Equities Algo Trader

Citi is looking to hire an Equity Algo trader to sit within Citi’s EU, UK, and MEA Electronic Execution Business.

The Electronic Execution desk is part of the Cash Equities global business and is responsible for Electronic Execution, often referred to as “Low-Touch” is one of the three execution channels that institutional investors can use to interact with the Cash Equity Markets via Citi. Our firm provides Long-Only, Hedge Funds and Wholesale clients with a platform and algorithms to access the electronic orderbooks ran by a broad range of venues as well as principal liquidity via the Central Risk desk.

The Algo Trading function is responsible for monitoring and interacting with internal desk usage of e-trading strategies. Internal desks include, but are not limited to: Program Trading, DM Cash Trading, EM Cash Trading, Delta One Trading, Derivatives Trading & SES Trading. Algo Trading works closely with the Electronic Sales Trading team on a day-to-day basis. They oversee deployment of specific algo configurations for clients and ensuring our algos are behaving as expected. They help investigating any issue that clients or sales trader might face. Algo trading is also responsible for flagging any corporate actions or new security available to trade on the market, to ensure it would be considered by Citi’s algos and set up to be executed. Algo Trading is also responsible for deployment of new features and platform optimizations as made available from MQA and Technology partners.

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

• Build a deep enough understanding of the Algo framework to understand its decision-making process, adjust trading parameters based on market conditions, and give valuable feedback to the MQA team highlighting potential issues or simply contribute ideas on how to improve the framework.

• Responsibly monitor the Algo activity and manually engage with clients and traders on the desk to facilitate single stock cash equity trades.

• Work with key stakeholders to improve the operational efficiency of the business, developing robust and market leading systems.

• Work in close partnership with control functions such as Compliance, ETRM and ETRC.

• Build a culture of responsible finance, good governance and supervision, expense discipline and ethics.

• Obtain and maintain all registrations/licenses which are required for your role, within the appropriate timeframe.

What we will need from you:

• This is not an entry level role, so the successful candidate will need to have prior experience in Equity Algo Trading.

• Good communication skills and effective interpersonal skills to develop and maintain relationships with internal and external stakeholders.

• A strong understanding of algorithmic trading protocol, including Smart Order routing, intraday and closing technicalities.

• Bachelor’s degree/University degree or equivalent experience

• Master’s degree preferred

What we will provide you:

This role will provide you with the opportunity to grow a product line within equities, leveraging a strong franchise. You will work closely with many senior stakeholders across the markets platform in a bank that offers a diverse career path with global opportunities.

By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model but also receive a competitive base salary, and enjoy a whole host of additional benefits such as:

• 27 days annual leave (plus bank holidays)

• A discretional 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.

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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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

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