GMD Non-Flow Credit Repo Trader, Associate

Crédit Agricole Group; New York (NY); On-site; USD 130,000 - 160,000; Full time

Job summary

A prestigious financial institution in New York is seeking a junior-level candidate to join its Credit Repo and Secured Lending team. Responsibilities include assisting senior traders with daily tasks such as P&L calculations and transaction execution, as well as conducting risk analysis. An ideal candidate will have a postgraduate degree in an analytical field, strong problem-solving skills, and fluent English. The role offers a competitive salary range of $130k to $160k.

Qualifications

• Strong understanding of securitization structures is helpful.
• Experience as a corporate credit analyst is a strong plus.

Responsibilities

• Assist senior traders with P&L calculations and risk monitoring.
• Execute transactions according to risk management procedures.
• Monitor and manage position risk.

Skills

Analytical problem-solving

Risk analysis

Critical thinking

Fluent English

Education

Postgraduate degree in an analytical field

Job description

Summary

The Global Repo and Indexing business line, within the Global Markets Division, is looking for a junior‑level candidate to join its Credit Repo and Secured Lending team in New York. The role would involve:

1. Assisting senior traders with daily tasks such as P&L calculations and risk monitoring
2. Assisting senior traders with the pricing and execution of structured transactions
3. Risk analysis of transactions and collateral obligations

The ideal candidate would have a postgraduate degree in an analytical field. Experience as a corporate credit analyst at a rating agency or equivalent is a strong plus. Understanding of securitization structures, techniques and documentation is helpful. Strong problem‑solving and critical thinking skills are a pre‑requisite. A native or fluent level of English is expected to be spoken.

Key Responsibilities

Transactions

• Analyze, understand and price transaction risk and use of scarce resources to optimize risk/return
• Execute transactions in accordance with established risk management procedures and risk parameters
• Identify market opportunities and formulate trading strategy to optimize risk/return
• Input all executed trades directly into the Front Office Systems in a timely manner
• Monitor and manage position risk
• Partner with Structuring and Sales in providing client solutions
• Partner with and inform risk functions including obtaining risk approvals as necessary
• Keep abreast of the markets and risk by staying informed of economic, regulatory and technological changes

Management and Reporting

• Report daily PnL, risk and key market movements to management and partners as required
• Escalate issues requiring management attention

Mandate

• Ensure strict compliance with the mandate attributed to the desk
• Sign the mandate in the MRL tool according to the procedure currently in place with the Bank
• Ensure that processes are in place for appropriate identification, escalation, review and response to any actual or potential violation of the regulations

Risk

• Establish relationships with key risk functions
• Contribute to the evolution of overall risk parameters and processes
• Assist with managing and hedging the overall risk of the Repo & Secured Funding portfolio on an intra‑ and inter‑day basis
• Ensure adherence with regard to position and risk limits
• Ensure adherence to the overall risk limits, including both credit and market risk, as set for Repo & Secured Funding
• Ensure adequate systems and information flow to allow monitoring and management of these risks

Salary Range: $130k-$160k