GMD Non-Flow Credit Repo Trader, Associate

Junior Credit Repo And Secured Lending Analyst

The Global Repo and Indexing business line, within the Global Markets Division, is looking for a junior level candidate to join its Credit Repo and Secured Lending team in New York. The role would involve:

• 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

The ideal candidate would have a post-graduate degree in an analytical field. Experience as a corporate credit analyst at a rating agency or equivalent a strong plus. Understanding of securitization structures, techniques and documentation helpful. Strong problem-solving and critical thinking skills are a pre-requisite. A native or fluent level of English is expected to be spoken.

Key Responsibilities

Transactions

• 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

Management and Reporting

• Report Daily PnL, risk and key market movements to management and partners as required
• Escalate issues requiring management attention

Mandate

• 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.

Risk

• 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.

Salary Range: $130k-$160k