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For Companies At a Glance
- Tasks: Assist traders with daily activities and report on market activity.
- Company: Join Société Générale, a leading financial services group focused on innovation and client relationships.
- Benefits: Enjoy a collaborative culture, opportunities for growth, and a commitment to diversity and inclusion.
- Why this job: Make an impact in a dynamic environment while developing valuable skills in asset-backed securities.
- Qualifications: Degree in Finance or related field; previous internship experience is a plus.
- Other info: Be part of a team that values hard work, community, and respect.
Responsibilities
Description of the Business Line or Department
Distribution and Credit Solutions (DCS) is the unit for the distribution and trading of all financial products created and covered by SG (excluding retail products). DCS works closely with the origination and engineering teams to ensure appropriate products are created for our clients. DCS activity is exclusively focused on clients (corporates, financial institutions, investors etc), and provides the market knowledge to allow our origination and engineering teams to create the products our clients are interested in.
Summary Of The Key Purposes Of The Role
- Assisting traders on day-to-day trading activities: working with traders, sales, middle office, and support functions, to manage current trading positions and source new opportunities
- Reporting on Market activity: Daily PnL analysis, weekly and monthly reporting of desk activity
- Pricing and analysis of ABS and CLO deals
- Helping on specific projects to improve internal tools relative to value analysis and risk management
Summary Of Responsibilities
- Supporting the team by analysing and modeling relevant securities structures
- Supporting client base development in line with Group strategy and priorities
- Monitoring clients active in securitisation across the capital structure
- Developing investor relationships
- Monitoring risk metrics and limits
- Monitoring the impact of new regulation on the Trading desk
- Supporting the team’s efforts to report on Market activity
- Helping with specific projects to improve internal tools, relative value analysis, and risk management
- Collaborating with the Financing team to develop a common approach with clients
- Collaborating with the Leveraged Loans team to strengthen ABP offer
Required Profile
- The ideal candidate will hold a degree or equivalent in a Finance-related subject
- Previous experience in a similar role (internship etc.) advantageous
- Ability to understand complex credit structures, their dynamics and the related instruments, including credit and rates derivatives, relevant capital markets products, with a particular focus on asset-backed products, markets, and regulations
- Ability to model exotic credit derivatives in a trading floor environment
- Responsibility – awareness and understanding of risks (conduct, reputational, financial, etc.) for the Group, and ability to act responsibly in line with SG Group Values, Code of Conduct, and other applicable rules & regulations
- Ability to contribute to the team’s efforts to build and maintain trusted client relationships
- Consistency and rigour in following up on clients’ needs
- Collaborative mindset to help develop business and adapt to client and market needs
- Ability to contribute to the development of new client base, advisory, and products
- Ability to prioritise tasks and manage competing deadlines
- Excellent level of written and spoken English essential; other European language skills advantageous
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.
Diversity and Inclusion
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.
Trainee - Asset Backed Securities employer: Societe Generale Corporate and Investment Banking - SGCIB
Contact Detail:
Societe Generale Corporate and Investment Banking - SGCIB Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trainee - Asset Backed Securities
✨Tip Number 1
Familiarise yourself with asset-backed securities (ABS) and collateralised loan obligations (CLOs). Understanding the intricacies of these products will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the finance industry, especially those working in trading or asset management. Attend relevant events or webinars to make connections that could provide insights or even referrals for the position.
✨Tip Number 3
Stay updated on market trends and regulations affecting the ABS and CLO markets. Being knowledgeable about current events will allow you to engage in meaningful conversations during interviews and show your proactive approach.
✨Tip Number 4
Prepare to discuss your analytical skills and any relevant projects you've worked on. Be ready to explain how you can contribute to improving internal tools and processes, as this aligns closely with the responsibilities of the role.
We think you need these skills to ace Trainee - Asset Backed Securities
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in finance, particularly any internships or roles related to asset-backed securities. Emphasise your understanding of credit structures and derivatives, as these are key competencies for the role.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the Trainee position and how your background aligns with the responsibilities outlined. Mention specific skills such as your ability to analyse market activity and your collaborative mindset, which are crucial for this role.
Showcase Relevant Skills: When detailing your skills, focus on those mentioned in the job description, like risk management, client relationship building, and the ability to model complex financial products. Use examples from your past experiences to illustrate these skills.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no grammatical errors and that your writing is clear and professional. This reflects your attention to detail, which is vital in the finance industry.
How to prepare for a job interview at Societe Generale Corporate and Investment Banking - SGCIB
✨Understand Asset-Backed Securities
Make sure you have a solid grasp of asset-backed securities and collateralised loan obligations. Be prepared to discuss their structures, dynamics, and the relevant market regulations during your interview.
✨Showcase Analytical Skills
Highlight your ability to analyse and model complex credit structures. Bring examples from your studies or previous internships that demonstrate your analytical prowess, especially in a trading environment.
✨Demonstrate Team Spirit
Since the role involves collaboration with various teams, emphasise your teamwork skills. Share experiences where you successfully worked with others to achieve a common goal, showcasing your collaborative mindset.
✨Prepare for Market Activity Discussions
Be ready to discuss current market trends and how they impact trading activities. Familiarise yourself with recent developments in the financial markets, particularly those related to securitisation and risk management.
