At a Glance
- Tasks: Lead daily repack activities, model pricing, and negotiate terms with clients.
- Company: Goldman Sachs is a top global investment banking and securities firm with a rich history since 1869.
- Benefits: Enjoy diverse training, wellness programs, and opportunities for personal and professional growth.
- Why this job: Join a dynamic team on a bustling trading floor, making impactful financial decisions.
- Qualifications: Minimum 4 years of experience in Repacks and credit derivatives or fixed income derivatives.
The predicted salary is between 43200 - 72000 £ per year.
GLOBAL BANKING & MARKETS Our core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and fund managers. We help them buy and sell financial products on exchanges around the world, raise funding, and manage risk. This is a dynamic, entrepreneurial team that includes individuals who have a passion for the markets and who thrive in fast-paced, changing environments and are energized by a bustling trading floor. BUSINESS SEGMENT AND ROLE OVERVIEW Equities & FICC: 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. Credit Solutions Structuring (Sales Strats) focusing mainly on Repacks, and additionally Total Return Swaps and other credit access products (e.g. Skew, access notes). RESPONSIBILITIES Independently run day-to-day repack activity, including modelling (swaps pricing, XVA), negotiation of terms with clients and reviewing termsheets. Identifying relative value credit assets for repacks, speaking to credit flow traders to gather colour and asset pricing. Preparation of marketing content including emails and brief marketing materials / powerpoint slides. Engaging with sales and clients on repack ideas, and working in partnership with sales to help originate new business. Negotiating TRS documentation with prospective clients. Working on new product development. BASIC QUALIFICATIONS Min 4 years relevant experience in Repacks and credit derivatives or fixed income derivatives. ABOUT GOLDMAN SACHS At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We\’re committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers. #J-18808-Ljbffr
GBM Public, Credit Structuring, Associate / VP level, London employer: Goldman Sachs
Contact Detail:
Goldman Sachs Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land GBM Public, Credit Structuring, Associate / VP level, London
✨Tip Number 1
Make sure to stay updated on the latest trends in credit derivatives and repacks. Follow industry news, subscribe to relevant financial publications, and engage with thought leaders on platforms like LinkedIn to enhance your market knowledge.
✨Tip Number 2
Network actively within the finance community, especially with professionals who have experience in credit structuring. Attend industry conferences, webinars, and local meetups to build relationships that could lead to job opportunities.
✨Tip Number 3
Prepare to discuss specific examples of your past work in repacks and credit derivatives during interviews. Be ready to explain your modeling techniques, negotiation strategies, and how you’ve contributed to successful transactions.
✨Tip Number 4
Familiarize yourself with Goldman Sachs' culture and values. Understanding their commitment to diversity and inclusion can help you align your personal values with the company’s mission, making you a more attractive candidate.
We think you need these skills to ace GBM Public, Credit Structuring, Associate / VP level, London
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly understand the responsibilities and qualifications outlined in the job description. Highlight your relevant experience in repacks and credit derivatives, as this is crucial for the role.
Tailor Your CV: Customize your CV to reflect your experience in financial products, particularly in repacks and credit derivatives. Use specific examples that demonstrate your skills in negotiation, modeling, and client engagement.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the markets and your ability to thrive in fast-paced environments. Mention how your previous experiences align with the responsibilities of the position and express your enthusiasm for joining Goldman Sachs.
Highlight Team Collaboration: Emphasize your ability to work collaboratively with sales teams and clients. Provide examples of how you have successfully partnered with others to originate new business or develop marketing content.
How to prepare for a job interview at Goldman Sachs
✨Understand the Market Dynamics
Make sure you have a solid grasp of current market trends, especially in credit derivatives and repacks. Being able to discuss recent developments or changes in the market will show your passion and knowledge, which is crucial for this role.
✨Prepare for Technical Questions
Expect to be asked about specific financial products like Total Return Swaps and how they work. Brush up on your technical skills and be ready to explain complex concepts clearly and concisely.
✨Showcase Your Negotiation Skills
Since negotiation is a key part of this role, prepare examples from your past experiences where you successfully negotiated terms with clients. Highlight your approach and the outcomes to demonstrate your effectiveness.
✨Engage with Real-World Scenarios
Be prepared to discuss hypothetical scenarios related to repack activity or client interactions. This will allow you to showcase your problem-solving skills and ability to think on your feet, which are essential in a fast-paced environment.