
Securities Prime Brokerage Sales/Trader
Job description
Prime Brokerage Securities Financing:
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Provide short coverage and long financing on securities to Prime clients;
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Develop tool for monitoring financing Trading opportunities while monitoring cost of financing via different structures leveraging on P&L analytics, client reports and SG APIs.
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Develop tool for anticipating Short Coverage against client locate ratios and internalization metrics while maintaining a profitable book
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Focus on Funding of the Equity PB activity, especially Term Commitments
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Provide financing solutions to Prime clients on specific assets/situations while optimizing liquidity binding constraints (ILST) of the US broker dealer;
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Work closely with other teams to build interactions and synergies on secured financing;
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Develop strategies in order to increase a book of business in a sustainable way for target diversified and recurring revenue;
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Optimize the global book position and the scarce resources (mainly cash consumption, liquidity ratios, balance sheet) including:
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Work on innovative solutions to service the business, pledge structure analysis and use client reports to find potential netting patterns or propose solution to improve the profitability.
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Manage the day-to-day risk, position management, risks follow-up and Profit & Loss (PNL) explanation.
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Maintain understanding of financial markets, competitors, and clients to develop own trading position; and
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Maintain up to date intelligence on market initiatives and products in the trading environment.
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Drive and support enhancing IT development of tools and systems to develop SG’s trading capability and efficiency (e.g. automation, pricing engines, development of analytical tools and new hedging as applicable);
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Ensure adherence to trading risks (DV01, VaR, stress testing) in collaboration with the Risk management department;
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Evaluate and analyze market conditions, regulations and financial information to identify investment opportunities;
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Understanding and backup of CCM activity would be a plus (Clearing Collateral Management):
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Optimize customer cash and non-cash collateral across external and internal counterparties, fixed income reverse repo trading, CCPs, banks and carrying brokers with expectations to meet performance targets;
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Manage borrowings from Treasury including optimizing placements / investments and returns;
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Execute forex hedging to support single currency margining product;