Investment Banking Associate - ABS Structuring

Permanent contract|New York|Corporate & Investment banking

Investment Banking Associate - ABS Structuring

  • New York, United States
  • Permanent contract
  • Corporate & Investment banking

Responsibilities

SG’s Asset Backed Securitization team works with new and existing clients to provide creative financial solutions utilizing the fixed income capital markets through new issuance securitization. The structuring and analytics position requires a deep understanding of the various portfolio collateral characteristics of consumer, corporate and operational assets, such as automobiles loans and leases, small and large ticket equipment, consumer loans, commercial real estate, and other esoteric asset types such as aircraft leases, solar power, railcar, datacenters and others:
 
The structuring position is technical in nature and requires manipulating large data sets along with the design, development, maintenance and use of complex spreadsheet and Intex cash flow models for structured finance transactions to provide:

  • New issue securitization capital structures proposals
  • Rating agency stress scenarios for achieving bond ratings for new issuance
  • Credit analysis for credit committee and risk approvals.
  • Bond analytics and calculations for various investor disclosures, including pitchbooks, dealer roadshows, preliminary and final offering memoranda
  • Investor access during the marketing and pricing phase of primary securities offerings
  • Pricing tie-out in a joint lead role for ABS offerings

Specifically, the role entails:

  • Performing cashflow modeling and structuring analysis using both Excel and Intex for various asset class types for SG’s ABS and CMBS banking platforms
  • Structuring ABS transactions and provide analytics that are detailed, accurate, clear, concise and consistent with deal documentation
  • Meeting timely execution of requests from banking team, clients, and others
  • Demonstrating ability to willingly take direction from banking team, immediate supervisors and others and to respond appropriately
  • Providing clear detailed communication on work products that is supported primarily by analysis, cash flow results and quantitative metrics
  • Creating stratification data tables using Excel and/or CAS
     

Profile required

DIVISION DESCRIPTION: 
Global Banking and Advisory (GLBA) combines recognized wholesale coverage with world-class product, financing, and advisory expertise within one team, enabling us to best support our clients. On the one hand, our transversal, product-neutral coverage teams span all businesses to promote the bank's products and services to our clients globally, and on the other, we provide world-class capital raising, financing and advisory expertise.

SKILLS AND QUALIFICATIONS:

  • Proactive problem-solving abilities
  • Strong written and verbal communication skills
  • Ability to work both independently as well as collaborate with team members
  • Strong proficiency and technical skill in using Excel (including VBA), Intex (cdi programming language), Bloomberg.
  • Understanding of financial functions, cashflow modeling and “bond math”, including forecasting of prepayments, defaults
  • Ability to understand industry concepts, including net present value, YSOC, risk retention, priority of payments, , breakeven analysis, decrement tables, legal final maturities, residual valuation, rating agency methodologies, deal surveillance, prepayment and default forecasting.
  • CAS, Python, Microsoft Access. SQL, cdi programming language
  • Series 79 & 63.

Must Have:

  • General/Technical Skills: Excel (VBA), Intex (cdi programming language), Strong written and verbal communication skills
  • 5-8 years of experience  
  • Undergraduate degree in Finance, Mathematics or Engineering
  • Language(s) English

Nice to Have:

  • CAS, Python, Access, SQL, cdi                  
  • MS in Finance, MBA
  • French

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.

Reference: 24000EJ0
Entity: SG Americas Securities
Starting date: 2024/07/29
Publication date: 2024/07/15
Salary or Compensation Range: $104,000 - $200,000
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