Trainee - Client Margin Control

4 months ago

London, United Kingdom Société Générale Full time

**Responsibilities**:
**The CFM team** handles **middle and back office functions for the (PSC) business lines, which include prime services, commodity c**learing and global execution services.
The CFM team manages the operational, administrative, financial market processing, and clearing for over 80 exchanges globally. The team is held to the highest of standards, ensuring the client requirements are prioritized equally against market exposure. In addition, the CFM team guarantees the control and security of transaction processing in accordance with current financial legislation.
- The execution and clearing controls of all operations performed by FO and clients
- The first level of control on operations and "quality" certification
- Customer Relationship Management, KYC, and all support during the life cycle of client trading activity
- Keep clients informed of all regulatory changes impacting operations
- To Manage the client facing and production day to day account maintenance for your assigned group of clients on world-wide markets as a including the following tasks.
- Margin Calls - issuing, dispute handling
- Cash breaks - Input, verification, break resolutions
- Balance conversions management and prefunding non deliverable currencies
- Internal cash Movements
- Collateral management - booking and control management
- Cash adjustments - review and process
- SSI KYC check/ review and request setup
- Clear lines of communication with clients and stakeholders
- Ensure communication of daily client margin calls, manage cash and collateral movements, and resolve any cash breaks
- Track client margin calls and ensure coverage daily
- Monitor and escalate aged client margin calls
- Address any issues related to the delivery of daily client margin call files/reports
- Receive and manage client margin disputes
- Ensure that all queries and problems from clients are resolved promptly and efficiently
- Able to meet strict cash & collateral deadlines in a high-volume environment with accuracy

Build client relationships through day to day interactions and prompt issue resolution
- To Manage the client facing and production day to day account maintenance for your assigned group of clients on world-wide markets as a including the following tasks.
- Margin Calls - issuing, dispute handling
- Cash breaks - Input, verification, break resolutions
- Balance conversions management and prefunding non deliverable currencies
- Internal cash Movements
- Collateral management - booking and control management
- Cash adjustments - review and process
- SSI KYC check/ review and request setup
- Clear lines of communication with clients and stakeholders
- Ensure communication of daily client margin calls, manage cash and collateral movements, and resolve any cash breaks
- Track client margin calls and ensure coverage daily
- Monitor and escalate aged client margin calls
- Address any issues related to the delivery of daily client margin call files/reports
- Receive and manage client margin disputes
- Ensure that all queries and problems from clients are resolved promptly and efficiently
- Able to meet strict cash & collateral deadlines in a high-volume environment with accuracy

Build client relationships through day to day interactions and prompt issue resolution

**Operational**
- **Point of contact for clients for margin & cash processing**:

- **Monitor and communicate with clients on margin issuance, cash payments, conversions, SSI’s and manage associated client queries**:

- **Control client booking in relevant product databases / tools**:

- **Fully understand margin booking rules and their impact on risk to firm during trade lifecycle**:

- **Fully Understand SSI structure, static, etc. and interest impact of margins/balances**

Technical
- Project work to improve process flows and automation
- Increase levels of efficiency, whilst reducing risk by continuous review of procedures, processes and through analysing system capabilities and proposing and documenting prospective developments
- Look up initial margins on a website or do a simple what-if in GMI

Control
- Maintain up to date documented departmental procedures
- Ensure Financial Crime prevention and Compliance procedures (Compliance manual) are applied enforced and followed

**Profile required**:
Product Coverage
- In-depth knowledge of all products traded by Societe Generale clients.
- Listed Derivatives (Futures & Options)
- Working knowledge of FX, OTC, Equities and Fixed Income
- Understanding of market risk associated to trading activity.
- Knowledge of how initial margins are calculated for the asset classes covered
- Understanding of the regulatory rules and customer funds protection rules in the booking entities they are covering

Technical/Systems knowledge
- Understanding of the reconciliation tools and process
- Strong Microsoft Office package knowledge is essential (Excel, Visio PowerPoint)
- Good adaptability to new systems and ability to propose ne

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