Senior Trader - Light Exotics
Citi is looking to hire a senior exotic equity trader. Your role as a trader will be to price and trade a variety of equity products for the Citi franchise as well as grow the desks revenue, whilst looking to expand on Citi’s well-established franchise and distribution footprint.
By joining this desk, you will be responsible for trading FVAs, Corridor Variance Swaps, V2X/VIX, VAR/Volatility swaps and Peripheries. You will also be expected to lead and support on projects to enhance the existing trading strategies by incorporating additional instruments and dynamic procedures.
What you will do will be varied day to day, but the key drivers for the role are:
Responsible for successfully trading your own book, generating value and maximizing market opportunities.
Responsible for flashing the P&L, signing off the P&L the following day and making sure that all risks are properly captured in the system and clearly articulated.
Act as the main point of contact to guide Technology and Quantitative Analytics for any system build out which help to streamline processes and adapt to the new technologies available.
Liaise with sales to develop the franchise, anticipating client demand in each respective product/market. Primary clients would be both Global Hedge Funds and Global Asset Managers.
Use existing (and help develop) trading dashboards to improve risk management and identify opportunities for revenue generation.
Work in close partnership with control functions such as Legal, Compliance, Market and Credit Risk, Audit, Finance to ensure appropriate governance and control infrastructure.
Appropriately assess risk when business decisions are made, demonstrating consideration for the firm's reputation and safeguarding Citigroup, its clients, and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency.
What we will need from you:
This is not an entry level role, so the successful candidate will need have traded in the past or worked closely with a trading team so will have a proven history of successful trading book management.
It is expected that the successful candidate will have experience of pricing, and a high-level understanding of company valuations and fundamental grasp of the associated macroeconomics.
Experience of working closely with Sales, Research, and other organizations across Markets to provide market liquidity and help build the Citi franchise through the monetisation of client flows.
Clear and concise written and verbal communication and effective interpersonal skills to develop and maintain relationships with internal and external stakeholders.
A strong understanding of Bloomberg, booking systems, trading protocol, closing technicalities.
Python, VBA, Bloomberg & Excel would be advantageous but not required.
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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Job Family Group:
Institutional Trading------------------------------------------------------
Job Family:
Trading------------------------------------------------------
Time Type:
Full time------------------------------------------------------
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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