Global Banking & Markets - New York - Associate, Banker - CSG - 10124924

Goldman Sachs•New York, NY

1d•$128,000 - $150,000•Onsite

About The Position

This role is for an Associate, Banker within the Global Banking & Markets division at Goldman Sachs & Co. LLC in New York. The position involves creating pitches with quantitative and qualitative analysis related to foreign exchange (FX) and interest rate risk management. This includes analyzing potential risk scenarios in cross-border mergers and acquisitions (M&A) and foreign currency debt capital raises. The role requires analyzing how a company's and a financial sponsor's financial position can be affected by FX and interest rate exposure. It also involves analyzing comparable company hedging activities and disclosures by reviewing SEC filings (10-Ks), creating detailed models to adjust currency risk for volatility and correlation, and proactively identifying commercial opportunities in FX and interest rate hedging. The Associate will present to companies' Treasurers and Risk Management teams on market environments, hedging approaches, and alternatives. Additionally, the role serves as a day-to-day client contact in the private equity space, building relationships with senior executives, Risk Management teams, and Capital Markets Heads. Responsibilities include executing trades for a range of products from vanilla (FX forwards, options) to more complex ones (forward volatility agreements, average rate forwards, knock-in/knock-out options). The role also involves pricing Credit Valuation Adjustment (CVA), calculating expected and maximum potential exposure, and accurately booking risk-producing trades in compliance with regulatory and internal requirements.

Requirements

Master’s degree (U.S. or foreign equivalent) in Finance, Economics, Mathematics, Business Analytics, or a related field, and one (1) year of experience in the job offered or in a related role OR Bachelor’s degree (U.S. or foreign equivalent) in Finance, Economics, Mathematics, Business Analytics, or a related field, and three (3) year of experience in the job offered or in a related role.
Prior employment must include one (1) year of experience (with a Master’s) OR three (3) years of experience (with a Bachelor’s) with: creating corporate client presentations in the trade execution process.
Working with statistical concepts including normal distribution and confidence intervals.
Applying macroeconomics to analyze the fundamental and technical drivers of foreign exchange rates and interest rates including the effects of the current and financial account and monetary policy.
Derivative hedge accounting to ensure compliance with FAS 133 and 155 accounting standards.
Working with a wide range of foreign exchange derivatives, inputs/drivers of pricing, and implementation.
Negotiating business terms in ISDAs, Credit Support Annexes (CSAs), and interpreting the terms in those documents and sale and purchase agreements.
Working with foreign exchange market conventions, including identifying base currencies with respect to the U.S. dollar and using industry terminology required to execute trades.

Responsibilities

Create pitches including quantitative and qualitative analysis around regular way foreign exchange (FX) and interest rate risk management as well as potential risk scenarios embedded in cross-border mergers and acquisitions (M&A) and foreign currency debt capital raises.
Analyze how a company and a financial sponsor’s financial position may be impacted by FX and interest rate exposure.
Analyze comparable company hedging activities and disclosures by reviewing companies’ SEC filings including 10-Ks.
Create detailed models that adjust currency risk for volatility and correlation with other currencies to facilitate companies’ accurate assessment of the true risk they face pre- and post-hedging.
Proactively identify commercial opportunities relating to FX and interest rate hedging.
Present to companies’ Treasurers and Risk Management teams on current market environment and recent relevant developments, how to approach FX and interest rate exposure, and hedging alternatives.
Serve as day-to-day client contact in the private equity space, working closely and developing relationships with senior executives at private equity firms, Risk Management teams, and Capital Markets Heads.
Execute trades, pricing products ranging from vanilla products, e.g. FX forwards or options, to more complicated products such as forward volatility agreements, average rate forwards, and knock-in/knock-out options.
Price Credit Valuation Adjustment (CVA) including expected and maximum potential exposure created by trades over time and the impact that those trades will have on a portfolio of risks.
Book trades accurately and quickly book risk producing trades in accordance with regulatory and internal requirements.