CVA Trader

Job description

People join for the impact they can have on us. They stay for the impact we have on them. A flatter structure offers visibility and exposure beyond that of our competitors, so you know our names, and we know yours. It's personable, human, and inspires success through passion. By encouraging open mindedness and a willingness to share ideas, we have adapted to market changes and thrived through innovation. Bringing words like 'hard work' and 'dedication' together with 'community' and 'respect' has enabled us to work collaboratively and build our future together. We call this Team Spirit and it's what makes us different. It's what makes you different

Job Role: CVA Trader

JOB DESCRIPTION

Current Incumbent:

PS HR Employee ID:

PS HR Position No.:

FSA CF No.:

Summary

· CVA Trader: Price and hedge XVA on all asset classes traded by SG.

Main responsibilities

· Price XVA on derivatives for all asset classes.
· Compute Sensitivities and eventually hedge the trades.
· Explain pricing assumptions and calculation to sales & trading
· Support the development of pricing methods and hedging strategies
· Support set-up of CVA desk infrastructure (projects, tools)
· No managerial responsibilities

Degree of autonomy

Level of authority

· High autonomy : being self-sufficient in assessing XVA Price

Internal & external contacts

· Sales & Trading in different Business lines
· Pricing teams
· RISQ Department
· Collateral teams

Specific context [If applicable]

· The XVA desk is headed by Jerome De Vasconcelos. It is responsible for
· Pricing new trades
· Hedging new trades
· Managing the full XVA position
· Managing regulatory cva capital
· The regulatory environment is changing fast and the XVA desk has to adapt quickly. The XVA trader has to adjust to this environment and to be curious about the environment that is evolving.

CANDIDATE PROFILE

Education

· Financial studies
· Financial mathematics

Past experience

· Internship or VIE in a trading floor
· Quantitative Financial background is important

Languages

· Fluent English

Technical skills

· Excel/VBA
· Financial Mathematics

General Competencies

Competency

Description

Required ?

00000001

Management Skills

N

00000002

Operational Skills

Y

00000003

Regulatory Skills

Y

00000004

Communication Skills

Y

00000005

Flexibility - Adaptability

Y

00000006

Ability to make Decisions

Y

00000007

Ability to Work Under Pressure

Y

00000008

Analytical Skills

Y

00000009

Initiative

Y

00000010

Leadership Qualities

N

00000011

Teamwork

Y

Personal abilities

· Good communicator
· Ability to strike appropriate balance between mathematical theory and market practice
· Ability to defend prices against challenge
· Rigorous and precise both in communication and pricing/hedging

If you feel you have the required experience and qualifications, then please apply to the SG Resourcing Team, and we will manage your application. At Societe Generale, we believe our people are our strength and are core to the success of our business. As such, we search for, recruit and appoint the best available person on the basis of aptitude and ability, regardless of sex, marital or civil partnership status, race, colour, nationality, ethnic or national origins, pregnancy, disability, age, sexual orientation, religion, belief or gender reassignment.