XVA Trader managing valuation adjustments, hedging, and risk for Desjardins Capital Markets’ OTC derivatives business. Supporting pricing, capital, funding, and portfolio optimization across Montréal or Toronto.
About the role
- XVA Trader managing valuation adjustments, risk, capital, and hedging for Desjardins Capital Markets’ OTC derivatives business. Supporting pricing, portfolio optimization, and quantitative model development.
Responsibilities
- Price and analyze valuation adjustments applicable to derivatives transactions, including CVA, FVA, ColVA, MVA, and capital-related adjustments
- Assess the economic impact of new transactions, considering counterparty credit risk, funding costs, collateral, initial margin, liquidity, and regulatory capital requirements
- Provide timely XVA pricing to sales teams and advise stakeholders on appropriate transaction structuring solutions
- Participate in discussions with clients and counterparties when XVA expertise is required
- Manage market and credit risks associated with XVA portfolios
- Analyze sensitivities, trading results (P&L), and risk exposures to identify key performance drivers
- Design and implement hedging strategies aimed at reducing valuation-adjustment volatility
- Contribute to management of credit spread risk, jump-to-default risk, and wrong-way risk
- Analyze derivatives portfolio impacts on funding, liquidity, initial margin, and regulatory capital
- Collaborate with Treasury, Finance, and Risk Management teams to optimize capital, funding costs, and collateral utilization
- Contribute to portfolio optimization initiatives, including compression, novation, clearing, and collateralization strategies
- Support development of methodologies incorporating funding, capital, and collateral costs into transaction pricing
- Participate in development and enhancement of XVA pricing and risk-management models, methodologies, and tools
- Partner with quantitative and technology teams to improve pricing, simulation, hedging, and reporting capabilities
- Contribute to governance, validation, and continuous-improvement initiatives supporting the XVA desk
- Stay current on regulatory developments, market best practices, and innovations related to valuation adjustments, counterparty risk, and regulatory capital
Requirements
- Master's degree in Financial Engineering, Mathematics, Physics, Statistics, Economics, Computer Science, or another relevant quantitative discipline
- A minimum of five to ten years of relevant experience
- Other combinations of qualifications and relevant experience may be considered
- Experience with the Murex platform
- Professional certification such as CFA, FRM, PRM, CQF, or equivalent
- Strong communication skills in both French and English, both oral and written
- Strong knowledge of OTC derivatives valuation and pricing
- Advanced knowledge of XVA pricing methodologies, including CVA, FVA, KVA, ColVA, and MVA
- Knowledge of regulatory capital frameworks, including SA-CCR and BA-CVA/SA-CVA
- Advanced knowledge of statistics, numerical methods, and simulation models
- Knowledge of artificial intelligence tools and the ability to use them effectively and responsibly to enhance data analysis, process automation, and productivity
- Proficiency in quantitative programming tools and libraries such as Python, NumPy, and SciPy
- Knowledge of data management and analytics tools, including SQL Server and Pandas
- Action oriented, Complexity, Customer Focus, Decision quality, Differences, Nimble learning, Resilient, Strategic mindset
Benefits
- Competitive salary and annual bonus
- 4 weeks of flexible vacation starting in the first year
- Defined benefit pension plan that provides predictable, stable income throughout retirement
- Group insurance including telemedicine
- Reimbursement of health and wellness expenses
- Reimbursement of telework equipment
- Benefits apply based on eligibility criteria
Job title
Job type
Experience level
Salary
Not specified
Degree requirement
Tech skills
Location requirements
Report this job
Found something wrong with the page? Please let us know by submitting a report below.
Programmatic Trader managing DSP campaigns for Directive Consulting, a B2B performance marketing agency. Optimizing media, reporting results, and advising SaaS clients.
Quantitative Trader/Researcher developing and optimizing algorithmic trading models for Z1 Tech’s financial markets strategies. Analyzing datasets, monitoring live systems, and managing trading risk.
Graduate trader executing client FX and interest - rate hedges at Validus, a hedging - strategy and derivatives - execution firm. Monitoring portfolios, pricing trades and coordinating with clients, advisers and banks.
Quantitative Trader/Researcher developing and implementing quantitative models for trading strategies in financial markets. Join a dynamic team at Z1 Tech in Vancouver.
Senior Programmatic Trader maximizing campaign performance and protecting profitability across various programmatic channels. Leading campaign execution excellence and partnering with multiple teams at Locala.
Licensed Trader executing buy/sell orders and providing customer support in a fintech environment. Collaborating with Compliance and Operations to enhance client experiences.
Trader managing market - making strategies for NDAX, Canada's cryptocurrency trading platform. Collaborating with teams to optimize liquidity and enhance trading performance while monitoring market conditions.