Trainee - Coverage Support- H/F/X

Societe Generale

Jul 1, 2024

Applications are closed

Job
Full-time
Entry Level
Banking & Finance
London

Requirements

Any of the following educational degrees: Masters (II) in Finance / Business/ Commerce.
English communication skills (written and oral); fluency in French would also be of benefit.
IT/software literacy: word, excel, power points, etc...
Internship/s in a financial institution in a coverage related environment
A good understanding of the general, economic, political and business environment of the region.
Good credit appraisal, analytical, marketing and research skills, with the ability to interpret financial information.

Responsibilities

Management of loan transactions & Analytical and reporting support:
Calculation of profitability and equity consumption for all types of financing transactions and for vanilla senior unsecured financing in particular.
Review, with the support of internal lawyers and other functional experts, of the legal documentation (Facility Agreement, NDA, etc...) in accordance with internal guidelines.
Supervision of the implementation of new loan transactions done by Middle-Office & Quarterly review of RWA of loans.
Reporting and control of revenues (NBI –Net Banking Income) and profitability made by the bank with the clients of the portfolio, including periodical review and correction of data from internal reporting systems, and ad hoc profitability analysis.
Update and maintenance of the bank’s internal client database for the client of the portfolio, including initiating creation of new entities with KYC.
To liaise with client or Agent to ensure submission of audited financial statements, management accounts, compliance certificate and all other information/documents required.
Support Coverage Corporate Relationship Managers for the UK:
Working closely and assisting Corporate & Financial Institutions RMs with building the client’s relationship by promoting the whole of products and services offered by SGCIB and the Group. (Including IB products, Structured financing, Advisory, Risk management solutions, Capital Market, trade finance, etc...)
Closely work with the RMs and Business Lines from the origination & provide support in pitch preparation and RfP responses.
Closely work with the credit team in managing and understanding the credit risk associated with the portfolio & new prospects and ensuring high credit quality of the portfolio.
Follow-up on client transactions, marketing plans, participation to the definition of objectives and reporting of client activity to management. Participation to the banks business initiatives: Client Budget; Half-yearly & yearly Business Reviews; Country limit exercise; Shared Goals exercise.
Write relationship memos and pitching documents on clients: Briefing Memos for Senior Management’s visits to clients, relationship rationale for credit applications.
Provide Relationship Managers with client data and market intelligence (client organisation, geographical presence, market and industry positioning, strategy, latest financial reports and press review, etc...).
Ensuring the business and clients complies with SGCIB standards and local DFSA regulations including KYC and sanction guidelines.

FAQs

What is the main purpose of the Trainee - Coverage Support role?**

The main purpose of the Trainee - Coverage Support role is to provide daily commercial support to Relationship Managers and Senior Bankers in London, focusing on large corporate clients in the UK. This includes managing client relationships, ensuring compliance with the bank’s procedures, and liaising with various SG entities to support the bank's activities on the Client Portfolio. **Question: What are the key responsibilities associated with this position?** **Answer:** Key responsibilities include managing loan transactions, providing analytical and reporting support, reviewing legal documentation, supervising the implementation of new loan transactions, reporting and controlling revenues, updating internal client databases, liaising with clients for necessary documentation, and assisting Relationship Managers with new business initiatives and client relationship building. **Question: What educational background is preferred for this role?** **Answer:** The preferred educational background for this role includes a Masters (II) in Finance, Business, or Commerce. **Question: Are there any language requirements for this job?** **Answer:** Yes, fluency in English (both written and oral) is required, and fluency in French is considered a benefit. **Question: What prior experience is beneficial for applicants?** **Answer:** Internship experience in a financial institution in a coverage-related environment is beneficial for applicants. **Question: What skills are important for success in this role?** **Answer:** Important skills for success in this role include good credit appraisal, analytical, marketing, and research skills, as well as the ability to interpret financial information. **Question: How does Société Générale support diversity and inclusion within the company?** **Answer:** Société Générale is committed to being an equal opportunities employer and promotes diversity as a strength for the company. They aim to recognize and promote all talents regardless of various characteristics that could be subject to discrimination, such as sex, age, disability, ethnic origin, and more. **Question: What opportunities for growth does this role offer?** **Answer:** This role offers opportunities for visibility and exposure within the organization, the chance to work closely with experienced professionals, and the ability to contribute to significant business initiatives, all of which can lead to professional growth and career advancement. **Question: How should candidates apply for this position?** **Answer:** Candidates who feel they have the required experience and qualifications should apply to the SG Resourcing Team, who will manage their application process.

Societe Generale

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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).