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- Tasks: Join a global team managing derivatives and optimising collateral funding.
- Company: Crédit Agricole CIB is the 10th largest banking group globally, focused on innovation and sustainability.
- Benefits: Enjoy a people-centric culture with growth opportunities and a commitment to CSR and diversity.
- Why this job: Be part of a pioneering team in sustainable finance, making a real impact in the industry.
- Qualifications: Strong interest in trading, risk management, and programming skills (VBA, SQL) required.
- Other info: Inclusive workplace with adjustments for candidates with specific needs.
The predicted salary is between 72000 - 108000 £ per year.
You will be part of a global team and be involved in a growing mandate on XVA & Scarce Resource management, focusing on developing new technologies to support the management of Derivatives activity. The role involves trading within authorized limits on the Collateral desk, pricing various adjustments for the GMD derivatives business, enhancing XVA computation infrastructure, and improving XVA pricing methodologies.
KEY RESPONSIBILITIES:
- Pricing XVAs and profitability on new transactions
- Providing PnL explanations on COLVA and MVA
- Active repo trading to optimize collateral funding
- Implementing internal transfer pricing mechanisms for GMD scarce resources
- Optimizing scarce resources through rebalancing with dealers
- Developing IT tools and spreadsheets
- Reporting key figures for CA-CIB collateral portfolio to management
- Managing collateral portfolios from OTC derivatives (cleared and non-cleared):
- Daily margin call management with CA-CIB counterparties
- Analyzing MTM dynamics and CSA contracts for optimization
- Defining and executing collateral and funding strategies
- Negotiating CSA terms with clients
- Calculating and invoicing collateral funding costs
- Monitoring margins exchanged with CCPs
SPECIAL ROLE REQUIREMENTS:
- Proven trading interest (Repos, Money Markets, FX, IRS, Credit Derivatives)
- Proven risk management interest (credit risk, gap risk, sensitivities, VaR)
- Proven programming ability (VBA, SQL, others)
- Strong organizational and planning skills; ability to meet deadlines
- Excellent communication skills, both oral and written
- Team spirit and collaborative skills
Supplementary Information
Join Crédit Agricole CIB, the banking arm of the 10th largest global banking group (The Banker, July 2023). We offer more than just a job—an environment embracing CSR, innovation, and diversity. As a pioneer in sustainable finance, our commitment to the environment and communities is integral to our work. We foster a people-centric culture with growth opportunities and a positive impact focus. We are inclusive and open to adjustments for candidates with specific needs.
Position location: Europe, United Kingdom, City: London
Collateral Trader - VP/Director employer: TN United Kingdom
Contact Detail:
TN United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Collateral Trader - VP/Director
✨Tip Number 1
Familiarise yourself with the latest trends in collateral trading and XVA management. Understanding current market dynamics and technological advancements will help you engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the corporate and investment banking sector, especially those involved in collateral trading. Attend industry events or webinars to build connections that could lead to referrals or insider information about the role.
✨Tip Number 3
Brush up on your programming skills, particularly in VBA and SQL. Being able to demonstrate your technical abilities during discussions can set you apart from other candidates and show your readiness for the role.
✨Tip Number 4
Prepare to discuss your experience with risk management and trading strategies in detail. Be ready to provide examples of how you've successfully navigated challenges in these areas, as this will showcase your expertise and problem-solving skills.
We think you need these skills to ace Collateral Trader - VP/Director
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and requirements of the Collateral Trader position. Familiarise yourself with terms like XVA, repo trading, and collateral management to demonstrate your knowledge in your application.
Tailor Your CV: Customise your CV to highlight relevant experience in trading, risk management, and programming. Emphasise any specific projects or roles that align with the key responsibilities mentioned in the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for trading and risk management. Use specific examples from your past experiences to illustrate how you meet the special role requirements, such as your programming skills and ability to work under pressure.
Highlight Team Collaboration: Since the role requires strong team spirit and collaborative skills, mention instances where you successfully worked in a team environment. This could include projects where you collaborated with others to achieve a common goal, particularly in finance or trading contexts.
How to prepare for a job interview at TN United Kingdom
✨Showcase Your Trading Knowledge
Make sure to demonstrate your understanding of trading concepts, especially in repos, money markets, and derivatives. Be prepared to discuss recent trends in these areas and how they might impact the role.
✨Highlight Your Programming Skills
Since programming ability is crucial for this position, be ready to talk about your experience with VBA, SQL, or any other relevant languages. Consider sharing specific examples of how you've used these skills to solve problems or improve processes.
✨Prepare for Scenario-Based Questions
Expect questions that assess your risk management capabilities. Prepare to discuss how you would handle various scenarios involving credit risk, gap risk, or sensitivities, and be ready to explain your thought process.
✨Emphasise Team Collaboration
This role requires strong teamwork and communication skills. Be prepared to share examples of how you've successfully collaborated with others in previous roles, particularly in high-pressure situations.
