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- Tasks: Assist xVA traders with pricing and optimising derivatives portfolios.
- Company: Dynamic Fixed Income & Currencies division in a leading financial firm.
- Benefits: Gain hands-on experience, mentorship, and exposure to diverse financial markets.
- Why this job: Make a real impact while learning from industry experts in a collaborative environment.
- Qualifications: Degree in Finance/Mathematics; derivatives pricing experience is a plus.
- Other info: Join a team that values community, respect, and innovation.
The predicted salary is between 20000 - 28000 £ per year.
The Fixed Income & Currencies (FIC) division gives access to a large scope of exposure and opportunities across the Interest Rate, Foreign Exchange, Inflation and Multi-asset universes. Supported by extensive research, engineering, trading and e-commerce capabilities, we offer strategic insights, flow information, competitive pricing, and seamless execution to our clients across dates, credit, FX, and emerging markets.
Summary of the key purposes of the role:
- Assisting xVA traders with daily tasks
- Contributing to projects led by the team manager
- Assisting with xVA management
- Working with research and development teams to improve xVA pricers
Summary of responsibilities:
- Assisting xVA traders with pricing on derivatives for all asset classes traded within Capital Markets
- Explaining pricing assumptions and calculation to Capital Markets sales and trading teams
- Monitoring, in collaboration with support teams, the xVA fee workflows
- Helping xVA traders with optimizing existing derivatives portfolios to reduce CVA, CVaR, capital and funding costs
- Helping to implement and monitor the process for internal and external optimisation tools
- Contributing to the development of pricing and risk management systems for xVA
Profile required:
- The ideal candidate will hold a degree or equivalent in a Finance / Mathematics related discipline
- Derivatives pricing experience highly advantageous
- Good understanding of counterparty exposure calculation
- Good basic knowledge of regulatory constraints
- Good basic knowledge of scarce resources constraints impacting Global Markets
- Excellent level of written and spoken English essential
- Ability to work autonomously and manage own workload
- Ability to organise own time and work to strict deadlines in a busy Front Office environment
Why join us:
People join for the impact they can have on us. They stay for the impact we have on them. A flatter structure offers visibility and exposure beyond that of our competitors, so you know our names, and we know yours. It’s personable, human, and inspires success through passion. By encouraging open mindedness and a willingness to share ideas, we have adapted to market changes and thrived through innovation. Bringing words like “hard work” and “dedication” together with “community” and “respect” has enabled us to work collaboratively and build our future together. We call this Team Spirit and it’s what makes us different. It’s what makes you different.
Trainee - xVA Trader in London employer: Société Générale Assurances
Contact Detail:
Société Générale Assurances Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trainee - xVA Trader in London
✨Tip Number 1
Network like a pro! Reach out to current or former employees in the xVA trading space. A friendly chat can give you insider info and maybe even a referral, which is always a bonus.
✨Tip Number 2
Prepare for those interviews! Brush up on your derivatives pricing knowledge and be ready to discuss how you can contribute to optimising portfolios. Show us your passion for finance and trading!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email. It shows your enthusiasm and keeps you fresh in their minds.
✨Tip Number 4
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.
We think you need these skills to ace Trainee - xVA Trader in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Trainee - xVA Trader role. Highlight any relevant experience or skills, especially in finance or mathematics, and don’t forget to mention your understanding of derivatives pricing!
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 your background makes you a great fit. Be sure to show off your enthusiasm for working with xVA traders and contributing to the team.
Showcase Your Communication Skills: Since excellent written and spoken English is essential, make sure your application is clear and concise. Avoid jargon unless necessary, and keep your language professional yet approachable. We want to see your personality shine through!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way to ensure your application gets to us directly. Plus, it shows you’re keen on joining our community and being part of our Team Spirit!
How to prepare for a job interview at Société Générale Assurances
✨Know Your Numbers
Brush up on your derivatives pricing knowledge and counterparty exposure calculations. Be ready to discuss specific examples from your studies or any relevant experience. This shows you’re not just a theory buff but can apply your knowledge practically.
✨Understand the Business
Familiarise yourself with the Fixed Income & Currencies division and its role in the market. Research recent trends in interest rates, FX, and emerging markets. This will help you engage in meaningful conversations during the interview and demonstrate your genuine interest in the role.
✨Showcase Your Team Spirit
Since the company values collaboration and community, prepare to share examples of how you've worked effectively in teams. Highlight instances where you’ve contributed to group projects or supported colleagues, as this aligns with their emphasis on Team Spirit.
✨Prepare Questions
Have insightful questions ready for your interviewers. Ask about the tools and systems used for xVA management or how the team approaches optimisation challenges. This not only shows your enthusiasm but also your proactive mindset in wanting to learn more about the role.
