At a Glance
- Tasks: Lead and innovate in Commodities XVA trading, driving strategy and profitability.
- Company: Join a leading financial institution with a global presence and dynamic culture.
- Benefits: Competitive salary, comprehensive benefits, and opportunities for professional growth.
- Other info: Collaborative environment with a focus on continuous learning and career advancement.
- Why this job: Make a significant impact in the commodities market while developing your leadership skills.
- Qualifications: Proven experience in commodities trading and strong analytical skills required.
The predicted salary is between 100000 - 150000 € per year.
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.
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.
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.
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.
Head of Commodities XVA Trading employer: Citibank (Switzerland) AG
As a leading financial institution, we pride ourselves on being an excellent employer that fosters a dynamic and inclusive work culture in London. Our commitment to employee growth is evident through our robust mentorship programmes and opportunities for professional development, ensuring that our team members thrive in their careers. With a focus on innovation and collaboration, we empower our employees to drive strategic initiatives in Commodities XVA Trading while enjoying competitive benefits and a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Commodities XVA Trading
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join relevant online forums, and don’t be shy about reaching out to folks on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Ace the Informational Interview
Set up informal chats with professionals already working in commodities trading. This is your chance to learn about their experiences and get insider tips. Plus, it shows your genuine interest in the field, which can make a lasting impression!
✨Showcase Your Skills
When you get the chance to meet potential employers, be ready to demonstrate your expertise. Bring along examples of your past work or even case studies that highlight your analytical skills and strategic thinking. We want to see how you can add value to our team!
✨Apply Through Our Website
Don’t forget to 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 proactive and really interested in joining us at StudySmarter.
We think you need these skills to ace Head of Commodities XVA Trading
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Head of Commodities XVA Trading role. Highlight your strategic leadership, trading experience, and risk management expertise to catch our eye!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific achievements in commodities trading and how you’ve led teams to success.
Showcase Your Technical Skills:Don’t forget to highlight your technical acumen! We want to see your knowledge of commodities markets, derivatives pricing, and XVA models. Make it clear how your analytical skills can benefit our team.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining StudySmarter!
How to prepare for a job interview at Citibank (Switzerland) AG
✨Know Your Commodities Inside Out
Make sure you brush up on your knowledge of commodities markets, especially energy, metals, and agriculture. Be prepared to discuss recent trends, market dislocations, and how they could impact trading strategies. This will show that you're not just familiar with the theory but also understand the practical implications.
✨Demonstrate Your Leadership Skills
Since this role involves leading a team, be ready to share specific examples of how you've successfully managed and developed teams in the past. Highlight your ability to foster collaboration and drive performance across different locations, as this is crucial for the position.
✨Showcase Your Risk Management Expertise
Prepare to discuss your experience with risk management frameworks and how you've implemented them in previous roles. Be specific about how you've monitored and mitigated various risks, including market, credit, and operational risks, to ensure compliance with regulations and internal policies.
✨Communicate Complex Ideas Clearly
Practice articulating complex trading strategies and risk assessments in a way that's easy to understand. You might be asked to present your thoughts to diverse audiences, so being able to simplify intricate concepts will demonstrate your communication skills and strategic mindset.
