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Career Opportunity

XVA Trader - Associate/ Vice President

Locations: London, England Job Function: Trading, Institutional Trading Employee Status: Regular Job ID: 20201701

Job Description

Job Purpose: A trader to work alongside an established CVA/XVA trading desk managing all aspects of deal pricing, book management and projects.

Job Background/context: The CVA/XVA desk is responsible for the pricing and subsequent risk management of trades in the rates and currencies business. The desk also manages and prices the use of funding and capital, as well as manages the business response to LIBOR transition. The desk prices transactions of varying sizes, and manages several portfolios of credit, rate, fx, volatility and basis risk. The desk works closely with corporate and institutional sales, risk management, finance and all rates & currencies trading desks.

Key Responsibilities: Provide XVA, funding and capital pricing to sales desks. Analyze and dynamically hedge risks, optimize costs of the CVA/XVA trading and funding books. Participate in LIBOR reform efforts, involves risk/data reconciliation and management. Work with quant and IT groups on modelling improvements. Work closely with relevant control functions, IT, quants and other internal groups.  Create, optimize and manage desk risk and p&l reports. Regular dialogue with internal trading desks and external sales coverage.

Person Specification

Knowledge/Experience:

Must have 2+ years working in a non-linear flow trading book, XVA trading business or related desk or function

Skills:

Very strong analytical and mathematical skill.

Comfortable with derivatives modelling concepts.

Strong excel + VBA/other programming skills & experience

Attention to detail.

Demonstrable team skills both within and across teams.

Ability to pick up new concepts and think outside the box.

Qualifications:

Undergraduate numerate degree or higher

Competencies:

As above

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Grade :All Job Level - All Job FunctionsAll Job Level - All Job Functions - GB

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