At a Glance
- Tasks: Join our Delta One team to optimise trades and manage inventory for maximum value.
- Company: Citi, a global leader in finance with a culture of innovation.
- Benefits: Enjoy 27 days annual leave, private medical care, and a hybrid working model.
- Other info: Collaborate with top professionals and access extensive learning resources.
- Why this job: Make an impact in a dynamic environment while developing your finance skills.
- Qualifications: Experience in Delta One trading and strong analytical skills required.
The predicted salary is between 63000 - 77000 £ per year.
Citi Markets operates at the intersection of innovation and scale.
Our operation is uniquely global.
Our client list is remarkably varied.
Our product range is incredibly broad.
But we're not the finished article.
We have big ambitions for the future and all the resources we need to reach them, including some of the smartest people in the industry.
As a critical component of our global franchise, our Delta One desks provide clients access to cost-effective solutions for gaining their desired exposure, driving Citi's competitiveness while maintaining prudent risk management and regulatory compliance.
- Primary Responsibilities
- Central point of pricing for new trades, coordinating between multiple teams to aggregate the overall value of the relevant structures to balance competitiveness, balance growth and ensuring appropriate returns on resource consumption
- Effectively manage and optimize inventory, coordinating the use of index inventory to extract maximum value before constructing the collateral baskets.
Manage the lifecycle of the basket swaps and their hedges to ensure optimization, compliance with relevant constraints and operational pragmatism.
- Co-ordination with Sales to build & maintain strategic relationships with new & existing issuers.
Ensuring Citi are at the forefront of new product offerings, day 1 providers and growing existing balances
- Consider the financial resource footprint and intersection with wider funding needs of the Prime & D1 business, leveraging the structures where possible to provide capacity for the Funding team
- Coordinate closely with desk analysts, quantitative strategists, and Sales teams to enhance execution capabilities, build out monitoring and rebalance tools while improving STP workflows
- Uphold rigorous governance, controls, and ethical standards by partnering with Legal, Compliance, Market Risk, Credit Risk, Audit, and Finance to ensure adherence to Citi's Code of Conduct, regulatory requirements, and the Plan of Supervision for Global Markets and Securities Services.
- What We Need from You
- Direct experience in Delta One or Prime Finance trading roles with a particular focus on Total Return Swaps and their use as a funding/collateral management tool.
Strong understanding of Index trading dynamics also required, while a direct background in management of ETF swap provision facilities is preferred
- Deep technical knowledge of funding & borrow mechanics - how Delta One & Prime businesses extract maximum value from the inventory they hold & how they manage term risks.
Furthermore an understand of dividend treatments, corporate actions, cross currency basis and other adjacent products is required
- Advanced analytical and numerical competency, including proficiency in Bloomberg Terminal functionality, booking systems and working knowledge of Python or SQL for data analysis and trade workflow optimization.
- Proven ability to co-ordinate projects & initiatives, with specific examples of driving business growth and development beyond just maintaining an existing operating model.
- Consistently demonstrates clear and concise written and verbal communication with the ability to articulate trading rationale, market dynamics, and risk exposures to senior stakeholders, Sales teams, and control functions.
- Master's degree preferred in Finance, Financial Engineering, Mathematics, Economics, Computer Science, or a related quantitative discipline; relevant licensing and registrations as applicable (FCA Approved Person status, CISI, CFA preferred).
- What Citi Can Offer 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 comfortabl
Delta One Swaps Trader in London employer: Citi Group
Citi Belfast is an exceptional employer, offering a dynamic work environment that fosters collaboration and innovation in the financial sector. With a strong focus on employee growth, you will have opportunities to mentor junior staff while driving impactful governance and risk management initiatives. The hybrid work model and competitive benefits package further enhance the appeal of working in this vibrant location, making it a rewarding place for professionals seeking meaningful careers.
StudySmarter Expert Advice🤫
We think this is how you could land Delta One Swaps Trader in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Citi Group. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Delta One Swaps Trader in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Citi Group.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Citi Group's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Citi Group
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Citi Group.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Citi Group will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Citi Group employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
