XVA Trader, Vice President

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

Job summary

Crédit Agricole Group is seeking a candidate based in New York for a critical role in the Americas focused on the pricing and risk management of XVAs. The ideal applicant will lead discussions and drive initiatives in this specialized area while ensuring compliance with market standards and regulations.

Responsibilities include advising trading and sales teams, engaging in external client meetings, and continuously improving XVA pricing frameworks. A salary range of $200k-$250k is offered for this position.

Qualifications

• Expertise in pricing XVAs and risk management.
• Strong analytical and communication skills.
• Ability to engage with Sales and Trading teams.

Responsibilities

• Drive pricing methodologies, optimizations, and strategic deal flow.
• Engage with clients and present on XVA topics.
• Ensure compliance with regulatory constraints and market standards.

Job description

Summary

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:

• 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.

Key Responsibilities

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 in order 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

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