Credit Index Trader

Posted:
9/5/2024, 10:40:13 PM

Location(s):
London, England, United Kingdom ⋅ England, United Kingdom

Experience Level(s):
Junior ⋅ Mid Level ⋅ Senior

Field(s):
Finance & Banking

Workplace Type:
Hybrid

Citi is looking to hire a Credit Index trader within the Macro Credit Flow Trading Desk. The successful candidate will be responsible for the Credit Index business that occurs on within Citibank Europe plc and will be based in London.

By joining this desk, you will be responsible for overseeing risk on the Credit Index trading book, ensuring this is managed within all applicable limits.

You will work in conjunction with the global trading team to deliver on revenue and franchise goals, and with key stakeholders to continue the growth of the Credit business in Europe. You will deploy best practice on pricing and risk management in a fashion that positively influences other traders and markets peers, contributing to a positive culture.

Furthermore, you are ultimately responsible for the risks incurred managing the swap business at the entity level, both in market and operational risk. This is a fantastic opportunity for an experienced trader who is looking to take ownership of a franchise book and drive the business forward with the support of their peers across the markets business.

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

  • Generate revenues to achieve targets whilst considering market and franchise conditions.

  • Build and maintain a franchise and connect with key clients in a fashion that fits with desk’s strategy and target clients.

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

  • Bring develop and retain junior talent to ensure desk is adequately staffed.

  • Work in close partnership with control functions such as Legal, Compliance, Market and Credit Risk, Audit, Finance.

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

  • Interact with regulators and ensure firm complies with post Brexit regulatory requirements.

  • Demonstrate proper consideration for the firm’s reputation.

  • Be familiar with and adhere to Citi’s Code of Conduct and the Plan of Supervision for Global Markets and Securities Services

  • 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 be already managing risk and have in depth knowledge of respective products and clients.

  • 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.

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

  • Bachelor’s degree/University degree or equivalent experience

  • A strong understanding of Bloomberg, booking systems, trading protocol, closing technicalities.

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 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

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Job Family:

Trading

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Time Type:

Full time

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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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