Cash Management Trainee Cash Management Trainee …

SOCIETE GENERALE Corporate & Investment Banking
in London, England, United Kingdom
Permanent, Full time
Last application, 18 Sep 19
SOCIETE GENERALE Corporate & Investment Banking
in London, England, United Kingdom
Permanent, Full time
Last application, 18 Sep 19
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.

Description of the Business Line or Department
Societe Generale Securities Services (SGSS) in the UK is a business line of Societe Generale London Branch.
SGSS is a pan European providers which offers a full range of securities services:
Custody & Trustee servicesFund Administration & Asset ServicingFund Distribution, liquidity Management, Issuer Services & Clearing services
Summary of the key purposes of the role
Responsible for the calculation and reconciliation of client and firm bank accounts Responsible for the processing of inward and outward payments in an accurate and timely basis (as per currency and systematic deadlines)Manual creation of SWIFT payments (MT103, MT202 and MT210) via client SSI's.Ensure that all client and internal queries raised via email and telephone are responded to within the agreed SLAs.Reconciliation of predicted funding against external statements Interest processingInter-account transfers and journalsSettlement fundingProcessing of investor transactions in clients funds (Subscriptions, redemptions, transfers) Commission processingIdentify further opportunity to improve processesSupport projects within the business, support system enhancements and change requests life cycle.Involvement in periodic review of team proceduresAny other processes that may be required with growth in client base or changes to operating mode  
Summary of responsibilities 
Determine and calculate cash funding (CREST, international settlement) predictions for each bank account to ensure accurate funding and cash optimisation.Calculate and effect bank cash transfer requirements within funding and payment cut-off timesTransact and effect all funding payments ensuring that cut-off times are adhered to (methods of payment will include bacs, chaps, cheque and swift)Investigation and resolution of Cash Management bank reconciliation breaks/issuesBeing pro-active regarding all treasury aspects of cash management.Responsible for FX settlement cycle. support of project delivery and change
Level of Autonomy and Authority
Funding decision on accountsInput paymentsInput journals


·         Good analytical and high level of accuracy is required
·         Operational Skills
·         Regulatory Skills
·         Communication Skills
·         Understanding of general banking processes
·         Ability to make Decisions
·         Ability to work effectively under pressure
·         Must have previous experience of payment processing (MT103 and MT202)
·         Initiative
·         Good knowledge of Foreign Exchange and Money Market
·         Effective team player
·         Good knowledge of Excel and Word
·         Must have previous experience of cash processing and settlement
·         Understanding of Real Time Cash Management