Job description
The Global Markets Structuring team is organized regionally with the following mandate:
a. Day-to-day transaction origination, marketing, pricing services of complex products to GMD Sales network of macro and secured funding solutions across asset classes:
i. Macro
1. Rates
2. FX & Precious Metals
3. Credit
4. Cross-Assets (formerly known as “hybrids”)
5. Equity
ii. Secured Funding
iii. “Alternative Solutions” e.g. Non-Flow Secured Funding, risk transfer solutions, Quantitative Index Strategies, deal contingent hedges…
b. Foster cooperation and ensure a smooth execution process between trading and sales
c. Design and develop new products, tools, materials responding to clients’ needs and sales feedback and coordinate the internal development process (NAP, NAC, CSTC…)
d. Local implementation or development of appropriate / tailor made “packaging” and “financing solutions” (MTNs, fund, loan, repack, flexi-loan / liquidity, collateral exchange / risk transfer solutions) with a strong transactional motivation in order to optimize CA CIB’s clients’ objective versus risk, accounting and/or regulatory constraints.
e. Coordination of the SFI cross-selling business with GMD Sales force regionally:
i. Definition and roll out of the acceptable risk parameters and best practices for the product line including participation in the structuring and negotiation of the transactions to ensure alignment with the defined risk parameters
ii. Derivatives and Solutions main point of contact for Structured Finance and sits in the relevant committee
f. Ensure the business is carried out with the highest origination standards from both a compliance and legal standpoint
g. Represent the business / be the main point of contacts:
i. Internally to CACIB but external to GMD: Main contact points for external partners within CACIB (Market Risk, Legal, Compliance, Tax, Finance, …) and in the context of Distribute to Originate model (CPM, DOD, DFS, SFI…)
ii. Externally to CACIB: to clients, regulators, industry bodies and the wider CACIB Group)
Core customers are Financial Institutions, large Corporates and Private Banking reached through the commercial division network.
Key Responsibilities
1. Summary of position
- Take on Junior Structuring responsibilities within the Cross Asset Structuring desk in New York;
- Support senior structures on all daily structuring tasks including:
- Prices of all rates, credit, FX, cross asset and equity derivatives products;
- Support secured funding transactions,
- Marketing effort toward sales;
- Maintain and improve internal pricing spreadsheets and tools
2. Primary Responsibilities
- Price interest rate, FX, credit, cross asset and equity derivatives products for both North American and Latin American clients;
- Price and arrange secured funding transactions such as Total Return Swaps, Forward Bonds or structured Repo transactions;
- Work with relevant global trading desks to determine market constraints and pricing policy;
- Maintain and improve internal pricing spreadsheets
- Develop new pricing tools on an ad- hoc basis using Excel/VBA
- Liaise with global structuring team in an effort to understand and promote other centres successes in the Americas
- Customize global product offering to local market specifics
- Actively participate in marketing and promotion of GMD products and solutions to Americas sales force;
- Prepare marketing presentations and indicative term sheets
- Ensure internal best practice in compliance with procedures and regulations toward a smooth transaction execution.
3. Managing and Reporting
- Reporting: Head of Global Markets Structuring AMERICAS
- Report to the management on an ad-hoc basis where business dictates and requires (e.g. NBI and commercial performance locally, sensitive files…)
- Provide technical support and direction to more junior staff as appropriate.
4. Risk
- Adhere to CA-CIB policies and be alert to risks arising from transactions for the bank and the client.
- Seek validation by Trading / CPL / LGL (as relevant) on all transactions involving a risk position by the bank.
- Take into account compliance and reputational risks in the design of solutions for clients.
- Ensure the adequacy of the solution with the client’s objectives.
5. Communication
Key Internal Contacts
- Global Markets Structuring team worldwide
- Commercial division / sales team – for product marketing
- Traders – including for the development of new products
- Legal Team – to check the terms of contracts and legal documentation
- Compliance team – for all matters regarding compliance with the Bank’s internal requirements
- Quantitative Research
- Risk Management – regarding risk limits.
Key External Contacts
- Clients / Investors – to give technical explanations of the products.
- Banks – to act as an intermediary in transactions.
- Regulators
- Competitors
- Law firms, Rating Agencies, SPVs administrators and auditors, Trustees
6. Systems Used
Internal
Outlook, Office, Intranet, Orchestrade, APEX Martini/HELIX, Infinity, Price, FOX, FCS Blotter, FCO Blotter, Risk Engine, GCE, Callisto
External
Bloomberg
Qualifications/Education Required:
Undergraduate or graduate degree with a major in Finance, Economics, Mathematics, Computer Science or Engineering.
Experience Required:
Derivatives training or academic courses
2+ years of experience
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