Settlement Officer (m/f)

Job description

Responsibilities

Established in 29 locations worldwide with around 4.000 employees, SGSS provides a full range of securities services that are adapted to the latest financial markets and regulatory trend. SGSS Frankfurt offers clearing, custody and trustee services to German and International Funds and Institutional clients.

The settlement team, placed under the direct supervision of the Head of Custody, Issuer and Settlement Services, is in all settlement services processing and related client inquiries the first point of contact in German/English language for the local client base in all aspects of the daily operational service delivery.

The VIE will support the processing of client instructions (DVP, FOP, RTO, LTA, Foreign Exchange, Cash movements, OTC derivatives). He/she will support to ensure that all STP and non-STP client instructions received by SGSS are processed and completed within the agreed timeframes, on repairing instructions directly or after requesting clarification from the client.

Your main responsibilities will be:

·  You will process trade affirmation / confirmation as well as settlement for trades of equities, funds/unit trusts, fixed income and clearable derivatives in collective safe custody, on the domestic and global markets.
·  Carry out all trades, including securities lending transactions, identify trade discrepancies and mitigate the risks related to the trade life cycle.
·  Investigate and resolve exceptions/issues raised by clients or any relevant third parties, as necessary in a timely manner.
·  Initiate escalation processes according to internal procedures.
·  Follow up on and clarify reconciliation breaks / open positions.
·  Document the daily work as proof for Audits.

Profile Required

Graduate from Engineering school, Business School or University with a master degree in Finance or Economics.
You ideally gained previous experience, ideally in the area of Securities Services.
You are fluent in German and English. French skills would be a plus.
You are proficient with MS Office.

The VIE assignment in a nutshell

This VIE in Frankfurt am Main is to begin as soon as possible but you need to plan 3 months between your application date and the beginning of your VIE assignment. It will last between 12 and 24 months.

The VIE is a specific contract, under Business France's eligibility criteria, opened to candidates under 28 and from the member states of the European Economic Space. For further information, please see www.civiweb.com .

To facilitate the examination of your application by our English-speaking managers, we thank you for applying in English

Why Join Us

As soon as you arrive, you will be integrated into our teams and will learn every day alongside our experts, who will support you in your tasks. Gradually, you will become more independent in your projects, making this experience a real career accelerator. You will also discover all the diversity of our businesses, in a sector that is constantly evolving and innovating.

At the end of your VIE, various opportunities could be offered to you, in France and abroad.

Business Insight

At Societe Generale, we are convinced that people are drivers of change, and that the world of tomorrow will be shaped by all their initiatives, from the smallest to the most ambitious.

Whether you're joining us for a period of months, years or your entire career, together we can have a positive impact on the future. Creating, daring, innovating and taking action are part of our DNA.

If you too want to be directly involved, grow in a stimulating and caring environment, feel useful on a daily basis and develop or strengthen your expertise, you will feel right at home with us!

Still hesitating?

You should know that our employees can dedicate several days per year to solidarity actions during their working hours, including sponsoring people struggling with their orientation or professional integration, participating in the financial education of young apprentices, and sharing their skills with charities. There are many ways to get involved.

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, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Job code: 20000NB6
Business unit: SG CIB
Starting date: 01/12/2020
Date of publication: 23/10/2020