Roundtable Discussion: The 'State of the State' of XVA Front-Office Risk Management

For both the sell-side and buy-side, the key to XVA is to understand how the pricing of derivatives costs are being transferred, however, the measurement, management and optimization of XVA is challenging to define and operationalize. Although XVA has been widely discussed over the past five years, the mandate has shifted to no longer only be about revenue generation, but also revenue preservation.

On June 13th, Numerix hosted a live roundtable discussion to debate the hot button issues driving XVA adoption today. Numerix leadership together with XVA consulting expert, James Sehgal of Invicta debated their perspectives on the following topics:

  • The new factors driving XVA adoption today
  • How XVA has transformed
  • Roadblocks to managing and optimizing XVA costs
  • Hedging XVA – is it necessary, or even possible?
  • The XVA desk: essential, or not necessarily?



  • Walk away with a modern take on how and why XVAs are being used today.
  • Be empowered to ask the right questions about how your trading operation is calculating, understanding and using XVAs.
  • Learn why the choice to ignore XVAs is no longer an option.


Featured Speakers:

Mark Ronan, VP, Head of Program Management at NumerixJames Sehgal, Principal Director, Financial Services, Invicta
James is specialised in XVA Portfolio Management, Risk Management (Market and Credit), Basel III Regulation, IFRS 9, Capital Optimisation, Documentation, Risk Policy & Control and Governance. James has been working in the financial services industry for almost 19 years across 3 continents. He has gained a diverse set of experiences in front office portfolio management desk head, Risk Control & Policy, Regulation Strategy at leading, UK, Dutch and Canadian financial institutions. In his last role, he was working for a UK global bank, where he was Managing Director and Asia Pacific Head of XVA for more than 5 years. Prior to that, he was based in London, and North America where he has held senior roles in, CVA, Market Risk and portfolio management. He is also co-author of PRMIA Handbook on Counterparty Risk & CVA.

Mark Ronan, VP, Head of Program Management at NumerixAndrew McClelland, Ph.D., Director, Quantitative Research, Numerix
Andrew McClelland's work at Numerix focuses on counterparty credit risk issues including valuation adjustments and counterparty exposure production for structured products. He also works on numerical methods for efficient production of risk profiles under real-world measures.

Andrew received his Ph.D. in finance at the Queensland University of Technology in financial econometrics. His research involved markets exhibiting crash feedback, option pricing, and parameter estimation using particle filtering methods. His work has been published in the Journal of Banking and Finance, the Journal of Econometrics, and the Journal of Business and Economic Statistics.

Mark Ronan, VP, Head of Program Management at NumerixSatyam Kancharla, Chief Strategy Officer and Senior Vice President of Client Services, Numerix
Mr. Kancharla, as Chief Strategy Officer and Senior Vice President, is responsible for corporate strategy and currently heads the Client Solutions Group at Numerix. This group is responsible for Product Management, Financial Engineering and Business Analysis.

Prior to this, he has served in various roles in Quantitative Software Development, Financial Engineering and Client Services at Numerix. Before transferring to Numerix in New York City, he was the CTO for Numerix Japan LLC in Tokyo, heading the Pre-Sales and Financial Engineering teams for Asia. Prior to joining Numerix in 2003, Mr. Kancharla also worked with Merrill Lynch and GE Capital in Quantitative Finance and Product Development roles.
He holds an MBA degree from New York University’s Stern School of Business, an MSc degree in Applied Statistics and Informatics from Indian Institute of Technology, Bombay and a BSc in Mathematics and Computers from the University of Mumbai.

JamesJockleModerator: James Jockle, Chief Marketing Officer, Numerix
Mr. Jockle leads the company's global marketing efforts, spanning a diverse set of solutions and audiences. He oversees integrated marketing communications to customers in the largest global financial markets and to the Numerix partner network through the company's branding, electronic marketing, research, events, public relations, advertising and relationship marketing.

Prior to joining Numerix, he served as Managing Director of Global Marketing and Communications for Fitch Ratings. During his tenure at Fitch, Mr. Jockle built the firm’s public relations program, oversaw investor relations and led marketing and communications plans for several acquisitions. He also oversaw the brand development of a new company dedicated to the enhancement of credit derivative and structured-credit ratings, products and services. Prior to Fitch, Mr. Jockle was a member of the communications team at Moody's Investors Service.

Register for the On-Demand Webinar

Complete the form below to register for Roundtable Discussion: The 'State of the State' of XVA Front-Office Risk Management

Select Form: 

Form #1: On-Demand Webinar

Keep me informed of future webinars from Numerix:

Sign me up to receive "Thinking Derivatively" monthly newsletter by Numerix:

* Required fields
on-demand webinar

On-Demand Webinar | and Numerix: Exploring MVA & Initial Margin

conference presentation

Margin Valuation Adjustment: Initial Margin for Client Trades & Dynamic Hedges

press release - Nov 12, 2018

Numerix Wins Awards for Front Office Risk Management Technology, Pricing & Valuation and xVA in...

newsletter issue - Nov 12, 2018

Thinking Derivatively - November 2018 Issue

live webinar, webinar

Preparing for a World Without LIBOR: Where Are We Now?

news - article pdf - Dec 20, 2017

CEO Today | CEO Today USA Awards 2017

analyst report Beyond LIBOR Special Report 2018

analyst report

Greenwich Associates - Technology Opening Doors for Fixed-Income Dealers

white paper

The 5 Top-of-Mind Issues Dominating the LIBOR Transition

newsletter issue - Oct 11, 2018

Thinking Derivatively - October 2018 Issue

written blog

Why We're Putting Front-Office Risk Transformation Into Focus

analyst report

Chartis Spotlight Report: Numerix | Front Office Risk Management Technology 2018