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Trainee - Asset Backed Product- H/F/X

  • Job
    Full-time
    Entry & Junior Level
  • Product
  • London

Requirements

  • Technical:
  • Ability to gather an understanding of capital markets, their dynamics and the related instruments, including credit (cash and derivatives) to propose relevant capital markets solutions, with a particular focus on ABP products, markets, and regulations
  • Gather quantitative expertise: data analysis, cash-flow modelling, tranching modelling by developing expertise on the related models (underlying assumptions, tools, outcome anticipation...)
  • Provide analytical and computer skills (Excel, Bloomberg, in particular)
  • Ability to search adequate information on various information channels about clients, markets or topics, and deliver concise and clear memos
  • Capacity to generate consistent pitch material that is clear, structured, compelling, and comprehensive in addressing clients’ needs
  • Responsibility – ability to understand risks (conduct, reputational, financial, etc.) for ABP, GLFI, and SG Group, and ability to act responsibly in line with SG Group Values, Code of Conduct, and other applicable rules & regulations
  • Behavioural:
  • Client orientation – ability to contribute to the team’s efforts in building and maintaining trusted client relationships
  • Client orientation – consistency and rigour in following up on clients’ needs and act upon team’s priorities
  • Client orientation – demonstrate initiative and team collaboration to develop business adapted to clients’ and markets’ needs
  • Innovation – commitment to contribute to the team’s efforts in the development of new client base, advisory, and products
  • Team spirit – ability to work with people with diverse, international backgrounds, anticipate needs and act upon team’s priorities
  • Commitment – ability to prioritise tasks and to manage competing deadlines, and to deliver on team’s priorities
  • Communication skills – including language skills (as relevant)
  • Educational:
  • The ideal candidate will hold a degree or equivalent in Business/Finance or a Science-related subject at minimum 2:1
  • Excellent level of written and spoken English essential; fluency in French / Spanish is a plus
  • Knowledge of securitisation gained through an internship or similar is advantageous

Responsibilities

  • Product knowledge: get knowledge of ABP product offers, conduct market intelligence, review benchmark/comparable transactions when applicable
  • Appropriate and run internal models in particular for internal credit rating, WAL calculation (e.g. B3S, WAL models)
  • Contribute to the Due Diligence: review of data packs, contribution to Due Diligence questionnaire, participation to Due Diligence on site visit, contribution to due diligence report
  • Prepare transaction documents (e.g. internal memos, working party lists, schedules, credit applications and any other memorandum required for the transaction internal approval or renewal)
  • Transaction monitoring: prepare monitoring spreadsheet for handover to middle office, monitor transaction performance, prepare renewal credit application
  • Appropriate BL activities, internal guidelines/procedures/policies, including CORISQ guidelines, compliance policies, credit procedures
  • Contribute to commercial pitches for UK and European clients: marketing materials, answers to Requests for Proposal providing requested datas / financial elements and drafting. Doing market overview, data collecting and analysis, contribution to documents
  • When working on securitisation execution, participate to and/or develop cash-flow and rating agencies models, and provide with portfolio analysis (stratification tables, historical performance)
  • Day to day relationships and coordination with internal parties (e.g. risk, legal, KYC teams, compliance, middle-office, syndicate) and external ones (e.g. clients, rating agencies, lawyers, auditors, corporate servicers/trustees or other third parties)

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Employees

Mission & Purpose

Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth. Committed to the positive transformations of the world’s societies and economies, Societe Generale and its teams seek to build, day after day, together with its clients, a better and sustainable future through responsible and innovative financial solutions. Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Societe Generale has over 117,000 members of staff in 66 countries and supports on a daily basis 25 million individual clients, businesses and institutional investors around the world by offering a wide range of advisory services and tailored financial solutions. The Group is built on three complementary core businesses: - French Retail Banking which encompasses the SG and Boursorama brands. Each offers a full range of financial services with omnichannel products at the cutting edge of digital innovation; - International Retail Banking, Insurance and Financial Services, with networks in Africa, Central and Eastern Europe and specialised businesses that are leaders in their markets; - Global Banking and Investor Solutions, which offers recognised expertise, key international locations and integrated solutions. Societe Generale is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).