Head of XVA Trading - Executive Director

Sumitomo
London
Workplace: OnsiteFull timeFunction: Capital Markets, Trading & QuantSkills: ["Leadership","Quantitative analysis","Risk management","Stakeholder management","Strategic decision-making"]

Lead the XVA Trading function for the Macro Rates Group, serving as the front-office subject matter expert for portfolio- and trade-level xVA (CVA, DVA, FVA, MVA, KVA). Own desk strategy, risk, pricing, and P&L delivery while managing daily sensitivities, basis risk, and right-/wrong-way risk. Drive model and infrastructure enhancements and coordinate across global XVA, trading, and risk/control stakeholders to optimize risk-adjusted returns.

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Sumitomo
Sumitomo
3 days ago

Head of XVA Trading - Executive Director

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Last checked: 4 hours agoStatus: Live

Job Summary

Lead the XVA Trading function for the Macro Rates Group, serving as the front-office subject matter expert for portfolio- and trade-level xVA (CVA, DVA, FVA, MVA, KVA). Own desk strategy, risk, pricing, and P&L delivery while managing daily sensitivities, basis risk, and right-/wrong-way risk. Drive model and infrastructure enhancements and coordinate across global XVA, trading, and risk/control stakeholders to optimize risk-adjusted returns.
Location: London
Workplace: Onsite
Employment Type: Full time
Job Function: Capital Markets, Trading & Quant
Seniority: Director level

Key Responsibilities

  • •Define and execute XVA desk strategy, risk appetite, and product focus aligned to Macro Rates Group and firm-wide objectives.
  • •Own daily management of XVA risks, sensitivities, basis risk and right-/wrong-way risk within approved limits and governance.
  • •Lead the London XVA desk and coordinate with global XVA desks and related functions including Derivative Trading, Marketing, Risk, Model Validation, Treasury/ALM, Product Control, Legal, Compliance, Operations and Technology.
  • •Drive model and infrastructure enhancements to improve risk-adjusted returns.
  • •Deliver desk strategy outcomes through risk, pricing and P&L delivery for portfolio and trade-level xVA.

Pay and Benefits

Perks:Health InsuranceLife InsurancePaid Leave

Key Requirements

  • •Extensive hands-on xVA pricing and hedging experience across rates, FX and credit markets.
  • •Proven execution in instruments used to hedge xVA, including IRS, CCS, options, CDS/indices, futures, repos and FX.
  • •Strong quantitative and analytical capability plus leadership experience driving change across modelling, systems and governance.
  • •Practical ISDA/CSA knowledge with senior stakeholder influence.
  • •Ability to define xVA desk strategy, risk appetite and product focus aligned to Macro Rates Group and firm-wide objectives.
Experience:Global marketsRatesFXCreditDerivatives
Skills:LeadershipQuantitative analysisRisk managementStakeholder managementStrategic decision-making

Company Brief

Sumitomo
Sumitomo Corporation is a global diversified trading and investment conglomerate engaged in metal products, transportation, infrastructure, media, real estate, and other business domains through investments, trading, and integrated solutions worldwide.
Industry: Conglomerates & Holding Companies
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Tokyo, Japan
Founded: 1919
WebsiteLinkedIn