About this opportunity
Crédit Agricole SA lists this XVA Trader, Vice President opportunity in new york, New York. Review the employer’s description below for duties, qualifications and application requirements.
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.
#J-18808-Ljbffr
Worksite address
new york, NY, 10261, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.