Internship - Deal Closer and Trade Support

Internship|Jersey City|Banking operations processing

Internship - Deal Closer and Trade Support

Jersey City, United States Internship Banking operations processing


Accountable for managing a portfolio of deals via the booking of credit facilities (Agency, Participations, and Bi-laterals); ensuring timely and accurate deal close as prescribed by contractual agreement.  Specific staff functions to be monitored include:

Review of credit application/approval and loan documentation in preparation for loan closings to ensure proper loan documentation for all facilities reflecting structure of deal as presented in credit application

Ensure compliance with credit approval and bank credit policy

Interaction with Loan Officers, Operations, customers, other banks, &/or legal counsel to gather all pertinent information in advance of loan closings

Set up and maintenance of customer, deal, and facility information in LIQ – ensure accuracy of system information (accurately reflects structure of deal)

Coordinate initial funding requirements including verification of standard settlement instructions (SSI).

Manage the settlement process for par and distressed loan trades

Experience in drafting trading documentation manually (trade confirmations, assignment agreements, funding memos, purchase and sale agreements, netting agreements, multilateral netting agreements and accession agreements.

Knowledge of the Clearpar platform

Experience in primary, secondary and third party trade settlement

Management of on-going covenants and compliance (collateral, document tracking, etc.); Update covenant compliance requirements as documents are received; prepare and distribute Covenant compliance reports..

Management and application of fees (upfront fees, agency fees, commitment fees, and facility fees) based on information provided by BU and accounting policy.

Management of the loan sales and trading activity (primary and secondary); processing of assignments and trade confirmations; calculation of delayed compensation; posting and retrieval of documents to IntraLinks and DebtDomain; and interaction with KYC groups.

Ensure data quality; review, investigate and resolve all anomalies.

Complete special projects as assigned.

Profile required

Technical Skills

Required/Must have:

  • Hands-on experience with the LoanIQ application in a Closer role capacity.
  • Demonstrated skills in PAR trading activity.  


Credit Risk background helpful; Basel 2/RWA experiences also a plus


   Required/Must have:

Flexibility in working assignments between deal close and loan trading responsibilities

Strong capability to act as a change agent

Rigorous attention to detail with a control oriented mindset

Strong organizational skills and ability to multi-task with minimal follow-up

Self-confidence and ambition for growth



Effective writing and project management skills


Required/Must have:

    Minimum 5 - 7 years overall commercial lending experience
     Extensive Credit documentation knowledge

2-3 years exposure in Loan Sales and Trading

Deal amendments processing

Collateral management



    Six Sigma Certification

Business insight

The Loan Servicing Group is in charge of the booking and administration of commercial lending products for the New York branch of SOCIETE GENERALE. The department is comprised of 2 main groups:  the Deal Closing team, responsible for the initial deals setup and any subsequent changes to the deal structure and the Loan Sales and Trading Team, responsible for the processing of primary and secondary trades.  This job requisition concerns a deal closer who also has experience in supporting the trading activity.

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, 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: 220000BW
Starting date: 2022/02/07
Publication date: 2022/01/05