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The Global Repo and Indexing business line, within the Global Markets Division, is looking for junior level candidate to join its Credit Repo and Secured Lending team in New York.
Job Responsibility:
Assisting senior traders with daily tasks such as P&L calculations and risk monitoring
Assisting senior traders with the pricing and execution of structured transactions
Risk analysis of transactions and collateral obligations
Analyze, understand and price transaction risk and use of scarce resources to optimize risk/return
Execute transactions in accordance with established risk management procedures and risk parameters
Identify market opportunities and formulate trading strategy to optimize risk/return
Input all executed trades directly into the Front Office Systems in a timely manner
Monitor and manage position risk
Partner with Structuring and Sales in providing client solutions
Partner with and inform risk functions including obtaining risk approvals as necessary
Keep abreast of the markets and risk by staying informed of economic, regulatory and technological changes
Report Daily pnl, risk and key market movements to management and partners as required
Escalate issues requiring management attention
Ensure strict compliance with the mandate attributed to the desk
Sign the mandate in the MRL tool according to the procedure currently in place with the Bank
Ensure that processes are in place for appropriate identification, escalation, review and response to any actual or potential violation of the regulations
Establish relationships with key risk functions
Contribute to the evolution of overall risk parameters and processes
Assist with managing and hedging the overall risk of the Repo & Secured Funding portfolio on an intra and inter day basis
Ensure adherence with regard to position and risk limits
Ensure adherence to the overall risk limits, including both credit and market risk, as set for Repo & Secured Funding
Ensure adequate systems and information flow to allow monitoring and management of these risks
Ensure that other categories of risk to which the Company is exposed (e.g. legal, operational, and reputational risk) are identified to the extent possible within the trading function
Risks manage the trading book for which responsible
Maintain such risks within the risk limits delegated by Market Risk together with any additional limits imposed to Repo & Secured Funding
Develop and maintain relationships with peers in other organisations as applicable
Represent the firm with external organizations (e.g., industry or product committees, and regulatory or governing bodies) if requested
Notify Trading management and Back Office immediately of any and all trading disputes with counterparties
Ensure adherence to KYC procedures and policies
Contribute to discussions with the other members of Repo & Secured Funding Trading teams as requested and as appropriate to review market strategy and exchange ideas and any other pertinent information
Attend regular meetings or conference calls with the other members of Repo & Secured Funding Trading group as requested and as appropriate to review market strategy and exchange ideas and any other pertinent information
Maintain open and constructive relationships with Sales and Structuring in executing transactions and building business
Maintain open and constructive relationships with key risk functions
Ensure that the relevant managers are made fully aware in a timely fashion of all matters that might have a material impact on the Repo & Secured Funding’s group performance, risk position or compliance with legal or regulatory requirements
Liaise closely with global overseas offices
Ensure any warning signals of emerging issues in the business are followed up
ensure appropriate investigation and any appropriate remedial action
Address, in the suggested timeframe, any points or recommendations made by internal or external auditors or regulators
Requirements:
Post-graduate degree in an analytical field
Experience as a corporate credit analyst at a rating agency or equivalent
Understanding of securitization structures, techniques and documentation
Strong problem-solving and critical thinking skills
Native or fluent level of English
Bachelor's degree, preferably in an analytical area, followed by appropriate market relevant working experience
Experience in trading and risk managing a trading book
Experience as a credit analyst
3-5 years of experience
Team oriented
Excellent communication skills and able to coordinate effectively with other Senior Managers, Sales, Structurers and Quants
Ability to think quickly, make decisions using good judgement and prioritise in busy trading situations
Ability to remain calm under pressure
IT literate
Credit analysis skills
Strong numerical, analytical and spreadsheet skills
Comply with all applicable legal, regulatory and internal Compliance requirements
Nice to have:
Experience as a corporate credit analyst at a rating agency or equivalent a strong plus
Understanding of securitization structures, techniques and documentation helpful