TRAINEE: Exotics Cross Asset Middle Office Control

The Trainee role is a full time 24-month contract with Societe Generale where you will have access to a diverse range of training materials to help you succeed, covering various aspects of businesses, including but not limited to technical skills, leadership development, communication skills, client service and relationship management. To be eligible, please ensure you have completed your qualification and will be available to work full time for the duration of Trainee contract.

Responsibilities

In your 1st year, you will be exploring various products and activities across the region with details below

• Product scope: Exotics Products on Equity, Rates, Credit, FX and Hybrid such as ELN, CLN, share accumulators, auto-callable and other exotics payoffs
• Work closely with Front Office and the different support functions (MO, BO, Risk, Finance, ITEC) in order to:
  o Assist with trade capture / modelling of exotic products and deals in the in-house information systems
  o Push for automation, simplification and convergence of the processes
  o Assist FO on their specific requests with effective and innovative solutions
• Control of the economic characteristics of transactions (primary bookings, secondary bookings, modifications and cancellations) based on contractual data and in particular:
  o Ensure the consistency and accuracy of transactional modeling with respect to term sheets
  o Perform regular stock review needed in case of specific Asia event or operational incidents
• Control on non-contractual data according to RISQ framework
• Follow-up of transversal issues (systems, financial, accounting ...)
• Participate in projects for the security and reliability of the control system
• Draft / update procedures linked to sensitive processes and controls

After gaining more knowledge from 1st year, you can also expect to explore more different area within the Exotics Cross Asset Middle Office and be able to come up with more comprehensive solutions & enhance existing processes with below examples:

• Contribute to automation governance on Asia scope:
  o Identify regularly automation opportunity
  o In partnership with IT teams, engage in developments of control tools
• Participate in impact analysis as part of the development of new activities, including participation in New Product Committee preparation
• Participate in the production of risk indicators (KRI) or performance indicators (KPI) of the team's activity
• Contribute to regular error rate governance on Asia scope. Analyze error rate concentration and help identifying root-cause and remediation action plan
• React in a timely manner to incidents and develop action plan for the long term

• Relevant Bachelor’s or Graduate’s degree holder is preferred 
• Graduates with some working experience gained from other sectors are also welcomed 
• Good knowledge of capital market exotics products with cross asset underlying (Equity, Commodity, FX, Rates)
• Fluent in English is essential, with other language skills would be a plus
• Ability to communicate effectively and interface with various internal partners (Traders, Engineers, Sales, other Middle Offices, Product Control teams, Back Offices, IT) and in different countries in Asia, Europe, America regions
• Ability to adapt to a fast-changing environment
• Knowledge of Python is an advantage
• Support change by proactively contributing to the change process and adapting to new constraints
• Willingness to embody the Group's values by honoring its commitments, fostering a climate of trust and knowing how to work with colleagues from different environments and cultures

Behavioral Skills

• Client - Client focus: I put long term relationship with our clients at the center of my actions, whatever my position 
• Team Spirit - Synergies: I make cooperation with colleagues in and outside my team a priority
• Team Spirit - Collective mindset: I favor the team’s interest over my own results
• Innovation - Simplification: I make things & ideas simple 
• Innovation - Thinking out of the box/Creativity: I propose new ideas and solutions
• Responsibility - Performance: I strive for high performance
   

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. Please visit our APAC career website: https://www.societegenerale.asia/en/careers/building-your-career-with/ for more information.

Diversity, Equity & Inclusion (DE&I):

Our 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 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

Check out our DE&I initiatives: https://www.societegenerale.asia/en/careers/diversity-equity-inclusion-dei/

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

Department Description

Within Société Générale Group, you will join GBTO (Global Banking Technology & Operations) in Hong-Kong, as middle officer on Investment scope. The role is transversal across asset classes, and our mission is to ensure all new trades and life cycle events are correctly reflected in the relevant information systems / database:

• For Front Office (FO) to have a clear and accurate view of their positions and risks,
• For Operations to ensure smooth settlement for all trades,
• For Finance to compute economic and accounting PnL in due time.

As the first link in the Operations chain, Trade Support is also the first level of control for the business.