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In this sector, you'll find all of our capital markets jobs. Work in the capital markets division of investment banks is greatly varied. Your job could involve anything from originating to structuring or syndicating. Origination specialists are often senior capital markets bankers. These jobs require large amounts of travel as the specialists need to meet clients personally to learn more about their financing needs and try to convince them to offer business to the bank.
In comparison, most structurers work in the office. They create complex financial products to match a company's financing needs, which are established by the originators.
The people working on the syndication desk must work to prepare the market for the sale. They work out the best price range for the product, assess potential demand for it and put together all the correct documents.
Financial products are created or "originated" in the capital markets departments of investment banks. Capital markets bankers working here create the securities needed by companies and institutions who are trying to raise money on the public markets. Their two main products are stocks, traded on the equity capital markets, and bonds, which are traded on the debt capital markets.
Investment banks are the "underwriters" for the company issuing stocks or bonds. In exchange for a fee which is called the "underwriting spread," they take on the risk of issuing the securities and carry out all the work required to bring them to market.
Debt capital markets (DCM), sometimes also called fixed income markets, handle debt that can be sold in the form of bonds, including treasury bonds issued by governments, investment grade bonds issued by companies and high yield bonds, which are riskier and as a result, pay a higher rate of return.
Equity capital markets (ECM) bankers assist companies to raise money by issuing shares. As underwriters, they guarantee that the shares the company is issuing will be sold at a certain price. If the bank is incapable of finding enough buyers to purchase the shares at the price previously agreed with the client, the bank must buy the shares itself. These shares could be part of an initial public offering (IPO) or a rights issue.
Jobs in capital markets could also involve issuing more complex products, like equity-linked securities (bonds that can be changed into equities at a previously determined price) and derivatives.
In order to secure a capital markets vacancy, you should have a strong, analytical ability and statistical aptitude, strong communication skills, ability to manage multiple projects and perseverance.
A few of the more common careers and job titles in capital markets are: Senior Originator Specialty Lending, Junior FICC Structurer, Equity Derivatives Product Control, Risk Manager and Debt Capital Markets Analyst.
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| Investor Sales - Japan Desk. Global Markets. | ANZ not disclosed | Australia-Sydney | 15 May 12 |
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A well rated fast growing Australasian bank is looking for an experienced Sydney based fixed income and rates ...
| Manager Agency Services | ANZ not disclosed | Australia-Sydney | 15 May 12 |
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Positioned within ANZ Institutional Banking - Structured Debt, Agency Services has a long-standing reputation ...
| ADVISORY SERVICES ANALYST & ASSOCIATE-DOMINANTE INVESTMENT BANK | Huxley Associates AU$130000 - AU$160000 per annum | Australia-Sydney | 14 May 12 |
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AMAZING OPPORTUNITY IN CURRENT MARKET FOR AN ANALYST AND ASSOCIATE TO JUMP START THEIR CAREERS.
| Analyst - Mergers & Acquisitions | Anton Murray Consulting $110-$140k AUD | Australia-Sydney | 07 May 12 |
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Due to increased deal flow and market share this highly regarded independent advisory firm are looking to attr...
| Vice President - Real Estate Investment Banking | Anton Murray Consulting Competitive | Australia-SA - Other | 07 May 12 |
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Continuing the strong flow of high profile cross-border investments into Australian real estate this progressi...
| Head of Fixed Income Sales, Australia | Jon Michel Executive Search Excellent | Australia-Sydney | 30 Apr 12 |
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International Fixed Income Broker & Dealer - Head of Fixed Income Sales, Australia - Lead Small Focused Team
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