Emerging Markets - Index/Delta One Trader

Discover your future at Citi

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Job Overview

Citi's Markets business stands as a global leader, providing world-class solutions and unparalleled access across nearly 80 countries. Our client-facing, revenue-generating division offers extensive trading and execution capabilities spanning diverse asset classes like Commodities, Equities, Rates, and Spread Products, alongside our market-leading FX franchise. As a critical engine within the firm, Citi Markets empowers corporations, institutional investors, and governments with innovative financial products and services, driving global commerce and investment.

This role seeks a highly accomplished and results-driven Emerging Market (EM) Trader to join our dynamic Equities trading desk. You will leverage extensive experience in navigating the complexities of EM equity derivatives, consistently delivering robust P&L, managing significant risk books, and optimizing trading strategies across diverse EM landscapes. This position requires a trader adept at combining deep market insights with sophisticated product knowledge to capitalize on market dislocations and client opportunities, driving growth and expanding client penetration within complex EM segments.

What you will do will be varied day to day, but the key drivers for the role are:

• Consistently generate strong P&L through strategic trading and monetization of market conditions in EM equity derivatives, expanding client penetration within key institutional segments.

• Develop and execute sophisticated trading strategies across MSCI indices, synthetic baskets, exchange traded futures, futures, and swaps, with a focus on optimizing hedging and managing exposure.

• Implement and maintain robust risk management frameworks, ensuring strict adherence to VAR limits, RWA constraints, and firm policies while proactively identifying and mitigating risks.

• Utilize deep understanding of EM market structures, regulatory nuances, and unique challenges to price complex derivatives, including TRFs and custom baskets, leveraging advanced pricing models.

• Capitalize on market dislocations, including managing dividend disparities on ETFs and exploiting arbitrage opportunities between ETFs and futures in EM.

• Drive operational excellence by streamlining trading processes, enhancing controls, and championing automation initiatives to optimize inventory management and cost efficiency.

• Cultivate strong collaborative relationships with internal partners across sales, technology, quants, and product control to drive effective execution, enhance controls, and support innovation.

What we will need from you:

• Extensive experience as an Emerging Market Trader with a proven track record of consistently delivering robust P&L in EM equity derivatives.

• Deep understanding of EM market structures, regulatory nuances, cross-currency impacts, tax implications, and product specialization.

• Proficiency in pricing complex derivatives using advanced pricing models and hands-on experience with critical trading platforms and tools.

• Demonstrated expertise in strategic trading, robust risk management, and operational excellence, including process improvements and cost optimization.

• Exceptional analytical, communication, and problem-solving skills, with a proven ability to perform resiliently under pressure and exhibit strong commercial acumen.

• Experience in cultivating strong, collaborative relationships with diverse internal partners and actively engaging in cross-functional initiatives.

What we will provide you:

By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:

• 27 days annual leave (plus bank holidays)

• A discretionary annual performance related bonus

• Private Medical Care & Life Insurance

• Employee Assistance Program

• Pension Plan

• Paid Parental Leave

• Special discounts for employees, family, and friends

• Access to an array of learning and development resources

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self, every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Candidates applying for this role must be aware that it is a Certified Role, subject to the FCA and PRA Certification Regime.

The Certification Regime is one element of the Individual Accountability Regime which came into effect on 7 March 2016.

Under the Certification Regime, Citi UK regulated entities (Citi entities) must ensure that employees working in certain roles categorised as specified significant harm functions (Certified Roles) are assessed as fit and proper to carry out their role.

Under the guidance provided by the FCA and PRA, firms should have regard to the following when assessing fitness and propriety:

* Honesty, integrity and reputation

* Financial soundness

* Competence and capability

In order to comply with the requirements of the Certification Regime, Citi entities must take reasonable care to ensure that an employee does not perform a Certified Role without first being certified as Fit and Proper. For this reason, you will be assessed for this role against the Fit and Proper requirements, as described above.

This assessment will be carried out through extensive interviews, self-disclosures, permitted criminal record checks, regulated reference checks, credit checks and other background screening checks.

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Job Family Group:

Institutional Trading

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Job Family:

Trading

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Time Type:

Full time

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Most Relevant Skills

Please see the requirements listed above.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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View Citi’s EEO Policy Statement and the Know Your Rights poster.