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Commodities XVA Trader (VP) - PARIS (Hybrid)

Citigroup, Inc.
Paris, France
Closing date
Aug 9, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
XVA Trader, VP - Paris

Citi is looking to hire a VP Trader to join the Commodities XVA desk in Paris.

The Commodities XVA desk is responsible for the pricing and subsequent risk management of trades in the commodities business. The desk also manages and prices the use of funding and capital. The desk prices transactions of varying sizes, and manages several portfolios of credit, commodities, rate, FX, and volatility risk. The desk works closely with sales, risk management, finance and all commodities trading desks.

You will work alongside an established CVA/XVA trading desk managing all aspects of deal pricing, book management and projects. You will be employed by Citigroup Global Markets Europe (CGME) and be responsible for the commodities XVA PnL with an additional oversight for CGME PnL for the overall commodities business.

What you will do will be varied day to day, but the key drivers for the role are:
  • Provide XVA, funding and capital pricing to Sales and Structuring desks.
  • Optimize costs of the CVA/XVA trading books as well as capital usage of the commodity business.
  • Work with quant and IT groups on modelling improvements.
  • Create, optimize, and manage desk tools and reports.
  • Ensuring CGME limits are followed and liaison with CGME market risk as well any other local entity requirements.
  • Work in close partnership with control functions such as Legal, Compliance, Market and Credit Risk, Audit, Finance to ensure appropriate governance and control infrastructure.
  • Build a culture of responsible finance, good governance and supervision, expense discipline and ethics.
  • Appropriately assess risk/reward of transactions when making business decisions, demonstrating proper consideration for the firm's reputation
  • Be familiar with and adhere to Citi's Code of Conduct and the Plan of Supervision for Global Markets and Securities Services
  • Adhere to all policies and procedures as defined by your role which will be communicated to you.
  • Obtain and maintain all registrations/licenses which are required for your role, within the appropriate time.
  • Appropriately assess risk when business decisions are made, demonstrating particular 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.

What we will need from you:
  • You will need to have some relevant trading experience in commodities, XVA or complex derivatives.
  • This role will collaborate with various teams including Sales & Structuring to contribute to deal structuring; therefore, you will need to demonstrate teamwork skills both within, and across teams.
  • Consistently demonstrate clear and concise written and verbal communication
  • Undergraduate degree in Maths, Science, Engineering, Economics, or related fields
  • Extremely strong analytical and mathematical skills, with the ability to program a strong bonus.
  • Ability to act and make decisions independently, with diligence.

What we can offer you

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

By joining Citi Paris, you will not only be part of a business that has a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed) and enjoy a whole host of additional benefits Pension Plan.

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self, every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.


Job Family Group:
Institutional Trading

Job Family:

Time Type:
Full time

Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .

View the " EEO is the Law " poster. View the EEO is the Law Supplement .

View the EEO Policy Statement .

View the Pay Transparency Posting

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