Senior Manager – Counterparty Credit Risk & XVA in London

Your role as a Senior Manager in Counterparty Credit Risk (CCR) and XVA at Zanders involves leading quantitative traded risk engagements across CCR, XVA, and the high-performance computing (HPC) that underpins them. You will work in multidisciplinary teams to solve complex problems and deliver models clients can implement.

On projects, you will collaborate with our international group of 100+ Financial Institutions consultants to design, develop, implement, test, and validate models across the trading book spectrum: market risk, CCR, CVA, wider XVA, initial- and variation-margin models, and derivatives pricing. You will also contribute to sales in the CCR, XVA, and HPC space, building on your existing UK network.

As a Senior Manager, you will act as a career coach for up to three direct reports, supporting them on project work and their broader career journey. Your influence will be substantial, carrying a higher level of responsibility than is typical in other consulting firms, helping to drive the business forward from day one.

Skills to be successful:

• 8–10 years in CCR and XVA model development and analytics, ideally including consultancy, with a track record of leading teams, complex projects, and non-trivial systems end to end.
• Master’s or PhD degree in mathematics, physics, statistics, econometrics, computer science, engineering, or related quantitative field.
• A strong interest in the quantification of CCR, XVA, and the HPC methods that support them, along with a working understanding of the relevant regulatory frameworks: SA-CCR and IMM for exposure, the CVA capital framework (BA-CVA / SA-CVA), and margin standards (UMR / SIMM).
• Up-to-date knowledge of industry and regulatory developments across traded risk topics: market risk, CCR, XVA, margin models, and derivatives pricing.
• Strong proficiency in modern C++ (STL, templates, RAII, unit testing, build systems); Python and/or Java a plus.
• Strong working knowledge of Linux as a development and deployment platform (shell, toolchains, profiling, resource/performance diagnostics).
• Solid understanding of derivatives pricing across asset classes (rates, FX, credit, equity) and the underlying numerical methods (Monte Carlo, PDE/finite-difference).
• Experience with market and CCR (e.g. xVA, sensitivities/Greeks, VaR/expected shortfall).
• Experience with open-source quant tooling (Strata, QuantLib, ORE) is an advantage.
• Hands-on HPC experience: Parallel/concurrent programming (multithreading, multiprocessing, synchronization, concurrent data structures).
• GPU compute with CUDA, including GPU architecture (memory hierarchy, warps, occupancy, host–device transfers); ROCm/HIP a plus.
• Writing and optimizing compute kernels: profiling (e.g. Nsight/NCompute), memory-access optimization, throughput/latency tuning.
• Scaling workloads across clusters (e.g. MPI, Slurm).
• Ability to translate mathematical and financial concepts into efficient, production-grade code.
• Fluent spoken and written English, strong communication skills, and a growth mindset.

We offer:

• A hybrid work environment that promotes a healthy work-life balance.
• Participation in the Zanders bonus scheme.
• Secure your future with a pension scheme.
• 28 paid holiday days.
• A laptop and an iPhone.
• An entrepreneurial culture that values personal development, with ample room for initiatives.
• Expertise in your chosen field, building skills rapidly alongside diverse clients and consultants.
• A truly collegiate environment with enthusiastic and helpful colleagues, fostering career excellence in Treasury, Risk, or Technology.
• An international and fun working environment, cultural night events, annual Zanders's trip to a (surprise) location in Europe, and many more exciting experiences to come!

About Us:

Progress your career with Zanders. We are a global financial consulting firm focused on Treasury, Risk, and Technology. For 30 years, we have been providing innovative solutions embracing the latest technological advancements to multinational corporations, financial institutions, public sector entities, and NGOs. We go beyond conventional boundaries, delving into new market segments to uncover untapped opportunities. As pioneers in Environmental, Social, and Governance (ESG) principles and practices, we support our clients to achieve their ESG goals.

At Zanders, we invest in our people for an inclusive atmosphere, where freedom, fun, and collaboration are pivotal and set us apart, defining our success. We believe that diversity, equity, and inclusion (DE&I) are essential to establish a strong and sustainable business, fostering a culture that values and respects diversity in all forms. Zanders is not just a workplace – it is a supportive community.

We invite those who share our passion for collaboration, growth, and positive impact to join us on this journey. If you're in search of a workplace that nurtures personal and professional development, Zanders is the perfect fit for you. Join us as we continue to shape the future of consultancy, making a meaningful impact in the world of Treasury, Risk, and Technology!