Collateral Trader

1 month ago

London, United Kingdom Crédit Agricole CIB Full time

Job description

Business type

Types of Jobs - Corporate & Investment Banking

Job title

Collateral Trader - VP/Director

Contract type

Permanent Contract

Job summary

You will be part of a global team and be part of a growing mandate on XVA & Scarce Resource management with a focus on developing new technologies to assist with the Management of the Derivatives activity.

The role includes trading within authorised limits on the Collateral desk, pricing the various adjustments for the GMD derivatives business, improving the infrastructure of XVA computations as well as assisting with the ongoing improvement of XVA pricing methodologies.

KEY RESPONSIBILITIES:

- Pricing of XVAs and Profitability on new transactions

- PnL explain on COLVA and MVA

- Active Repo trading to optimise the funding of the collateral book

- Implementation of internal transfer pricing mechanisms for GMD scare resources

- Optimization of scarce resources (Rebalancing runs with dealers)

- Participating in the development of IT tools, spreadsheets

- Reporting to management the main driving figures for CA-CIB collateral portfolio

Active management of the collateral portfolio from cleared and non cleared OTC derivatives transactions:

- Manage daily margin calls exchanged with CA-CIB counterparties

- Analyse counterparties portfolio MTM dynamic and CSA contracts to identify possible optimisation

- Define and implement optimisation strategies as well as collateral funding strategies

- Assist CA-CIB commercial division in negotiating CSA terms with the bank clients

- Compute and invoice collateral funding cost to the collateralised transactions owners

- Daily computation and control of the margins exchanged with the CCPs

SPECIAL ROLE REQUIREMENTS:  

- Proven trading interest (Repos, Money Markets, FX, IRS, Credit Derivatives)

- Proven risk management interest (credit risk, gap risk, major sensitivities, VaR)

- Proven programming ability (VBA, SQL, others).

- Good work organization and planning; ability to work under time constraints

- Excellent communication skills both oral and in writing

- Team spirit and ability to interact with all other team members

Supplementary Information

Our commitment to you

Join our team at Crédit Agricole CIB, the corporate and investment banking arm of 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2023). We offer more than just a job.

You will be part of a dynamic and collaborative work environment where CSR is embraced in our day-to-day business operation, innovation is encouraged and diversity is celebrated.

Crédit Agricole CIB, the first French bank to have committed to the Equator Principles, is a pioneer and global leader in sustainable finance. Our commitment to sustainability and corporate responsibility means that your work will have a positive impact on our communities and the environment.

With a people-centric culture where everyone is valued, and opportunities for personal and professional growth, Crédit Agricole CIB is not just a place to work – it is where you make an impact.

Our hiring process is open to all and should you have any particular needs or you may require adjustments, please let us know.

Position location

Geographical area

Europe, United Kingdom

City

London

Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

Essential:  Mathematical background

Experience

Essential:  Experience in trading and risk management

Required skills

Competencies Essential: 

- Good work organization and planning

- Excellent communication skills

- Team spirit

- Ability to work under time constraints

Other Relevant Information: 

- Strong motivation, entrepreneurship and commitment

Technical skills required

Essential: 

- Good knowledge in financial mathematics.

Desirable :

- Advanced knowledge in Python programming.

- Good knowledge in SQL programming.

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