12 Month Internship - XVA Trading Analyst

Crédit Agricole CIB

Sep 13, 2023

Applications are closed

Internship
Full-time
Off-cycle Internship
Banking & Finance
London

Requirements

Minimum level of study:
Bachelor Degree / BSc Degree or equivalent
Training / Specialization:
Graduate
Good knowledge of front office working and eager to learn
Soft skills:
Strong initiative
Team oriented
Excellent communication skills
The ability to think quickly, make decisions using good judgement and prioritise in busy situations
Ability to work efficiently with a great number of different teams within the bank
IT tools:
Strong quantitative background and IT skills

Responsibilities

Assist GMD Business Lines with derivatives adjustments (XVA) reviews:
Ensure promptness and accuracy when analysing derivatives adjustment
Ensure consistency across products and business centres
Assist with the further development of the CVA Platform:
Review methodologies for counterparty credit risk and funding costs calculation to be applied to new transactions together with Sales and Trading teams and in accordance with the bank’s hedging strategy.
Improve monitoring and reporting tools to extensively assess risks across CA CIB exposures
Interact with IT and Quantitative Research teams to design/improve systems architecture and modelling framework
Help Improve pricing capabilities for both the CVA team and other desks, including Sales, Trading and Structuring
Assistance to senior traders:
Ensure P&L is explained, Risks are accurate
Help where needed in the booking / Back-Office / Middle-Office processes
Assist CVA traders in their various duties.
Management and Reporting:
Report Daily pnl, risk and key market movements to management by email
Report to the Head of the CVA Trading Desk
Risk:
Ensure adherence with regard to position and risk limits, market and counterparty risk, pricing guidelines
Sign the mandate in the MRL tool according to the procedure currently in place with the Bank
Communication:
Work closely with support functions to ensure accurate and efficient processing of trades
Work closely to IT and Quantitative Research departments
At any time, communicate to the management and concerned functions in case of problems.
Attend regular meetings or conference calls with the other members of CVA Trading GMD group as requested and as appropriate to review market strategy and exchange ideas and any other pertinent information.
Contribute to discussions with the other members of CVA Trading GMD teams as requested and as appropriate to review market strategy and exchange ideas and any other pertinent information.

Crédit Agricole CIB

Finance

Industry

5001-10,000

Employees

2004

Founded Year

Mission & Purpose

Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 10th largest banking group worldwide in terms of tier 1 capital (The Banker, July 2022). Nearly 8,600 employees across Europe, the Americas, Asia-Pacific, the Middle East and North Africa support Crédit Agricole CIB's clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.