Corporate Treasury is an evolving function responsible for managing the firm’s funding, structural interest rate and FX risk, as well as the firm’s High Quality Liquid Asset (HQLA) portfolio. We take a holistic view of asset and liability management and position the firm’s liquid asset buffer to meet long‑term risk management and yield optimization objectives. The team funds the firm using a broad range of unsecured and collateralized products, with a focus on harder‑to‑finance assets such as equities and non‑government fixed income. The division is looking to set up a two-person desk in Paris with a focus on EU executions and management of resources in GSBank Europe.
This division is ideal for collaborative individuals with strong quantitative and risk‑management capabilities. Treasury actively manages the firm’s financial resources in response to business activity, market conditions, risk appetite, regulatory developments and other factors.
Responsibilities and Qualifications
Corporate Treasury is seeking an Associate or Vice President to join its Funding and Portfolio Management Trading team in Paris. The desk works closely with other parts of Corporate Treasury as well as trading and structuring desks across the Global Markets Division. Key products used in Portfolio Management include European government bonds, SSAs, interest rate swaps, basis swaps, and a range of other macro instruments. Products in funding include repos, borrow pledges, bond borrows, secured notes, CDs, and benchmark debt. Team members are based in New York, London, Tokyo and Hong Kong.
Principal Responsibilities
Price and execute secured and unsecured funding transactions.Develop a deep understanding of the firm’s funding needs, constraints, and binding metrics which can then be utilized to partner with Sales to source trades that optimize funding.Contribute to macro trade idea generation across interest rate, basis, and asset swap markets; conduct portfolio analysis.Manage risk across the existing portfolio and new trades, including interest rate, basis, cross‑currency, funding, and FX risk.Manage the firm’s FX funding requirements.Execute and book trades accurately and efficiently.
Qualifications / Skills
Prior trading and/or investing experience is required4+ years of experience, with specific hand on exposure to interest rate risk management.Strong analytical, problem‑solving and quantitative skills.Solid understanding of economic, fiscal, and monetary policy.High level of enthusiasm, initiative, and work ethic.Proficiency in Excel and PowerPoint required; Python skills preferred.Ability to analyse information, form independent judgments, and articulate views clearly.Strong verbal and written communication skills.Bachelor’s degree required.ABOUT GOLDMAN SACHS
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