Collateral XVA Trader

Crédit Agricole CIB; Greater London; Hybrid; GBP 120,000 - 180,000; Full time

Job summary

Crédit Agricole CIB seeks an XVA & Collateral Trader in London to lead pricing, hedging and optimisation of collateral valuation adjustments across a diverse derivatives portfolio. You will manage collateral for cleared and non-cleared OTC trades, acting as a bridge between desk, sales, and trading teams.

The role requires deep XVA expertise, strong credit knowledge, and excellent quantitative skills. Collaboration with quants, structurers and risk managers is essential in a fast-paced, hybrid

Qualifications

• 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 pricing and risk management
• Strong credit knowledge and understanding of derivatives, liquidity, and volatility
• Excellent numerical, analytical, and spreadsheet skills with Bloomberg/Reuters proficiency
• Team player with clear communication to senior managers, sales, and quants

Responsibilities

• Price and hedge MVA and ColVA across derivatives portfolio; implement transfer pricing for scarce resources
• Trade repo markets to optimise collateral funding costs and build pricing/risk frameworks
• Manage daily margin calls and collateral movements with counterparties and CCPs
• Define and execute collateral and funding strategies; support CSA negotiations
• Report portfolio metrics and risk drivers; provide technical insights to management
• Advise sales on market developments and product pricing while monitoring regulatory changes

Skills

Mathematics degree

Financial trading experience

XVA pricing

Collateral management

Bloomberg proficiency

Education

Mathematics/Science degree

A-levels with market experience

Tools

Bloomberg

Reuters

Job description

Types of Jobs - Corporate & Investment Banking

Job title

Contract type

Permanent Contract

26/01/2027

No

Job summary

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

Supplementary Information

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 foster 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.

Our hiring process is open to all. Should you require any accommodations, please let us know.

Geographical area

Europe, United Kingdom

City

London

hybrid

Bachelor Degree / BSc Degree or equivalent

Degree, preferably in a Mathematical / Scientific area, or A-levels followed by appropriate market relevant working experience.

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.

Required skills

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.

Technical skills required

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

General information

Entity

About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)

Crédit Agricole CIB is the corporate and investment bank of the Crédit Agricole group, the 10th largest banking group in the world *.

We support major companies and financial institutions in their development and the financing of their projects.

As pioneers in responsible finance, social and environmental commitments are at the heart of our activities.

Joining our teams means working in a multicultural environment, both dynamic and stimulating, where you will contribute to developing a sustainable economy.

We support employees throughout their journey: you will develop your skills and access various mobility opportunities among the diversity of our businesses in more than 30 international locations.

Our culture is built on collaboration, innovation and openness, where everyone is valued and empowered.

By working every day in the interest of society, Crédit Agricole CIB aligns with the Group values committed to diversity and inclusion and placing people at the heart of all its transformations.

All our jobs are open to people with disabilities. We welcome applications from candidates of all backgrounds and experiences.

Ready to take part in our mission ?

*By balance sheet size - The Banker, Juillet 2025