Global Banking & Markets - Public - New York - Analyst - CVA Trading

The Goldman Sachs Group; New York, Cary (NY, NC); On-site; USD 110,000 - 125,000; Full time

Job summary

An established industry player is seeking a talented individual to join their Macro CVA trading desk. This role involves evaluating and managing a diverse portfolio of credit and funding risks from derivative transactions. The ideal candidate will work closely with other traders and investment banking professionals, leveraging keen market insights and strong analytical skills to summarize risks and develop hedge ideas. This is a unique opportunity to contribute to a dynamic team within a leading global investment firm, where your expertise will help shape strategic decisions and drive business growth.

Qualifications

• Keen interest in markets and strong problem-solving ability.
• Good communication and interpersonal skills.

Responsibilities

• Work with CVA traders and Investment banking for credit due diligence.
• Summarize key risks from derivative transactions.
• Monitor counterparty credit for larger risk positions.

Skills

Attention to detail

Problem-solving

Interpersonal skills

Communication skills

Education

Bachelor's degree

Job description

Team Overview and Job description

The Macro CVA trading desk is responsible for pricing and managing a large and global portfolio of credit risk and funding risk for the Interest Rate Products and Currencies Businesses arising from derivative transactions. Credit exposures span across high quality IG credits to in-bankruptcy situations. On a day-to-day basis, team members will be expected to evaluate and price credit risk, funding risk and return on capital on derivatives transactions, stay connected with market events across interest rates, currencies and credit markets, and work with the wider team to build and expand the overall business.

Job Responsibilities

• Work with other CVA traders, Investment banking coverage, and strats for credit due diligence, structuring, negotiating and pricing of derivative transactions


• Summarize key risks from derivative transactions


• Understanding trends in credit / rates / FX markets


• Ongoing monitoring of counterparty credit for larger risk positions and weaker credits


• Create risks summary and hedge ideas


• Trading hedge ideas across credit, interest rate and fx products

Qualifications

• Keen interest in markets and attention to detail


• Independent thinker with strong problem-solving ability


• Good inter-personal skills and communication skills


• Bachelor's degree


• Track record of achievement

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.

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Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.

Salary Range
The expected base salary for this New York, New York, United States-based position is $110000-$125000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.