What are the responsibilities and job description for the Operations and Fees Specialist, Vice President - Banking operations processing - Chicago, Illinois, United States position at Societe Generale?
Responsibilities
Societe Generale is a large global Retail and Investment Bank. We are present in all major markets with close to 10,000 staff in 34 countries - anchored in Europe (EMEA) and playing to our strengths in the Americas and Asia-Pacific. We support the economy by playing a key intermediary role, offering broad market access to issuers and smart investment solutions to investors. We service our corporate and financial institutions clients through three main activities (investment banking, financing and markets) with worldwide leading expertise in equity derivatives and natural resources financing, euro rates and structured products. What differentiates us with our clients is a powerful engineering expertise and the quality of our product franchise
In support of the Corporate and Investment Banking activity, the GBTO / EQD / LRD Reconciliation Department monitors exchange trade break reconciliations as well as the allocation of fees, cash and general ledger items for Operations to ensure timely reconciliation, analysis and resolution. The Reconciliation department works closely with GSC Operations, Settlement Operations, Middle Office, Accounting and Corporate Reporting.
Day-to-Day Responsibilities :
- Oversee and validate offshored processes related to fees, and general ledger for various systems
- Oversee and validate offshored processes related to exchange trade and point reconciliations as well as Intercompany and 3rd Party recs.
- Address Ad Hoc trade reconciliation questions from Client Facing Team
- Produce reconciliations in relation to exchange fee processes
- Train and provide guidance to operations offshore teams
- Knowledge of Listed derivatives products
- Cover all flows for Equity option exchange fee / broker charges, and 3rd party broker payments
- Reconcile General ledger balances
- Monitor activity and communication with external and internal parties
- Ensure that policies, procedures, best practices, mission and objectives set by management are adhered to on daily discharge of duties.
- The proven ability to constructively propose and to execute process chang
- Work as part of various project groups designed to improve controls and efficiency
- Identify areas for improvement & work with management to implement recommended change
- Partner with Corporate Reporting to ensure that our Regulatory Filings are accurate
- Ad-hoc duties that may be assigned by management
Profile required
Technical Skills :
Competencies :
Qualifications : Experience Needed :
Educational Requirements :
Why join usBusiness insight
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.
For more information about our Culture and Conduct initiatives, please visit this link (https : / / americas.societegenerale.com / en / careers / get-know-culture / )
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.
Our Diversity & Inclusion Vision :
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 :
For most positions, 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.
COMPENSATION & SALARY RANGE :
Base salary range does not include overtime pay, bonus and / or other benefits, where applicable. Actual base salary offer will vary based on skills and experience. The role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, Medical / Dental / Vision, and other benefits for fertility, wellness, student loans and commuters.
