Trainee - Asset & Liability Management

Permanent contract|London|Corporate and Investment Banking

Trainee - Asset & Liability Management

Kleinwort Hambros
London, United Kingdom Permanent contract Corporate and Investment Banking

Responsibilities

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

  • ALM (Asset&Liability Management) projects,
  • Assist the ALM team to enhance management information by making some automation,
  • Ad hoc requests relating to the ALM reportings, products of the Balance Sheet.

Summary of responsibilities

The responsibilities of the trainee will be:

  • Asset & Liability Management (ALM) projects

. to be in charge of the project relating to the testing of the right application of the ALM guidelines relating to the amortization of items of the Balance Sheet in the ALM reporting (liquidity risk, structural interest rate risk, structural foreign exchange risk),

. other projects relating to ALM reporting.

  • Ad hoc requests

. automation of ALM controls,

. data management of the data used for the ALM reportings or the ALM modelling,

. contribution to the treatment of ALM requests received from internal or external interlocutors to SG Kleinwort Hambros (evolution of the products, implementation of new products and impact on the ALM reporting, …).

Level of Autonomy and Authority

Autonomy to access to data of the Bank, to use the ALM reportings, to communicate with others departments of the Bank (Treasury, Finance, Risk, Accounting, Regulatory team).

Profile required

Competencies

  • Must have
  • Fluent in English (is essential)
  • Education in Finance
  • Analysis and synthetic abilities
  • Planning, Organization and respect of deadline
  • Problem-solving skills
  • Attention to details
  • Communication skills for written and verbal presentation (English)
  • Data analysis experience and ability
  • Team spirit and ability to work with different departments (Treasury, Regulatory team, Risk, Finance)
  • Professionalism and reliability
  • System knowledge: Microsoft Suite (Excel, Word, PowerPoint, Access).
  • Nice to have
  • Basic knowledge of ALM,
  • Knowledge of Financial risk management,
  • System knowledge: VBA, SQL, coding experience in a statistical language (R).

WORK EXPERIENCE

Experience that demonstrates that the candidate has:

  • Fluency in English,
  • Organization and planning ability,
  • Data analysis and synthesis abilities,
  • Written and verbal skills in English,
  • The ability to interact with different departments,
  • An ability to be self-directed and apply initiative,
  • used IT competencies in the framework of projects during his education or a first professional experience,
  • Genuine interest in the financial markets and interest in learning ALM risks.

EDUCATION

Necessary
  • Master’s degree in Finance,
  • Strong knowledge of Microsoft pack (Excel, Word, Power point, Access).
Desirable
  • Knowledge in ALM acquired during the education or a first professional experience,
  • Knowledge of Financial risk management,
  • System knowledge: VBA, SQL, coding experience in a statistical language (R).

LANGUAGES

  • English – Fluent (is essential)

Why join us

People join for the impact they can have on us. They stay for the impact we have on them. A flatter structure offers visibility and exposure beyond that of our competitors, so you know our names, and we know yours. It's personable, human, and inspires success through passion. By encouraging open mindedness and a willingness to share ideas, we have adapted to market changes and thrived through innovation. Bringing words like “hard work” and “dedication” together with “community” and “respect” has enabled us to work collaboratively and build our future together. We call this Team Spirit and it's what makes us different. It's what makes you different.

Business insight

If you feel you have the required experience and qualifications, then please apply to the SG Resourcing Team, and we will manage your application. At Société Générale, we believe our people are our strength and are core to the success of our business. As such, we search for, recruit and appoint the best available person on the basis of aptitude and ability, regardless of sex, marital or civil partnership status, race, colour, nationality, ethnic or national origins, pregnancy, disability, age, sexual orientation, religion, belief or gender reassignment.

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: 20000KI2
Entity: Kleinwort Hambros
Starting date: immediate
Publication date: 2021/03/16
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