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: Hybrid work, personal growth opportunities, and a people-centric culture.
- Other info: Diversity and inclusion are at the heart of our mission.
- Why this job: Make a real impact in a collaborative and innovative team.
- Qualifications: Bachelor's degree in finance or related field; market risk experience preferred.
The predicted salary is between 80000 - 100000 € per year.
Responsible for overseeing XVA and collateral risk management within Crédit Agricole CIB's Global Markets Division in London. The scope includes G3 Rates, Credit Repo Indexing, Capital Markets Funding, Credit Trading, and Counterparty Credit Risk (CCR). These activities focus on counterparty exposure and funding risks, critical components in derivative pricing and valuation. The role requires close collaboration with front‐office business lines and market activity monitoring teams, operating in a dynamic environment shaped by evolving market conditions and complex regulatory landscape.
Delegated Daily Responsibilities
- Monitor market activity, review positions taken by the XVA desk and collateral desk across G3 rates, credit repo indexing, capital market funding, credit trading and CCR, and communicate to Senior Management.
- Review market news and movements.
- Review positions/exposures and changes to the positions/exposures (Marly) within the defined scope.
- Review P&L analysis and risk reports within the defined scope.
- Liaise, coordinate and communicate with the Front Office.
- Review risks taken by all desks under responsibility and the reward for taking these risks using current or new methodologies.
- Analyze risks taken by the XVA desk and collateral desk – positions, sensitivities & VaR figures, stress test results.
- Liaise with Head Office 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 dashboards and collection of material for weekly risk meetings and the Head Office 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.
- Analyze new limit and one‐off requests and make recommendations to the MRC for validation.
- Investigate limit breaches and discuss remedial action with the Front Office where appropriate.
- Participate in risk management methodology evolution and in the development of hold‐back reserve methods and their implementation.
- Produce and distribute weekly risk reports.
Supplementary Information
Join our team at Crédit Agricole CIB, the corporate and investment banking arm of the 10th largest banking group. We offer more than just a job. You will be part of a dynamic and collaborative work environment where CSR is embraced in our day‐to‐day business operation, innovation is encouraged, and diversity is celebrated. Crédit Agricole CIB, the first French bank to commit to the Equator Principles, is a global leader in sustainable finance. Our commitment to sustainability and corporate responsibility means that your work will have a positive impact on our communities and the environment. With a people‐centric culture where everyone is valued, and opportunities for personal and professional growth, Crédit Agricole CIB is not just a place to work – it is where you make an impact. Our hiring process is open to all and we will accommodate any specific needs or adjustments you may require.
Geographical area: Europe, United Kingdom
City: London
Work arrangement: Hybrid
Education: Bachelor Degree / BSc Degree or equivalent MSc in finance, maths, engineering, economics, physics, or other numerate degree
Experience: Market risk or trading experience. Strong interest in rate, credit and/or hybrid exotic product knowledge. Good understanding of counterparty risk issues.
Required skills: Pro‐activity.
Technical skills required: Strong financial skills. Strong knowledge of exotic products, including pricing methodologies.
Entity: 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 financing of 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, dynamic, and stimulating environment where we contribute to developing a sustainable economy. We support employees throughout their journey, developing your skills and offering various mobility opportunities across 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 society's interest, Crédit Agricole CIB aligns with the Group values committed to diversity, inclusion and places people at the heart of all transformations. All our jobs are open to people with disabilities. We welcome applications from candidates of all backgrounds and experiences.
Head of XVA and Collateral Risk Management in London employer: Crédit Agricole SA
At Crédit Agricole CIB, we pride ourselves on being an exceptional employer, offering a dynamic and collaborative work environment in the heart of London. Our commitment to sustainability and corporate responsibility ensures that your contributions will have a meaningful impact, while our focus on employee growth and development provides ample opportunities for personal and professional advancement. Join us to be part of a diverse team where innovation is encouraged, 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 folks in the industry, especially those already at Crédit Agricole CIB. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by diving deep into XVA and collateral risk management topics. Brush up on your knowledge of G3 rates and counterparty credit risk – showing off your expertise can really set you apart!
✨Tip Number 3
Don’t just wait for job openings; be proactive! Keep an eye on our website and apply as soon as a role pops up. The early bird gets the worm, right?
✨Tip Number 4
Show your passion for sustainability and corporate responsibility in your conversations. At Crédit Agricole CIB, we value candidates who align with our mission to make a positive impact on communities and the environment.
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 projects that showcase your expertise in counterparty credit risk and exotic products.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for this role. Share your passion for finance and risk management, and don’t forget to mention how your skills align with our dynamic environment and commitment to sustainability.
Showcase Your Analytical Skills:In your application, emphasise your analytical skills and experience with risk analysis. We want to see how you've tackled complex problems in the past, especially in relation to G3 rates and credit trading.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensure it gets the attention it deserves!
How to prepare for a job interview at Crédit Agricole SA
✨Know Your XVA and Collateral Risk
Make sure you brush up on your knowledge of XVA and collateral risk management. Understand the key concepts, methodologies, and current market trends. Being able to discuss these topics confidently will show that you're not just familiar with the role but also genuinely interested in it.
✨Prepare for Technical Questions
Expect technical questions related to market risk, counterparty credit risk, and exotic products. Review your past experiences and be ready to explain how you've handled similar situations. Use specific examples to demonstrate your expertise and problem-solving skills.
✨Showcase Your Collaborative Spirit
This role requires close collaboration with various teams. Be prepared to discuss how you've successfully worked with others in the past. Highlight your communication skills and ability to liaise effectively with front-office teams, as this will be crucial in your new position.
✨Stay Updated on Market Movements
Keep an eye on recent market news and movements leading up to your interview. Being able to reference current events or trends during your conversation will demonstrate your proactive approach and genuine interest in the industry, making you a more compelling candidate.
