Middle Office Specialist - Repo Desk Support

SG leverages its extensive experience in the Fixed Income and Equities markets, along with its robust structuring capabilities, to create a distinctive product offering for clients and investors. At the forefront of financial research, SG's products related to fixed income, equities, and their respective derivatives and indexes provide innovative solutions tailored to market conditions and client expectations.
SG is actively engaged in various trading activities with institutional counterparts across a diverse range of products, from vanilla options to highly intricate exotic structures.
The TSU positions play a crucial role within the Middle Office Team, enhancing the efficiency and processing capabilities of the group to support the Front Office business line. The Middle Office Trade Support team will manage the activities of various desks, including Money Markets, Repo Financing, Municipals, U.S. Government securities, Corporate Bonds, Global Foreign Exchange, and Interest Rate and Credit Derivative Products.

Day-to-Day Responsibilities:

Responsible for providing direct support to multiple Repo desks, including US Treasury, Corporate, and Emerging Market Bonds, as well as DCS in New York.

Key Responsibilities:

•    Deal Capture: Implement controls to ensure that executed trades are booked accurately and in a timely manner
•    Trade Input/Modifications/Cancellations: Manage the input, modification, and cancellation of trades
•    TriParty Deal Allocations: Oversee the allocation of TriParty deals
•    Corporate Action Monitoring/Booking: Monitor and book corporate actions as needed
•    Process Consistency: Ensure alignment of processes with global TSU counterparts
•    Trade Break Resolution: Address discrepancies between Front Office and Back Office trades
•    Procedure Manual Maintenance: Keep all procedure manuals current and up to date
•    Audit and Inspection Support: Respond to requests from audit and inspection teams
•    Static Data Maintenance: Ensure accurate maintenance of static data
•    Liaison Role: Act as a liaison between the Front Office, Back Office, Product Control Group, and global Technology teams
•    System Testing: Test system upgrades and enhancements
•    Ad Hoc Support: Provide assistance to traders and sales personnel as needed
•    STP Process Monitoring: Monitor Straight-Through Processing (STP) to ensure timely trade flow to Back Office systems
•    Fail Investigation: Collaborate with the Back Office to investigate and resolve fails, DKs, and trade breaks

Technical Skills:     
•    Familiarity with Fixed Income products, including US Treasuries, Agencies, Corporate Bonds, and Asset-Backed Securities
•    Proficient in Excel
•    Experience in process improvement
 
Knowledge of:
•    TriParty Repo
•    Bilateral Repo trade lifecycle and settlement
•    BONY AccessEdge
•    Settlement processes for FED, DTC, and Euroclear
•    GSCC/FICC netting
•    Equilend

Competencies:        
•    Analytical thinker
•    Self-starter, proactive, and detail oriented.
•    Strong communication and partnering skills 
•    Ability to handle various ad-hoc requests in a dynamic and fast-paced environment 
•    TriParty Repo
•    Bilateral Repo trade lifecycle and settlement
•    BONY AccessEdge
•    Settlement processes for FED, DTC, and Euroclear
•    GSCC/FICC netting
•    Equilend
               

Qualifications:

Experience Needed: minimum 1-3 years experience in Fixed Income Repo

Desired / Plus: •    Familiar with Regulatory obligations

Educational Requirements: Bachelors Degree in Business, Finance, or Economics or equivalent

Societe Generale is committed to offering an inclusive recruitment experience to all candidates. If you require any reasonable accommodations during the recruitment process, please do not hesitate to let our Recruiters know.

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. For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)

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:
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. The role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, medical/dental/vision, and other benefits for fertility, wellness, student loans and commuters.