This section contains all our capital markets jobs. If you work in the capital markets division of an investment bank you could do anything from originating, to structuring, to syndicating. Origination specialists are usually senior capital markets bankers. Their job involves a lot of travel as they meet clients in an effort to gain insight into their financing needs and persuade them to offer business to the bank.
By comparison, structurers are desk-bound. They spend their time creating complex financial products to suit a company's financing needs as communicated by the originators.
It's up to the people on the syndication desk to ready the market for the sale. They calculate the best price range for the product in question, assess demand, and make sure the correct documents are in place.
Financial products are born or "originated" in the capital markets divisions of investment banks. There, capital markets bankers produce the securities used by companies and institutions who want to raise money on the public markets. Their two main products are stocks, which are traded on the equity capital markets, and bonds, traded on the debt capital markets.
Investment banks act as "underwriters" on behalf of the company issuing stocks or bonds. In return for a fee known as the "underwriting spread", they assume the risk of issuing the securities and do the work necessary to bring them to market.
Equity capital markets (ECM) bankers help companies raise money by issuing shares. As underwriters, they guarantee that they will sell the shares the company is issuing for a certain price. If they can't find enough people to buy the shares at the price they've agreed with the client, the bank is obliged to buy the shares itself. These shares might be part of an initial public offering (IPO), or a rights issue.
Debt capital markets (DCM), meanwhile, deal with saleable units of debt in the form of bonds, including treasury bonds issued by governments, investment grade bonds issued by companies and high yield bonds, which are more likely to default and therefore pay a higher rate of return. DCM is also called the fixed-income market.
Jobs in capital markets divisions also include issuing more complex products, such as equity-linked securities - or bonds that can be converted into equities at a pre-arranged price - and derivatives.
Some likely careers and job titles in capital markets include: Senior Originator Specialty Lending; Risk Manager; Equity Derivatives Product Control; Junior FICC Structurer; and Debt Capital Markets Analyst, to name a few.
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.
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|Director - Transaction Management / Group Funding||Profusion Group Highly competitive||Australia-Sydney||21 May 13|
Transaction management for secured and unsecured debt issuances plus hybrids
|Associate - Mergers & Acquisitions||Anton Murray Consulting $160,000 - $220,000||Australia-Sydney||14 May 13|
A leading global advisory business, looking to introduce an established investment banking Associate to their...
|Analyst - Investment Banking||Anton Murray Consulting $120,000 - $135,000||Australia-Sydney||14 May 13|
Tier one Investment Bank strengthening at 2nd/3rd Year Analyst level
|Director / Associate Director - DCM Advisory||Anton Murray Consulting $150 - 200k + Super + Annual Bonus||Australia-Sydney||14 May 13|
Our client, leading portfolio and capital management business, is seeking an Executive Director within their C...
|M&A - Senior Analyst & Associate, Top Tier Boutique||Anton Murray Consulting Competitive||Australia-Sydney||14 May 13|
Due to increasing deal flow, this top tier independent advisory house is seeking a Senior Analyst and Senior A...
|Private Client Advisors||Lemsec Competitive Commission||Australia-Sydney||14 May 13|
We are looking for people who possess a passion for financial markets and who enjoy working closely with a sou...
|Associate - Equity Capital Markets (ECM)||Anton Murray Consulting Market leading||Australia-Sydney||14 May 13|
A leading underwriter of equity and equity-linked offerings world wide, this iconic business is a true market ...
|Research Executive - Infrastructure and Construction||Michael Page Financial Services 120000||Australia-Sydney||05 May 13|
•$120,000 - $130,000 depending on experience •Fast paced dynamic global organisation
|Capital Markets User Experience Business Analyst||Hays Negotiable||Australia-Sydney||10 Apr 13|
We are looking for a career Business Analyst and somebody who really understands the core aspects of the Busin...
|Senior Product Control Analyst, multi asset class||Porterallen bonus||Australia-Sydney||03 Apr 13|
Brief description: As a senior member of the Product Control team in an international bank you will be expect...
|Investment Banking||Oceans Group Negotiable||Australia-Sydney||20 Mar 13|
Analysts and Associates Sydney and Melbourne
|Senior Product Control Analyst, multi asset class||Porterallen bonus||Australia-Sydney||01 Mar 13|
Brief description: As a senior member of the Product Control team in an international bank you will be expecte...