Head of XVA and Collateral Risk Management

Head of XVA and Collateral Risk Management

Business type

Corporate & Investment Banking

Job title

Head of XVA and Collateral Risk Management

Contract type

Permanent

Job summary

Responsible for overseeing XVA and collateral risk management within Crédit Agricole CIB’s Global Markets Division in London. The scope includes G3 Rates, Credit Repo Indexing, Capital Markets Funding, Credit Trading, and Counterparty Credit Risk (CCR). These activities focus on counterparty exposure and funding risks, critical components in derivative pricing and valuation. The role requires close collaboration with front‑office business lines and market activity monitoring teams, operating in a dynamic environment shaped by evolving market conditions and complex regulatory landscape.

Delegated Daily Responsibilities

• Monitor market activity, review positions taken by the XVA desk and collateral desk across G3 rates, credit repo indexing, capital market funding, credit trading and CCR, and communicate to Senior Management.
• Review market news and movements.
• Review positions/exposures and changes to the positions/exposures (Marly) within the defined scope.
• Review P&L analysis and risk reports within the defined scope.
• Liaise, coordinate and communicate with the Front Office.
• Review risks taken by all desks under responsibility and the reward for taking these risks using current or new methodologies.
• Analyze risks taken by the XVA desk and collateral desk – positions, sensitivities & VaR figures, stress test results.
• Liaise with Head Office regarding risk analysis on G3 rates, credit repo indexing, capital market funding, credit trading and CCR.

Delegated Periodic Responsibilities

• Communicate to senior business and risk management in support of preparation of dashboards and collection of material for weekly risk meetings and the Head Office Market Risk Committee (MRC).
• Conduct annual review of market risk limits and submit recommendations to the HO MRC for validation.
• Contribute to the month‑end process (computation of reserves, pricing committee) in collaboration with XVA desks, Finance, and MAM.
• Contribute to the London Risk Committee (LRC) on the defined scope of responsibilities.

Other Delegated Responsibilities

• Validate risk indicators, produce official risk reports and notify limit breaches.
• Analyze new limit and one‑off requests and make recommendations to the MRC for validation.
• Investigate limit breaches and discuss remedial action with the Front Office where appropriate.
• Participate in risk management methodology evolution and in the development of hold‑back reserve methods and their implementation.
• Produce and distribute weekly risk reports.

Supplementary Information

Join our team at Crédit Agricole CIB, the corporate and investment banking arm of the 10th largest banking group. We offer more than just a job. You will be part of a dynamic and collaborative work environment where CSR is embraced in our day‑to‑day business operation, innovation is encouraged, and diversity is celebrated. Crédit Agricole CIB, the first French bank to commit to the Equator Principles, is a global leader in sustainable finance. Our commitment to sustainability and corporate responsibility means that your work will have a positive impact on our communities and the environment. With a people‑centric culture where everyone is valued, and opportunities for personal and professional growth, Crédit Agricole CIB is not just a place to work – it is where you make an impact. Our hiring process is open to all and we will accommodate any specific needs or adjustments you may require.

Geographical area

Europe, United Kingdom

City

London

Work arrangement

Hybrid

Education

Bachelor Degree / BSc Degree or equivalent

MSc in finance, maths, engineering, economics, physics, or other numerate degree

Experience

• Market risk or trading experience.
• Strong interest in rate, credit and/or hybrid exotic product knowledge.
• Good understanding of counterparty risk issues.

Required skills

• Pro‑activity.

Technical skills required

• Strong financial skills.
• Strong knowledge of exotic products, including pricing methodologies.
• Project management.

Entity

Crédit Agricole CIB is the corporate and investment bank of the Crédit Agricole group, the 10th largest banking group in the world. We support major companies and financial institutions in their development and financing of projects. As pioneers in responsible finance, social and environmental commitments are at the heart of our activities. Joining our teams means working in a multicultural, dynamic, and stimulating environment where we contribute to developing a sustainable economy. We support employees throughout their journey, developing your skills and offering various mobility opportunities across more than 30 international locations. Our culture is built on collaboration, innovation, and openness, where everyone is valued and empowered. By working every day in society’s interest, Crédit Agricole CIB aligns with the Group values committed to diversity, inclusion and places people at the heart of all transformations. All our jobs are open to people with disabilities. We welcome applications from candidates of all backgrounds and experiences. Ready to take part in our mission?