XVA Structuring - Director, London

Discover your future at Citi

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Job Overview

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in pricing and risk management of XVA to Citi’s Fixed Income Finance Desk.

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team/Role Overview

The purpose of this Structuring role is to develop, structure and book XVA activities on derivative and financing exposures to the whole range of Markets clients on a global basis. 

There will be particular focus on: (i) cross-product risk / RWA transfer trades (e.g. CCDS, Guarantees); and (ii) internal financial recourse optimisation across XVA (e.g. analysis data, working with project managers to improve reporting, advocacy for RWA improvements).

What you’ll do

• Designing bespoke counterparty risk hedges for large strategic transactions across Rates, Spread Products, Commodities , FX and Equities businesses in Markets
• Sizing, pricing, booking and structuring portfolio of 4T CDS, Insurance and Guarantees for flow derivative and financing transactions executed under ISDA, GMRA, GMSLAs etc
• Running the internal approval process of new products and bespoke transactions
• Originating transactions through pitches / marketing to the sales force and clients
• Client meetings and business trip across EMEA, US and APAC

What we’ll need from you

• Extensive structuring experience from a financial institution
• Understanding of both standardised and advanced RWA requirements
• Demonstrated quantitative and analytical skills
• Consistently demonstrates clear and concise written and verbal communication skills
• Ability to work with multiple functional groups in a cohesive manner.
• Bachelor’s/University degree, Master’s degree preferred

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

What we can offer you

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

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: 

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure

• A discretional annual performance related bonus 
• Private medical insurance packages to suit your personal circumstances
• 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. 

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

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Job Family Group:

Institutional Trading

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Job Family:

Structuring

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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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