Securities Back Office Operations Associate
Societe Generale
Responsibilities
The Security Back-Office Department within Operations ensures the operational, clearance, administrative and processing of transactions initiated by the various business lines. In addition, it ensures the control and security of transaction processing in accordance with current financial legislations and SRO regulations and handles the Daily Settlement processing for SG Paris and certain affiliates with securities held by SG Americas Securities (‘SGAS’) on the Broadridge BPS Back Office System. The department also manages various other responsibilities affiliated with clearance.
Security Back-Office Operations Associate is responsible for the following in all SG entities:
• Overseeing BPO (Broadridge Outsourced Services) and all its functions including:
• Aged Fails and block issues
• Payable and Receivables (including Coupon interest and Dividends)
• Suspense
• Assuring that the BPO is in proper review and escalation
• Managing operational risks.
• Prepare Managerial reports when needed
• Assist in facilitating resolutions between Trading Desks and Back-Office
• Review and Approve wire payments
• Memo seg releases
• Short sale Notifications
The Security Back-Office Representative is a junior member of the team who leverages their technical, operational and analytical skills to work with the various trading desks, BPO, Other SG back-office entities and the Middle/Front Office to manage daily trading and clearing activity
In this role, the Securities Back Office Representative will:
• Manage functional and operational requirements with Stakeholders.
• Provide daily reports for Senior Management.
• Ensure adherence to regulatory, legal & compliance requirements by working with the relevant internal contacts.
The responsibilities for this position include:
• Prepare Morning short sale report
• Review BPO Fail reports – escalate back to BPO on outstanding issues and be prepared to assist in facilitating in review and/or escalation to responsible desk
• Review the Payable / Receivable reporting and assure that all aged are being actioned
• Review Suspense accts and assure that all are actioned
• Prepare and cascade managerial KPI reports
• Perform monthly GPS controls.
