Analyst, Reserve Based Finance

2 days left

Location
London, England, United Kingdom
Salary
Competitive
Posted
10 Oct 2018
Closes
17 Oct 2018
Ref
4129551
Contract type
Permanent
Hours
Full time
People join for the impact they can have on us. They stay for the impact we have on them. A flatter structure offers visibility and exposure beyond that of our competitors, so you know our names, and we know yours. It's personable, human, and inspires success through passion. By encouraging open mindedness and a willingness to share ideas, we have adapted to market changes and thrived through innovation. Bringing words like “hard work” and “dedication” together with “community” and “respect” has enabled us to work collaboratively and build our future together. We call this Team Spirit and it's what makes us different. It's what makes you different.


Description of the Business Line or Department
The GLFI/NAT mission statement is to develop a worldwide business franchise in the Natural Resources, Energy and Infrastructure sector by providing clients with financing solutions as well as providing advisory services.

The Natural Resources & Infrastructure Financing Group provides a full range of finance and advisory services for producers, traders, processors and end-users of energy, metals and soft commodities as well as public sector through four key platforms: Energy group, Metals & Mining finance group, Traders, Commodity finance & Agribusiness group and Infrastructure finance, as well as MARK/CTY joint venture.

GLFI/NAT/NRG is in charge of financing and advisory services for energy projects worldwide as well as structured financings and reserve-based lending for energy players.

Reserve Based Finance (GLFI/NAT/NRG/RBF) business provides finance and advisory services to companies or projects that are subject to a risk on oil and gas reservoir performance or development. The business is global with teams in Houston, New York, Singapore and London. Products range from highly structured project finance loans for upstream projects to secured and unsecured revolving credit facilities to both listed and private corporations.

Transactions managed by RBF International involve assets in the CEEMA and CIS region. Some overseas travel, among other in emerging countries, is usually required to meet with targets or clients and to perform due diligence.

RBF is a highly specialised activity that relies on an in-depth sector understanding and detailed petroleum engineering assessments. It is subject to a combination of risks (sub-investment grade counterparties, emerging markets, reservoir development and performance, commodity price, reputation and syndication risks) that are interacting with each other. Their management requires a unique combination of skills that cannot be provided by a single individual. As a result teamwork is essential for a successful origination and reliable risk management.

The activity requires a particular care in managing conflicts of interest, receiving of material confidential and sometimes insider information, managing potential reputation risks and avoiding being subject or associated to money laundering or financial crime.

SG's strategy is to lead transactions in acting as Lead Mandated Arranger, Technical Bank, and/or Financial Advisor.

Size of transactions and final takes are often very large and highly visible to the bank's management and the market.

Each transaction is usually bespoke in order to address particular risks and business objectives. It also evolves in time along with the circumstances. This requires a particularly high level of (i) details in the due diligence and the monitoring (ii) pro-activity in identifying potential issues and (iii) transparency in raising them to management.

Most of the transactions are arranged to finance a project with several stakeholders and often incompressible milestones. This requires very flexible and sometimes long working hours often outside of the regular office hours in order to meet deadlines.

The activity is governed by a CORISQ for RBF and for the Global Oil & Gas Business.
Summary of the key purposes of the role
A. Supporting more senior members of the team in the execution of RBF transactions and advisory mandates in EMEA
B. Fronting most of internal process related to RBF mandates
C. Preparing pitch and other marketing material under the supervision of more senior members of the team
D. Support for other BLs and Middle Office in monitoring of transactions
Summary of responsibilities
A. Mastering internal organisation, process and tools
B. Modelling the petroleum economics of upstream oil and gas assets
C. Working with more senior team members to model debt from term sheets, loan documents and information memorandums
D. Working with the bank's petroleum engineer to sensitize the debt economics
E. Working with senior bankers on credit applications, marketing and industry research, internal reporting, marketing plans
F. Liaising with RISQ, SYN and SEGL to explain the transaction and its underlying risks
G. Responding to requests of other BLs when RBF is PCRU
H. Liaising with clients in relation with execution and follow-up of transaction, as may be directed by more senior members of the team
I. Assisting middle-office where appropriate with redetermination, loans/portfolio reviews and waivers from the above contexts
J. Using internal tools necessary to process KYC, determine rating, evaluate profitability, monitoring credit approval process, closing transactions etc
K. Impeccable compliance with conduct rules and guidelines.
L. Performing required training on time and maintains good and up to date knowledge of GLFI Handbook and Conduct obligations.
M. Contributing to team's activity reporting and supporting Management for bespoke tasks and projects as may be required by the Head of Reserve Based Finance EMEA.
N. Making Management aware of potential credit, commercial or operation risks or process issues in a timely and transparent manner
O. Learning about other activities and products of the bank
Level of autonomy and authority
· Following directions of VPs, Directors and Managing Directors in risk management, structuring and originating deals
· Taking initiative in progressing the internal execution and monitoring of transactions
· Growing autonomy in developing cash flow model and using internal tools
· Growing autonomy in preparing credit application and internal reports and communicating with RISQ, SYN and SEGL
· Growing autonomy in communicating with clients in relation to due diligence, cash flow modeling and asset and loan performance monitoring
· Supervised interaction with external counterparties
· In general autonomy will be encouraged as the person will get more experienced.
Reports to Head of Reserve Based Finance EMEA


Profile:

Competencies
§ Technical:
1. Ability and willingness to learn internal process and guidelines rapidly
2. Ability and willingness to learn all internal softwares and tools
3. Excellent cash flow modelling skills
4. Proficiency of all Microsoft Office tools
5. Ability and willingness to learn risks and mitigants in a typical RBF transaction
6. Basic understanding of derivatives and other debt products (incl. export finance and capital markets)
7. Knowledge and awareness of regulation and conduct rules, as well as internal guidelines and business principles of the team
8. Good written and verbal communication skills
9. Analytical thinking

§ Behavioural:
1. Client orientation - Setting quality of service and meeting deadlines as a priority
2. Responsibility - Learning from mistake and aiming to progress
3. Innovation - Curiosity, willingness to learn and desire to improve process for the benefit of our clients
4. Team spirit - Flexibility and reliability to ensure success of the team
5. Team spirit - Result orientation
6. Commitment - Ability to work under pressure and to meet deadlines
7. Commitment - Ability to prioritize tasks and manage competing deadlines
Leadership - Pro-activity in addressing client's needs or raising potential issue
If you feel you have the required experience and qualifications, then please apply to the SG Resourcing Team, and we will manage your application. At Societe Generale, we believe our people are our strength and are core to the success of our business. As such, we search for, recruit and appoint the best available person on the basis of aptitude and ability, regardless of sex, marital or civil partnership status, race, colour, nationality, ethnic or national origins, pregnancy, disability, age, sexual orientation, religion, belief or gender reassignment.

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