Trainee-Settlements - Banking Operations London - Great Britain Trainee-Settlements - Banking Operations London -  …

SOCIETE GENERALE
in London, England, United Kingdom
Contract, Full time
Last application, 16 Sep 19
Competitive
SOCIETE GENERALE
in London, England, United Kingdom
Contract, Full time
Last application, 16 Sep 19
Competitive
Trainee-Settlements - Banking Operations London - Great Britain
Description of Business Line or Department

The Securities settlements department supports the PRM business line under Societe Generale International Limited, the settlement team covers all Prime Brokerage Activity on a global basis.

Summary of the key purposes of the role

  • Pre-matching and fails management on a global basis, covering all Fixed Income and Equity product type


  • Responsibility for managing, controlling, preparing and escalating risk within the scope of your position.


  • Responsible for cash and stock break resolution within the strict deadlines of the department on a daily basis


Summary of responsabilities

  • Pre-matching and fails management across all markets where SGIL are active, covering all Fixed Income and Equity product types
  • Responsible for escalating all failing & unmatched trades on a daily basis to the various business lines, trading desks & to your direct Supervisor / Manager
  • Responsible for collating fails reports to management, business lines and trading desks on a daily basis
  • Flexible in working hours to cover various shifts, covering Europe through to North America
  • Responsible for cash and stock break resolution within the strict deadlines of the department on a daily basis allocated to the settlements department by operations reconciliation department
  • To generate and investigate all incoming , outgoing interest claims and market penalties in a timely manner
  • Ensure all market penalties , buy-in notifications are acted upon in a timely manner, passing notification on to relevant counterparts , escalating to business line, trading desk and direct manager
  • Responsible for monitoring and clearance of all trade related (Swift release) queues within SGNUK internal systems to ensure settlement in a timely manner
  • To adhere to internal procedures relating to 'Client Money' and 'CASS' to comply with regulations
  • Responsible for set up and maintenance of static data relating to all settlements
  • Any ad-hoc tasks as determined by the section manager


  • Responsibility for ensuring that you are fully aware of and adhere to internal Policies that relate to you, your business or other businesses for which you have any level of responsibility. It is your responsibility to ensure compliance with operational risk requirements (e.g. Golden rules, security policies and regulatory requirements).


  • To follow settlement procedures and processes set by management at all times


  • Observe proper standards of market conduct. Responsibility to ensure that you take reasonable steps to be fully aware of, understand and comply with all regulatory requirements from all regulatory bodies that are applicable to your business.


  • Setting up and monitoring OPER/SEC skills matrix


  • Ensuring procedures updated and Synapsys up to date


  • Monthly/weekly KPI analysis and report creation


  • Innovation - looking at some of process's with new approach


All our positions are open to people with disabilities

Profile Required

Competencies

  • Understand the importance of escalation and operational risk
  • Ability to work under pressure, be able to handle conflict in a cutting edge environment
  • Ability to meet tight deadlines
  • Ability to build effective working relationship with Traders/Counterparties/Settlement Agents and other internal departments
  • Be a team player - Act as one team
  • Ability to express themselves in a clear and precise manor
  • Be able to work under their own initiative
  • Good time management skills
  • Responsible employee who takes ownership and demonstrates a "Can-Do" attitude in their daily role


Why Join Us

If you feel you have the required experience and qualifications, then please apply to the SG Resourcing Team, and we will manage your application. At Societe Generale, we believe our people are our strength and are core to the success of our business. As such, we search for, recruit and appoint the best available person on the basis of aptitude and ability, regardless of sex, marital or civil partnership status, race, colour, nationality, ethnic or national origins, pregnancy, disability, age, sexual orientation, religion, belief or gender reassignment.

Business Insight
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

Job code: 1900025V
Business unit: SG CIB
Starting date: Immediate
Date of publication: 23/07/2019

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