Trade Execution and Funding Associate or Vice President

Guggenheim Partners•New York, NY

71d•$100,000 - $175,000•Onsite

About The Position

Guggenheim Treasury Services (GTS), a structured financing business within Guggenheim Partners, is seeking an experienced individual to join its trade execution team as an Associate or Vice President. GTS runs a platform that involves issuance of asset-backed commercial paper to raise funding that is then used in structured funding transactions with bank clients. The structured funding transactions are arranged in a variety of formats, including total return swap, repo, securities lending, loans and other bespoke structures. As a member of the trade execution team, the candidate will be involved in all aspects of business with our bank clients. The work will include managing and executing transactions with existing clients, as well as working with new clients to establish funding facilities and trading relationships. Experience in funding (repo, sec lending) and derivative markets is required. Familiarity with total return swaps is strongly preferred, and experience in fixed income TRS is especially favorable. Familiarity with financing documentation (GMRA, GMSLA, ISDA, credit agreements) along with experience managing collateral and custody arrangements is preferred as well. Relevant experience could be from front office work on a funding desk, or from middle office work in support of a trading or funding desk. Experience in an equity prime brokerage (PB) environment, or in a structured funding group (credit funding, loan TRS), would be beneficial. The position is in our New York City office and is expected to report onsite at least 4 days per week.

Requirements

Minimum of 2 years of relevant experience in derivatives, repo and/or funding markets; relevant experience could be front office in a trading environment or middle office in support of a trading or funding desk.
Proficiency in financial modeling in Excel, familiarity with PowerPoint

Nice To Haves

Experience in an equity prime brokerage (PB) environment, or in a structured credit funding group (including loan TRS), would be beneficial
Knowledge of funding markets and funding transaction structures
Exceptionally strong attention to detail
Comfortable operating under pressure in a dynamic environment
Develops rapport with clients and operate at all times with a client-oriented mindset
Willingness to follow internal procedures
Ability to adapt and to help improve how we transact with clients and how we operate internally
Familiarity with total return swaps is strongly preferred, and experience in fixed income TRS is especially favorable.
Familiarity with financing documentation (GMRA, GMSLA, ISDA, credit agreements) along with experience managing collateral and custody arrangements is preferred as well.

Responsibilities

Work closely with Origination team and other GTS team members to deliver customized funding solutions to bank clients
Model and price funding transactions using Excel based on terms agreed with clients as well as internal funding considerations
Obtain necessary internal approvals to transact with clients, which requires synthesizing relevant transaction details into requests for approval, and addressing questions and concerns from colleagues in the business
Coordinate execution of funding transactions (repo, sec lending, swap, loan, etc.) as well as related hedges for swap transactions, involving purchase of equities, bonds, loans and other securities as required
Review transaction documentation prepared by operations group to ensure it matches terms agreed with client
Contribute to process of valuing securities referenced in swap transactions
Contribute to process of negotiating deal documents such as ISDAs, GMSLAs, MRAs and Master Confirmations
Assist with various ad-hoc and special projects as directed by management

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