XVA Trader, Vice President

Crédit Agricole SA; New York (NY); On-site; USD 200,000 - 250,000; Full time

Job summary

Crédit Agricole SA is seeking a seasoned trading professional for its Scarce Resources & Trading (SRT) team in New York. The role involves pricing and managing XVA, overseeing pre-trade and post-trade analyses, and optimizing scarce resources. Candidates with 6-10 years of relevant experience in financial products trading and strong knowledge of XVA will thrive in this position.

The successful candidate will demonstrate excellent analytical and communication skills while collaborating closely with various teams to ensure consistency and compliance in pricing methodologies.

Qualifications

• 6-10 years of experience in financial products trading/risk management.
• Proficient in pricing, trading, and risk management of XVA.
• Excellent communication and coordination skills.

Responsibilities

• Pre-trade pricing of XVAs on the GMD perimeter.
• Participate in trading strategy discussions.
• Ensure compliance with the mandate attributed to the desk.

Skills

Financial products trading

Credit knowledge

XVA knowledge

Numerical skills

Analytical skills

Spreadsheet skills

Education

Degree in Mathematical/Scientific area

Job description

Reporting globally to the Head of Scarce Resources & Trading (SRT) and locally to Head of trading (GMT) and within Global Market Division, in charge of SRT in the Americas assuming the following roles.

Key Responsibilities

• Pre-trade pricing of XVAs on the GMD perimeter
• Post-trade analysis and ensuring consistency for the Profitability Analysis computations
• Collaboration with Structuring and other functions for post-trade optimisation
• Execute transactions in accordance with established risk management procedures and risk parameters by delegation to head of trading XVA and Risk Management (TRM)
• Credit analysis link to sensitive or significant transaction
• Participate to trading strategy and relate these to market opportunities in relation with the head of trading XVA and Risk Management (TRM)
• Execute Scarce Resources optimization strategy
• Act as primary SRT representative in the region, leading discussions with business lines to drive initiatives regarding pricing methodologies, optimisations and strategic deal flow presentations

XVA Specific

• Ensure actively the three components of the Mandate: pricing of XVAs, risk management of XVAs and optimisation of Scarce Resources
• Proactively engage and advise Sales, Trading, and Coverage teams, translating complex pricing and balance sheet impacts into actionable business support. Support client discussions via Sales when necessary
• Presenting and participating in external client meetings and conferences on XVA topics
• Look for and collect feedback on XVA pricing to benefit the team’s knowledge
• Participate actively in methodology improvements concerning XVAs and Regulatory topics: development of new models, parameterisations, quantitative studies
• Ensure XVAs are aligned with market standards and regulatory constraints, and provide continuous improvements to the XVA setup in order to maintain an exhaustive and comprehensive pricing framework. Representing the bank in industry workgroups
• Participate in the continued improvement of the XVA ecosystem and pricing strategies
• Ensure that the reporting and analysis performed are maintained and produced in an accurate and timely manner
• Provide advice and opinion on credit for any specific and large transaction reported to top management
• Participate in product design of XVA optimization strategy
• Mandate:
• Ensure strict compliance with the mandate attributed to the desk
• Sign the mandate in the internal tool according to the procedure currently in place with the Bank
• Under this mandate, the generation of NBI is not part of the assigned objectives. The assigned objectives are defined around efficient management and in line with the mandate of pricing, risk management and optimization of scarce resources

Salary Range

$200k-$250k

Supplementary Information

Strategy and Business Planning

• Be aware of economic and financial data likely to affect the market and keep updated on market changes
• Take views on future market developments and advise the sales team accordingly
• Provide product pricing for both new products as well as specific client transactions
• Pricing must ensure that the Bank is adequately compensated for the level of principal risk and the amount of balance sheet it dedicates to specific transactions
• Keep abreast of the markets and upcoming updates in regulations by reading the financial press and available economic research
• Input all executed trades directly into the Front Office Systems in a timely manner
• Provide technical support and direction to colleagues and internal stakeholders

Managing and Reporting

• Report to NY local Head of trading
• Participate to the cross knowledge and the SRT Academy
• Report any specific transaction

Risk & Controls

• In conjunction with the Head of TRM and RAM (Risk Architecture and Models), establish overall risk parameters
• Foster a culture of compliance and adherence with regard to position and risk limits

Geographical Area

America, United States Of America

Education

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

Level of Minimal Experience

6-10 years

Experience

Experience Essential:

• 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

Certifications

• CP8/CP6
• 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

Skills & Knowledge Requirements

• 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

Legal and Regulatory Responsibilities

• Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the London Compliance manual and the Financial Crime Policy. Complete any mandatory training in line with legal, regulatory and internal Compliance requirements
• Continuously develop expertise to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence
• Refrain from taking any steps which could lead to the removal of certification of fitness and propriety to perform the role
• Undertake all necessary steps to satisfy the annual certification process
• Comply with all applicable conduct rules as prescribed by the relevant regulator

EEO Statement

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