Guggenheim Partners Investment Management (GPIM) is looking for an outstanding candidate to join its Short Investment and Funding Solutions desk in Santa Monica, California. As part of the trading team, the desk sources, structures and executes transactions to provide GPIM's accounts with leverage (repo, prime brokerage, credit facility) and short-term investment solutions (incl. reverse repo). This position will require trade execution, position monitoring, risk management and reporting, as well as constant communication with portfolio managers, operations, and trading counterparties.
In collaboration with the rest of the team, the candidate is expected to:
Participate in the day to day management of the long / short financing book. In particular:
Collaborate with PMs to manage a funding / liquidity strategy for each account based on investment guidelines, portfolio strategy and assets holding;
Negotiate and execute transactions in conformity with each account's investment guidelines, and GPIM's risk, execution and desk policies;
Optimize collateral and assist Operations with the margining process (collateral, pricing dispute).
Manage the risks of the book. In particular:
Identify risks (e.g. counterparty risk, liquidity risk), build / improve desk tools and reporting;
Implement adequate mitigation action in agreement with PMs, control functions and trading management;
Propose innovative solutions and trade ideas for the benefit of Guggenheim clients;
Maintain and expand relationships with trading counterparties to ensure proper risk diversification and liquidity;
Collaborate with the client reporting team to provide adequate information to Guggenheim clients;
Strongly contribute to the operational excellence, the documentation and improvement of the processes of the desk, with a strong emphasis on automation;
Stay up to date on current market conditions and be able to provide market color.
Manage ad-hoc projects across different teams as necessary.
Excellent interpersonal and communication skills;
Outstanding attention to detail in a fast-moving environment;
Self-starter / ability to manage projects with autonomy;
Strong analytical capacity / appetite for complexity;
Acute sense of priorities and time management.
BA / BS required with a strong academic background;
Strong understanding of the different funding markets (repo, prime brokerage, cash management, derivatives);
Understanding of different financing and collateral structures; including leverage, legal documentation, and collateral, etc.
Regulatory environment (Banks, 40 ACT, Insurance);
Market structure related to repo and financing.
VBA/Excel/Python programming skills and Bloomberg expertise;
Experience in cash management and short term investment products (T-bills, CP) is a plus;
Progression towards the CFA Charter is a plus;
Familiarity with the Blackrock Solutions Aladdin system is a plus.
5-7 years of experience on a repo desk / short term investment desk.
To succeed in the Guggenheim culture, candidates must be self-starters and strive for results. We are looking for people, who operate as business owners, adhere to the highest standards and think creatively to realize opportunities, wherever they may be.
Guggenheim Partners is an Equal Opportunity Employer committed to a diversified and inclusive workforce.