Société Générale Corporate & Investment Bank is a leading player with 12,000 professionals in over 40 countries across Europe, the Americas and Asia-Pacific. SG CIB tailors solutions for issuers and investors by capitalising on its worldwide expertise in investment banking, global finance, and global markets. They have posted an internship position in hedge fund banking on their website.
Summary
• The key purpose of the role is to enhance our hedge fund analysis in anticipation of an increasing amount of business for hedge fund counterparties and structured products.
• The analyst would be part of the London office of a global hedge fund team called Hedge Fund Risk Group. The team in the London office is comprised of three junior analysts, one intermediate level analyst, one senior analyst, one intern, one senior analyst, and the group head.
• This role requires a person with very good experience in dealing with hedge fund risk. In addition, the person should be mature and able to inspire junior analysts through example.
Main Responsibilities
• Performing hedge fund due diligence, which includes reading documentation, analyzing performance and risk data, performing background checks, setting up meetings, attending on-site due diligence, and drafting well-written, cogent, due diligence documents.
• Assist in opening on transactions.
• Assist in negotiating terms of legal documents.
• Assist in monitoring hedge fund related exposures.
Key responsibilities will be:
1. Maintaining up to date risk information on a portfolio of hedge funds. This portfolio will be assigned to the analyst.
2. Monitoring risk exposures on designated portfolio.
3. Enforcing risk policy. This means the analyst will follow procedures for limit breaches, will set limits according to defined risk appetites, and assist in approving/declining transactions.
4. Performing our group’s procedures designed to mitigate against losses in the event that a hedge fund defaults.
• Nobody will report into this role.
Degree of Autonomy
• The analyst will have autonomy over the setting of credit limits and the approval of certain types of trades.
• In addition, the independent opinions of the analyst will be accounted for in a wide array of difficult, complex, hedge fund risk issues.
Internal & External Contacts
• Key FO Relationships: Salespersons, marketers, structurers, and traders.
• Other Key Relationships: Legal team, collateral management, risk quants, market risk managers.
• Key external Relationships: Hedge Fund portfolio managers, risk managers, Chief Operations Officers, and so forth.
• The analyst will be in contact with all aforementioned relationships on a daily basis.
Specific Context
• Majority of meetings would be in London but role would include travel to the continent.
• specificity of markets covered / relative position of SG within those markets
• The person should be comfortable interacting with internal colleagues and external clients from different cultural backgrounds.
• The ideal candidate needs to be flexible in terms of travelling and working out of office hours where appropriate.
CANDIDATE PROFILE
Education
• Undergraduate degree from good university in finance, economics, business, or any technical field.
• Post Graduate degree helpful, but not necessary.
Past Experience
• Experience in Hedge Fund credit or Investment Risktype & level required for the role
• Experience reading and understanding detailed covenants and clauses in legal documentation such as term sheets, ISDAs, prospectuses etc.
Languages
• Fluent English
• Fluent French desirable.
Technical Skills
• Good knowledge of hedge fund industry in Europe, including knowledge of the main hedge funds and the products they trade.
• Some knowledge of hedge fund structured products, including CPPI, leveraged facilities, options on hedge funds, and prepaid forward transactions.
• Intermediate analytical/statistics skills; the person should understand means, standard deviations, correlation, normal distributions, sampling error, and basic performance statistics for the fund industry.
• Intermediate to advance Excel, PowerPoint, and Word skills highly desirable.
General Competencies
• Operational Skills
• Communication Skills
• Flexibility - Adaptability
• Ability to make Decisions
• Ability to Work Under Pressure
• Analytical Skills
• Initiative
• Teamwork
Personal Abilities
• Articulate orally and in written form.
• Be comfortable meeting with very experienced hedge fund managers in person, be presentable, and be respectful.
• In addition to General Competencies
Information for Direct Applicants
# For applicants responding to an internet advertisement rather than being submitted by an agency - if you experience difficulties in applying for this position, please email your application to THIS EMAIL
# Please include the position title in the subject line of your covering email.
# Please note that whilst we endeavour to reply to all applicants, due to the high volume of applications received to this address, only successful individuals will be contacted.
If you have problem finding the email, please CLICK HERE to read the full internship
