Distribution and Credit Solutions Coverage Attorney
Responsibilities
The attorney desired will provide legal and transactional advice and counsel to clients in SG’s U.S. offices in connection with the capital markets, securitization and structured finance activities of the Distribution and Credit Solutions business lines within the Global Banking and Advisory (GLBA) business in the U.S. Product coverage will include asset-backed securitizations and structured finance products, including collateralized loan obligations (CLOs) and asset-based lending, warehouse financing and table funding arrangements, and other structured and asset-backed products (ABCP, CMBS, ABS). Will provide secondary coverage to lending, finance, and investment banking/advisory businesses covered by the team. Will draft, review and negotiate all manner of transaction agreements and offering documentation and provide advice and counseling on documentation, transaction structuring and negotiation. Will draft, implement and maintain legal and compliance policies and procedures. Will advise and support clients in new product development. Will advise on legal and regulatory changes and other developments affecting covered products and businesses. Will develop and maintain form documentation for various business activities and provide training and educational support to clients. Will work closely with credit risk, tax, accounting, compliance and other control functions in connection with active transactions and coordinate and work with business lines in other SG offices in connection with U.S. legal matters. Will coordinate and supervise activities of external counsel.
Profile required
DIVISION DESCRIPTION:
The mission of the Legal Department is to protect Societe Generale from legal, regulatory, reputational, and other risks, while at the same time assisting the business units in the achievement of their legitimate business interests by providing effective and quality legal services and advice, drafting and reviewing legal documentation and ensuring that business is conducted in compliance with relevant laws and regulations. The Legal Department is also responsible for (a) overseeing litigation, enforcement actions and investigations; (b) promoting strong and ethical legal culture within the Americas; and (c) identifying and mitigating legal risk arising. The members of the Canadian Legal Department work closely with the American Legal Department as we form the Americas Legal Group, and thereby collaborate on regional projects and strive to align on key principles, policies and procedures, and on cross-border business transactions and activities.
SKILLS AND QUALIFICATIONS:
TECHNICAL SKILLS
Required/Must have:
• At least 4 years of broad-based professional U.S. legal experience, with strong experience drafting and reviewing sophisticated securitization and structured finance documentation, including loan agreements, repos, CLOs, purchase and pooling agreements, servicing agreements, bond indentures, and engagement and offering documentation. Solid background in U.S. banking and securities regulations, Dodd-Frank, U.S. and EU risk retention framework, and Volcker as applied to these product categories. Familiarity with cross-border/multi-jurisdictional structures and issues.
Desired/Plus:
• An understanding of the core businesses of SG Americas covered by the Global Banking and Advisory legal team, especially commercial lending, asset-based lending and related bank and other regulatory issues. Expertise/experience with UCC and U.S. bankruptcy regime and background in U.S. secured transactions regulations and documentation. Derivatives (e.g. total return swaps, credit default swaps) and structured repo experience. Familiarity with middle-market leveraged loans, capital call facilities, and real estate lending documentation.
COMPETENCIES
Required/Must have:
• Diligent work ethic and positive attitude
• Highly intelligent, capable and responsible
• Excellent written and oral communication and advocacy skills
• Flexible and creative personality, adaptable to changing business and product mix
• Seasoned business and legal judgment
• Ability to balance commercial needs while protecting the interests of the bank
• Ability to exert influence and persuade others
• Ability to take a position even in absence of broad-based support
• Ability to prioritize tasks and effectively respond to and service demanding clients
• Ability and willingness to learn new and unfamiliar areas of law and business
• Ability to communicate complex legal concepts in a commercially accessible manner
• Fluency in English and significant prior experience in legal drafting in English
• Major US law firm experience with specialized focus on securitization and structured finance.
EDUCATION
Required/Must have:
• Active Member, New York State Bar
• Law degree from a well-regarded U.S. law school (or foreign equivalent)
• Undergraduate degree from a well-regarded 4-year college/university
Business insight
Societe Generale is committed to offering an inclusive recruitment experience to all candidates. If you require any reasonable accommodations during the recruitment process, please do not hesitate to let our Recruiters know.
OUR CULTURE:
At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate. For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)
DIVERSITY, INCLUSION & BELONGING (“DIB”):
Our DIB Mission: Recruit, develop, retain and advance a talented workforce that is united in our efforts to leverage our talent and further develop an inclusive environment that will enhance our competitive position and deliver innovative solutions to our clients. It seeks to foster an environment where employee differences are valued and where all employees feel engaged, supported, respected, and informed. For more information about our DIB initiatives, please visit this link: https://americas.societegenerale.com/en/careers/get-know-diversity/
HYBRID WORK ENVIRONMENT:
Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols. Hybrid work arrangements vary based on business area. The applicable business lines will determine and communicate the work arrangements that best meet their business needs.
COMPENSATION:
Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience. The role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, medical/dental/vision, and other benefits for fertility, wellness, student loans and commuters.