INTERNSHIP - Trade Commodity Finance Back Office

Internship|New York|Banking operations processing

INTERNSHIP - Trade Commodity Finance Back Office

New York, United States Internship Banking operations processing

Responsibilities

Base Salary Range: [$58,200 - $68,600] 
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 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

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.

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.

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: 230001EL
Entity: SG AMERICAS OPERATIONAL SECURITIES
Starting date: 2023/03/27
Publication date: 2023/01/17
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