Financial Institution - Private Equity, Structured Credit Senior Credit Officer
Responsibilities
- Credit assessment of the counterparty and underlying asset(s) being traded/financed.
- Provide detailed explanation of the counterparty considered, including analysis of historical performance of existing activities, highlight the key risk factors.
- Provide an approval or recommendation for approval based upon the proposed limit(s) and tenor(s) being considered, document recommendation for final decision.
- Validation of Obligor Risk Ratings, Basle II parameters (LGDs), other financial metrics.
- Ongoing monitoring of the credit quality of the portfolio (portfolio review and early detection of deteriorating credits). Participation in the quarterly watch list review process.
- Track credit and market trends on individual asset classes.
- Assist the Portfolio Management and Governance team in the preparation of reporting for RISQ management and Regulators.
- Contribution to Bank’s credit policy guidelines and overall risk appetite.
- Participate in setting the global risk appetite for financing initiatives.
- Assessment of SGCIB new business initiatives (white papers, New Product Committees, business rules, etc.)
Profile required
DIVISION DESCRIPTION:
The Risk Management Department contributes to the sustainable growth of the Societe Generale group through its expertise, understanding of risks, and risk management techniques. The department’s mission is to independently analyze, assess, manage and monitor risk-taking activities with the objective of achieving, together with the first line-of-defense, the best possible outcome for the bank. The department oversees the enterprise, strategic, credit, market, liquidity, operational, model, and other risks of the corporate and investment banking business activities.
RISQ/CIB oversees the management of credit related to corporates, financial institutions and sovereign counterparties as well as country risk for the SG Group's activities.
RISQ/CIB's duties include setting specific credit policies for each of the main businesses in conjunction with General Management, the businesses lines and other RISQ divisions where appropriate. These credit policies establish (i) the general criteria for the acceptability of credit requests for each client category and/or type of facility, and (ii) exposure limits.
Senior counterparty credit risk and lending professional with broad experience approving credit lines, managing exposures, and monitoring collateral performance. You will be reporting into the Financial Institutions Team Head, focusing on Private Equity / Financial Sponsors and their financing needs including BDC’s, capital call facilities, insurance, portfolio financing of Middle Market and Broadly Syndicates Loans, CLO warehouses, Private Equity Fund Financing, NAV financing and associated hedging. You will also be responsible for the review and validation of certain LBO transactions in partnership with the Corporate Team and reporting into the Corporate Team Head on this scope. As part of the Financial Institutions team, you would be expected to progressively build out your knowledge of the broader scope of responsibility including bank and non-bank financial institutions, asset securitization and specialty finance companies.
SKILLS AND QUALIFICATIONS:
Must Have:
- 10+ years with within financial services with a focus on Private Equity and Financial Sponsors and their financing needs.
- Broad knowledge of risks impacting Financial Sponsors and Private Equity specifically with a specific expertise in credit risk.
- Must have good knowledge of the US Market and regulatory practices.
- Must have strong analytical and solid judgment skills with a proven ability to understand complex transactions / processes.
- Demonstrated problem solving ability and capacity to work autonomously.
- Must have a strong ability to manage multiple projects and issues simultaneously.
- Strong collaboration skills required both across the risk division and with other partners such as business lines, legal and compliance teams.
- Results focused, responsive, with strong strategic capabilities in terms of decision making and risk assessment.
- Good English language writing skills, working knowledge of French is a plus.
- Ability to work under pressure and to meet tight deadlines. Effective management of priorities.
- Promoter of innovation and creativity.
Business insight
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/)
D&I:
Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.
Our Diversity & Inclusion Vision:
• Engaged workforce that is demographically diverse in a way that reflects the communities in which we operate
• Inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents
• Engage our community and marketplace, and position the organization to meet the needs of all its clients
For more information about our D&I initiatives, please visit this link (https://americas.societegenerale.com/en/societe-generale-about/diversity-and-inclusion/)
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 & SALARY RANGE:
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.
Societe Generale is an equal opportunity employer, and we are proud to make diversity a strength for our company. We are committed to recognizing and promoting the talents and achievements of our employees and staff, regardless of race, religion, color, national origin, sex, disability, age, gender, sexual orientation, and any other characteristic or status protected under applicable law.