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Repo & Secured Funding Credit & EM Trading - Analyst


Vacancy details

General information

Entity

About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)

Crédit Agricole CIB is the corporate and investment banking arm of Credit Agricole Group, the 12th largest banking group worldwide in terms of tier 1 capital (The Banker, July 2020). Nearly 8,400 employees across Europe, the Americas, Asia-Pacific, the Middle East and Africa support the Bank's clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.


For more information, please visit www.ca-cib.com

Twitter: https://twitter.com/ca_cib
LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/
  

Reference

2021-56178  

Publication date

08/04/2021

Job description

Business type

Types of Jobs - Corporate & Investment Banking

Job title

Repo & Secured Funding Credit & EM Trading - Analyst

Contract type

Permanent Contract

Job summary

Summary
The Repo and Secured Funding business line, within the Global Markets Division, is looking for graduate-level candidate to join its Credit and Emerging Markets team in London.  The role would involve:

1) assisting senior traders with daily tasks such as P&L calculations and risk monitoring
2) making prices to clients on Repo and Secured Funding transactions
3) automation work in VBA or Python
4) assisting senior traders with the pricing and execution of structured transactions

The ideal candidate would have a post-graduate degree in a STEM (Science, Technology, Engineering or Mathematics) subject. Strong problem-solving and creative thinking skills are a pre-requisite. A native or fluent level of English is expected to be spoken.

Key Responsibilities
Strategy and Business Planning

  • Market making for customers in Repo & Secured Funding Credit & EM Trading.
  • Execute transactions in accordance with established risk management procedures and risk parameters.
  • Formulate trading strategy and relate these to market opportunities.
  • Be aware of all economic and financial data likely to affect the market and keep updated on market changes.
  • Take views on future market developments and advise sales accordingly.
  • Provide product pricing for both new products as well as specific client transactions.  Pricing must ensure that the Bank is adequately compensated for the level of principal risk and the amount of balance sheet it dedicates to specific transactions.
  • Keep abreast of the markets by reading the financial press and available economic research.

Counterparties and clients

  • Develop and maintain relationships with peers in other organisations as applicable.
  • Represent the firm with external organisations (e.g., industry or product committees, and regulatory or governing bodies) if requested.
  • Notify Trading management and Back Office immediately of any and all trading disputes with counterparties.
  • Ensure adherence to KYC procedures and policies.

Communication

  • Contribute to discussions with the other members of Repo & Secured Funding Trading teams as requested and as appropriate to review market strategy and exchange ideas and any other pertinent information.
  • Attend regular meetings or conference calls with the other members of Repo & Secured Funding Trading group as requested and as appropriate to review market strategy and exchange ideas and any other pertinent information.
  • Maintain open and constructive contact with the Sales desks regarding shared business.
  • Clear communication of risk limits and product approvals to traders and any periodic changes thereto.
  • Ensure that the relevant managers are made fully aware in a timely fashion of all matters that might have a material impact on the Repo & Secured Funding’s group performance, risk position or compliance with legal or regulatory requirements.
  • Liaise closely with global overseas offices

Position localisation

Geographical area

Europe, United Kingdom

City

London

Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

Preferably in a Mathematical / Scientific area, or A-levels followed by appropriate market relevant working experience.

Required skills

  • IT literate.
  • Thorough knowledge of financial derivatives including market liquidity (ability to enter or exit a position) and volatility (magnitude / speed of price change), pricing and trading/hedging strategies.
  • Strong numerical, analytical and spreadsheet skills.
  • Team oriented.
  • Excellent communication skills and able to coordinate effectively with other Senior Managers, Sales, Structurers and Quants.
  • Ability to think quickly, make decisions using good judgement and prioritise in busy trading situations.
  • Ability to remain calm under pressure.

     

 

Technical skills required


Legal and Regulatory Responsibilities

• Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the London Compliance manual and the Financial Crime Policy. Complete any mandatory training in line with legal, regulatory and internal Compliance requirements.

• Maintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence.

• Refrain from taking any steps which could lead to the removal of certification of fitness and propriety to perform the role.

• Undertake all necessary steps to satisfy the annual certification process.

• Comply with all applicable conduct rules as prescribed by the relevant regulator