Financial Credit Trader

Recruiter
SOCIETE GENERALE
Location
London, United Kingdom
Salary
Negotiable
Posted
17 May 2022
Closes
21 May 2022
Ref
14939482
Job Function
Credit Analysis
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
The Global Markets functions is a trusted partner to external clients (Corporates, Financial institutions and Asset Managers) in market activities, offering a cross-expertise in Research, Investment and Risk Solutions, Execution and Prime Services.

The Fixed Income department at Societe Generale aim at providing a full set of services to Institutional and Corporate clients that will support their investment or risk management targets.

FIXED INCOME & CURRENCIES

A SOLUTIONS & DERIVATIVES HOUSE

The Fixed Income department at Societe Generale aim at providing a full set of services to Institutional and Corporate clients that will support their investment or risk management targets.

Thanks to market-leading research, engineering, trading and e-commerce capabilities, our clients benefit from strategic insights, flow information, competitive pricing and seamless execution across rates, credit, FX, and emerging markets.

We design solutions for our clients, capitalising on the full spectrum of fixed income and currencies products and services.

CREDIT

LINKING BORROWERS TO INVESTORS FROM ORIGINATION TO DISTRIBUTION

We service our clients on the full credit spectrum from Investment Grade to High Yield and X-Over and on cash as well as indices, options and singe name CDS.

GLOBAL FX & EMERGING MARKETS EUROPEAN MARKET LEADER WITH EMERGING MARKET FOCUS

Our clients can tap our capacity to execute large FX deals. We also offer a global coverage on all major currencies, and the local access of our global emerging markets platform spanning CEE, Asia, Africa and Brazil.

RATES

ACCESS TO CASH AND DERIVATIVES

Through packaged trade ideas or flawless execution, we offer our clients the best of our trading and structuring expertise. Our capabilities span from derivatives to government, agency & supranational securities to covered bonds, inflation-linked products and ETFs.

Summary of the key purposes of the role
  • Make markets in Financial cash bonds to SG internal and external clients.
  • Manage the risk and the complexity of the SG Corporate cash trading books.
  • Promote SG credit market making capabilities.

Summary of responsibilities

Client Coverage Responsibilities (Internal and External Clients including market participants)
  • Develop long term relationships with clients based on trust and professionalism
  • Build, foster and cultivate client relationships in line with regulatory requirements
  • Develop SG profile in the market through trading volumes and market presence, enhance individual and team reputation am onst clients as reliable market maker
  • To further improve SG market share and reputation through professionalism, discipline and attention to risks e.g. compliance, market, credit, legal, reputation.
  • Provide reliable backup and support as required for other traders within the team
  • Maintain and develop strong interactions for both internal stakeholders (e.g. Sales, GLFI, Syndicate, research, compliance, middle/back office, IT, Eng and Risq etc.) and our customers.
  • Develop the client franchise by having strong interaction with the sales and engineer teams as required. Work in partnership with sales team to communicate market flows, trade ideas and any relevant trading information to support revenue generation.
  • Actively support sales staff with client pitches as required to contribute to revenue generation
  • Pricing and execution of relevant product transaction on behalf of SG Clients. Making sure that all procedural guidelines e.g. Mifid, risk controls and product governance are observed.
  • Develop trading strategies and assist sales in developing pricing models as required
  • Grow the business in line with the SG group objectives and in co-operation with other stakeholders. In particular regarding the regulation and business principles, and the development of our customer franchise.
  • Review and oversee optimization of capital and leverage costs

Product Scope Responsibilities
  • Pricing and execution of relevant product transaction on behalf of SG Clients. Making sure that all procedural guidelines e.g. Mifid, risk controls and product governance are observed.
  • Take order and execute on behalf of clients in accordance with SG Trading handbook and/or Sales Handbook, risk and credit limits, SG compliance policies and regulatory guidelines.
  • Manage his/her book and hedge risk appropriately
  • Implement team business plan to develop SG business as directed
  • Actively support enhancing IT development of tools and systems to develop SG's trading capability and efficiency (e.g. automation, pricing engines, development of analytical toold and new hedging as applicable)

Knowledge Management Responsibilities
  • Maintain understanding of financial markets, competitors and clients to develop own trading position.
  • Maintain up to date intelligence on market initiatives and products in the trading environment

Risk Management Responsibilities
  • Using SG trading tools managing/ Monitoring the profit and loss of SG's account. Ensuring respect to revelant trading limits and risk management.
  • Ensure full adherence to the SG Sales and Trading responsibilities including Sales and/or Trading handbook and regular training as applicable to the regulatory requirements. Ensuring compliance with all trading recording procedure and, counterparty trades are within operating credit limits.

Conduct Responsibilities
  • Responsibility to 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 and conduct risk requirements (e.g data leakage, security policies and regulatory requirements).
  • Adhere to individual and where applicable department conduct rules in accordance with the FCA and PRA Code of Conduct rules
  • Responsibility for managing, controlling, preparing and escalating risk within the scope of your position and in line with existing policies.
  • Responsibility to ensure that you take reasonable steps to be fully aware of, understand and comply with all regulatory requirements from all regulatory and statutory bodies, trading venues, etc that are applicable to your role and business line.
  • To assist in the self identification of all conduct related issues. Ensure escalation to appropriate stakeholder or function whether internal or external.
  • Adhere to business line mandates relevant to the role as directed by your manager

Other
  • This description is intended to outline the main responsibilities for the role and is not an exhaustive list, responsibilities may vary from time to time as directed by your manager.


Competencies
  • Investment banking/ financial services industry knowledge and experience
  • Excellent interpersonal skills and communication skills (verbal and written) with the ability to interact and communicate convincingly at all levels with the key decision makers in a variety of business lines, management and control functions across the bank.
  • Ability to be able to work independently on multiple conflicting priorities and under pressure until completion
  • Flexible and Adaptable
  • Excellent analytical skills and an aptitude for numbers with excellent attention to detail
  • Solution-focused, service-oriented and proactive
  • Team player, proactively shares information and collaborates with others
  • Exemplary professional conduct
  • Self- motivated, proactive and entrepreneurial
  • Capability to prioritize and organize
  • Strong senior stakeholder Management Skills
  • Ability to develop relationships based on trust and professionalism
  • Language requirements if applicable are as defined to support the role purpose and coverage areas. (English is the business language for SG).

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