XVA Trader, Vice President

• Pre-trade pricing of XVAs on the GMD perimeter
• Post-trade analysis and ensuring consistency for the Profitability Analysis computations
• Collaboration with Structuring and other functions for post-trade optimisation
• Execute transactions in accordance with established risk management procedures and risk parameters by delegation to head of trading XVA and Risk Management (TRM)
• Credit analysis link to sensitive or significant transaction
• Participate to trading strategy and relate these to market opportunities in relation with the head of trading XVA and Risk Management (TRM)
• Execute Scarce Resources optimization strategy
• Act as primary SRT representative in the region, leading discussions with business lines to drive initiatives regarding pricing methodologies, optimisations and strategic deal flow presentations
• Ensure actively the three components of the Mandate: pricing of XVAs, risk management of XVAs and optimisation of Scarce Resources
• Proactively engage and advise Sales, Trading, and Coverage teams, translating complex pricing and balance sheet impacts into actionable business support
• Support client discussions via Sales when necessary
• Presenting and participating in external client meetings and conferences on XVA topics
• Look for and collect feedback on XVA pricing and in order to benefit the team's knowledge
• Participate actively in methodology improvements concerning XVAs and Regulatory topics
• Ensure XVAs are aligned with market standards and regulatory constraints, and provide continuous improvements to the XVA setup
• Representing the bank in industry workgroups
• Participate in the continued improvement of the XVA ecosystem and pricing strategies
• Ensure that the reporting and analysis performed are maintained and produced in an accurate and timely manner
• Provide advice and opinion on credit for any specific and large transaction reported to top management
• Participate, product design of XVA optimization strategy
• Ensure strict compliance with the mandate attributed to the desk
• Sign the mandate in the internal tool according to the procedure currently in place with the Bank
• Be aware of economic and financial data likely to affect the market and keep updated on market changes
• Take views on future market developments and advise the sales team accordingly
• Provide product pricing for both new products as well as specific client transactions
• Pricing must ensure that the Bank is adequately compensated for the level of principal risk and the amount of balance sheet it dedicates to specific transactions
• Keep abreast of the markets and upcoming updates in regulations by reading the financial press and available economic research
• Input all executed trades directly into the Front Office Systems in a timely manner
• Provide technical support and direction to colleagues and internal stakeholders
• Report to NY local Head of trading
• Participate to the cross knowledge and the SRT Academy
• Report any specific transaction
• In conjunction with the Head of TRM and RAM (Risk Architecture and Models), establish overall risk parameters
• Foster a culture of compliance and adherence with regard to position and risk limits
• Ensure any warning signals of problems emerging in the business are followed up
• ensure appropriate investigation and any appropriate remedial action
• Address, in the suggested timeframe, any points or recommendations made by internal or external auditors or regulators
• Comply with all applicable legal, regulatory and internal Compliance requirements
• Complete any mandatory training in line with legal, regulatory and internal Compliance requirements
• Continuously develop expertise to ensure to be fully qualified to undertake the role
• Refrain from taking any steps which could lead to the removal of certification of fitness and propriety to perform the role
• Undertake all necessary steps to satisfy the annual certification process
• Comply with all applicable conduct rules as prescribed by the relevant regulator

• Bachelor Degree / BSc Degree or equivalent
• Degree, preferably in a Mathematical / Scientific area, or A-levels followed by appropriate market relevant working experience
• 6-10 years experience
• Experience in financial products related trading/ risk management activities
• Strong credit knowledge
• Strong knowledge on XVA
• CP8/CP6 certification
• Team oriented
• Excellent communication skills and able to coordinate effectively with other Senior Managers, Sales, Structurers and Quants
• Ability to think quickly, make decisions using good judgement and prioritise in busy trading situations
• Ability to remain calm under pressure
• IT literate
• Thorough knowledge of financial derivatives including market liquidity and volatility, pricing and trading/hedging strategies
• Strong numerical, analytical and spreadsheet skills

Experience in pricing/trading and risk managing of XVA trading book