XVA Process Officer Trainee

The role is to provide trade support to the XVA desk within the Fixed Income business, specifically around the process of compression and optimization on the rates/credit/fx/equity perimeters as related to counterparty credit risk. These compression/optimization runs enable the bank to reduce its exposure to counterparty defaults and help manage its regulatory capital requirement.

The key responsibilities of the successful candidate will include:

• XVA Expertise: Maintain in-depth knowledge of XVA topics, IT tools, workflows, and industry practices

• Process Improvement: Conduct regular process reviews and set up new procedures. Participate in automation projects

• Portfolio Optimization/Compression: Manage daily controls, reconciliations, and portfolio optimization for various asset classes

• Trade Support: Handle trade back-loading, control monitoring, and troubleshooting system and P&L issues

• Quality Control: Perform daily checks, manage exceptions, and contribute to dashboards and KPIs

• Collaboration: Communicate effectively with key decision-makers and participate in monthly governance meetings

• External coordination: Liaise with compression/optimisation vendors, managing the data submission to them and the review process on their proposals

We work in standard business hours, but it might be required to start at 7 AM or end at 7 PM occasionally to manage some external dependencies with vendors

We expect from the candidates:

• Student status for the whole internship, minimum 12 months (ideally studies related to finance)

• Minimum availability of 25 hours per week

• Knowledge of financial products, especially derivatives

• Very good knowledge of spoken & written English

• Knowledge of MS Office, advanced Excel skills will be an advantage

• Very good organization of work: attention to details, meeting deadlines, commitment and conscientiousness

• Good communication skills and ability to work both in a team and independently

• Strong risk culture and professional conduct

We offer:

• An interesting and responsible internship at an international financial institution

• The opportunity to learn from experienced professionals about the specifics of banking operational processes

• Flexibility of working hours as per the studies schedule

• Hybrid work in a pleasant atmosphere, dynamic and challenging environment

• Contract of mandate with attractive remuneration

*Please be informed that we will be accepting only resumes in English.

At Societe Generale, we are convinced that people are drivers of change, and that the world of tomorrow will be shaped by all their initiatives, from the smallest to the most ambitious.

Your first professional steps are important, and we’re here to provide the best environment for you to show your potential and gain the experience you need. Interns at Societe Generale enjoy a special place in their teams and enjoy a nurturing environment where they can prove themselves. Working with experts, you’ll take part in stimulating projects and build your experience while being accompanied every step of the way.

Internships, work-study contracts, and the V.I.E (International Corporate Volunteers) are excellent pathways towards joining us permanently!

If you too want to be directly involved, grow in a stimulating and caring environment, feel useful on a daily basis and develop or strengthen your expertise, you will feel right at home with us!

91% of our interns and V.I.E (International Corporate Volunteers) employees recommend Societe Generale and almost 50% stay with us to build their career.

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, gender identity, sexual orientation, membership of a political, religious, trade union or minority organization, or any other characteristic that could be subject to discrimination.