At a Glance
- Tasks: Lead XVA and Collateral Risk Management in a dynamic banking environment.
- Company: Join Crédit Agricole CIB, a global leader in sustainable finance.
- Benefits: Enjoy a collaborative culture with opportunities for personal and professional growth.
- Other info: Open to all backgrounds; hybrid remote work available.
- Why this job: Make a positive impact on communities and the environment through responsible finance.
- Qualifications: Bachelor's degree required; MSc in finance or related field preferred.
The predicted salary is between 80000 - 100000 € per year.
About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB): Crédit Agricole CIB is the corporate and investment bank of the Crédit Agricole group, the 10th largest banking group in the world. We support major companies and financial institutions in their development and the financing of their projects. As pioneers in responsible finance, social and environmental commitments are at the heart of our activities. Joining our teams means working in a multicultural environment, both dynamic and stimulating, where you will contribute to developing a sustainable economy. We support employees throughout their journey: you will develop your skills and access various mobility opportunities among the diversity of our businesses in more than 30 international locations. Our culture is built on collaboration, innovation and openness, where everyone is valued and empowered. By working every day in the interest of society, Crédit Agricole CIB aligns with the Group values committed to diversity and inclusion and placing people at the heart of all its transformations. All our jobs are open to people with disabilities. We welcome applications from candidates of all backgrounds and experiences.
Job Summary: Responsible for overseeing XVA and Collateral Risk Management within Crédit Agricole CIB’s Global Markets Division in London. The scope of coverage includes G3 Rates, Credit Repo Indexing, Capital Markets Funding, Credit Trading, and Counterparty Credit Risk (CCR). These activities primarily focus on the management of counterparty exposure and funding risks, which are critical components in the pricing and valuation of derivative products. The role has a broad remit, requiring close collaboration with front-office business lines and market activity monitoring teams. It operates within a dynamic environment shaped by evolving market conditions and an increasingly complex regulatory landscape.
Delegated Daily Responsibilities:
- Monitor market activity, review positions taken by the XVA desk and collateral desk and G3 rates, Credit repo indexing, Capital market funding and Credit trading & CCR to communicate to Senior Management.
- Review market news and movements.
- Review positions / exposures and changes to the positions / exposures on the defined scope of responsibilities.
- Review of the P&L analysis and risk reports on the defined scope of responsibilities.
- Liaise, co-ordinate and communicate with the Front Office.
- Review risks taken by all the desks under responsibilities and the reward for taking these risks using current or new methodologies.
- Analyse risks taken by the XVA desk and collateral desk - Positions, Sensitivities & VaR figures - Stress Test Results.
- Liaise with HO regarding risk analysis on G3 rates, Credit repo indexing, Capital market funding, Credit trading and CCR.
Delegated Periodic Responsibilities:
- Communicate to senior business and risk management in support of preparation of dashboard and collection of material for weekly risk meetings and HO Market Risk Committee (MRC).
- Conduct annual review of market risk limits and submit recommendations to the HO MRC for validation.
- Contribute to the month end process (computation of reserves, pricing committee) in collaboration with XVA desks, Finance, and MAM.
- Contribute to the London Risk Committee (LRC on the defined scope of responsibilities).
Other Delegated Responsibilities:
- Validate risk indicators, produce official risk reports and notify limit breaches.
- Analyse new limit and one-off requests and make recommendations to the MRC for validation.
- Investigate limit breaches and discuss remedial action with FO, where appropriate.
- Participate in risk management methodology evolution and in the development of hold back reserves methods and their implementation.
- Produce and distribute weekly risk reports.
Geographical area: Europe, United Kingdom
City: London
Candidate Criteria:
- Minimal education level: Bachelor Degree / BSc Degree or equivalent.
- Academic qualification / Speciality: MSc in finance, maths, engineering, economics, physics, or other numerate degree.
- Experience: Market risk or Trading experience; Strong Interest Rate, Credit and/or Hybrids Exotic product knowledge; Good understanding of counterparty risk issues.
- Required skills: Management skills; Good communication skills; Pro-activity.
- Technical skills required: Strong Financial skills; Strong knowledge of exotic products, including pricing methodologies; IT skills (Excel VBA); Project Management.
Head of XVA and Collateral Risk Management in London employer: Crédit Agricole CIB
At Crédit Agricole CIB, we pride ourselves on being an exceptional employer, offering a vibrant and inclusive work culture in the heart of London. Our commitment to employee development is reflected in our diverse mobility opportunities across over 30 international locations, ensuring that you can grow your career while making a meaningful impact in sustainable finance. Join us to be part of a collaborative team where innovation thrives and every individual is valued.
StudySmarter Expert Advice🤫
We think this is how you could land Head of XVA and Collateral Risk Management in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values, especially around sustainability and diversity, so you can show how you align with their mission during your chat.
✨Tip Number 3
Practice your responses to common interview questions, but keep it natural. Use the STAR method (Situation, Task, Action, Result) to structure your answers and highlight your relevant experience.
✨Tip Number 4
Don’t forget to follow up after your interview! A quick thank-you email can leave a lasting impression and shows your enthusiasm for the role. Plus, it keeps you on their radar!
We think you need these skills to ace Head of XVA and Collateral Risk Management in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Head of XVA and Collateral Risk Management role. Highlight relevant experience in market risk, trading, and any specific skills that match the job description. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our mission at Crédit Agricole CIB. Keep it concise but impactful – we love a good story!
Showcase Your Skills:Don’t forget to highlight your technical skills, especially in financial analysis and exotic products. If you’ve got experience with Excel VBA or project management, make sure it stands out. We’re looking for someone who can hit the ground running!
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, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at Crédit Agricole CIB
✨Know Your Numbers
Make sure you brush up on your financial knowledge, especially around exotic products and counterparty risk. Be prepared to discuss specific metrics and methodologies you've used in previous roles, as this will show your expertise and confidence in the subject matter.
✨Showcase Your Collaboration Skills
Since the role requires close collaboration with various teams, think of examples where you've successfully worked with others to achieve a common goal. Highlight your communication skills and how you can bridge gaps between different departments.
✨Stay Updated on Market Trends
Familiarise yourself with current market conditions and any recent regulatory changes that could impact the role. Being able to discuss these topics will demonstrate your proactive approach and genuine interest in the industry.
✨Prepare for Scenario Questions
Expect to be asked about how you would handle specific risk management scenarios. Think through potential challenges you might face in the role and prepare structured responses that showcase your analytical thinking and problem-solving abilities.
