Collateral Trader

Crédit Agricole CIB; Greater London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading corporate and investment bank is seeking a motivated Collateral Trader to join their global team in London. This Front office role focuses on XVA & Scarce Resource management, where you will trade within authorized limits, price adjustments for derivatives, and assist in developing advanced technologies. Ideal candidates should have a Bachelor's degree, experience in trading and risk management, and skills in financial mathematics along with programming knowledge in Python and SQL. The role offers a collaborative work environment that promotes innovation and personal growth.

Qualifications

• Experience in trading and risk management is required.
• Strong quantitative skills and proficiency in financial mathematics are essential.

Responsibilities

• Pricing of XVAs and profitability on new transactions.
• Active Repo trading to optimize the funding of the collateral book.
• Participating in the development of IT tools and spreadsheets.

Skills

Good work organization and planning

Excellent communication skills

Team spirit

Strong motivation

Entrepreneurship

Commitment

Education

Bachelor Degree / BSc Degree or equivalent

Mathematical background

Tools

Python programming

SQL programming

Job description

Job summary

As part of a Global team, Collateral Trader 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. 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 scarce 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

Supplementary Information

Join our team at Crédit Agricole CIB, the corporate and investment banking arm of 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2025). We offer more than just a job.

You will be part of a dynamic and collaborative work environment where CSR is embraced in our day‑to‑day business operation, innovation is encouraged and diversity is celebrated.

Crédit Agricole CIB, the first French bank to have committed to the Equator Principles, is a pioneer and global leader in sustainable finance. Our commitment to sustainability and corporate responsibility means that your work will have a positive impact on our communities and the environment.

With a people‑centric culture where everyone is valued, and opportunities for personal and professional growth, Crédit Agricole CIB is not just a place to work – it is where you make an impact.

Our hiring process is open to all and should you have any particular needs or you may require adjustments, please let us know.

Position location

Geographical area: Europe, United Kingdom

City: London

Candidate criteria

Minimal education level: Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality: Mathematical background.

Experience: Experience in trading and risk management.

Required skills

• Good work organization and planning.
• Excellent communication skills.
• Team spirit.
• Strong motivation.
• Entrepreneurship.
• Commitment.

Technical skills required

• Good knowledge in financial mathematics.
• Advanced knowledge in Python programming a plus.
• Good knowledge in SQL programming a plus.