Banks Coverage Analyst – Financial Institutions Coverage

Job Description

V.I.E. Banks Coverage NY | Societe Generale

The Tone:
This is an 18-month V.I.E. assignment at Societe Generale, located in New York, NY. Societe Generale’s Corporate & Investment Banking division (“SGCIB”) is responsible for managing global business relationships with large financial institutions. This role is crucial for enabling various business lines within and outside SGCIB to access client deal flow and ensuring successful cross-selling of the bank’s global products. The position contributes to developing business in accordance with Societe Generale’s standards of marginal income, healthy returns, and superior quality.

The TL;DR
• Role: V.I.E. assignment (a specific contract under Business France’s eligibility criteria for candidates under 28 from EEA member states)
• Type: Temporary (18 months)
• Location: In-person, New York, NY

• Team: FIG Coverage, Banks Coverage team in New York
• Mission: Support relationship managers in developing business with large financial institutions, facilitating client access to products, and ensuring profitable relationships.
• Tech Stack: Excel, PowerPoint

What You’ll Actually Do
• Commercial Support: Prepare briefing memos and call reports for client meetings, create pitch presentations, and interact with business line product specialists on client initiatives.
• Client Relationship Management: Track live deals and pitch communication for current and prospective clients, develop client profiles, and produce a quarterly thought piece.
• Compliance & Credit: Coordinate periodic Know Your Client (KYC) reviews for clients, manage reverse KYC for Societe Generale, and support the annual credit review process.
• Financial Performance Analysis: Manage yearly budgets, periodic income forecasts, and income correction campaigns for the portfolio, including profitability analysis for prospective transactions.
• Ad Hoc Modeling: Provide various internal reports, operational support to the Coverage team, and conduct some potential ad hoc financial modeling, such as Three-statement, Discounted Cashflow, Merger, and Consolidation analysis.

The Must-Haves
• Background: Master’s Degree; Entry-Level career.
• Experience: Experience in the financial industry or a client-facing role is a plus, but not a pre-requisite.
• Skills: Excellent analytical skills, proficiency with Excel and PowerPoint, strong organizational skills, ability to complete accurate work under significant pressure, strong written and oral communication skills.
• Bonus: Awareness of and experience in working with people with international backgrounds, interest in the bank sector.