Collateral Trader

Crédit Agricole CIB; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A major international bank in London seeks a motivated individual to join as a Collateral Trader. You will trade within limits on the Collateral desk, pricing adjustments for derivatives and improving XVA computations. Ideal candidates will have a Bachelor's degree, a solid mathematical background, and experience in trading and risk management.

Responsibilities

• Pricing of XVAs and Profitability on new transactions.
• PnL explain on COLVA and MVA.
• Active Repo trading to optimise the funding of the collateral book.
• Implementation of internal transfer pricing mechanisms for GMD scare resources.
• Optimization of scarce resources (Rebalancing runs with dealers).
• Participating in the development of IT tools, spreadsheets.
• Reporting to management the main driving figures for CA-CIB collateral portfolio.

Skills

Mathematical background

Experience in trading and risk management

Good work organization and planning

Excellent communication skills

Team spirit

Strong motivation, entrepreneurship, and commitment

Good knowledge in financial mathematics

Advanced knowledge in Python programming

Good knowledge in SQL programming

Education

Bachelor Degree / BSc Degree or equivalent

Job description

Collateral Trader

Crédit Agricole CIB London, United Kingdom

Crédit Agricole CIB is seeking a motivated individual to join our Global team as a Collateral Trader. This Front office role is part of a growing mandate on XVA & Scarce Resource management, with a focus on developing new technologies to assist with the Management of the Derivatives activity.

Job Summary

The role includes trading within authorised limits on the Collateral desk, pricing the various adjustments for the GMD derivatives business, improving the infrastructure of XVA computations as well as assisting with the ongoing improvement of XVA pricing methodologies.

Key Responsibilities

• Pricing of XVAs and Profitability on new transactions
• PnL explain on COLVA and MVA
• Active Repo trading to optimise the funding of the collateral book
• Implementation of internal transfer pricing mechanisms for GMD scare resources
• Optimization of scarce resources (Rebalancing runs with dealers)
• Participating in the development of IT tools, spreadsheets
• Reporting to management the main driving figures for CA-CIB collateral portfolio

Candidate Criteria

To be successful in this role, you will need:

• Minimal education level: Bachelor Degree / BSc Degree or equivalent
• Mathematical background
• Experience in trading and risk management
• Good work organization and planning
• Excellent communication skills
• Team spirit
• Strong motivation, entrepreneurship, and commitment
• Good knowledge in financial mathematics
• Advanced knowledge in Python programming a plus
• Good knowledge in SQL programming a plus

Our Offer

Join our team at Crédit Agricole CIB, the corporate and investment banking arm of the 10th largest banking group worldwide. We offer a dynamic and collaborative work environment where CSR is embraced, innovation is encouraged, and diversity is celebrated.

Our commitment to sustainability and corporate responsibility means that your work will have a positive impact on our communities and the environment. We are an equal opportunities employer and welcome applications from all qualified candidates.