Credit Trader - Citi

Join our dynamic Credit Trading desk and take responsibility for trading Credit Financials, including Senior Preferred, Subordinated, and other related instruments. You will play a crucial role in generating value by identifying relative value opportunities across financial bonds and related credit products, capitalising on market trends, and actively managing risk. This role offers the opportunity to work within a collaborative environment, contributing to the growth of our franchise and interacting with a sophisticated client base.

Key Responsibilities:

• Trade Execution & Strategy: Execute trades in Credit Financials, implementing relative value strategies across the capital structure and credit spectrum. Analyse market conditions and proactively identify profitable opportunities.
• P&L Management & Risk Control: Manage daily P&L, ensuring accurate reporting, risk capture, and clear explanations of performance drivers. Operate within established risk limits.
• Client Relationship Development: Cultivate and expand relationships with institutional clients (hedge funds, asset managers), understanding their needs and providing tailored solutions.
• Market Intelligence & Analysis: Stay abreast of market developments, regulations, and industry trends to inform trading strategies and client interactions. Contribute market insights to the team.
• Quantitative Analysis & Tool Development: Leverage existing and contribute to the development of quantitative tools to enhance risk management, identify opportunities, and optimise portfolio performance.
• Collaboration & Compliance: Collaborate with internal teams (Sales, Research, etc.) and adhere to all regulations and internal policies, ensuring a robust control framework.

Qualifications:

• Credit Trading Experience: Proven track record of successfully managing a trading book in credit markets, preferably with experience in Credit Financials (e.g., senior/subordinated debt, hybrids).
• Financials Market Knowledge: Deep understanding of financial institutions, their capital structures, credit market dynamics, valuation methodologies, and risk factors.
• Client Relationship Management: Demonstrated ability to build and maintain strong relationships with institutional clients, coupled with excellent communication and interpersonal skills.
• Quantitative & Analytical Skills: Strong analytical and quantitative abilities, including proficiency with trading platforms, data analysis tools (Bloomberg, Intex, Excel, VBA), and programming skills (Python desirable).
• Risk Management Expertise: Thorough understanding of risk management principles and practices, with the ability to identify, assess, and mitigate trading risks effectively.
• Teamwork & Compliance: Ability to thrive in a collaborative team environment, working across functions, with a strong commitment to ethical conduct and regulatory compliance.

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 (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:
• 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 energised to join us, motivated to stay, and empowered to thrive.

If you are actively working with clients, have a passion for relationships and want to be part of a successful global franchise - then apply today.

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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.

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, colour, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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.