At a Glance
- Tasks: Lead and execute trading strategies in commodities, managing risk and optimising capital.
- Company: Join a global financial institution with a strong focus on innovation and collaboration.
- Benefits: Enjoy 27 days annual leave, private medical care, and a performance-related bonus.
- Other info: Dynamic work environment with excellent career growth opportunities across multiple locations.
- Why this job: Make a significant impact in the commodities market while leading a high-performing team.
- Qualifications: Proven experience in commodities trading and strong leadership skills required.
The predicted salary is between 100000 - 150000 € per year.
The Head of Commodities XVA Trading will be responsible for defining and executing the trading strategy, managing risk, optimizing capital, and leading a team of traders across our London, Paris and Houston offices. Reporting directly to the Head of Global XVA Trading, this role requires a deep understanding of commodities markets, XVA methodologies, regulatory requirements, and proven leadership capabilities within a global markets business. This role can be based in London or Houston.
Key Responsibilities
- Strategic Leadership: Develop and implement the trading strategy for Commodities XVA, aligning with the broader Markets objectives and risk appetite. Identify new market opportunities, product offerings, and technological advancements to enable profitable Commodities business performance and competitive positioning.
- Trading & Profitability: Oversee all XVA trading activities for the Commodities portfolio, ensuring optimal P&L performance. Manage exposure to Credit Valuation Adjustment (CVA), Funding Valuation Adjustment (FVA), Capital Valuation Adjustment (KVA), and other relevant valuation adjustments.
- Risk Management: Establish and enforce robust risk management frameworks, controls, and limits for the desk's activities. Monitor market risk, credit risk, operational risk, and liquidity risk. Ensure compliance with internal policies, regulatory requirements (e.g., Basel, FRTB, Dodd‐Frank), and industry best practices.
- Team Management & Development: Lead, mentor, and develop a high‐performing team of XVA traders and junior analysts in London, Paris and Houston. Foster a collaborative and innovative culture, promoting continuous learning and professional growth. Manage performance, recruitment, and retention of talent.
- Capital Optimization: Drive initiatives to optimize capital utilization and balance sheet efficiency, working closely with our Markets capital management leads.
- Stakeholder Engagement: Collaborate effectively with internal stakeholders including Sales, Structuring, MQA, Technology, Credit and Market Risk Management, Legal, Compliance, and Finance. Represent the desk in internal committees and external industry forums.
- Regulatory Compliance: Ensure all trading activities adhere to relevant local and international financial regulations, compliance standards, and internal governance frameworks. Stay abreast of evolving regulatory landscapes impacting XVA and commodities trading.
- Infrastructure & Technology: Partner with Technology and Risk teams to enhance trading systems, analytical tools, pricing models, and reporting capabilities for XVA.
- Market Analysis: Conduct in-depth market analysis to identify trends, dislocations, and potential risks or opportunities within the global commodities and derivatives markets.
Qualifications
- Experience: Proven experience in commodities and/or XVA trading, within a major financial institution.
- Leadership: Proven track record of successfully leading and managing trading teams, preferably across multiple geographies, demonstrating ability to foster seamless collaboration, drive integrated global strategies and build synergies that leverage diverse regional strengths.
- Technical Acumen: Expert knowledge of commodities markets (energy, metals, agriculture), derivatives pricing, and XVA models (CVA, FVA, KVA). Strong understanding of quantitative finance, stochastic calculus, and numerical methods.
- Regulatory Knowledge: In-depth understanding of global financial regulations impacting derivatives trading and capital requirements.
- Education: Bachelor's or Master's degree in a quantitative field such as Financial Engineering, Mathematics, Physics, Computer Science, or a related discipline. A CFA or FRM designation is a plus.
- Communication: Excellent communication, interpersonal, and presentation skills, with the ability to articulate complex strategies and risks to diverse audiences.
- Problem‐Solving: Strong analytical and problem‐solving abilities, with a strategic mindset.
Key Attributes
- Strong commercial drive and P&L focus.
- Ability to perform under pressure and make sound decisions in fast‐paced environments.
- High ethical standards and integrity.
- Adaptability and resilience in navigating dynamic market conditions.
Benefits
- 27 days annual leave (plus bank holidays)
- A discretionary annual performance‐related bonus
- Private Medical Care & Life Insurance
- Employee Assistance Program
- Pension Plan
- Paid Parental Leave
- Special discounts for employees, family, and friends
- Access to an array of learning and development resources
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View Citi's EEO Policy Statement and the Know Your Rights poster.
Head of Commodities XVA Trading in London employer: Citi
Citi is an exceptional employer, offering a dynamic work environment that fosters innovation and collaboration across its London, Paris, and Houston offices. With a strong focus on employee development, competitive benefits including 27 days of annual leave, private medical care, and a robust pension plan, Citi empowers its team to thrive in the fast-paced commodities trading sector while ensuring compliance with global regulations. Join us to lead a high-performing team and drive strategic initiatives in a culture that values integrity, adaptability, and continuous learning.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Commodities XVA Trading in London
✨Tip Number 1
Network like a pro! Reach out to industry contacts, attend relevant events, and engage on platforms like LinkedIn. The more people you know in the commodities trading space, the better your chances of landing that Head of Commodities XVA Trading role.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge and market trends. Be ready to discuss your experience with CVA, FVA, and KVA adjustments, as well as your leadership style. Show them you’re not just a trader but a strategic thinker who can drive profitability.
✨Tip Number 3
Don’t underestimate the power of a strong personal brand. Share your insights on commodities markets through articles or posts. This will position you as a thought leader and make you more attractive to potential employers looking for someone to lead their trading team.
✨Tip Number 4
Apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team and contributing to our success in the commodities trading arena.
We think you need these skills to ace Head of Commodities XVA Trading in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in commodities and XVA trading. We want to see how your skills align with the role, so don’t hold back on showcasing your achievements!
Showcase Your Leadership Skills:As a Head of Commodities XVA Trading, leadership is key. Use your application to demonstrate your past experiences in managing teams and driving performance. We love seeing examples of how you've fostered collaboration and innovation!
Highlight Your Technical Knowledge:We’re looking for someone with a strong grasp of commodities markets and XVA methodologies. Be sure to mention any relevant technical skills or qualifications that set you apart, like your understanding of derivatives pricing or regulatory knowledge.
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensure you’re considered for this exciting opportunity. We can’t wait to hear from you!
How to prepare for a job interview at Citi
✨Know Your Commodities Inside Out
Make sure you have a solid grasp of the commodities markets, including energy, metals, and agriculture. Brush up on XVA methodologies and be ready to discuss how they impact trading strategies. This knowledge will show that you're not just familiar with the role but are genuinely passionate about it.
✨Demonstrate Leadership Skills
Prepare examples of how you've successfully led teams in the past, especially in a trading environment. Think about specific challenges you faced and how you fostered collaboration across different locations. This will highlight your ability to manage and develop a high-performing team.
✨Showcase Your Risk Management Expertise
Be ready to discuss your approach to risk management, particularly in relation to CVA, FVA, and KVA. Prepare to explain how you've established robust frameworks and ensured compliance with regulations. This will demonstrate your capability to handle the complexities of the role.
✨Engage with Stakeholders
Think about how you've collaborated with various internal stakeholders in previous roles. Be prepared to share examples of how you’ve effectively communicated complex strategies and built relationships across departments. This will illustrate your ability to represent the desk and engage with others in the organisation.
