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XVA Trader


Vacancy details

General information

Entity

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.


For more information, please visit www.ca-cib.com

Twitter: https://twitter.com/ca_cib
LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/
  

Reference

2022-68077  

Update date

13/06/2022

Job description

Business type

Types of Jobs - Corporate & Investment Banking

Job title

XVA Trader

Contract type

Permanent Contract

Job summary

Opportunity to work in a Global team focusing on the management/trading of Credit and Funding risks for the Global Markets activity. This is a Front office role suitable for a motivated individual to be part of a growing mandate on XVA & Scarce Resource management, and with a focus on developing new technologies to assist with the management of the Derivatives activity.


Job description
Responsible to help manage the Counterparty, Capital and Funding risks for the XVA Trading Desk. This includes pricing the various adjustments for the derivatives business, improving the infrastructure of XVA computations as well as assisting with the ongoing improvement of XVA pricing methodologies. The XVA Trading team has a Global presence covering all regions and products within the Global Markets Division of CA-CIB.

 

Key Responsibilities

  • Actively contribute to the key XVA desk mandates : pricing and risk management of XVAs, and optimisation of Scarce Resources.
  • Advise and explain to Sales, Trading and Coverage, and whenever necessary to clients via Sales, any subject concerning XVA.
  • Participate actively in methodology improvements concerning XVAs: development of new models, parameterisations, quantitative studies.
  • Development of the XVA Desk ecosystem and infrastructure, using new technologies where applicable (e.g. Machine Learning, Portfolio Optimisation).
  • Report to the Head of XVA Trading Desk on Market activity impacting XVAs, and other related issues.
  • Liaise with the control and support functions (Market Risk, Credit Risk, Legal, IT, Middle/Back office and Finance).

 

Position location

Geographical area

Europe, United Kingdom

City

London

Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

-Degree, preferably in a Mathematical / Economic or Scientific area

Required skills

Essential:

  • Excellent communication & interpersonal skills and able to coordinate effectively with other Senior Managers, Sales, Structurers and Quants.
  • Flexible, Team player with an inclusive approach
  • Innovative
  • Passionate about change
  • Detail oriented
  • Ability to think quickly, make decisions using good judgement and prioritise in busy trading situations.
  • Ability to remain calm under pressure.

Desirable:

  • Competent in a second language

Technical skills required

Essential experience:

  • Experience in financial products / derivatives markets and related trading/ risk management activities.

Desirable experience:

  • Experience in XVA (CVA/FVA/LVA/MVA/KVA) topics
  • Experience in Capital Optimisation / Scarce Resource Management
  • Knowledge of Basel III and other regulatory indicators
  • Experience in Trading and Risk Managing a trading book.
     

Essential: IT literate.

  • Strong numerical, analytical and spreadsheet skills.
  • Python, GitLab, VBA, C++ skills desirable