Internship - Trade Commodity Finance Back Office

Internship|Jersey City|Banking Operations

Internship - Trade Commodity Finance Back Office

Jersey City, United States Internship Banking Operations

Responsibilities

The TCF Back Office Intern is responsible for the servicing the of corporate and commodity clients with regards to the above products.



The Intern must generate invoices which are for transactions under the current billing cycle.

The Intern must apply funds received for said invoices to close out accruals.

The Intern must make payments to participants under syndicated deals.   

The Intern must generate client reports



They must also efficiently process the above via the Invoicing Tool and allTRA in accordance with industry practices and regulatory guidelines (AML, KYC, OFAC, Anti-Boycott)


The function covers:

  • Invoicing clients via Invoicing Tool

  • Applying Accruals in allTRA (twice monthly)

  • Email Invoices to clients / agents

  • Apply funds received for invoices

  • Monitor past due report and trace for payment

  • Generation and mailing of client activity reports

  • Handle investigations for invoicing / reporting

  • Compile LSA / allTRA vs. LIQ reports for the Team for review

  • Monitor expired items



Primary Applications:

  • allTRA – Trade Finance Bank Office System

  • E3F – Document Repository

  • MonTran

  • Fircosoft

  • Loan IQ



External Clients Relationship:

  • Support the relationships inherent to the transaction, e.g., the applicant (borrower) and the beneficiary; Compliance; Legal; Front and Middle office for the most sensitive or complex deals

  • Effectively support client relationship



 

Behavioral skills:

Developing the business

  • Results orientation: Masters technical skills required for role

  • Client focus: Consistently searches for ways to improve client service



Working Together:

  • Cooperation: Steps forward to provide extra support to team leader and colleagues, when necessary

Profile required

Technical Skills:

Products:

  • Corporate Letter of Credit / Trade Commodity Finance products (as noted above)

IT systems:

Microsoft Office (Word, Excel, Powerpoint)


Profile:


  • Must have Microsoft Outlook skills (Word/Excel/Powerpoint/Access)

Business insight

The TCF Middle Office (TCF/MO) Department provides collateral risk and credit risk monitoring services to the trade commodity finance (GLFI/NAT) Americas client base. The Analyst collaborate with FO, provides input on structure at pre closing and manages the files from the closing initiated by the commercial teams and ensures a close and proactive risk follow-up linked to the transaction during the life of the deal.

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: 20000S52
Entity: SG AMERICAS OPERATIONAL SECURITIES
Starting date: 2021/01/25
Publication date: 2020/12/22
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