Positions in investment banks that facilitate the sale and management of funds in various markets, such as stock exchanges, management of public offerings, and various types of bonds, are known as capital market jobs. Jobs in the capital markets are divided into two categories: sales/trading and origination. Clients’ stocks, bonds, and other investments must be managed on a daily basis in sales and trading positions. The creation of stock or bond offerings for public sale is the responsibility of originators. Data analyst, risk analyst, associate, auditor, and manager are common job titles in the capital markets.
A client’s origination transaction is underwritten by an investment bank based on several factors. Various types of personnel are required for a successful origination. Though each company that requests debt or equity financing has its own procedure, the general procedure is the same in all cases. A data analyst must collect all relevant financial data about the client, the specific market in which the client operates, and the potential impact of the overall economy on the transaction. The data is then evaluated on its own merits by a risk analyst, who also considers the investment bank’s financial situation.
In the case of complex public offering deals, evaluation auditors may examine a client’s financial condition. All data and analysis are re-evaluated by the internal auditor to ensure that decisions are made based on accurate information. To ensure an objective assessment of the data, auditors are frequently asked to work independently from other investment bank personnel, particularly analysts and associates.
Associates in capital market jobs frequently serve as liaisons between the client and the rest of the investment bank’s staff. A master’s degree in finance or business administration with a focus on debt or equity capital management is common among associates. Capital market associates are more common in the sales and trading industry, but they can also be found in the origination industry. The associate is in charge of acquiring new clients and keeping them happy.
For various accounts, a capital market manager supervises a team of auditors, data analysts, risk analysts, and associates. A manager is frequently tasked with giving final approval to any deal negotiated by his or her subordinates. Junior and senior managers, sales and trade, origination, risk assessment, and internal audit managers are all types of managers in an investment bank. Each investment bank organizes its labor in a unique way, resulting in a wide range of managerial tasks from one bank to the next.