XVA & Collateral Trader – London

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

Job summary

Crédit Agricole CIB in London seeks an XVA & Collateral Trader to price, hedge, and optimise collateral valuation adjustments across the derivatives portfolio. Based in our SRT team, you’ll manage collateral for cleared and non-cleared OTC derivatives and interface with desks, sales, and trading teams.

The role requires deep XVA expertise, strong numerical skills, and experience in risk management, with Bloomberg/Reuters proficiency, and a proactive collaborative approach.

Qualifications

• Requires degree in mathematics, science, or related field with market experience considered.
• Proven experience in financial products trading or risk management.
• Deep expertise in XVA (CVA, DVA, FVA) pricing and risk management.

Responsibilities

• Price and hedge MVA and ColVA across derivatives portfolio, with internal transfer pricing for scarce resources.
• Trade repo markets to optimise collateral funding costs and develop pricing/risk frameworks.
• Manage daily margin calls and collateral movements with counterparties and CCPs; analyse portfolio dynamics for optimisation.
• Define and execute collateral and funding strategies aligned with business objectives; support CSA negotiations.

Skills

XVA pricing

Risk management

Numerical analytics

Spreadsheet proficiency

Education

Degree in Mathematics, Science, or related field

Tools

Bloomberg

Reuters

Job description

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

Why Join Us?

This role offers significant exposure to regulatory developments and market dynamics that drive XVA pricing and competitiveness. You'll work at the forefront of derivatives markets, leveraging deep expertise to support market activity and ensure optimal balance sheet deployment.

If you're passionate about XVA trading, collateral optimisation, and making an impact in a dynamic trading environment, we'd love to hear from you.