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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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| Director FX Products | CME Group not disclosed | Chicago, IL, 60601 | 16 May 12 |
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See job description below
| Junior Financial Engineer | Ketchum Trading, LLC Competative base and incentives | Chicago, IL, 60604 | 16 May 12 |
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Ketchum Trading, LLC, a growing, privately held, proprietary trading firm is seeking a junior financial engine...
| Operations Manager | Robert Half Financial Service Group DOE | Chicago, IL, 60601 | 11 May 12 |
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Looking for a candidate with strong fixed income product knowledge from an operations perspective with broker/...
| Private Equity Financing | Robert Half Financial Service Group DOE | Chicago, IL, 60601 | 10 May 12 |
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This candidate needs to have a strong background in credit underwriting. The primary responsibilities include...
| Investment Banking M&A Associates | Michael Page International Competitive Base Salary + Bonus | Chicago, IL, 60601 | 04 May 12 |
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We are currently assisting our client, a middle market investment bank, in their search for investment banking...
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