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XVA Trader

London, United Kingdom
Closing date
Apr 4, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
This role is deemed as a Certified role under the PRA & UK Financial Conduct Authority - Individual Accountabilities Regulations and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

As a Barclays XVA trader, you will be a member of the team responsible for managing the global XVA portfolio. This entails trading across FX, Rates, Equities and Credit products to efficiently manage the risks, pricing material/complex client activity and engaging in a wide variety of projects to expand the sophistication and efficiency of the business. The role is highly dynamic and responsibilities will change frequently, reflecting the fast-changing field of XVA.

Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality and innovation behind us. We offer careers that provide endless opportunity - helping millions of individuals and businesses thrive, and creating financial and digital solutions that the world now takes for granted.
Working Flexibly
We're committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers' and clients' needs. Whether you have family commitments or you're a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility, then please discuss this with the hiring manager.

We are currently operating in a hybrid working environment, meaning that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. Please discuss the detail of the working pattern options for the role with the hiring manager.

What will you be doing?
• Actively trading across all asset classes using a variety of linear & non-linear products, with a focus on interest rate risk management
• Devising optimal hedging and pricing strategies for the portfolio, including identifying and hedging tail risks
• Pricing XVA impact on client activity across all asset classes/trade types, working closely with Sales/Trading/Banking stakeholders to ensure seamless deal execution
• Analysing client activity, studying global market dynamics, staying abreast of cutting-edge XVA developments
• Collaborating with Tech & Quant teams to continuously improve risk management tools, models and processes
• Liaising with Finance & Market Risk in producing/reconciling daily PnL & risk reporting
• Engaging with junior talent in the firm, including coaching/managing junior members of the team, helping foster a collegiate environment on the desk

What we're looking for:
• Undergraduate or equivalent degree, ideally in a quantitative discipline such as Engineering, Computer Science, Applied Mathematics, Physics or similar
• Trading/Portfolio Management experience, preferably with track record in rates/options/XVA space
• Excellent technology skills, e.g. advanced Excel and sound programming aptitude/experience, Python preferred
• An entrepreneurial approach, with a growth mindset and the passion to help further build a best-in-class business

Skills that will help you in the role:
• Self-starter with the intellectual curiosity to learn more and seek out ways to add value beyond what's asked
• Exceptional focus and attention to detail
• Confident communication skills, being able to communicate complex ideas to a wide range of audiences, including senior management
• An 'influencer': able to understand the challenges and influence positive outcomes

Where will you be working?
In the heart of Canary Wharf, our headquarters at Churchill Place boasts onsite amenities such as; a gym, staff restaurant and deli bar, and is easily accessible by tube and bus links. With a population of around 5000 staff the atmosphere is second to none with a real buzz being created around the offices within.

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