GMD Non-Flow Credit Repo Trader, Associate
Crédit Agricole Group, New York, NY, United States
Summary
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 postgraduate degree in an analytical field. Experience as a corporate credit analyst at a rating agency or equivalent is a strong plus. Understanding of securitization structures, techniques and documentation is 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
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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 postgraduate degree in an analytical field. Experience as a corporate credit analyst at a rating agency or equivalent is a strong plus. Understanding of securitization structures, techniques and documentation is 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
#J-18808-Ljbffr