Trade Commodity Finance Portfolio Associate (Associate)

Permanent contract|New York|Finance

Trade Commodity Finance Portfolio Associate (Associate)

New York, United States Permanent contract Finance

Responsibilities

Base Salary Range: $54,000 - $145,000
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 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. When SG is Agent on deals, analyst has coordination relationship between the Borrower and the Syndicate. Responsibilities include daily monitoring of collateral/financing activity, reconcile credit agreement terms, as well as acting as the day to day interface between the Client, the Front Office and the Back Offices.  TCF/MO monitors and reviews collateral, loans, LCs and payment requests for clients in the energy, agri and metals structure. TCF/MO is also responsible for daily controls of structured financed transactions, predominantly discounted receivables. Each Analyst is responsible for primary and a backup group of clients.

Main responsibilities:

  • Participate in pre-closing & closing phases: Review term sheet with FO to determine acceptable deal structure. Review credit agreement for conformity with term sheet and approvals. Define documentation/monitoring, facility structure feasibility from a credit / risk perspective Analysis, attend pre-closing and post-closing meeting on as needed basis.

  • After closing, is responsible for client processing. This includes loan and collateral activity, plus closing and amendments to facilities. The Analyst is the direct contact to the clients, FO and other banks.

  • Monitor and analyze collateral activities (Borrowing Base, Transactional, Pool, REPO and GSA facilities). Maintain appropriate level of operational risk culture and awareness.

  • Performs covenants monitoring & analysis and Past due follow up: borrowing base report, financial report etc.

  • Performs and participate in periodic risk reviews with RISK department and Business Line: monthly/quarterly meeting to discuss “Borrowing Base” analysis. Prepare notes for the meeting.

  • Knowledge of “commodity & trade finance” and “structured trade finance” and define Borrowing Base and transactional monitoring process as per internal guideline – collateral valuation/eligibility, pre-approved lists monitoring.

  • Maintains the knowledge and technical skills of team members in commodity financing operations.

  • Participate in projects from proposal to implementation. Ensure proper testing, training and implementation of projects.

  • Maintain departmental procedures for scope and accuracy, identifying controls and implementing changes. Be vigilant to possible control issues or concerns.

  • Apply all Group rules and procedures linked to financial crime risks prevention (KYC, AML, Sanctions and Embargo, Anti-boycott) daily while processing operations.

  • Contribute to adapt rules and processes linked to financial crime.

  • Interact with other departments including Front Office, Legal, Compliance, Loan Servicing, LC department, Accounting and Payment department.

Profile required

Competencies

  • Business Support and Client Focus
  • Operational Excellence

Characteristics

  • Strong problem solving, analytical mindset and organizational skills; ability to prioritize and multitask.
  • Ability to work in a dynamic, deadline-focused environment.
  • Strong interpersonal skills.
  • Proactive approach.
  • Ability to work independently with minimal supervision. 
  • Team player. 

Technical Skills

  • Minimum 5+ years experiences in either Banking, Accounting or Auditing 
  • Credit / risk experiences in legal documentation requirement, product liquidity, facility structure / advance rate and financial statement preferred.
  • Good understanding of accounting concepts (Cash, AP, AR, Net, Inventory)
  • Advanced computer skills in Microsoft Office products including MS Project, and Excel, plus collateral management system and LoanIQ.
  • Auditing, Analyzing financial reports and collateral monitoring experience.
  • Special projects and management reporting skills.

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: 230000A1
Entity: SG AMERICAS OPERATIONAL SECURITIES
Starting date: 2023/03/06
Publication date: 2023/01/04
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