Global Banking & Markets - New York - Associate, Sales Strats - 3684479
About The Position
Goldman Sachs & Co. LLC is seeking an Associate, Sales Strats in New York, New York. This role involves developing complex client financing structures using various derivative and funding instruments on liquid and illiquid collateral. The position will also facilitate trading desks in managing their regulatory capital footprint on stock loan portfolios by structuring and executing credit risk mitigation strategies. Responsibilities include presenting structured transactions to internal committees and control functions, providing clients with market insights, creating automated reports, leading meetings with Sales and Traders, coordinating client presentations on cash reinvest products, and managing live trades for accurate reporting. The role also requires working with Engineers to enhance booking systems for new products.
Requirements
- Bachelor’s degree (U.S. or foreign equivalent) in Financial Engineering, Mathematics, Statistics, Data Science, or related field.
- Two (2) years of experience in the job offered or in a related role.
- Two (2) years of experience structuring bespoke funding, financing and risk transfer products using a variety of financial instruments.
- Two (2) years of experience with secured and unsecured funding markets and funding products, including repos, stock loans, and derivative contracts including options and total return swaps.
- Two (2) years of experience negotiating complex and bespoke legal documentation in connection with funding and credit risk transfer transactions, including Global Master Securities Lending Agreement (GMSLA), Master Securities Loan Agreement (MSLA), Master Repurchase Agreement (MRA), Global Master Repurchase Agreement (GMRA), and International Swaps and Derivatives Association (ISDA) documents and financial guarantees.
- Two (2) years of experience with U.S. bank regulatory capital rules and accounting standards to structure credit risk mitigation trades.
- Two (2) years of experience with financial modeling and pricing of structured products including utilizing Bloomberg Terminal.
Responsibilities
- Develop complex client financing structures using various derivative and funding instruments on liquid and illiquid collateral.
- Facilitate trading desks in managing their regulatory capital footprint on stock loan portfolios by structuring and executing credit risk mitigation strategies.
- Present structured transactions to internal committees and control functions, including Legal, Accounting, Compliance, Credit Risk, Tax and Regulatory Policy.
- Provide clients with insights on recent developments in credit risk and funding markets as well as developments in bank regulatory capital rules.
- Create automated reports to identify changes in funding levels and in largest exposures in stock loan book.
- Lead meetings with Sales and Traders to propose and develop structured liquidity and credit risk transfer products aligned with current market trends.
- Coordinate and present to clients on a comprehensive menu of cash reinvest products across Equities and Fixed Income trading desks.
- Manage book of live trades to ensure accurate client and regulatory reporting, as well as internal reporting to accounting, risk and reporting teams.
- Work with Engineers to expand existing booking systems to accurately book and report new products, including financial guarantees.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
