At a Glance
- Tasks: Lead and execute the trading strategy for Commodities XVA across global offices.
- Company: Join Citi, a leading financial institution with a dynamic and inclusive culture.
- Benefits: Enjoy competitive salary, 27 days leave, private medical care, and hybrid working options.
- Other info: Collaborative environment with excellent career growth and learning opportunities.
- Why this job: Make a real impact in commodities trading while developing your leadership skills.
- Qualifications: Proven experience in commodities trading and strong leadership capabilities 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
Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self, every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.
Head of Commodities XVA Trading in London employer: Citigroup, Inc.
Citi is an exceptional employer, offering a dynamic and inclusive work environment that fosters professional growth and collaboration across its London, Paris, and Houston offices. With a competitive salary, generous benefits including 27 days of annual leave, private medical care, and a commitment to employee development, Citi empowers its team members to thrive while navigating the fast-paced world of commodities trading. Join us to be part of a culture that values integrity, innovation, and the diverse talents of our workforce.
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 your connections in the commodities and trading sectors. Attend industry events or webinars, and don’t be shy about asking for informational interviews. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for those interviews by brushing up on your technical knowledge and market trends. Be ready to discuss your experience with XVA methodologies and risk management strategies. Show them you’re not just a candidate, but a thought leader in the field!
✨Tip Number 3
Don’t forget to showcase your leadership skills! Be prepared to share examples of how you’ve successfully managed teams and driven performance in previous roles. They want to see that you can lead a high-performing team across multiple locations.
✨Tip Number 4
Finally, apply 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 at Citi. Let’s get you that dream job!
We think you need these skills to ace Head of Commodities XVA Trading in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Head of Commodities XVA Trading role. Highlight your experience in commodities and XVA trading, and don’t forget to showcase your leadership skills. We want to see how you align with our strategic goals!
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. Talk about your understanding of commodities markets and how you’ve successfully led teams in the past. Let us know what makes you tick!
Showcase Your Technical Skills:We’re looking for someone with strong technical acumen. Make sure to highlight your knowledge of derivatives pricing and XVA models. If you’ve got experience with quantitative finance, let us know – it’s a big plus for us!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Citigroup, Inc.
✨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 basics but can also navigate complex market dynamics.
✨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. Highlight your ability to mentor and develop talent, as this is crucial for the role.
✨Stay Current on Regulations
Familiarise yourself with the latest regulations affecting commodities trading, such as Basel and Dodd-Frank. Be prepared to discuss how these regulations influence trading strategies and risk management. Showing that you’re up-to-date will demonstrate your commitment to compliance and best practices.
✨Showcase Your Analytical Skills
Be ready to tackle some analytical problems during the interview. Practice explaining your thought process when analysing market trends or assessing risks. This will help illustrate your problem-solving abilities and strategic mindset, which are key attributes for the Head of Commodities XVA Trading role.
