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XVA Trader Trainee

Job LocationLondon
EducationNot Mentioned
SalaryCompetitive salary
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent , full-time

Job Description

Description of the Business Line or DepartmentMARK/FIC gives access to a large scope of exposure and opportunities across Interest Rate, Foreign Exchange, Inflation and Multi-asset universes.Supported by extensive research, engineering, trading and e-commerce capabilities, we offer strategic insights strategy, 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

  • Assist xVA traders in daily tasks
  • Contribute to projects led by the manager
  • Assist in xVA management
  • Work with R&D teams to improve xVA pricers
Summary of responsibilities
  • Assist xVA traders in pricing CVA/FVA on derivatives for all asset classes traded within MARK
  • Explain pricing assumptions and calculation to MARK sales & trading
  • Monitor, with the help of support teams, the xVA fee worklows
  • Help xVA traders in optimizing existing derivatives portfolios to reduce CVA, CVAR, capital and funding costs
  • Help to Put in place and monitor the process for internal and external tools to optimize IM (bilateral and clearing houses
  • Contribute to the development of pricing and risk management systems for XVA. In particular XVA traders are responsible of testing new developments from MARK/TRD/ARD or ITEC.
Competencies
  • Educated in a numerate discipline
  • Derivatives pricing experience
  • Understanding of counterparty exposure calculation
  • Basic knowledge of regulatory constraints
  • Basic knowledge of scarce resources constraints impacting MARK
  • Fluent English

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