Collateral Trader - VP/Director

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Types of Jobs - Corporate & Investment Banking

Job title

Contract type

Permanent Contract

Job summary

You will be part of a global team and be involved in a growing mandate on XVA & Scarce Resource management, focusing on developing new technologies to support the management of Derivatives activity.

The role involves trading within authorized limits on the Collateral desk, pricing various adjustments for the GMD derivatives business, enhancing XVA computation infrastructure, and improving XVA pricing methodologies.

KEY RESPONSIBILITIES:

1. Pricing XVAs and profitability on new transactions
2. Providing PnL explanations on COLVA and MVA
3. Active repo trading to optimize collateral funding
4. Implementing internal transfer pricing mechanisms for GMD scarce resources
5. Optimizing scarce resources through rebalancing with dealers
6. Developing IT tools and spreadsheets
7. Reporting key figures for CA-CIB collateral portfolio to management
8. Managing collateral portfolios from OTC derivatives (cleared and non-cleared):

• Daily margin call management with CA-CIB counterparties
• Analyzing MTM dynamics and CSA contracts for optimization
• Defining and executing collateral and funding strategies
• Negotiating CSA terms with clients
• Calculating and invoicing collateral funding costs
• Monitoring margins exchanged with CCPs

SPECIAL ROLE REQUIREMENTS:

• Proven trading interest (Repos, Money Markets, FX, IRS, Credit Derivatives)
• Proven risk management interest (credit risk, gap risk, sensitivities, VaR)
• Proven programming ability (VBA, SQL, others)
• Strong organizational and planning skills; ability to meet deadlines
• Excellent communication skills, both oral and written
• Team spirit and collaborative skills

Supplementary Information

Our commitment to you

Join Crédit Agricole CIB, the banking arm of the 10th largest global banking group (The Banker, July 2023). We offer more than just a job—an environment embracing CSR, innovation, and diversity.

As a pioneer in sustainable finance, our commitment to the environment and communities is integral to our work. We foster a people-centric culture with growth opportunities and a positive impact focus.

We are inclusive and open to adjustments for candidates with specific needs.

Position location

Europe, United Kingdom

City

London

Job description

Business type

Types of Jobs - Corporate & Investment Banking

Job title

Collateral Trader - VP/Director

Contract type

Permanent Contract

Job summary

Same as above, involved in XVA & Scarce Resource management, developing new technologies for derivatives management.

KEY RESPONSIBILITIES:

1. Pricing XVAs and profitability on new transactions
2. Providing PnL explanations on COLVA and MVA
3. Active repo trading to optimize collateral funding
4. Implementing internal transfer pricing mechanisms for GMD scarce resources
5. Optimizing scarce resources through rebalancing with dealers
6. Developing IT tools and spreadsheets
7. Reporting key figures for CA-CIB collateral portfolio to management
8. Managing collateral portfolios from OTC derivatives (cleared and non-cleared):

• Daily margin call management with CA-CIB counterparties
• Analyzing MTM dynamics and CSA contracts for optimization
• Defining and executing collateral and funding strategies
• Negotiating CSA terms with clients
• Calculating and invoicing collateral funding costs
• Monitoring margins exchanged with CCPs

SPECIAL ROLE REQUIREMENTS:

• Proven trading interest (Repos, Money Markets, FX, IRS, Credit Derivatives)
• Proven risk management interest (credit risk, gap risk, sensitivities, VaR)
• Proven programming ability (VBA, SQL, others)
• Good organizational and planning skills; ability to work under time constraints
• Excellent communication skills
• Team spirit and ability to collaborate effectively

Supplementary Information

Our commitment to you

Join our team at Crédit Agricole CIB, the 10th largest banking group worldwide. We promote CSR, innovation, diversity, and sustainability, aiming to make a positive impact through our work.

We value inclusivity and are willing to accommodate specific needs or adjustments.