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Rates Structuring job in London

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Company Name:  Societe Generale
Location:  London
Country:  United Kingdom
Job Type:  Permanent

People join for the impact they can have on us. They stay for the impact we have on them. A flatter structure offers visibility and exposure beyond that of our competitors, so you know our names, and we know yours. It's personable, human, and inspires success through passion. By encouraging open mindedness and a willingness to share ideas, we have adapted to market changes and thrived through innovation. Bringing words like “hard work” and “dedication” together with “community” and “respect” has enabled us to work collaboratively and build our future together. We call this Team Spirit and it's what makes us different. It's what makes you different.

 

Description of the Business Line or Department

The Engineering pricing team for Corporates provides tailor made derivatives solutions for Large Corporates taking into account our clients financial, accounting and legal constraints

 

Summary

Design, market and handle Interest Rate and Inflation Derivatives products and solutions 
Provide fast and accurate pricing of the whole range of interest products 
Act with rigour, high critical thinking and team spirit

 

Responsibilities
The client scope for this activity will be: 
• Corporate Clients: Large Corporates 

The rates structurer will focus on: 

Trade idea generation / Product innovation 
- market intelligence : geographic activity monitoring of product popularity 
- spontaneously identify, analyze and pursue Rates/Inflation related business opportunities (eg. creation of a specific tool, new product or structure…) 
- use of economic research reports: collect and incorporate economic rationale into product offering 
- organize and circulate deal information among sales and teammates, to foster pooling of interest and ideas 

Pricing/ Structuring 
- Propose, design and price Rates and Inflation structures to embed into global hedging solutions or investment products for clients 
- Compute technical margin, CVA, FVA… 
- perform price simulations (either historical, prospective): back-testing or forward-testing of hedging strategies 
- Work with quants and traders on development of pricing tools and automation of recurring pricing requests 

Marketing 
- Contribute to building client pitches, product campaings 
- Generation of attractive and comprehensive marketing documents and termsheets, with product description, benefits/risks simulations, market or economic rationale, accounting treatment 
- integration of IAS aspects in cooperation with internal specialists 
- Participating in external client meetings and advising, executing and pitching together with the sales and the senior members of the team client trades 

Deal execution 
- coordination between sales and traders 
- 'margin strategy' (negotiation, minimum expected margin), ensure optimal use of risk limits 
- define optimized booking with operational teams for the structured solutions 
- ensure documentation is accurate and exhaustive (internal documentation, term-sheet, internal tickets, legal documentation, set-up of booking and alerts, set-up of provisioning scheme, margin allocation method) 

Other 
Assist the rest of the team in the daily tasks, and provide technical support to sales teams 

 

Competencies and Work Experience
Interest Rates Derivatives Pricing experience
Good knowledge of Applied Stochastic Mathematics 
Deep knowledge of interest rate product range and their accounting treatment 
Knowledge of main valuation models, main risk factors, and main orders of magnitude in risks 
Good understanding of CVA, FVA concepts 
Knowledge of Bloomberg, Excel and VBA 
Quickness and responsiveness / Ability to work under pressure 
Good aptitude for working in team

Creativity: either in trade idea generation or product design

High level of rigour and critical thinking 

 

If you feel you have the required experience and qualifications, then please apply to the SG Resourcing Team, and we will manage your application. At Societe Generale, we believe our people are our strength and are core to the success of our business. As such, we search for, recruit and appoint the best available person on the basis of aptitude and ability, regardless of sex, marital or civil partnership status, race, colour, nationality, ethnic or national origins, pregnancy, disability, age, sexual orientation, religion, belief or gender reassignment.

Industry:  Banking
Salary and Benefits:  Competitive
01/04/2017
Job Ref:  1600072P
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