Senior Commodity Trader
4 weeks ago
Redstone Commodity Search is a leading provider of 360° search solutions to the global commodities markets. With a strong focus on competitive coverage of Trading Houses, Producers, Majors, Utilities, Merchants, Hedge Funds, Investment Banks, and Brokerages, Redstone Commodity Search offers a unique edge in today's volatile market.
We are currently working with a commodity trading house that has recently established an XVA desk and is seeking an XVA Trader to join the team in London. The successful candidate will play a key role in the build-out and development of the desk.
Key Responsibilities / Tasks
- Provide pricing and trade support to the XVA desk, as well as XVA pricing for the commodity trading desk, pre-trade (Energy, Oil & Metals).
- Assist with the initial build-out of tools and infrastructure for the desk (development into a trading position).
- Price upfront charges on trade activity for multiple XVAs to Marketing and provide explanations of the drivers.
- Support the marking of credit curves, volatility surfaces, and other calibration parameters in line with market observables and agreed policies.
- Support risk management across credit, commodities, rates, and FX.
- Role reports to Executive Director, XVA Trading.
Key Qualifications / Experience
- 2-7 years of experience in a trading, risk, or credit function within XVA / CPM team.
- Strong working knowledge of Excel and VBA; strong Python knowledge is desirable.
- Excellent attention to detail and a high level of competency in a quantitative field.
- Fundamental understanding of derivatives; commodity-specific experience is advantageous.
- Ability to adapt, problem-solve, and multitask in a high-paced environment.
- Located in the UK with the right to work.
As a key member of the XVA desk, you will have the opportunity to work with a talented team of professionals and contribute to the development of the desk. If you are a motivated and experienced professional looking for a new challenge, we encourage you to apply for this exciting opportunity.
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