Responsibilities
The Operations Department ("OPER") handles the middle and back office functions for all Global Banking and Investor Solutions ("GBIS") business lines (Markets & Financing) and International Private Banking. OPER implements all necessary means to ensure the operational, administrative, and financial processing market and credit operations initiated by business lines. In addition, OPER ensures the control and security of transaction processing in accordance with current financial legislations.
OPER, which operates within GBIS, is responsible for the following at worldwide level:
- Making available all the resources required for the administrative and financial processing of market and credit operations initiated by the various Business Lines
- Performing level one auditing in accordance with regulatory requirements, and setting up all the facilities required for secure processing of transactions,
- Managing operational risks
- Participating in drawing up economic and accounting results for SG Coverage and Investment Banking & International Private Banking operations
- The purpose of the position is to act as a support person in Deliveries department. The position duties include managing physical and cash settled positions for US markets, follow the sun processing for EMEA markets and daily and weekly expiration processes.
The Deliveries team monitors all the physical / cash settled processes. Assisting other reconciliation and regulatory reporting teams when necessary. The position also includes assisting EMEA counterparts with Follow the Sun processing for later deliverables.
Day-to-Day Responsibilities:
- Managing all physical Deliveries in Americas markets (All asset classes)
- Confirm with Client Services the client's intention for spot month deliverable products
- Maintain accurate open positions in books and at the exchange to ensure the clients position exposure is accurate
- Liaison w/Client Services to gather intentions on last trade dates
- Check the exchanges for any delivery notices and report to the client services teams globally
- Process and reconcile all derivative option expirations on Americas markets
- Provide option coverage for EMEA markets after hours
Profile required
Technical Skills:
Required:
- Proficiency in Microsoft Office Excel
- Comprehensive understanding of futures products and the physical deliverable products
Desired / Plus:
- Proficiency in Microsoft Office Suite
- GMI
Competencies:
- Estimates the risks or opportunities of one's own actions and initiatives
- Organizes follow-up with client services or affiliate to ensure problems are resolved
- Identifies opportunities to increase efficiency
- Willingly accepts challenging assignments
- Understands and can explain why changes are being implemented
- Steps forward to provide extra support to team leader and colleagues when necessary
Qualifications:
- Minimum 5 to 10 years of applicable experience required.
Educational Requirements:
- College Degree or equivalent work experience
Desired / Plus:
- BS/BA in Accounting, Finance, Mathematics or other quantitative subjects
Why join us
Global Business Service Unit (GBSU) US delivers day-to-day services to Global Banking & Investor Solutions (GBIS) and its clients. GBSU consists of entities composed of IT & non-IT teams working side-by-side under the same leadership. GBSU supports the goal of rolling out a services platform model, spreading the technology and data culture, shortening decision-making processes, and adopting an industrial approach to ensure secure, stable, and compliant operations, as well as continuously improving front to back processing environments. GBSU maintains production services for applications, systems, and infrastructure, facilitates entry into new markets, ensures compliance with regulatory needs, as well as business growth & development,
Business insight
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.
For more information about our Culture and Conduct initiatives, please visit this link
D&I:
Our Diversity & Inclusion 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 Diversity & Inclusion 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
For more information about our D&I initiatives, please visit this link
HYBRID WORK ENVIRONMENT:
Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols. Hybrid work arrangements vary based on business area. The applicable Business lines will determine and communicate the work arrangements that best meet their business needs.