Global Banking & Markets - New York - Associate, Banker - CSG - 10124924

About the Role

Associate, Banker - CSG with Goldman Sachs & Co. LLC in New York, New York. This role involves creating pitches and analyses for foreign exchange (FX) and interest rate risk management, including scenarios in cross-border M&A and foreign currency debt capital raises.

Responsibilities

• Create pitches including quantitative and qualitative analysis around regular way FX and interest rate risk management, as well as potential risk scenarios in cross-border M&A and foreign currency debt capital raises.
• Analyze how a company and a financial sponsor’s financial position may be impacted by FX and interest rate exposure.
• Review comparable company hedging activities and disclosures by examining SEC filings, including 10-Ks.
• Develop detailed models adjusting currency risk for volatility and correlation with other currencies to help companies assess true risk pre- and post-hedging.
• Proactively identify commercial opportunities related to FX and interest rate hedging.
• Present to companies’ Treasurers and Risk Management teams on the current market environment, FX and interest rate exposure approaches, and hedging alternatives.
• Serve as day-to-day client contact in the private equity space, building relationships with senior executives at private equity firms, Risk Management teams, and Capital Markets Heads.
• Execute trades, pricing products ranging from vanilla (e.g., FX forwards or options) to complex products such as forward volatility agreements, average rate forwards, and knock-in/knock-out options.
• Price Credit Valuation Adjustment (CVA), including expected and maximum potential exposure from trades over time and their impact on a portfolio of risks.
• Book trades accurately and quickly, ensuring compliance with regulatory and internal requirements.

Requirements

• Master’s degree (U.S. or foreign equivalent) in Finance, Economics, Mathematics, Business Analytics, or a related field, and one (1) year of experience in the job offered or a related role.
• OR Bachelor’s degree (U.S. or foreign equivalent) in Finance, Economics, Mathematics, Business Analytics, or a related field, and three (3) years of experience in the job offered or a related role.
• Prior experience must include (with a Master’s: 1 year; with a Bachelor’s: 3 years):
  • Creating corporate client presentations in the trade execution process.
  • Working with statistical concepts including normal distribution and confidence intervals.
  • Applying macroeconomics to analyze fundamental and technical drivers of FX rates and interest rates, including effects of current and financial accounts and monetary policy.
  • Derivative hedge accounting to ensure compliance with FAS 133 and 155 accounting standards.
  • Working with a wide range of FX derivatives, inputs/drivers of pricing, and implementation.
  • Negotiating business terms in ISDAs, Credit Support Annexes (CSAs), and interpreting terms in those documents and sale and purchase agreements.
  • Working with FX market conventions, including identifying base currencies relative to the U.S. dollar and using industry terminology for trade execution.

Pay

Annual base salary for this New York, New York-based position: $128,000 - $150,000.