
Societe Generale
New york, NY
Société Générale is a universal bank. The Group consists of three main pillars backed by two business lines. Société Générale is often nicknamed SocGen in the international financial world.
Société Générale's three pillars, at the heart of the development of its relationship banking model, are:
- Retail Banking in France (Société Générale, Crédit du Nord and Boursorama)
- International Banking and Financial Services (IBFS)
- Corporate and Investment Banking (SG CIB), with investment banking and fixed income, structured financing, debt and forex activities on the one side, and equity and consulting activities on the other.
The development of these three pillars is backed by two other core activities, namely:
- Specialised Financial Services & Insurance
- Private Banking, Global Investment Management & Services
Job Specifications
Location
New York
Published
5 days ago
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V.I.E. Banks Coverage NY
ResponsibilitiesFIG Coverage within Societe Generale Corporate & Investment Banking (“SGCIB”) is responsible for managing the Bank’s global business relationships with large financial institutions. The role you are applying to is in New York on the Banks Coverage team. Currently, there are about 35 clients within the Banks portfolio.Bankers in FIG Coverage provide business lines within SGCIB and outside of SGCIB with access to client deal flow and assist in cross-selling all Societe Generale key global products. This is accomplished through client meetings with bank counterparts and business lines to pitch new business. Our goal is to develop business in accordance to Societe Generale’s high standards of marginal income, healthy returns and superior quality that meet the Bank's after-tax returns.The business lines within SGCIB include: Corporate Credit, Mergers & Acquisitions, Strategic Acquisition Finance, Equity Capital Markets (Public Issues and Private Placements, Share Repurchase), Strategic Equity Transactions (Structured Share Repurchase, hedging of equity exposures), Debt Capital Markets (Public Issues and Private Placements, High Yield when appropriate), Project Finance, Asset Finance, Export Finance, Securitization, Foreign Exchange hedging, Interest Rate and Commodity exposures, Credit Ratings Advisory, Loan Syndications, Deposits and other investments, Equity and Fixed Income Financing, and Pension Fund investments, Transaction banking (USD deposits, cahs clearing, Trade Finance, Receivables Finance). SG product teams based outside of SGCIB include local banking services (loans, cash management, hedging, etc.) through the French and International network of local banks, Treasury/Liquidity & Cash Management, Vehicle Fleet Leasing and Management, and Securities Services.Tasks and responsibilities:Commercial Support:Preparation of Client Meetings Briefing memos and Call reportsPitch presentations (slide creation and binding)Pre-Screening / Support Memos (business cases and client profitability analysis)Interaction with business line product specialists on specific client initiativesTracking of live deal and pitch communication for current and prospective clientsProduction of a quarterly thoughts pieceClient profile developmentSpecial sector studies as neededCompliance/KYC:Coordination of periodic Know Your Client reviewsCoordination of reverse KYC on SG for our clientsCredit:Support to the Annual Reviews process (business comments, risk fraud forms)Financial perfomance monitoring:Yearly budget, periodic income forecast, income correction campaigns on the portfolioProfitability analysis (advanced Excel modeling) for prospective transactionsVarious internal reports and operational Coverage team supportSome potential ad hoc modeling (Three-statement, Discounted Cashflow, Merger, Consolidation)A questionnaire will be provided to you in order to check your VIE (Société Générale and Business France) eligibility. For an efficient analysis of your application, please make sure to truthfully answer all the questions. Please note that it is mandatory to provide us a formal proof of your M2 diploma validation before the assignment start date. No VIE mission will start without this document. *Grade sheets are not accepted as justification of diploma.Profile requiredPLEASE NOTE that since this program is primarily an international development program, candidates cannot apply to a VIE assignment in their own country of citizenship.To facilitate the examination of your application by our English-speaking managers, we thank you for applying in English.Studies & experience:Graduate with a Master’s degreeBroad profiles will be considered.Experience in the Financial Industry or in a client facing role is a plus, but not a pre-requisite.Language skills:A high level of fluency in the English languageTechnical, operational & Soft skills:Excellent analytical skillsProficiency with Excel and PowerPoint is requiredOrganizational skillsAbility to work in a high stress environmentFirst class marketing skillsThe position requires a self-confident person who is a self-starter; highly motivated and reliable, well organized, has a strong team spirit, and excellent attention to detailStrong written and oral communication skills.Ability to complete accurate work under significant pressure.Awareness of and experience in working with people with international backgrounds is a plus.Accurately prioritizing tasks and managing competing deadlines.Interest in the bank sectorThe VIE assignment in a nutshellThis VIE in New York is to begin as soon as possible, but you need to plan 3 months between your application date and the beginning of your VIE assignment. It will last 18 months.The VIE is a specific contract, under Business France’s eligibility criteria, opened to candidates under 28 and from the member states of the European Economic Space. For further information (including your financial indemnities), please see Mon VIE-VIA Business France.Why join usAs soon as you arrive, you will be integrated into our teams and will learn every day alongside our experts, who will support you in your tasks. Gradually, you will become more independent in your projects, making this experience a real career accelerator. You will also discover all the diversity of our businesses, in a sector that is constantly evolving and innovating.At the end of your VIE, various opportunities could be offered to you, in Belgium and abroad.Business insightAt Societe Generale, we are convinced that people are drivers of change, and that the world of tomorrow will be shaped by all their initiatives, from the smallest to the most ambitious.Whether you’re joining us for a period of months, years or your entire career, together we can have a positive impact on the future. Creating, daring, innovating and taking action are part of our DNA.If you too want to be directly involved, grow in a stimulating and caring environment, feel useful on a daily basis and develop or strengthen your expertise, you will feel right at home with us!Still hesitating?You should know that our employees can dedicate several days per year to solidarity actions during their working hours, including sponsoring people struggling with their orientation or professional integration, participating in the financial education of young apprentices, and sharing their skills with charities. There are many ways to get involved.