Head of Commodities XVA Trading

Role Overview:

The Head of Commodities XVA Trading will lead the trading strategy, manage risk, and optimize capital for the commodities portfolio across our London, Paris and Houston offices. The role reports directly to the Head of Global XVA Trading and requires deep knowledge of commodities markets, XVA methodologies, regulatory requirements, and proven leadership in a global markets environment.

This role can be based in London or Houston.

• Lead the Commodities XVA desk, aligning with the global XVA trading mandate to achieve profitable performance and competitive positioning.
• Oversee all XVA trading activities, ensuring optimal P&L and managing exposure to CVA, FVA, KVA and related valuation adjustments.
• Establish and enforce robust risk management frameworks, controls and limits, monitoring market, credit, operational and liquidity risk while ensuring compliance with Basel, FRTB, Dodd‑Frank and other regulatory requirements.
• Lead, mentor and develop a high‑performing team of XVA traders and junior analysts across London, Paris and Houston, fostering collaboration and continuous learning.
• Drive capital optimization initiatives to improve capital utilisation and balance sheet efficiency in partnership with Markets capital management leads.
• Collaborate with Sales, Structuring, MQA, Technology, Credit and Market Risk Management, Legal, Compliance and Finance, representing the desk in internal committees and external industry forums.
• Ensure all trading activities comply with relevant local and international financial regulations, compliance standards and internal governance frameworks.
• Partner with Technology and Risk teams to enhance trading systems, analytical tools, pricing models and reporting capabilities for XVA.
• Conduct in‑depth market analysis to identify trends, dislocations and opportunities within global commodities and derivatives markets.

• Proven experience in commodities and/or XVA trading at a major financial institution.
• Significant track record of leading and managing trading teams across multiple geographies.
• Expert knowledge of commodities markets (energy, metals, agriculture), derivatives pricing and XVA models with strong quantitative finance skills.
• In‑depth understanding of global financial regulations affecting derivatives trading and capital requirements.
• Bachelor's or Master’s degree in a quantitative field; CFA or FRM designation is a plus.
• Excellent communication, interpersonal and presentation skills, able to articulate complex strategies to diverse audiences.
• Strong analytical and problem‑solving abilities with a strategic mindset.

• Strong commercial drive and P&L focus.
• Ability to perform under pressure and make sound decisions in fast‑paced environments.
• High ethical standards and integrity.
• Adaptability and resilience in dynamic market conditions.

• 27 days annual leave plus bank holidays.
• Discretionary annual performance‑related bonus.
• Private medical care and life insurance.
• Employee assistance program.
• Pension plan.
• Paid parental leave.
• Special discounts for employees, family and friends.
• Access to a broad range of learning and development resources.

Citi is an equal opportunity employer and qualified candidates will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran or any other characteristic protected by law. For reasonable accommodations or accessibility information, please visit the Citi Accessibility page. View Citi’s EEO Policy Statement and the Know Your Rights poster.