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12 Month Internship - XVA Trading Analyst

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 Crédit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022).
8,600 employees in more than 30 countries 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 market 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


By working every day in the interest of society, we are a group committed to diversity and inclusion. All our positions are open to people with disabilities.   



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Job description

Business type

Types of Jobs - Corporate & Investment Banking

Job title

12 Month Internship - XVA Trading Analyst

Contract type


Job summary


Responsible for assisting with the management of counterparty risk and capital usage for the CVA Trading Desk. This mainly encompasses analysis and reporting of the various adjustments for the GMD derivatives business and the build-up of the infrastructure, identification of the main risks across the global portfolio as well as the improvement of current pricing methodologies

Part of a Global team, 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.


Key Responsibilities

1. Assist GMD Business Lines with derivatives adjustments (XVA) reviews

· Ensure promptness and accuracy when analysing derivatives adjustment

· Ensure consistency across products and business centres


2. Assist with the further development of the CVA Platform

· Review methodologies for counterparty credit risk and funding costs calculation to be applied to new transactions together with Sales and Trading teams and in accordance with the bank’s hedging strategy.

· Improve monitoring and reporting tools to extensively assess risks across CA CIB exposures

· Interact with IT and Quantitative Research teams to design/improve systems architecture and modelling framework

· Help Improve pricing capabilities for both the CVA team and other desks, including Sales, Trading and Structuring


3. Assistance to senior traders

· Ensure P&L is explained, Risks are accurate

· Help where needed in the booking / Back-Office / Middle-Office processes

· Assist CVA traders in their various duties.


4. Management and Reporting

· Report Daily pnl, risk and key market movements to management by email

· Report to the Head of the CVA Trading Desk


5. Risk

· Ensure adherence with regard to position and risk limits, market and counterparty risk, pricing guidelines

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


6.     Communication

· Work closely with support functions to ensure accurate and efficient processing of trades

· Work closely to IT and Quantitative Research departments

· At any time, communicate to the management and concerned functions in case of problems.

· Attend regular meetings or conference calls with the other members of CVA Trading GMD group as requested and as appropriate to review market strategy and exchange ideas and any other pertinent information.

· Contribute to discussions with the other members of CVA Trading GMD teams as requested and as appropriate to review market strategy and exchange ideas and any other pertinent information.


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

Position location

Geographical area

Europe, United Kingdom



Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality



Good knowledge of front office working and eager to learn

Required skills

Strong initiative

Team oriented

Excellent communication skills

The ability to think quickly, make decisions using good judgement and prioritise in busy situations

Ability to work efficiently with a great number of different teams within the bank

Technical skills required

Strong quantitative background and IT skills