Trainee - xVA Trader

SGS Société Générale de Surveillance SA; London; On-site; GBP 50,000 - 80,000; Full time

Job summary

A leading financial services company is seeking a professional to assist xVA traders in pricing derivatives and managing xVA workflows. The role requires a degree in Finance or Mathematics and offers the chance to contribute to innovative pricing and risk management systems within a dynamic team environment.

Qualifications

• Degree or equivalent in Finance, Mathematics, or related discipline.
• Experience in derivatives pricing is highly advantageous.
• Excellent written and spoken English skills.

Responsibilities

• Assist xVA traders with pricing derivatives across all asset classes.
• Monitor xVA fee workflows in collaboration with support teams.
• Help optimize existing derivatives portfolios.

Skills

Derivatives pricing

Counterparty exposure calculation

Regulatory constraints

Resource constraints

Time management

Independent working

English communication

Education

Degree in Finance

Degree in Mathematics

Job description

Responsibilities

Description of the Business Line or Department

The Fixed Income & Currencies (FIC) division offers access to a broad scope of exposure and opportunities across the Interest Rate, Foreign Exchange, Inflation, and Multi-asset universes.

Supported by extensive research, engineering, trading, and e-commerce capabilities, we provide strategic insights, flow information, competitive pricing, and seamless execution to our clients across rates, credit, FX, and emerging markets.

Summary of the key purposes of the role

• Assist xVA traders with daily tasks
• Contribute to projects led by the team manager
• Assist with xVA management
• Collaborate with research and development teams to improve xVA pricers

Summary of responsibilities

• Assist xVA traders with pricing derivatives across all asset classes traded within Capital Markets
• Explain pricing assumptions and calculations to Capital Markets sales and trading teams
• Monitor, in collaboration with support teams, the xVA fee workflows
• Help xVA traders optimize existing derivatives portfolios to reduce CVA, CVaR, capital, and funding costs
• Assist in implementing and monitoring processes for internal and external optimization tools
• Contribute to the development of pricing and risk management systems for xVA

Profile required

• Degree or equivalent in Finance, Mathematics, or related discipline
• Derivatives pricing experience is highly advantageous
• Good understanding of counterparty exposure calculation
• Basic knowledge of regulatory constraints
• Basic knowledge of resource constraints impacting Global Markets
• Excellent written and spoken English skills
• Ability to work independently and manage workload
• Ability to organize time and meet strict deadlines in a busy Front Office environment

Why join us

We value the impact our people can have on our organization and the impact we have on them. Our flatter structure offers visibility and exposure beyond our competitors, fostering a personable and innovative environment built on passion, open-mindedness, and shared ideas. Our team spirit, based on community and respect, makes us unique and drives our collective success.

Business insight

If you believe you have the required experience and qualifications, please apply to the SG Resourcing Team. At Société Générale, our people are our strength, and we are committed to recruiting the best talent based on aptitude and ability, regardless of personal background or characteristics.