Counter party risk trading desk at Barclays

cewoon · 3/12/19

Dear Quantnet
I was recently invited for an interview for the aforementioned intern level job. Unfortunately I do not have much understanding of the term counter party risk trading. A quick search of the term on google reveals information on counter party risk or trading but never the 2 put together. Can someone provide some advice on reading materials for the interview? I am really desperate to get this position...
Many thanks

AmiFinance · 3/12/19

Are you sure its not Counter party trading risk? since that might make sense to me

IntoDarkness · 3/12/19

probably an xva desk

AmiFinance · 3/12/19

IntoDarkness said:
probably an xva desk

That would be my guess as well

Ken Abbott · 3/12/19

I believe I posted this in the risk readings section I maintain on this site, but here’s the best intro I’ve seen:

https://www.darrellduffie.com/uploads/surveys/DuffieCanabarro2004.pdf

NY or London? You really should know if it’s XVA or risk beforehand. Those are VERY different positions.

cewoon · 3/12/19

I can confirm it is counter party risk trading desk from the email I received.
@Ken Abbott Thanks for the reading I think I will start there.

Ken Abbott · 3/12/19

cewoon said:
I can confirm it is counter party risk trading desk from the email I received.
@Ken Abbott Thanks for the reading I think I will start there.

Read this as well:
https://www.bis.org/fsi/fsisummaries/ccr_in_b3.htm

cewoon · 3/12/19

Thanks. the position is in singapore. Unfortunately i don't really know what the position is about. HR sort of just asked me whether I want to try for the interview after I got rejected for the position i was gunning for.

IntoDarkness · 3/12/19

it should be mostly an xva pricing job, especially on the counterparties with weak CSAs

cewoon · 4/9/19

Hello all
I want to say thanks to everyone who gave their advice. I studied really hard and I got the job with some luck. MY FIRST REAL JOB YESSS