international clients through the UK and related offshore markets (Channel Islands and Gibraltar).
You have the opportunity to join as a Trainee within the Asset & Liability Management (ALM) department which sits within the Finance division and works closely with the Treasury department. The team provides expert resources in the fields of managing interest rate, FX and liquidity risks at the balance sheet level, all of which can present significant threats to the safety and soundness of the bank. The team is responsible to meet the liquidity requirements to balance supply and demand of money and capital to sustain the growth. Moreover, the team coordinates the implementation of Head Office (Paris) guidelines regarding liquidity, structural interest rate & foreign exchange risks, capital management, ALM modelling and implementation of ALM indicators in the systems of Societe Generale.
Summary of the key purposes of the role
The trainee will be more specifically working on the
§ ALM modelling: annual review of the ALM modelling (liquidity, interest rate risk) for deposits & loans,
§ ALM norms: implementation test of the application by SG Kleinwort Hambros of ALM norms issued from SG group,
§ Daily monitoring of the structural risks,
§ ALM controls (monthly, quarterly) relating to ALM indicators & reportings,
§ Projects impacting ALM indicators,
§ Ad hoc request relating to the products of the Balance sheet.
Summary of responsibilities
The responsibilities of the trainee will be:
. review the definition of the current ALM models and conduct quantitative and qualitative analysis,
. provide high quality documentation of the ALM modeling review integrating quantitative and qualitative explanations, business drivers that support the analysis, evidence of the impacts of the modeling on ALM indicators (liquidity gap, interest rate risks indicators),
. provide documentations to support the presentation for getting the approval of the reviewed models from internal (SG Kleinwort Hambros) and external (SG group) committees.
Level of Autonomy and Authority
Autonomy to access to data of the Bank, to analyze ALM indicators, to communicate with others
departments of the Bank (Treasury, Finance, Risk, Accounting, Regulatory team).
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.