
Societe Generale
New york, NY
Société Générale is a universal bank. The Group consists of three main pillars backed by two business lines. Société Générale is often nicknamed SocGen in the international financial world.
Société Générale's three pillars, at the heart of the development of its relationship banking model, are:
- Retail Banking in France (Société Générale, Crédit du Nord and Boursorama)
- International Banking and Financial Services (IBFS)
- Corporate and Investment Banking (SG CIB), with investment banking and fixed income, structured financing, debt and forex activities on the one side, and equity and consulting activities on the other.
The development of these three pillars is backed by two other core activities, namely:
- Specialised Financial Services & Insurance
- Private Banking, Global Investment Management & Services
Job Specifications
Location
Jersey City
Published
3 days ago
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INTERNSHIP - Trade Commodity Finance Back Office
ResponsibilitiesThe 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 ToolApplying Accruals in allTRA (twice monthly)Email Invoices to clients / agentsApply funds received for invoicesMonitor past due report and trace for paymentGeneration and mailing of client activity reportsHandle investigations for invoicing / reportingCompile LSA / allTRA vs. LIQ reports for the Team for reviewMonitor expired itemsProfile requiredPrimary Applications:allTRA – Trade Finance Bank Office SystemE3F – Document RepositoryMonTranFircosoftLoan IQExternal 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 dealsEffectively support client relationshipBehavioral skills:Developing the businessResults orientation: Masters technical skills required for roleClient focus: Consistently searches for ways to improve client serviceWorking Together:Cooperation: Steps forward to provide extra support to team leader and colleagues, when necessaryTechnical 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)Why join usBusiness insightSociete Generale is committed to offering an inclusive recruitment experience to all candidates. If you require any reasonable accommodations during the recruitment process, please do not hesitate to let our Recruiters know.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/)DIVERSITY, INCLUSION & BELONGING (“DIB”):Our DIB Mission: Recruit, develop, retain and advance a talented workforce that is united in our efforts to leverage our talent and further develop an inclusive environment that will enhance our competitive position and deliver innovative solutions to our clients. It seeks to foster an environment where employee differences are valued and where all employees feel engaged, supported, respected, and informed. For more information about our DIB initiatives, please visit this link: https://americas.societegenerale.com/en/careers/get-know-diversity/COMPENSATION: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 role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, medical/dental/vision, and other benefits for fertility, wellness, student loans and commuters.