XVA & Collateral Trader – London
About the Role
Join our Collateral and Trading Desk as an XVA & Collateral Trader, where you'll take centre stage in pricing, hedging, and optimising collateral valuation adjustments across our derivatives portfolio. Based in London within our Scarce Resources Management and XVA Trading (SRT) team, you'll manage collateral portfolios for cleared and non-cleared OTC derivatives while serving as a key interface between desk, sales, and trading teams.
What You'll Do
- Price and hedge MVA and ColVA across our derivatives portfolio, implementing internal transfer pricing mechanisms for optimal scarce resources allocation
- Actively trade repo markets to optimise collateral funding costs and develop analytical frameworks to support pricing and risk management
- Manage daily margin calls and collateral movements with counterparties and CCPs, analysing portfolio dynamics to identify optimisation opportunities
- Define and execute collateral and funding strategies aligned with business objectives, supporting commercial negotiations on CSA terms
- Report key portfolio metrics and risk drivers to management, providing technical support and market insights across the organisation
- Stay ahead of regulatory developments and market dynamics, advising the sales team on future market developments and product pricing
Who You Are
- Degree in Mathematics, Science, or related field (or A-levels with relevant market experience)
- Proven experience in financial products trading or risk management
- Deep expertise in XVA (CVA, DVA, FVA) with hands-on experience pricing and risk managing XVA trading books
- Strong credit knowledge and thorough understanding of financial derivatives, market liquidity, and volatility
- Excellent numerical, analytical, and spreadsheet skills with proficiency in Bloomberg and Reuters
- A collaborative team player who thinks quickly, makes sound decisions under pressure, and communicates effectively with senior managers, sales, structurers, and quants
Nice to Have
- Advanced experience in collateral management and liquidity optimisation
- Knowledge of regulatory developments in derivatives trading and collateral management
- Experience with repo markets and funding strategies
Regulatory Requirements
CP8/CP6 Certified Persons Registration required
Commitment to compliance with all applicable legal, regulatory, and internal requirements
.
Our commitment to you!
Make an impact that matters
Your work contributes to a social responsibility and sustainable future. As a founding signatory of the Equator Principles and a global leader in sustainable finance, we finance projects that benefit both people and the planet. You can extend your impact through our Charities Committee, which provides annual paid volunteering leave to support causes you care about.
Grow without limits
Access development opportunities across the Crédit Agricole Group; whether deepening expertise, exploring new skills or taking on roles across borders. Our structured mentoring programme connects you with experienced colleagues, while cross-functional projects and learning initiatives help you build the capabilities that matter most to you.
Thrive in a culture built on trust
Be part of a collaborative environment built on trust, autonomy, and empowerment. Diversity is celebrated through our SPRING Diversity network, and our Sports and Social Club fosters genuine connections beyond the workplace. Crédit Agricole CIB is not just a place to work, it is a place where you can make a positive impact.
Shape the future of banking
From digital transformation to innovative solutions, you are fully supported to challenge conventions and turn ideas into reality.
Join us
Our hiring process is open to all. Should you require any accommodations, please let us know.
Degree, preferably in a Mathematical / Scientific area, or A-levels followed by appropriate market relevant working experience.
Experience in financial products related trading/ risk management activities.
Strong credit knowledge
Strong knowledge on XVA
Experience in pricing/trading and risk managing of XVA trading book, where applicable.
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.
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
Create candidate area
