Xva Trader, Citi - Job Offer

Citi

Location:
United Kingdom, London

Category:
Finance

Contract Type:
Employment contract

Salary:

Not provided

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Job Description:

Citi is looking for an XVA Trader to manage all aspects of deal pricing, book management, and projects within the rates and currencies business. The role involves providing XVA, funding, and capital pricing to sales desks, optimizing costs, performing risk reconciliation, and collaborating with various teams on modelling and strategy development.

Job Responsibility:

Provide XVA, funding and capital pricing to sales desks
Optimize costs of the CVA/XVA trading and funding books, analyze and dynamically hedge risks
risk/csa data reconciliation and management
Work with quant and IT groups on modelling improvements
Work closely with relevant control functions, IT, quants and other internal groups
Create, optimize and manage desk risk and p&l reports
Regular dialogue with internal trading desks and external sales coverage
Analyse and implement market strategies to handle the complex cross-asset position arising from the Global Markets ColVA portfolio
Collaboration with Global Sales and Structuring in the design and negotiation of new/amended CSAs, including direct client engagement
Participate in the development and improvement of tools and models needed to manage ColVA risk
Work in close partnership with control functions such as Legal, Compliance, Market and Credit Risk, Audit, Finance to ensure appropriate governance and control infrastructure
Appropriately assess risk when decisions are made, demonstrating consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to policy, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency

Requirements:

Significant experience working preferably in an XVA trading business, including capital and notional management, as well as pricing CVA/Funding/Capital for Rates and Currencies products (candidates with experience in non-linear trading might also be considered)
Very strong analytical and mathematical skillset
Comfortable with derivatives modelling concepts
Strong Excel + Python/other programming skills & experience
Demonstrated ability to conduct own research, evaluate proof of concepts / prototypes, articulate ideas and deliver presentations
Ability to read CSAs and decipher important information from it
Familiarity with capital rules (Basel RWA, CCAR and/or GSIB)
Ability to pick up new concepts and think outside the box quickly
Knowledge of the following would be a plus: the latest XVA trends, DP analytics, compression and IM optimization
Undergraduate numerate degree or higher, degree in Physics, Mathematics, Engineering or Economics with background in Financial Mathematics preferred

Nice to have:

Knowledge of the latest XVA trends
DP analytics
compression and IM optimization

What we offer:

Generous holiday allowance starting at 27 days plus bank holidays
increasing with tenure
A discretional annual performance related bonus
Private medical insurance packages to suit your personal circumstances
Employee Assistance Program
Pension Plan
Paid Parental Leave
Special discounts for employees, family, and friends
Access to an array of learning and development resources

Additional Information:

Job Posted:
May 30, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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