Head of Commodities XVA Trading

• Lead the Commodities XVA desk, in alignment with the global XVA trading desk mandate to enable profitable Commodities business performance and competitive positioning
• 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
• 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
• 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
• Drive initiatives to optimize capital utilization and balance sheet efficiency, working closely with our Markets capital management leads
• 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
• 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
• Partner with Technology and Risk teams to enhance trading systems, analytical tools, pricing models, and reporting capabilities for XVA
• Conduct in-depth market analysis to identify trends, dislocations, and potential risks or opportunities within the global commodities and derivatives markets

• Proven experience in commodities and/or XVA trading, within a major financial institution
• 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
• 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
• In-depth understanding of global financial regulations impacting derivatives trading and capital requirements
• Bachelor's or Master's degree in a quantitative field such as Financial Engineering, Mathematics, Physics, Computer Science, or a related discipline
• Excellent communication, interpersonal, and presentation skills, with the ability to articulate complex strategies and risks to diverse audiences
• Strong analytical and problem-solving abilities, with a strategic mindset

A CFA or FRM designation is a plus

• 27 days annual leave (plus bank holidays)
• A discretional 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