(Director) Market Risk Manager, XVA Trading

Ref: XVAMR-2006
£££ Excellent Base, Good Bonus, Benefits
Top-tier US Investment Bank
XVA Trading, OTC Derivatives, CVA, FVA

This top-tier US Investment Bank seeks to expand its Market Risk division with the hire of a director level Market Risk Manager for XVA Trading. The CPM (Counterparty Portfolio Mgnt) desk is responsible for hedging derivatives valuation adjustments, such as CVA & FVA.

You will manage all significant exposures and perform qualitative & quantitative analysis of all material positions and risks and also look across other risk areas such as operational, credit, and counterparty. You build excellent relationships with stakeholders & the Regulator (PRA) with deep product knowledge and quant skills.


  • Reviewing market risk positions, potential risk scenarios, challenges the desk
  • Liaise with the businesses to understand market trends exposures
  • Propose to management market risk limits for the trading floor within the risk appetite
  • Enhance the risk management capabilities
  • Review risks related to non-standard or structured trades and new products
  • Contributing to the development of the risk team
  • Providing detailed explanations of the market risk of the desk, to senior management, to the CPM trading desk, and the Regulator (PRA)


  • Excellent knowledge of derivative products with validated quantitative skills
  • Strong experience in Capital Markets
  • Solid communication skills and gravitas to liaise with the Regulator (PRA)
  • Able to analyse exposure and risk reports in-depth daily and follow-up on significant changes
  • Skilled at building relationships with the business while maintaining independence
  • Strong quantitative background and excellent academics