Junior Trader - Credit Repo - Analyst/Associate

Societe Generale; New York (NY); On-site; USD 100,000 - 180,000; Full time

Job summary

Societe Generale in New York is seeking an experienced finance professional to join our secured financing desk. The role focuses on risk management, client financing solutions, and capitalizing on liquid credit assets through repo and other facilities.

You will interact with internal teams and external clients to optimize revenues while maintaining risk appetite. Requirements include a Bachelor's in Business/Finance/Economics, a Masters preferred, and licensing commitments (Series 7, 63, and 3).

Qualifications

• Strong math, analytical and communication skills.
• Ability to remain focused during highly stressful market conditions.
• Must be able to multitask and have excellent organizational and follow-up skills.
• Recognizing and developing new sales opportunities.
• Good interpersonal communication skills and ease in conversing with both internal and external clients.
• Needs to have a good understanding of the regulatory framework and rules of market exchanges and policies.
• Needs to understand the regulations applicable to the performance of the role.
• Must have unquestioned integrity, propriety, and accountability.
• Computer skills that include Word, Excel and the ability to learn latest versions of other market related technical programs.
• Ability to code simple programs (VBA) and ability to develop expertise in this area.
• Previous relevant work experience in finance is a plus.
• Good knowledge of the financial services industry and markets.
• Fundamental economic analysis with both Micro and Macro focus.

Responsibilities

• Be involved in day-today management of risks on a secured financing trading book on credit fixed income assets (corporate, ABS, EM).
• Provide leverage to institutional clients including hedged funds, regulated funds, insurance companies, among others.
• Monitor various collateral exposure spanning across corporate bonds, emerging markets bonds, non-agency RMBS, CMBS, CLOs, CRTs, and ABS.
• Manage liquidity needs by tapping into and building relationships with external funding sources.
• Conduct thorough market analysis to help expand the platform’s product offerings, while working in partnership with the salesforce and other internal stakeholders.
• Build and expand the franchise with daily interaction with clients while conducting a business within the bank risk appetite, generating revenues, and optimizing the bank’s scarce resources.
• Identify potential customers and means of developing new business.
• Remain current on services and products offered throughout the firm Ensure correct trade details are passed to support areas.

Skills

Math skills

Analytical thinking

Communication

Multitasking

Interpersonal skills

Education

Bachelor’s degree in Business / Finance / Economics

Master's degree

Tools

Excel

Word

VBA

Job description

Reference 26000GXM

Responsibilities

Division Description:
The desk is a profit and loss driven activity in charge of secured financing on fixed income credit products. It provides financing solutions both to internal and external clients of the firm on liquid credit assets (corporate and emerging markets bonds, ABS) via a large choice of financing wrappers (repo, securities lending, TRS, credit and repo facilities etc.)

• Be involved in day-today management of risks on a secured financing trading book on credit fixed income assets (corporate, ABS, EM)
• Provide leverage to institutional clients including hedged funds, regulated funds, insurance companies, among others
• Monitor various collateral exposure spanning across corporate bonds, emerging markets bonds, non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), collateralized loan obligations (CLO), Fannie and Freddie risk transfer transactions (CRT), and asset-backed securities (ABS)
• Manage liquidity needs by tapping into and building relationships with external funding sources
• Conduct thorough market analysis to help expand the platform’s product offerings, while working in partnership with the salesforce and other internal stakeholders.
• Build and expand the franchise with daily interaction with clients while conducting a business within the bank risk appetite, generating revenues, and optimizing the bank’s scarce resources
• Identify potential customers and means of developing new business
• Remain current on services and products offered throughout the firm Ensure correct trade details are passed to support areas

Required

Profile required

Required:

• Strong math, analytical, and communication skills
• Ability to remain focused during highly stressful market conditions
• Must be able to multitask and have excellent organizational and follow-up skills
• Recognizing and developing new sales opportunities
• Good interpersonal communication skills and ease in conversing with both internal and external clients

Regulatory Skills

• Needs to have a good understanding of the regulatory framework and rules of market exchanges and policies
• Needs to understand the regulations applicable to the performance of the role
• Needs to build a good working relationship with Compliance and other control functions
• Must have unquestioned integrity, propriety, and accountability

Technical Skills

Required:

• Computer skills that include Word, Excel and the ability to learn latest versions of other market related technical programs
• Ability to code simple programs (VBA) and ability to develop expertise in this area

Prior Work Experience

• Previous relevant work experience in finance is a plus
• Good knowledge of the financial services industry and markets
• Fundamental economic analysis with both Micro and Macro focus

EDUCATION

• Bachelor’s degree (Business Administration, Finance or Economics majors preferred)
• Masters degree a plus
• The position will require to obtain Series 7, 63 & 3 registrations.

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.