Prime Brokerage Securities Financing:
- Provide short coverage and long financing on securities to Prime clients;
- Develop tool for monitoring financing Trading opportunities while monitoring cost of financing via different structures leveraging on P&L analytics, client reports and SG APIs.
- Develop tool for anticipating Short Coverage against client locate ratios and internalization metrics while maintaining a profitable book
- Focus on Funding of the Equity PB activity, especially Term Commitments
- Provide financing solutions to Prime clients on specific assets/situations while optimizing liquidity binding constraints (ILST) of the US broker dealer;
- Work closely with other teams to build interactions and synergies on secured financing;
- Develop strategies in order to increase a book of business in a sustainable way for target diversified and recurring revenue;
- Optimize the global book position and the scarce resources (mainly cash consumption, liquidity ratios, balance sheet) including:
- Work on innovative solutions to service the business, pledge structure analysis and use client reports to find potential netting patterns or propose solution to improve the profitability.
- Manage the day-to-day risk, position management, risks follow-up and Profit & Loss (PNL) explanation.
- Maintain understanding of financial markets, competitors, and clients to develop own trading position; and
- Maintain up to date intelligence on market initiatives and products in the trading environment.
- Drive and support enhancing IT development of tools and systems to develop SG’s trading capability and efficiency (e.g. automation, pricing engines, development of analytical tools and new hedging as applicable);
- Ensure adherence to trading risks (DV01, VaR, stress testing) in collaboration with the Risk management department;
- Evaluate and analyze market conditions, regulations and financial information to identify investment opportunities;
- Understanding and backup of CCM activity would be a plus (Clearing Collateral Management):
- Optimize customer cash and non-cash collateral across external and internal counterparties, fixed income reverse repo trading, CCPs, banks and carrying brokers with expectations to meet performance targets;
- Manage borrowings from Treasury including optimizing placements / investments and returns;
- Execute forex hedging to support single currency margining product;
Within Societe Generale Corporate & Investment Banking, the Global Markets Division brings together the Research, Investment and Risk Management Solutions, Execution and Clearing, Prime Services, Equities, Fixed Income, Futures and Currencies & Commodities structuring capabilities with the objective of providing investors with one integrated multi-asset market solutions team. The business uses an advisory and innovation mindset, focused on client needs, with a global leader in financial markets engineering. Global Markets is a leading player in derivatives, with unrivaled over the counter and listed derivatives expertise, as well as cross-asset and economic research. Our prime services' offering is a unique combination of execution, clearing, custody and financing services.
- VP level candidate with 10yr+ experience in
- Securities Financing Trading space with specifically experience in Equity Prime Brokerage / Equity Financing / Stock Loan in a bulge Prime broker
- Senior understanding of Balance Sheet/Liquidity concepts impacting the business design (especially in the US, LST, etc)
- Capacity to drive change in teams and work with different teams (team player)
- Strong appetite for platform enhancement and building mindset to deliver customer value and efficiency