Lead - Collateral Management

Immediately Candidates can be preferable!

Responsibilities:

oversees:

- The Collateral management on OTC products, Repo & Sec lending and CCP cleared products (OTC and listed products) for both Principal & Agency business,
- Reconciliation process facing OTC counterparts and cleared trade done by MARK/Principal,
- Global monitoring of counterparty/country risk for OPER entity,
- Project management and more specifically Collateral transformation program and regulatory projects.

This is a worldwide perimeter with teams located in Europe (Paris & London), in USA (Jersey City & Chicago) and Asia (Bangalore, Chennai & Hong Kong).

Within CCR, the teams located in India oversee performing all activities off-shored from other Regions, for both Principal and Agency business.

Responsibilities

The Margins, Port Recs & Dispute management teams within GSC CCR oversee the daily reconciliation of OTC collateralized trades (under ISDA/CSA), and must ensure the fast and accurate correction of identified discrepancies, relying on appropriate teams: TSU, Back-offices, MACC (in charge of valuation), external clients.

Reconciliation & Dispute management responsibilities:

1. Analyze and then validate or correct, as appropriate, the automated trades matching performed within the Reconciliation tool used by SG and the Industry (TriOptima),

2. Perform the portfolio reconciliation (using TriOptima, E-Rec or manually) and analyze, categorize and explain the transaction discrepancies between SG and the Counterparty, investigating and identifying the root-cause with the help of appropriate business partners (TSU, MACC, CCR on-shore). The identified root-cause need to be investigated and tackled in a sustainable manner.

3. Analyze the discrepancies in terms of products scope between SG and the Counterpartys portfolio, and ensure the resolution with the help of appropriate teams (CCR, Legal, ITEC, etc.)

4. Actively participate to the improvement of our processes, ensuring compliance with our internal procedure and Regulators. Maintain the SOP up to date.

5. Participate to the production of KPI/KRI indicators,

6. Report and escalate any incident / alert to the management in a timely manner.

Margining responsibilities:

7. Issuing notification, issuing margin calls, agreement of Margin calls to receive/ to be paid) with the Clients, Booking in Colline, substitutions etc.

8. Settlement of collateral (cash, securities) for VM & IA - Interest management

9. Perform the Accounting and handle the Nostro reconciliation

10. To ensure BAU are being performed in accordance with the SOP & no deviations

11. Ensure all the SLAs are met, including the mailbox management.

12. Ensure Client confidentiality is always adhered

13. Demonstrate a high level of accuracy & avoid repetitions by working with your direct manager and ensuring smooth flow of BAU.

14. Ensure the KPI/KRI is regularly updated to assist your manager in publishing the same to rest of the stake holders.

15. To aim at working independently on the process.

16. Reporting of incidents immediately to the reporting Manager.

17. Ensure any new additions to the process are communicated to your direct Manager and SOP is updated accordingly.

18. The incumbent to participate in all team meetings, Department meetings and Town hall when invited and contribute to the meetings constructively.

Internal & External interactions

Internal: CCR On-shore teams WW, FO, MACC, OPER BL, ITEC, Legal, RISQ, etc.

External : Clients, Counterparties, CCP, Vendors (Vermeg, TriOptima, etc.)

Profile Required:

Expected Profile & Skills

• Good understanding of Collateral business and regulations
• Excellent knowledge on OTC derivatives products
• Excellent analytical skills
• Good communication skills (lot of interactions with Custodians, onshore, business partners)
• Autonomy, pro-activity
• Good management of priority
• Capacity to work in transversal and complex environment

Qualifications

• Graduate/Post Graduate in Finance with 4 to 5 years experience in a similar role
• Experience in the IB environment and knowledge of Derivatives Collateral is extremely critical
• Ability to identify and develop strong working relationship with internal partners as well as external clients
• Proficiency in MS Office Tools (Excel, Word Doc, PPT, etc.)
• Flexible working in US/AMER Shifts
• Eye for Detail

Environment

At Société Générale, we are convinced that people are drivers of change, and that the world of tomorrow will be shaped by all their initiatives, from the smallest to the most ambitious.

Whether youre joining us for a period of months, years or your entire career, together we can have a positive impact on the future. Creating, daring, innovating and taking action are part of our DNA.

If you too want to be directly involved, grow in a stimulating and caring environment, feel useful on a daily basis and develop or strengthen your expertise, you will feel right at home with us!

Still hesitating?

You should know that our employees can dedicate several days per year to solidarity actions during their working hours, including sponsoring people struggling with their orientation or professional integration, participating in the financial education of young apprentices, and sharing their skills with charities. There are many ways to get involved.