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Citi Group Indices/Single Stock Trader 
United Kingdom, England, London 
852061336

30.07.2024

Citi is looking to hire a mid-level trader to trade Single Stocks and Indices. 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 dividend futures on single stocks and indices, synthetics, equity swaps and total return futures on indices. Initially the successful applicant will work under the supervision of the desk head with the short-term aim to have their own book and P&L

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 the Single Stocks and Indices which are divided per index and strategy, therefore you will likely have the responsibility for a particular set of indices, sectors, single stocks across developed Europe.

  • 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 helps 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 Hedge Funds and 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 to have traded in the past or worked closely with a trading team and will have a proven history of successful trading book management.

  • It is expected that the successful candidate will have experience of pricing Equity Forwards and Swaps, and a high-level understanding of company valuations and a 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 monetization 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

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

Institutional Trading


Time Type:

Full time

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