Summary: Associate on the US Debt Syndicate Desk
This position is part of the Global Bond Debt Syndicate team for GMD located in New York. This desk works in conjunction with Debt Capital Markets to originate and execute new issue bond transaction for Credit Agricole’s Corporate and Financial Institution clients in the US Dollar market. Within the Capital Market Funding (CMF) department, the Bond Syndicate team is responsible for pricing and selling all types of new bond issues across IG, ABS and USPPs. The role will work across all aspects of deal execution.
Key Responsibilities
Work directly with Head of Syndicate, Americas to originate and execute new bond issuance
Prepare regular pricing updates by analysing and compiling market comparables
Prepare internal and external marketing materials and updates
Manage book building process via e-book/ IssueNet/Directbooks for transactions
Ensure all transactions are recorded accurately in the risk system and timely reconcile all discrepancies
Produce validated market risk reports and P&L statements on a daily basis
Work with the Back- and Middle Office department to settle various transactions
Back-up on live deals across the desk’s activities when the lead syndicate manager is unavailable
Management and Reporting
Reports to Head of Syndicate, Americas
Attend regular meetings with Syndicate and Debt Capital Markets (and Securitization) teams to review market strategy, current market trends, exchange trade ideas and receive updates on administrative matters.
In conjunction with management, establish overall risk parameters
Ensure adherence with regard to position and risk limits
Adhere to given risk limits at all times
Manage and hedge primary positions as instructed by Head of Syndicate on an intra- and inter-day basis
Requirements
Excellent oral and written communication skills
Ambitious and self-motivated
Organizational skills and multitasking are important since the candidate will need to work on medium term projects in parallel to day-to-day tasks
Strong Excel, PowerPoint and Word skills
Autonomy and confidence will be necessary as the candidate will need to interact with various departments of the bank
Bachelor’s degree from a highly accredited institution in related field
Previous experience from a syndicate role is preferred
Key Internal Contacts
Chief Operating Office (Local and Global Business Manager)
Team members – Global Syndicate and Debt Capital Markets
Market Activity Monitoring (MAM) / Market Risk – provision of daily P&L and risk reports
Back Office / Middle Office
Systems Used
Internal – MS Office, Intranet, Murex
External
Bloomberg
Salary Range: $150-225k
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