Credit Support Officer

Permanent contract|London|Corporate and Investment Banking

Credit Support Officer

London, United Kingdom Permanent contract Corporate and Investment Banking

Responsibilities

Description of the Business Line or Department

The  Credit team (“GLBA/CRE”) is the team responsible for all aspects of counterparty Credit analysis within  Credit Group (“CRE”). It prepares credit applications on behalf of the primary client relationship unit (“PCRU”) seeking internal approval for the Bank’s exposure to EMEA’s GBIS counterparties.   

The role is wide in scope involving UK banks and brokers, NBFI (Non-Banking Financial Institutions) and corporates.  This involves counterparties comprising private and publicly quoted corporations, regulated and unregulated funds, pension funds, private equity, insurance and re-insurance groups and other non-bank credit institutions; On the corporate side, these largely consist of but not limited to Nordic, UK and Irish clients or subsidiaries of international clients while NBFI is counterparties from the EMEA region excluding France.  

The main objectives of the CAD team is to provide support to the head of GLBAI/CAD London including the credit analysts and management reporting.

Summary of the key purposes of the role

Credit Administration Support Officer reporting directly into the Head of GLBA/CAD London who reports into the head of GLBA/CRE London.

In summary the support role is to assist the credit analysts with credit administration tasks and ensuring credit are booked correctly.

The main activities within the role includes;

Instructing booking of credit limits.
Ensure credit files are signed off correctly against credit delegation.
Ensuring CRE follows compliance guidelines to manage risks appropriately and that issues are raised and followed up with the head of CRE London and the appropriate teams.

Reconciling monthly excess report.
Management reporting.

Summary of responsibilities 

Ensure credit files progress through the approval chain in the optimal manner in the credit workflow tool.
Ensure correct sign off for each credit request through checking relevant delegation authorities.
Liaise with PAR/MARK/REQUESTRENEW for limit input. All the DAI and SPM references for the purposes of entering limits and ratings respectively to be located and recorded.
 Complete post approval procedures ensuring the routine slip register is followed through successfully.

Providing back-up on UK brokers & banks credit support.
 Raise any client BDR profile/structure issues relating to individual counterparties.
 Maintain the Annual Review list.
 Investigate excesses recorded on the monthly excess report.
 Manage certain reporting including the FIG monthly statistics report and the Weekly Deal Flow Report.
 Booking travel arrangements, expense claims and ad hoc stationary orders.
 Participate in CRE projects and any departmental Powerpoint presentations.
Complete derogatory limit spreadsheet on a quarterly basis.
Instruct Bangalore to make any static data amendments to the banks client referential systems.

Management of FIG/CRE Shared Inbox.

Managing grouping structures and PCRU changes in RCT client referential tool. 

Allocating credit files to analysts in both DCCIT and IDCE credit risk approval tool.

Provide holiday cover to the Head of GLBA/CAD.

Profile required

Competencies  

Able to contribute positively to team processes and tasks
Able to step forward to provide extra support to team leader and colleagues when necessary
Able to take on new duties/tasks with ease

Able to work cooperatively with people from different backgrounds
Able to follow and adhere to compliance procedures, including e.g. personal account dealing procedures, whistle blowing, etc ansg  .

Able to monitor personal conduct risk on a daily basis.

Knowledge of investment banking products 

Knowledge of measurement of credit risks

Excellent organization skills. 

Skills in Excel, Powerpoint and Word   

Why join us

People join for the impact they can have on us. They stay for the impact we have on them. A flatter structure offers visibility and exposure beyond that of our competitors, so you know our names, and we know yours. It's personable, human, and inspires success through passion. By encouraging open mindedness and a willingness to share ideas, we have adapted to market changes and thrived through innovation. Bringing words like “hard work” and “dedication” together with “community” and “respect” has enabled us to work collaboratively and build our future together. We call this Team Spirit and it's what makes us different. It's what makes you different.

Business insight

If you feel you have the required experience and qualifications, then please apply to the SG Resourcing Team, and we will manage your application. At Société Générale, we believe our people are our strength and are core to the success of our business. As such, we search for, recruit and appoint the best available person on the basis of aptitude and ability, regardless of sex, marital or civil partnership status, race, colour, nationality, ethnic or national origins, pregnancy, disability, age, sexual orientation, religion, belief or gender reassignment.

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 21000AA2
Entity: SG CIB
Starting date: 2021/05/16
Publication date: 2021/04/01
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