xVA Trader Trainee

Permanent contract|London|Others

xVA Trader Trainee

London, United Kingdom Permanent contract Others

Responsibilities

Description of the Business Line or Department

MARK/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.

Profile required

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

Why join us

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.

Business insight

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 Société Générale, 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.

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 21000QX0
Entity: SG CIB
Starting date: 2021/12/06
Publication date: 2021/09/03
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