Job details
- Job id
- 25954
- Location
- London
- Full/Part Time
- Full-time
Job Summary & Responsibilities
The Securities Division enables our clients to buy and sell financial products, raise funding and manage risk. We make markets and facilitate client transactions in fixed income, equity, currency and commodity products. In addition, we make markets in and clear client transactions on major stock, options and futures exchanges worldwide.Through our global sales force, we maintain relationships with our clients, receiving orders and distributing investment research, trading ideas, market information and analysis.
Fixed income, currency and commodities teams transact in a variety of assets, including interest rate products (such as government bonds, treasury bills and other highly liquid instruments), credit products, mortgages, currencies and commodities.
The CVA Desk manages the firms credit and funding exposures arising from OTC derivatives transactions. Tasks include pricing marginal trades for credit and funding costs, portfolio risk management of resulting exposures and hedge execution as well as identifying and driving trades which reduce the firms risk to credit and funding exposure. The desk is heavily involved in evolving the firms methodology with respect to the pricing and management of funding and, increasingly, capital usage in the business and desk members are expected to contribute to these activities. In addition, the desk is taking on additional responsibilities in the area of funded FVA pricing and portfolio risk management.
Responsibilities:
•Marginal pricing of credit , funding and capital costs of new trades, unwinds, and restructurings
•Active portfolio risk management of the firms CVA portfolio – hedging of rates, FX, vol, credit, inflation, correlation components
•Driving new trade activity to reduce the firms key exposures
•Co-ordinating with quants, technology, controllers, reg policy, etc to improve model methodologies for CVA, DVA, Capital
•Pricing and risk management of funded FVA exposures
Basic Qualifications
•Trading and/or structuring experience in vanilla and exotic trade pricing in the Interest Rate Swaps and/or FX markets•Exotic portfolio risk management experience
Preferred Qualifications
•Excellent communications skills•Superior Excel skills
•Strong analytic background with ability to think through complex problems in real time
Goldman Sachs is an equal opportunity employer. © The Goldman Sachs Group, Inc., 2014. All rights reserved.
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