Intern - UK Global Securities Financing

LevelUP HCS; Greater London; On-site; GBP 25,000 - 30,000; Full time

Job summary

LevelUP HCS is looking for an Intern in the UK Global Securities Financing team to support sales activities. Responsibilities include sales planning, client onboarding, KYC, and assisting with product promotions with a focus on Equities and Fixed Income securities. Ideal candidates should possess good relationship-building skills and a strong understanding of relevant products and markets. Candidates with FCA Approved Person experience are preferred, though not mandatory, and a team-oriented attitude is essential.

Qualifications

• Good understanding of equity derivative and fixed income markets.
• Knowledge of UK market is essential.
• Prior FCA Approved Person experience preferred.

Responsibilities

• Support the development of the GSF sales team’s income.
• Assist with client onboarding and KYC processes.
• Coordinate communication with trading and sales teams.

Skills

Good understanding of relevant products, markets and trading

Good relationship building skills

Strong negotiator and excellent communicator

Job description

Job Title: Intern - UK Global Securities Financing

Location: London

Overall purpose and main responsibilities and duties of the role: Sales support role, participating to the development of the GSF franchise with UK clients, with the objective to help the UK GSF Sales Team on task such as sales planning, coordination and reporting, clients support, clients onboarding and KYC, settlement and valuations, presentations, etc.

Helping the Sales Team with the promotion of the Secured Funding offering of the GSF department (Global Securities Financing) to UK clients, with particular focus, but not limited to, Equities and Fixed Income securities in TRS, Repo or alternative formats.

Range of products mainly including Securities Lending (Fixed Income and Equity), Repos Cross Asset and Cross Currency, Total Return Swaps, Asset Switches, Index and single stocks futures.

Prior FCA Approved Person experience for client facing role is preferred, but not mandatory – FCA certification will be required for the role

Main responsibilities and duties of the role:

• Help to develop and diversify the GSF sales team recurring income.
• Help the Sales Team with daily tasks such as client onboarding, KYC, presentations, centralised coordination, reporting generation, collection of information, sales planning, valuations, settlement, confirmations, communication with all the internal stakeholders involved in the lifecycle of the products trades by the GSF desk.
• Co-ordinate the Bank's efforts to service client organisations: communicate and co-ordinate flows and orders with trading and sales teams. Ensure transaction execution meets client and the banks' requirements, notably with regards to providing timely and professional pricing and ethical execution of customer flows.

Strategy & Business Planning

• Help to maintain awareness of all economic and financial data and any other important factors likely to affect the client base and products being marketed.
• Help to formulate marketing strategies; contribute to business plans, relating these to marketing opportunities; draw up forecasts; report on variances.
• Help to maximise long term revenues and control costs within the context of GSF business line strategy.

Reporting and Communication

• Ensure that information on client needs, potential business opportunities and important changes affecting clients flows freely to management, to relevant structuring teams, to other sales teams and to relationship managers covering the client base.
• Report to line manager on the progress of the business and specific issues (e.g. excess on limits, compliance problems, disagreement with client, reputational risk...).

Control

• Help to ensure clients are suitably classified (under FCA rules) and are dealt with appropriately
• Help to ensure clients are cleared by Credit, Legal, Compliance and Operations before trading.
• Help to ensure that new products are approved by the NPC before being offered to clients

Risk

• Adhere to and understand risks to the bank and the client resulting from marketing initiatives or successful conclusion of transactions.
• Consult the credit portal and adhere to counterparty risk limits prior to executing transactions
• Act as Operational Risk Correspondent as defined in the bank's procedures

Legal & Regulatory Responsibilities

• Comply with all applicable legal, regulatory and internal Compliance requirements as issued from time to time, including, but not limited to: the London Compliance manual; Compliance policies and procedures; Security policies & procedures; Financial Security requirements, including but not limited to the prevention of Financial Crime and Fraud including reporting obligations to the Money Laundering Reporting Officer.
• Maintain and develop product knowledge to ensure ability to undertake the role. Complete all mandatory training as required to attain and maintain competence.

Key Internal Contacts

• Account Managers and Relationship Managers
• Traders

JOB REQUIREMENTS

• Good understanding of relevant products, markets and trading
• Good understanding of the equity derivative and fixed income markets
• Good knowledge of UK market

Personal attributes

• Good relationship building skills, diplomacy
• Organised
• Team Orientated
• Client centric
• Strong negotiator and excellent communicator