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Trainee - Coverage Support- H/F/X

  • Job
    Full-time
    Entry Level
  • Business, Operations & Strategy
  • £0 - £24K
  • London

AI generated summary

  • You need a Master's degree in Finance/Business, English fluency, IT skills, financial institution internship experience, regional economics understanding, credit appraisal skills.
  • You will support Corporate Relationship Managers in managing client relationships, analyzing profitability, monitoring transactions, preparing pitches, ensuring regulatory compliance, and providing market intelligence to drive business growth.

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

  • 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.
  • Assists RMs with new business initiatives, sales pitches, attends conferences / industry events when/if required.

FAQs

What educational background is required for this Trainee - Coverage Support position?

Any of the following educational degrees are preferred: Masters (II) in Finance / Business / Commerce.

Are language skills required for this position?

English communication skills (written and oral) are required. Fluency in French would also be beneficial.

What software skills are necessary for this job?

IT/software literacy is required, including proficiency in word, excel, power points, etc.

What prior experience is recommended for this role?

Prior internship experience in a financial institution in a coverage related environment is recommended.

What skills are important for this role?

Good credit appraisal, analytical, marketing, and research skills are important, along with the ability to interpret financial information.

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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).