Trainee - FIC Pricing - Others - London, United Kingdom

2 weeks ago


London, UK, United Kingdom SOCIETE GENERALE Full time
Description of the Business Line or Department

The FIC financial engineer will focus on:

• Structuring solutions:

- Design, price, propose and execute FIC structures and payoffs to embed into global hedging solutions or investment products for final clients

- Integration of all accounting, tax and legal constraints in liaise with internal specialists

• Product innovation:

- Extend and promote fixed income and currency product offer by creating new payoffs

- Organise meetings with sales and trading for trade ideas, organize new development request and order their level of priority, in collaboration with sales, trading and quants

- Perform price simulation including back-testing or forward-testing of products and strategies

• Trade idea generation

- Market intelligence: geographic activity monitoring of product popularity

- Client intelligence, client targeting with sale force

- Leverage on economic research: collect and incorporate economic rationale into product offer

• Promotion and Sales support

- Organize regular product campaigns defined with sale force and trading, promote solutions to marketers, bankers and clients

- Collaborate to client pitches, to client seminars, to client targeting

- Redaction with marketing dedicated teams of attractive and comprehensive marketing documents with product description, benefits/risks simulations, market or economic rationale, accounting treatment

- Build generic term sheets, liaise with sale force for specific ones

• Leveraging - Replicating

- Organize and circulate deal information among sales, to foster pooling of interest, achieve greater notional for issues, extract more P&L from the same structure sold to one client

• Pricing

- Price exotic derivatives structures, compute technical margin, cross-checks with traders

• Booking

- Define optimized booking for the structures

- Streamline the front-to-back processes

• Deal execution

- Management of deal execution by coordination between sales and traders

- Monitoring with sales the margin strategy

• Deal post-execution follow-up

- 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 and enforcement

Profile required

Competencies
  • Strong preference for a candidate educated to Master's degree level in Applied / Advanced Mathematics
  • They will have a demonstrable interest in and understanding of financial markets
  • Some work experience in a similar field is advantageous
  • Excellent pricing skills essential
  • Excellent analytical and interpersonal skills
  • Excellent level of written and spoken English; other languages advantageous
  • Exceptional written and oral communication and presentation skills
  • Flexibility and adaptability
  • Ability to work autonomously and use initiative
  • Good teamwork and collaboration skills
  • Ability to work to deadlines in a busy office environment

Why join us

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.

Business insight

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 Société Générale, 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 identity.

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 24000FUO
Entity: SG CIB
Starting date: immediate

Publication date: 2024/08/30

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