Societe Generale is one of Europe's leading financial services groups and a major player in the economy for over 160 years, we support 25 million clients every day with more than 126,000 staff in 65 countries

Our Group draws on our European roots to develop our business internationally. Our unique geographic positioning enables us to connect Europe and Africa with major global financial centres in Asia and the Americas.

The Group combines financial strength, proven expertise in innovation and a sustainable growth strategy with the objective of creating value for all our stakeholders. We seek to be a trusted partner in the projects of those building tomorrow's world today.

About the team:

The role is for preferably a Deliveries member of staff working with extensive prior expertise in the Listed Derivatives Deliveries team based in London. The deliveries department has been established as a centre of excellence to perform all position maintenance, settlements and deliveries for all listed derivatives traded globally. As the leading European hub, the Deliveries team are responsible for virtually every Major European Market when a contract that is traded approaches maturity. Once a contract expires it is the Deliveries team’s responsibility to facilitate the expiration and ensure that the result whether it be a Physical Delivery, Equity Settlement, Currency, or Cash index settles in accordance with all Exchange Rules and Regulations and within the exchange timing deadlines.

A strong knowledge in the Energy, Carbon Emission and Commodities sectors and Delivery framework are required.

The exposure that the team has means that the Department operates a Shift pattern, covering (currently) from 6:30am till 7pm Monday to Friday; this is split as an Early and a middle shift. Handover at 7pm GMT every day to Deliveries team in Chicago to cover the EMEA late shift from 7pm GMT to 11pm GMT. the London Deliveries team will be manning the office from 7am – 7pm

Additionally, one Saturday every month (the Saturday following the main 3rd Friday expiration), you will be required to work with the rest of the team for at least half a day – which is paid overtime. On non-Quarterly months we look to have a reduced attendance

Currently the working from home and office model is 4 days (80%) of a working week to be at the Office plus 1 day of the team member’s choice Working from home.

Summary of the key purposes of the role

The main purpose of this role is to perform all Option closeouts, option exercises and abandonments, support the settlements and deliveries of all European Markets with corresponding bookings in back-office system to reflect these actions (including results of assignments) for structured product operations in SGIL London and European and Global affiliates we support.

3rd Friday Expiration preparation to ensure that all operational delivery risk is kept to an absolute minimum, this is by performing all tasks according to checklists and procedures.

Work closely with equity settlements and client services teams to ensure all expiries occur without risk to the firm and to protect the client. This will also involve direct contact with all the major CCP’s and exchanges that we are member of. You will also be expected to liaise with other Socgen branches and with other internal departments such as reconciliations, Top Day Clearing and the Trade Break Management team, along with the Front office and Sales teams.

Summary of responsibilities

Processing of all delivery related activities on exchanges and reflecting these bookings in the back-office system(s).

Help to identify problems and escalating, potential exposure, buy in expectations, delivery failures and other faced complications.

Booking discrepancies identified from monitoring of intra-day transaction matches and 4 eye checking.

Ensure understanding of impact on clients and downstream departments of problems in this space (EXPAT, Pulse, Shadow, Newclear, and Nvision).

Ensure all transactions are processed including manual deliveries transactions directly in exchange GUI’s and portals,

Checking exchange GUI’s to ensure default Option Exercise settings are correct prior to expiration deadlines.

Attend client meetings when required, to share expertise and ideas as to best methods to support client demands and needs.

Support CFMO (Client Facing Middle Office) in their client space with all delivery related concerns and questions.