Trade Services Front Office Associate

Permanent contract|New York|Retail & online banking

Trade Services Front Office Associate

New York, United States Permanent contract Retail & online banking

Responsibilities

Base Salary Range: $78,000 - $140,000

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.

ORIGINATION & EXECUTION ASSISTANCE

  • Prepare decks to pitch new and existing clients.
  • Assist on the transaction approval process, by analyzing prospective profitability (RARORC) and preparing the business memo to describe deal.
  • Partner with client onboarding: KYC, compliance, legal, and credit processes.
  • Work closely with the TRA desks and subsidiaries in other countries and (in- and outbound LC issuances coordination).

BUSINESS DEVELOPMENT PROJECTS & ADHOC ANALYSIS

  • Help with initiating and following up commercial campaigns, coordinate with other business lines, prepare presentations for coverage bankers, to expand Trade Service solutions in the US and abroad.
  • Participate in the setting up and business development of the Factoring business in the US in coordination with SG Factoring Paris.
  • Adhoc analysis & research to help assess market and regulatory trends, and measure their impact on potential business and RWA reporting.

REPORTING & ADMIN FUNCTIONS

  • Credit & Compliance/KYC Administration (annual reviews and renewals, etc.).
  • Feed and follow up pipeline of opportunity in CRM tool.
  • Follow up of revenue and RWA reporting.

Profile required

  • Graduate with a master’s degree from Business/Engineering School or University
  • Basic knowledge of Trade Finance products, business, onboarding and credit processes.
  • Proficient/Good command of MS Office
  • Strong analytical, problem-solving and organizational skills
  • Good communication, presentation, and interpersonal skills
  • Client driven and focus
  • Fluent in English
  • Excellent verbal and writing communications skills
  • Detail oriented
  • Team player
  • Handle various ad-hoc requests
  • Able to take the initiative
  • Ability to prioritize and work in a dynamic, deadline-focused environment
  • Ability to work independently with minimal supervision

Why join us

Global Trade & Payment Services group includes 3 business lines: Trade Services (TRA), Payments & Cash Management (PCM), and Correspondent Banking (BAN). Each business line has a Front-, Middle-, and Back-Office team.

TRA Front Office is responsible promoting, managing, and developing trade solutions for SGUS corporate Financial Institution clients. This includes origination and proper execution of trade transactions (domestic and international) and tailor-made trade solutions, working closely with the Coverage teams, with GTB/TRA teams outside the US and other Business Lines of the bank, to propose traditional and innovative solutions and provide an exceptional service to US clients.

Transactions includes Letters of Credit (LC) and StandBy Letters of Credit (SBLC), and may be booked in GTPS/TRA US book (international L/Cs) and GTPS/PCM US book (domestic L/Cs).

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 D&I 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 D&I Vision: An engaged workforce that is demographically diverse in a way that reflects the communities in which we operate. An inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents. To 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, 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: 22000RCT
Entity: SG CIB
Starting date: immediate
Publication date: 2022/11/04
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