XVA Senior Analyst

XVA Senior Analyst

EDF Trading is active in the electricity, natural gas, LPG, oil and environmental products markets.

(more about EDF Trading)


XVA Senior Analyst

Location: London
Department: UK

Description

 

Job title: XVA Senior Analyst

Reports to: Noel CONTAMIN

Location: London

About EDF Trading

EDF Trading is a leader in the international wholesale energy markets.  The company manages a portfolio of assets which give it the ability to source, supply, transport, store, blend and convert physical commodities around the world.  These capabilities enable EDF Trading to deliver essential asset optimisation services, risk management and wholesale market access to the EDF Group and its third party customers, helping them to realise the value inherent in their asset portfolios.

 

EDF Trading is active in the electricity, natural gas, LPG, oil and environmental products markets.  It is also active in the LNG and coal and freight markets via JERA Global Markets* (“JERAGM*”).  EDF Trading is one of the largest wholesale market traders in Europe for power and gas. In North America, EDF is one of the leading marketers of gas and power, one of the main providers of generation services for power generation companies.

 

*JERAGM is a joint venture between JERA Co., Inc. (66.67% through JERA Trading International Pte. Ltd. equity) and EDF Trading (33.33% equity).  JERAGM operates one of the largest seaborne energy portfolios in the world.

 

EDF Trading is a 100% owned subsidiary of EDF SA., one of the world’s biggest electricity generators and a leader in low-carbon production.

 

EDF Trading has around 800 employees with key offices in London, Paris, Singapore and Houston.

 

For more information, please visit www.edftrading.com

 

Team / department

 

Sitting within our Risk function, the XVA desk is responsible to ensure the optimization of Credit and Liquidity risk, cash flow and initial margin. This team has a transverse role, working in close collaboration with the Credit and Treasury teams to model and price the cash and credit impacts of transactions, coordinate market actions with desks.

 

 

Position purpose

 

This is a newly created role for EDF Trading and as such we are seeking a senior analyst to develop the XVA function. You will work closely with the Credit Risk and Treasury teams as well as the greater front office functions.

 

Main responsibilities

 

  • Develop and maintain IT tools to support optimization decision, working with IT department on enterprise solutions projects.
  • Improve indicators to monitor the impact of XVA trading actions, develop and run the reporting of the activity.
  • Be a reference in terms of knowledge of Exchanges’ Initial Margin rules, run scenarios of EFPs using Open Gamma and elaborate strategies to optimize position on the exchange.
  • Secund the Head of XVA to execute market transactions.

 

 

Experience required

  • 5 years of experience with in a commodities trading house, ideally energy
  • A deep understating of CVA’s, FVA’s and DVA’s and Credit experience would be an advantage
  • Experience in programming, preferably in one of the flowing context: XVA pricing, credit risk management, modelling and optimisation of cashflow.

 

Technical requirements

  • Educated to degree level or equivalent with mathematic or engineering background
  • Good knowledge of risk management techniques
  • Good financial modelling skills
  • Excellent written and verbal communication skills
  • Ability to develop Python and VBA

 

Person specification

 

  • Efficient communication in a fast pace environment, ability to take and communicate instant decisions
  • Able to prioritise tasks, respond to changes in priorities and solve some complex problems
  • Focused and resilient under external pressure
  • Excellent analytical skills
  • Ability to manage existing commercial relationships
  • High level of accuracy and attention to detail

 

Hours of work:

40 hours per week, Monday to Friday





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