Vice President - ABS Origination and Financing

Permanent contract|New York|Corporate & Investment banking

Vice President - ABS Origination and Financing

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

Responsibilities

DIVISION DESCRIPTION: 
As part of the Origination and Financing team for private ABS transactions, the VP will contribute to the origination, structuring and execution of asset-backed transactions with SG clients. The mission of the securitization lending business is to be a strategic financing solution for SG clients which builds upon client relationships profitably and allows for the cross-sell of other SG products, primarily ABS underwriting roles and Interest Rate Derivatives. The team handles a broad spectrum of asset classes including: credit cards, consumer loans, solar loans, home improvement loans, C-PACE loans, insurance premium finance loans, equipment loans, among others.  Working on diverse asset types with an experienced and successful team makes the position a great learning opportunity.

RESPONSIBILITIES:

  • Developing marketing materials and assisting in delivering pitches.
  • Performing quantitative/data and qualitative due diligence
  • Performing analysis and stress tests for transactions
  • Undertaking industry, client or asset specific research and assisting in special projects.
  • Complying with internal and regulatory processes (KYC, audits,…)
  • Preparing credit applications and other internal process documentation
  • Participating in legal documentation drafting and negotiation with more senior members of the team
  • Regular monitoring of existing transactions
  • The candidate is expected to develop autonomy and help train/mentor more junior members of the team.  
  • This role is for the private lending side of the ABS business, but the candidate will have exposure to the public ABS agency side of the business as well. 

Profile required

  • BA or BS degree required; concentration in Economics, Finance, Business, Math, or Computer Science is preferred but not required
  • 5-6+ years' experience in a bank or a rating agency including at least 3+ years in the securitization space
  • Capacity to understand complex financial structures and familiarity with credit and related legal documentation.
  • Has contributed to the origination and structuring of securitization transactions
  • Solid knowledge of financial markets, securitization and structured products
  • Expertise in one or several asset classes among credit cards, consumer loans, insurance premium finance loans, equipment loans
  • Familiarity with esoteric asset classes as residential solar loans, home improvement loans, C-PACE, … would be a plus
  • Excellent verbal, written and interpersonal communication skills
  • Strong analytical skills with a high attention to detail
  • Ability to work independently and multi-task in a fast-paced environment
  • Sense of initiative, creativity and resourcefulness.
  • Proficiency in Microsoft Office applications, with high technical proficiency in Microsoft Excel and PowerPoint
  • Ability to collaborate with team members and work across the firm to ensure product is delivered to client
  • Ability to transfer knowledge to more junior members of the team and help maintain high quality standards for all deliverables.
  • Organization and rigor
  • Curiosity, positive attitude and team spirit.

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: 24000DES
Entity: SG Americas Securities
Starting date: 2024/07/29
Publication date: 2024/06/13
Salary or Compensation Range: $99,000 - $275,000
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