Summary

The Scarce Resources and XVA Trading is part of the Global Market Division (GMD). This team includes:

• XVA & Collateral Trading
• Quantitative Research
• XVA Strategy & Transformation (Business Development)
• ALM-GMD (Liquidity and Balance Sheet)

In the framework of major regulatory changes, the mandate of the team is to:

• Reinforce Bank risk management
• Maintain the right balance between meeting accounting and regulatory constraints whilst remaining competitive
• Optimize scarce resources like Risk Weighted Assets (RWA), Leverage Ratio…
• Manage and optimise collateral, Balance Sheet and liquidity for GMD
  
  

The mandate of the XVA Business Strategy & Development team is to :

• Maintain the operational efficiency of the Scarce Resources and XVA Trading desk
  o    focusing on: processes, systems, methodology, governance, default coordination  
• Conduct change Management in a proactive manner
• Coordinate Business projects
  
  

Key Responsibilities for XVA Scarce Resources and XVA trading Business Manager

Business Management and close business support:

• Ensure that all Scarce Resources and XVA Trading  Desks processes run smoothly
• Improve and automate any processes using state of the art technology in accordance with internal technological choices. Collaborate with cross-functional teams to streamline processes, improve operational efficiency, and enhance customer satisfaction
• Contribute to maintaining integrity of the XVA desk and reporting framework
• Provide pricing statistics analysis and reporting notably on Scarce Resources metrics via Power BI
• Increase consistency of reporting Tools:
• Work closely with the collateral management desk to reinforce or establish procedure and policies, robustness of the tools and convergence to the global XVA Desk ecosystem.

Change Management:

The Scarce Resources and XVA trading Business Manager will have to be involved with a wealth of different interlocutors to deliver quality presentations, lean processes optimisation solutions etc.
He/she should lead XVA Strategy & Transformation change management campaigns and maintain high quality standards.

Governance

• Make sure that the all the procedures are adhered to by XVA trading team members
• Ensure that all processes used by the Scarce Resources and XVA Trading Desks are properly documented, updated and accessible by the desk and other departments
• Participate to redaction of new procedure or evolution of existing procedure
• Working on New Product Processes (NAP/CSTC)
• Assist in the treatment of Operational risk incidents for XVA perimeter:

Business Projects

Some Business projects where Scarce Resources and XVA trading  Business Manager will be involved in coordination with the TTG project team will include:

• RWA Monitoring and optimization
• Profitability Workshops
• Working with Sales in each region to receive feedback on processes / operational issues:
• Continuous participation to the Scarce Resources and XVA Trading  Desks transformation by enhancing pricing tools capacity  capacities in coordination with XVA Trading

Legal and Regulatory Responsibilities

• Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the London Compliance manual and the Financial Crime Policy.
• Maintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence.

• Engineering school, University, or business school degree in finance or economy

• Motivation to work within the dealing room and support Business to make the set up as efficient as possible
• Banking experience in either a dealing room, a risk, audit/control or MO department or Business analyst / project manager position
• Good knowledge of Capital Markets product and risk associated

• Excellent communication skills - a lot of contacts with a wide range of interlocutors:  Sales,  Traders, support function, coverage.

• Autonomy and make sure to report where she / he stands on his / her assignments

• Analytical skills

• Project management skills  

• Good knowledge of banks and dealing rooms procedures and processes

• Eager to learn / curiosity,

• Flexibility

• Very good command of both Excel and PPT.
• VBA, as a lot of developments of new tools or maintenance of existing ones will be requested