Job Description:
Guggenheim Treasury Services (GTS), a structured financing business within Guggenheim Partners, is seeking an experienced individual to join its trade execution team as an Associate or Vice President.
GTS runs a platform that involves issuance of asset-backed commercial paper to raise funding that is then used in structured funding transactions with bank clients. The structured funding transactions are arranged in a variety of formats, including total return swap, repo, securities lending, loans and other bespoke structures.
As a member of the trade execution team, the candidate will be involved in all aspects of business with our bank clients. The work will include managing and executing transactions with existing clients, as well as working with new clients to establish funding facilities and trading relationships.
Experience in funding (repo, sec lending) and derivative markets is required. Familiarity with total return swaps is strongly preferred, and experience in fixed income TRS is especially favorable. Familiarity with financing documentation (GMRA, GMSLA, ISDA, credit agreements) along with experience managing collateral and custody arrangements is preferred as well. Relevant experience could be from front office work on a funding desk, or from middle office work in support of a trading or funding desk. Experience in an equity prime brokerage (PB) environment, or in a structured funding group (credit funding, loan TRS), would be beneficial.
The position is in our New York City office and is expected to report onsite at least 4 days per week.
Essential Job Functions- Work closely with Origination team and other GTS team members to deliver customized funding solutions to bank clients
- Model and price funding transactions using Excel based on terms agreed with clients as well as internal funding considerations
- Obtain necessary internal approvals to transact with clients, which requires synthesizing relevant transaction details into requests for approval, and addressing questions and concerns from colleagues in the business
- Coordinate execution of funding transactions (repo, sec lending, swap, loan, etc.) as well as related hedges for swap transactions, involving purchase of equities, bonds, loans and other securities as required
- Review transaction documentation prepared by operations group to ensure it matches terms agreed with client
- Contribute to process of valuing securities referenced in swap transactions
- Contribute to process of negotiating deal documents such as ISDAs, GMSLAs, MRAs and Master Confirmations
- Assist with various ad-hoc and special projects as directed by management
- Experience in an equity prime brokerage (PB) environment, or in a structured credit funding group (including loan TRS), would be beneficial
- Knowledge of funding markets and funding transaction structures
- Exceptionally strong attention to detail
- Comfortable operating under pressure in a dynamic environment
- Develops rapport with clients and operate at all times with a client-oriented mindset
- Willingness to follow internal procedures
- Ability to adapt and to help improve how we transact with clients and how we operate internally
- Minimum of 2 years of relevant experience in derivatives, repo and/or funding markets; relevant experience could be front office in a trading environment or middle office in support of a trading or funding desk.
- Proficiency in financial modeling in Excel, familiarity with PowerPoint
- Currently, this role is expected to report in the New York City office at least 4 days per week.
- Annual base salary between $100,000 and $175,000.
The base salary range represents the low and high end of the anticipated base salary range for this position. Actual base salaries may vary depending on factors such as location and experience. The range listed reflects base salary only, and the total compensation package may include other components such as incentive compensation.
About Us:
Guggenheim Partners is a diversified financial services firm that delivers value to its clients through two primary businesses: Guggenheim Investments, a premier global asset manager and investment advisor, and Guggenheim Securities, a leading investment banking and capital markets business. Guggenheim’s professionals are based in offices around the world, and our commitment is to deliver long-term results with excellence and integrity while advancing the strategic interests of our clients.
Guggenheim is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Learn more at GuggenheimPartners.com, and follow us on LinkedIn and Twitter @GuggenheimPtnrs."
Guggenheim Partners Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Guggenheim Partners and has not been reviewed or approved by Guggenheim Partners.
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Fair & Transparent Compensation — Pay is considered competitive versus market in many roles, especially in front‑office and specialized positions. Salary bands and total compensation appear aligned with peer firms for investment banking and select technical roles.
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Healthcare Strength — Core medical, dental, and vision coverage is viewed as comprehensive and strong. Additional options such as HSA/FSA and an EAP broaden the health and wellness offering.
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Retirement Support — The 401(k) program is regarded positively and includes an employer match. Plan quality and matching support are seen as meaningful components of total rewards.
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What We Do
Guggenheim Partners is a global investment and advisory firm with more than $325 billion in assets under management*. We have a track record of delivering results through innovative solutions across our three primary businesses of investment management, investment banking, and insurance services. Our Heritage Our history stems from Guggenheim Brothers, the Guggenheim family business dating back to the late 1800s. Guggenheim Partners began with the mission of creating exceptional value for our clients by applying the principles that made the Guggenheim family one of the most successful innovators, investors, and business managers in American history. These principles entail engaging highly talented people, challenging them to think creatively, and encouraging them to achieve extraordinarily high standards in their fields of expertise. Investing involves risk, including the possible loss of principal. *Assets under management are as of 3.31.2022 and include consulting services for clients whose assets are valued at approximately $81bn.
