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XA Credit & Rates Trader

Vacancy details

General information


About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)

Crédit Agricole CIB is the corporate and investment banking arm of Credit Agricole Group, the 12th largest banking group worldwide in terms of tier 1 capital (The Banker, July 2021). Nearly 8,600 employees across Europe, the Americas, Asia-Pacific, the Middle East and Africa support the Bank's clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.

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Job description

Business type

Types of Jobs - Corporate & Investment Banking

Job title

XA Credit & Rates Trader

Contract type

Permanent Contract

Job summary

Responsible for trading within the limits authorized – i.e. respecting the risk parameters and the limits set for the books/products - for the Non Linear xAsset EMEA desk, in order to optimize risk adjusted P&L in accordance with the objectives set in advance.


As part of CA-CIB's overall strategy and existing business plans, the incumbent will be able to implement the strategy within the business line, in accordance with the decisions of the Head of Cross Asset Credit & Rates.


Trades are predominantly in Credit/G10 Rates but the trader will be expected to trade our other books in support if required. Products will include Credit, Rates, Inflation, FX, and Equity.


Key Responsibilities

1.      Trading and business strategy:

·        Market making for xAsset Credit & Rates Trading desk clients

·        Execution of operations in accordance with the procedures defined in terms of risk management and risk parameters

·        Design trading strategies and align them with market opportunities

·        Be aware of all economic and financial data likely to affect the market and keep abreast of changes occurring in the markets

·        Communicate prices for new products and for specific customer transactions. The price must ensure the Bank an appropriate remuneration for the main level of risk as well as for the amount it takes on its balance sheet in the context of these specific operations

·        Enter directly without delay the operations carried out in the Front Office systems

·        Development of trading tools and improvement of existing procedures

·        Provide technical assistance and advice to juniors


2.      Management and Reporting

·        Reporting to management, on a daily basis, the results, the risks and the main movements on the markets

·        Reporting to the Head of xAsset Credit & Rates Trading on an informal basis on the progress of the activity and specific issues


3.      Mandate

·        Ensure strict compliance with the mandate attributed to the desk

·        Sign the mandate in the MRL tool according to the procedure currently in place with the Bank


1.      Risk

·        Manage and cover the overall risk of the Non Linear EMEA desk:

o   Ensure adherence to position and risk limits

o   Ensure compliance with overall risk limits, in particular credit risk and market risk, as set for the xAsset Credit & Rates desk

o   Ensure that there are documented clear and suppressed delegations for these limits for all trading books

o   Ensure the proper functioning of the systems and the flow of adequate information allowing the monitoring and management of these risks 

o   acceptable levels

·        Manage the risks of the trading book and keep these risks within the risk limits delegated by Market Risks as well as all the other limits set at the xAsset Credit & Rates desk


Position location

Geographical area

Europe, United Kingdom



Candidate criteria

Minimal education level

High school / Secondary school / A levels / AS levels / IB

Academic qualification / Speciality


Degree, preferably in a Mathematical / Scientific area, or A-levels followed by appropriate market relevant working experience.

Required skills

Experience essential:

Up to 3 years experience required


Experience desirable:

Experience in financial products related trading / risk management activities.



Team oriented.

Excellent communication skills and able to coordinate effectively with other Senior Managers, Sales, Structurers and Quants.

Ability to think quickly, make decisions using good judgement and prioritise in busy trading situations.

Ability to remain calm under pressure.

Technical skills required

IT literate.

Thorough knowledge of financial derivatives including market liquidity (ability to enter or exit a position) and volatility (magnitude / speed of price change), pricing and trading/hedging strategies.

Strong numerical, analytical and spreadsheet skills.