Vacancy detailsGeneral informationEntity About Crdit Agricole Corporate and Investment Bank (Crdit Agricole CIB) Crdit Agricole CIB is the corporate and investment banking arm of Crdit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022). 8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North Africa, support the Bank's clients, meeting their financial needs throughout the world. Crdit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital market activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients. For more information, please visit www.ca-cib.com Twitter: LinkedIn: By working every day in the interest of society, we are a group committed to diversity and inclusion. All our positions are open to people with disabilities. Reference 2024-92399 Publication date 12/09/2024 Job description Business type Types of Jobs - Finance / Accounting Job title Associate - Securitization Quantitative Team Contract type Permanent Contract Job summaryOverview Crdit Agricole CIB offers its clients a large range of products and services in capital markets, investment banking, structured finance and corporate banking. The Corporate and Investment Bank is structured around six major divisions:
- Global Markets
- Client Coverage & International Network
- International Trade & Transaction Banking
- Global Investment Banking
- Structured Finance
- Debt Optimization and Distribution
The Bank provides support to clients in large international markets through its network with a presence in major countries in Europe, America, Asia Pacific and the Middle East. Global Markets handles all sales and trading activities on the primary and secondary markets (rates, credit, foreign exchange, fixed-income, securitization and treasury) for products designed for corporates, financial institutions and large issuers. These trading and sales entities are supported by dedicated research departments. The Securitization product line within the Global Markets division revolves around the origination and structuring of financing solutions backed by assets or cash flows for the clients of Crdit Agricole CIB. Securitization is a global product line offering all types of trading based on any type of asset or cash flow:
- without recourse or with very limited recourse to seller;
- with direct execution (cash flow ABS, project bonds, long-term ABS) or indirect execution (channels).
Key Responsibilities
- Ensure correct and robust implementation of the Bank securitization models in compliance with the internal methodologies for rating securitization exposures.
- Contribute to the team effort to improve internal models and measure their efficiency.
- Take in charge the modeling of securitization transactions in which the Bank takes part and contribute to the internal credit process.
- Handle capital requirement, liquidity costs and profitability indicator calculations for multiple asset classes.
- Contribute to the team research efforts on prospective asset classes (quantitative and regulatory analysis).
- Remain aware of Rating Agency's publications and contribute to answering Request for Comments.
Counterparties and Clients
- Key Internal Contacts
- Structurers
- Risk department
- ALM and Treasury departments
- IT for implementation in the Bank systems
- Management
Key External Contacts
- Occasionally, Rating Agencies, External Clients
Salary 115k-125k Position location Geographical area America, United States Of America City NEW YORK Candidate criteria Minimal education level Postgraduate degree - MA/MSc/PhD/Doctorate or equivalent Academic qualification / Speciality
- At least Master's degree level
Level of minimal experience 3-5 years Experience
- Relevant financial modeling ability to at least Master's degree level.
- Strong technical background:
- Monte Carlo simulation.
- Numerical optimization.
- Previous experience in a financial markets area is desirable.
Required skills
- Strong programming skills: Python, VBA, SQL, Excel Modeling.
- Strong knowledge of numerical methods such as Monte Carlo and Optimization algorithms.
- Mathematics, Statistics.
Technical skills required
- Good organization and planning skills.
- Strong motivation, entrepreneurship and commitment.
- Strong team spirit and the ability to interact with other team members and with rating agencies.
- Ability to work under time constraints.
- Good communication skills, both oral and in writing.
- Autonomy.
- Knowledge of securitization models and products and of the main interest rates and credit models and products.