Société Générale Looking for Senior Collateral Management Specialist at Montréal, QC

ABOUT THE JOB:

The Operations Department (“GBSU”) ensures the operational processing and control of activity across all Global Banking and Investor Solutions (“GBIS”) business lines (Capital Markets, ex-Newedge & Financing). GBSU implements all necessary means to ensure the operational, administrative, and financial processing of capital markets and credit operations initiated by these business lines. In addition, GBSU ensures the control and security of transaction processing in accordance with current financial regulations while acting as the first level of control on operations and booking quality. GBSU provide all necessary support during the lifecycle of the transaction, perform Know Your Customer processing, and provide general client relationship management. GBSU also acts to steer the evolution of regulatory projects and controls our external service providers.

The Counterparty Collateral Management team works to reduce counterparty risk by negotiating and administering collateral annex provisions for all master agreements (derivatives, repo, securities lending, clearing, prime brokerage, etc.). The collateral annex defines the acceptable collateral, calculation rules for each asset type.

What will be your DAY-TO-DAY?

Responsibilities include:

Transversal/Project Oversight

• Centralize list of operational issues to review with IT support on a frequent basis
• Participate and coordinate UAT testing prior to each collateral system enhancement/new version release
• Work on process improvement / Challenge set-up
• Participate to audit review and implement recommendations

Offshore Oversight and Control Analysis

• Supervisory controls over the collateral activity (combination of regulatory and activity controls)
• Analyze current and new onshore collateral processes to identify gaps with the objective of creating operational controls that mitigate risk.
• Provide support in addressing escalations for aging issues with a focus on identifying root cause to close breaks in a timely manner

Skills and Qualifications:

Technical Skills Must Have:

• Good knowledge of repo, derivatives, and Collateral Management
• Strong analytical, problem-solving, and organizational skills
• Strong accounting and financial analysis skills
• Familiarity with banking procedures, loan, and payment systems
• Familiarity with legal documentation including CSAs, MSFTAs, MRAs Sec Lending agreements and clearing agreements.
• Excellent organizational and work documentation skills
• Ability to maintain an awareness of changing market conditions and the relevant impact on clients.
• Ability to interact in a mature and professional manner when interfacing with clients, team members and other SG departments
• Computer literate, including Word, Excel, Outlook, and PowerPoint

Previous Experience Required:

• Multi-tasking
• Pro-active, detail-oriented, and able to work in a fast-learning environment.
• Strong interpersonal, communication and partnering skills. A “team-player”.
• Ability to prioritize and work in a dynamic, deadline-focused environment.

Education Background:

• 3-5 years’ experience in the financial services industry
• 1-3 years direct collateral management experience

Due to US Federal Securities law applying to this position, candidates who will apply for this position will be required to submit to an enhanced background screening, including the collection of their fingerprints by a third-party vendor selected by the Financial Industry Regulatory Authority (“FINRA”).

OUR Benefits:

WHAT WE DO DIFFERENTLY AT SOCIÉTÉ GÉNÉRALE

Competitive compensation & benefits offering, including but not limited to:

• Minimum of 20 Vacation days + 4 personal days
  • Supportive Maternity, paternity, parental and adoption leave policy
  • Health spending ($2,000/year) and personal spending ($1,000/year) accounts with 75+ eligible reimbursement categories (health, training, electronics etc.)
  • Fully sponsored virtual healthcare assistance and Employee Assistance Program to you and your immediate family
• Various Employee Resource Groups (ERG) to engage with such as Pride and Allies, American Women Network, Black Leadership Network, One planet, etc.
• A culture of continuous development by encouraging our employees various training programs (online training and coaching platform such as Coursera, GoFluent, Pluralsight, First Finance, and others)

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.

D&I:
Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.

For more information about our D&I initiatives, please visit this link (https://americas.societegenerale.com/en/societe-generale-about/diversity-and-inclusion/)

HYBRID WORK ENVIRONMENT:
Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols. Hybrid work arrangements vary based on business area. The applicable Business lines will determine and communicate the work arrangements that best meet their business needs.

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