V.I.E. Collateral Management Analyst

The aim of Global Banking Technology & Operations (GBTO) Canada is to deliver day-to-day services to Société Générale investment and corporate bank units and their clients to accelerate their transformation. GBTO differentiates itself from competitors with the pace of the agile transformation delivered, spreading the technology and data culture, shortening the decision-making process, and adopting a true industrial approach, leveraging on different teams either transversal or aligned to the different sub business units.

The Operations Department ensures the operational processing and control of activity across all Global Banking and Investor Solutions ("GBIS") business lines (Capital Markets, ex-Newedge & Financing). GBSU implements all necessary means to ensure the operational, administrative, and financial processing of capital markets and credit operations initiated by these business lines. In addition, GBSU ensures the control and security of transaction processing in accordance with current financial regulations while acting as the first level of control on operations and booking quality. GBSU provide all necessary support during the lifecycle of the transaction, perform Know Your Customer processing, and provide general client relationship management. GBSU also acts to steer the evolution of regulatory projects and controls our external service providers.

The Counterparty Collateral Management team works to reduce counterparty risk by negotiating and administering collateral annex provisions for all master agreements (derivatives, repo, securities lending, clearing, prime brokerage, etc.). The collateral annex defines the acceptable collateral, calculation rules for each asset type, how custodial relationships are handled, and what actions are to occur during an event of a default or other termination even.

Responsabilities:

Margin Call processing:

• Instruct margin calls, interest calculation, payment/receive orders as per Collateral Documentation.
• Book collateral movements as agreed with each counterparty.
• Interact with worldwide SG departments such as FO/MO/BO, Risk, Legal, Compliance and Audit.
• Take the required action when a counterparty defaults.
• Select the best collateral based on the contract terms, the collateral optimization process, and the defined strategies.
• Raise alert in the event of unusual client activity.
• Attend client meetings to represent the collateral activity.
• Monitor KPIs.

Disputes management:

• Manage the dispute resolution process.
• Reconcile, investigate, and follow up on any trade/MTM discrepancies with clients.
• Coordinate the dispute resolution either internally or liaising with the client ensuring a remediation plan is in place.
• Ensure requests are addressed in a timely manner.

Process Improvements:

• Write Procedures (operating modes).
• Relay to the team any issues found daily to identify and implement process improvements.
• Champion initiatives for improved client service, process efficiency, control, cost savings, etc.
   
   

A questionnaire will be provided to you in order to check your VIE (Société Générale and Business France) eligibility. For an efficient analysis of your application, please make sure to truthfully answer all the questions.  

Please note that it is mandatory to provide us a formal proof of your M2 diploma validation before the assignment start date. No VIE mission will start without this document. *Grade sheets are not accepted as justification of diploma.

PLEASE NOTE that since this program is primarily an international development program, candidates cannot apply to a VIE assignment in their own country of citizenship.

To facilitate the examination of your application by our English-speaking managers, we thank you for applying in English.

Studies & experience:

• Graduate with a Master degree from Business/Engineering School or University with a specialization in Finance

• A previous experience in Investment Banking would be appreciated

  
  

Language skills:

• Fluent in English

Technical, operational & Soft skills:

• Good communication and presentation skills

• Proficient/Good command of MS Office

The VIE assignment in a nutshell
This VIE in MONTREAL is to begin as soon as possible, but you need to plan 3 months between your application date and the beginning of your VIE assignment. It will last 24 months.

The VIE is a specific contract, under Business France’s eligibility criteria, opened to candidates under 28 and from the member states of the European Economic Space. For further information (including your financial indemnities), please see Mon VIE-VIA Business France.

As soon as you arrive, you will be integrated into our teams and will learn every day alongside our experts, who will support you in your tasks. Gradually, you will become more independent in your projects, making this experience a real career accelerator. You will also discover all the diversity of our businesses, in a sector that is constantly evolving and innovating.

At the end of your VIE, various opportunities could be offered to you, in Belgium and abroad.

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.

Whether you’re joining us for a period of months, years or your entire career, together we can have a positive impact on the future. Creating, daring, innovating and taking action are part of our DNA.

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!

Still hesitating?

You should know that our employees can dedicate several days per year to solidarity actions during their working hours, including sponsoring people struggling with their orientation or professional integration, participating in the financial education of young apprentices, and sharing their skills with charities. There are many ways to get involved.