Global Banking & Markets - Public - Toronto - Analyst - SPG Trading

Goldman Sachs Group, Inc.; Toronto; On-site; CAD 70,000 - 100,000; Full time

Job summary

A leading firm is seeking a Market Analyst for its Synthetic Product Group in Toronto. The role focuses on equity derivative products, emphasizing risk management and client service, requiring strong analytical and communication skills. Candidates should possess a relevant degree and excel in a dynamic environment, leveraging tools like Excel and Python to support trading activities.

Qualifications

• Strong interest in global financial markets and derivatives.
• Ability to multitask in a high-pressure environment.
• Excellent verbal and written communication skills.

Responsibilities

• Execute trades with a focus on achieving best execution.
• Monitor risk reports and prepare compliance documentation.
• Collaborate with engineering on automation projects.

Skills

Teamwork

Risk Management

Communication

Data Analysis

Problem Solving

Analytical Skills

Education

Relevant Bachelor’s degree or equivalent

Tools

Microsoft Excel

Python

SQL

Job description

Synthetic Product Group (SPG) is looking for a highly motivated individual with excellent teamwork, organizational, communication and risk management skills. You will need to multi-task well and adapt quickly to an ever-changing list of demands. The individual will work closely with counterparties and various internal stakeholders and should have the ability to communicate to all levels within Sales & Trading, Engineering, and other Operations groups. The role has a heavy focus on risk management and client service.

OUR IMPACT :

Global Markets is a dynamic, multi-faceted division that partners with all areas of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. Alongside this vital service delivery role, SPG provides essential risk management and control, preserving and enhancing the firm’s assets and its reputation.

The team’s primary focus is to grow our client franchise offerings for equity derivative products such as equity swaps, in addition to working on efficient management of the firm’s equity inventory and funding. The SPG trading team will work closely with sales to cover clients from trading perspective, take and execute orders along with pursuing trading ideas.

Job Responsibilities Will Include, But Not Limited To :

• High touch execution of equities with a focus on achieving best execution.
• Generate revenues from equity derivatives products.
• Dividend and corporate action research – track announcements, assist traders in formulating views and strategies.
• Dividend marking – regularly reconcile dividend curves and highlight main discrepancies.
• Preparation and monitoring of risk reports across various parameters, e.g., interest rates, XCCY basis, dividends, funding spread, FX, etc.
• Work closely with engineers and developers on new automation initiatives.
• Efficiency in trading books – highlight inefficient trades and boxed positions with other desks.
• Broker management – chasing approvals and coordination with other divisions for onboarding, keeping track of BC&E, standardizing formats of fills for uploads.
• Trade amendments and allocations – amending existing bookings with oversight. e.g., Amending MSCI futures price on T+1 to match the official close.
• Loan spread check – ensure all trades that flow down with incorrect spreads are amended by T+1 at the latest.
• Ensure compliance with all regulatory requirements and internal policies.

BASIC QUALIFICATIONS :

• Relevant Bachelor’s degree or equivalent qualification with an excellent academic record.
• Proficiency in Microsoft Excel, specifically pivot tables, look up functions, and general data analysis.
• Strong interest in global financial markets and derivatives.
• Excellent communication and interpersonal (written and verbal) skills.
• Strong problem solving and analytical skills.
• Ability to multitask and work in high pressure environment.
• Solid work ethic and high levels of motivation.

PREFERRED QUALIFICATIONS :

• Some coding knowledge and experience (Python, SQL).
• Some experience (0-2 years) in any of the following : trading, securities lending, trade booking, trade matches, and middle office.

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