EM FX Trader

Societe Generale; New York (NY); On-site; USD 150,000 - 210,000; Full time

Job summary

Societe Generale is seeking an experienced trading professional for the New York Global Markets desk. The role focuses on pricing and hedging EM and G-10 FX & Rate derivatives, collaborating with sales to grow our client franchise, and developing quantitative tools to improve profitability and risk controls.

The successful candidate will manage trading activity, assess market and specific risks, and help implement new trading workflows that enhance Principal Trading capacity and client service

Qualifications

• Must pass FINRA Series 7, Series 3 and Series 63 licensing after commencement of employment
• Minimum 2 years of experience at a financial institution on a trading desk managing significant client activity
• Highly collaborative – ability to work with multi-disciplinary, multi-national teams
• Demonstrated ability to build relationships within a large organization and partner with other business heads

Responsibilities

• Engage in pricing and hedging of EM and G-10 FX & Rate derivatives.
• Work closely with sales to develop the client franchise.
• Develop quantitative tools and models to optimize trading, reduce risk, and improve profitability of algorithms.
• Manage trading book and identify opportunities while hedging risk.
• Evaluate systematic vs specific risk and measure portfolio concentration.
• Manage risk in US underlying assets including pricing, hedging, unwinding, and monitoring.
• Implement new workflow on the Trading Desk in New York to increase Principal Trading capacity and client service.
• Price non-US trades for US customers during US hours.
• Design tools to analyze client portfolios and expand portfolio services.
• Set up a pricing hub in New York for all risk products (US and non-US).

Skills

FINRA licensing

Trading desk experience

Collaboration

Integrity

Relationship building

Market risk awareness

Education

Finance or related degree

Job description

Responsibilities

• Engage in pricing and hedging of EM and G-10 FX & Rate derivatives.
• Work closely with the sales team to develop the client franchise.
• Help develop quantitative tools and models to optimize trading, reduce risk, market impact and increase profitability of trading algorithms.
• Manage trading book including taking positions in capital markets as well as identifying and exploiting trading opportunities and hedging the risk.
• Evaluate systematic versus specific risk and measuring portfolio concentration.
• Manage risk in US underlying (including pricing, hedging, unwinding and monitoring).
• Implement a new workflow on the Trading Desk in New York by introducing technology and trading models that will increase our Principal Trading capacity, minimize risk, and improve overall client service and allow rapid growth of our product offering (Agency, Algorithmic, Principal, Certificates, etc.) both domestic and international clients.
• Pricing non-US trades for US customers during US hours.
• Quantitative Analysis: designing tools that will help analyze client portfolios in order to expand our Portfolio services. This product will need to be designed and marketed along our other products with the local sales force.
• Pricing Hub: setting up a pricing hub in New York for all risk products (US underlying, non-US underlying)

RESPONSIBILITIES:

• Engage in pricing and hedging of EM and G-10 FX & Rate derivatives.
• Work closely with the sales team to develop the client franchise.
• Help develop quantitative tools and models to optimize trading, reduce risk, market impact and increase profitability of trading algorithms.
• Manage trading book including taking positions in capital markets as well as identifying and exploiting trading opportunities and hedging the risk.
• Evaluate systematic versus specific risk and measuring portfolio concentration.
• Manage risk in US underlying (including pricing, hedging, unwinding and monitoring).
• Implement a new workflow on the Trading Desk in New York by introducing technology and trading models that will increase our Principal Trading capacity, minimize risk, and improve overall client service and allow rapid growth of our product offering (Agency, Algorithmic, Principal, Certificates, etc.) both domestic and international clients.
• Pricing non-US trades for US customers during US hours.
• Quantitative Analysis: designing tools that will help analyze client portfolios in order to expand our Portfolio services. This product will need to be designed and marketed along our other products with the local sales force.
• Pricing Hub: setting up a pricing hub in New York for all risk products (US underlying, non-US underlying)

Required

Profile required

DIVISION DESCRIPTION:

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.

SKILLS AND QUALIFICATIONS:

Must Have:

• Must pass FINRA Series 7, Series 3 and Series 63 licensing after commencement of employment
• Minimum 2 years of experience at a financial institution on a trading desk that manages at least $20 million in customer commissions
• Highly collaborative – an open individual who can work successfully with multi-disciplinary, multi-national teams
• High achiever driven to exceed expectations, with the highest personal standards in regard to integrity and confidentiality
• Demonstrated ability to build relationships within a large organization and partner with other business heads

Business insight

Societe Generale is committed to offering an inclusive recruitment experience to all candidates. If you require any reasonable accommodations during the recruitment process, please do not hesitate to let our Recruiters know.

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 (https://americas.societegenerale.com/en/careers/get-know-culture/)

DIVERSITY, INCLUSION & BELONGING ("DIB"):

Our DIB Mission: Recruit, develop, retain and advance a talented workforce that is united in our efforts to leverage our talent and further develop an inclusive environment that will enhance our competitive position and deliver innovative solutions to our clients. It seeks to foster an environment where employee differences are valued and where all employees feel engaged, supported, respected, and informed. For more information about our DIB initiatives, please visit this link: https://americas.societegenerale.com/en/careers/get-know-diversity/

COMPENSATION:

Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience. The role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, medical/dental/vision, and other benefits for fertility, wellness, student loans and commuters.