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XVA Projects & Transformation Manager

Vacancy details

General information


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 2019). Nearly 8,400 employees across Europe, the Americas, Asia-Pacific, the Middle East and North 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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Publication date


Job description

Business type

Types of Jobs - Corporate & Investment Banking

Contract type

Permanent Contract

Job summary


The XVA / Scarce Resources team created in 2013 is part of the Global Market Division (GMD). This 30 people strong team entails 3 sub teams:

·1 trading team : based in Paris, London and Hong Kong in charge of pricing XVA (Credit Valuation Adjustment (CVA) / Liquidity Valuation Adjustment (LVA) etc) + hedging to reduce PnL volatility

·1 Quants team based in Paris and London

·1 XVA Projects and Transformation team  (PBM) based in London and in Paris

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

·Reinforce Bank risk management

·Helping reach and maintain the right balance between Meeting accounting and regulatory constraints whilst remaining competitive

·Optimize scarce resources like Risk Weighted Assets (RWA), Leverage Ratio…

·Manage defaults

The mandate of the XVA Projects & Transformation team is to :

·Maintain the integrity of the desk :  processes, systems, methodology, budget and control in place to be able to operate

·Manage projects notably by accompanying the digitalisation and the transformation of the XVA business

· Conduct change Management in a proactive manner

Key Responsibilities for XVA Project Manager

Project / Change Management

XVA PROJECTS & TRANFORMATION TEAM is mostly a project team (50 to 80% of their tasks). Projects are related to regulatory changes, methodologies, pricing adaptation, Scarce Resources optimization and change Management. The XVA Project Manager should demonstrate a capacity to follow up project from A to Z and ensure the change management associated is done.

The demand for “Change Management” is high. Not only Sales but also coverage, support functions and even clients do request explanations and presentations about XVAs and how to optimize. Therefore the XVA Project 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 PROJECTS & TRANFORMATION TEAM change management campaigns and maintain high quality standards.

XVA Project Officer will also have to contribute to important cultural changes where GMD people should not only be driven by generation of additional revenue but also by PI and RWA considerations.

Some of the main projects where XVA Project Manager will be involved will include:
RWA Monitoring and optimization
o    Participate to set up accurate and flexible / lean RWA reports
o    Be an active contributor to change management campaigns
o    Be a point of contact for questions notably by Sales, Senior Bankers and coverage on RWA / PI issues
o    Work closely with ALM to converge as much as possible in terms of methodology and tools usage
o    Analyze the monthly RWA Upfront production with RPC and ALM
o    Promote usage of shared tools based of business intelligence outside XVA PROJECTS & TRANFORMATION TEAM

Position localisation

Geographical area

Europe, United Kingdom



Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

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

Required skills

• Banking experience in either a dealing room, a risk, audit/control or MO department or Business analyst / project manager position

• Motivation to work within the dealing room / project environment
• Good knowledge of Capital Markets product and risk associated

• Excellent communication skills and diplomacy - 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
• Initiative : XVA project Manager to offer solutions and be in charge of projects
• Eager to learn / curiosity,
• Flexibility
• Risk experience in Fixed Income Market products Market and / or credit risk
• Competencies on Finance and Financial Control
• Knowledge of Fixed Income

Technical skills required

• 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


Essential : English Desirable: French