Investment Banking Associate - ABS

Societe Generale; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

Societe Generale in New York seeks an Associate for its securitization team within DCS. You will support origination, structuring, and client marketing while performing credit and cash flow analyses and preparing internal approvals. You will participate in deal execution and client onboarding, collaborating with SG teams globally.

The role offers exposure to public ABS and private financing in a fast-paced, global environment, with training and hands-on experience across the deal life cycle.

Qualifications

• 5+ years of experience in finance or securitization.
• Undergraduate degree in Finance, Commerce, Economics, Law, Accounting, Science or Engineering.
• Fluent in English.

Responsibilities

• Support origination and structuring efforts.
• Prepare client pitches and marketing materials.
• Conduct credit and cash flow analysis and request internal approvals.
• Assist deal execution in securitization transactions.
• Engage in client due diligence and onboarding.
• Report on portfolio performance and deal activity.
• Collaborate with SG teams across divisions.

Skills

Problem solving

Communication

Independent work

Excel

PowerPoint

Intex

Bloomberg

Series 79

Series 63

Education

Undergraduate degree in Finance or related

Tools

Excel

PowerPoint

Intex

Bloomberg

Job description

Responsibilities

The broader Securitization team is an investment banking function that operates within Société Générale’s Distribution and Credit Solutions (DCS) business, which is a joint-venture between the Investment Banking (GLBA) and Markets (MARK) divisions in the Americas. The joint-venture strategically combines Société Générale’s Credit & Financing capabilities with SG’s Capital Markets expertise.

Responsibilities

The broader Securitization team is an investment banking function that operates within Société Générale’s Distribution and Credit Solutions (DCS) business, which is a joint-venture between the Investment Banking (GLBA) and Markets (MARK) divisions in the Americas. The joint-venture strategically combines Société Générale’s Credit & Financing capabilities with SG’s Capital Markets expertise.

DCS is providing a one-stop-shop to address the evolving client needs while providing them with comprehensive and holistic solutions. The objectives are: to (i) centralize origination and increase distribution, and (ii) provide services to fund managers to support them throughout their funds’ life cycle, alongside our recognized expertise and market positioning in serving our traditional corporate clients.

As an Associate in the securitization team, you will have the opportunity to apply your existing knowledge and build on your industry experience by learning from a team of experienced asset-backed products practitioners based in our New York office and covering the Americas. You will further develop skills for client marketing and pitching, transaction structuring, credit and cashflow analysis, risk assessment, ongoing portfolio and transaction management, private and public debt distribution – all core aspects of the securitization platform at SG business - through ad hoc training and on-the-job experience. You will be involved in all stages of the deal life cycle across public ABS and private financing, from preparation of initial client proposals through to credit analysis and preparation of submission for internal approvals and deal execution in both private format and public securitization markets. You will assume responsibility for certain aspects of origination and transaction execution on a case-by-case basis.

Your main responsibilities will include:

• Supporting origination and structuring efforts;
• Preparing client pitches and other marketing materials;
• Credit and cash flow analysis and preparing credit and other internal approval requests;
• Deal execution both internally and externally in the context of public securitization transactions;
• Conducting client due diligence and managing client onboarding;
• Portfolio and business performance reporting; and
• Other ad hoc business and transaction specific requirements.

This is an exciting opportunity to join a dynamic team and get hands-on experience within a fast-paced, results focused, global organization and one of Europe’s leading structured credit banks. As part of your role within the securitization business, you will interact with other SG teams such as Syndicate, Trading and Sales, Risk, Legal, Compliance and Client Coverage, to name a few.

Required

Profile required

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, Powerpoint,, Intex , Bloomberg.
• Ability to understand industry concepts, including net present value, risk retention, priority of payments, breakeven analysis, legal final maturities, residual valuation, rating agency methodologies, deal surveillance, prepayment and default forecasting.
• Series 79 & 63.

Must Have:

• General/Technical Skills: advanced Excel, advanced Powerpoint, Intex, strong written and verbal communication skills
• 5+ years of experience
• Undergraduate degree in Finance, Commerce, Economics, Law, Accounting, Science or Engineering
• Language(s) English

Nice to Have:

• MS in Finance, MBA
• French

Business insight

Societe 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.