At a Glance
- Tasks: Trade and manage convertible bonds, driving profitability and market growth.
- Company: Join Citi, a leading global bank with a dynamic trading environment.
- Benefits: Enjoy 27 days annual leave, private medical care, and a performance bonus.
- Other info: Work in a hybrid model with opportunities for global career growth.
- Why this job: Be part of a growing team and make a real impact in the finance world.
- Qualifications: Experience in trading convertible bonds and strong risk management skills.
The predicted salary is between 43200 - 72000 € per year.
Join to apply for the Convertible Bonds Trader role at Citi. Citi is looking to hire an experienced trader to join the convertible bonds trading desk. Your role as a senior trader will be to price and trade bonds for the Citi franchise and grow the desk's revenue through profitable inventory management and market making, while expanding Citi’s established franchise and distribution footprint.
By joining the trading desk for Equities, you will work closely with the primary issuance team on the general convertibles pipeline and help manage the overall book including special situations as well as the market making flow items. This is a fantastic opportunity for an experienced trader who is looking to join a growing franchise with the support of peers across the markets business.
What you will do:
- Join a growing convertible bonds business at Citi, including growing the desk in terms of profitability and size.
- Liaise with sales to develop the franchise, anticipating client demand in each respective product/market.
- 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.
What we will need from you:
- This is not an entry level role, so the successful candidate will need to be already experienced in managing risk.
- Will need to have trading experience in Convertible Bonds or closely related products, with a strong revenue generating track record.
- 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.
- 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.
This role will provide you with the opportunity to grow a product line within equities, leveraging a strong franchise and being responsible for running and growing a desk. 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 discretionary annual performance related bonus
- Private Medical Care
Convertible Bonds Trader employer: Citi
Citi is an exceptional employer for experienced traders, offering a dynamic and supportive work environment in London. With a focus on employee growth, you will have the opportunity to expand your skills while contributing to a growing convertible bonds business, all within a culture that values collaboration and innovation. Enjoy competitive benefits, including generous annual leave and private medical care, as you thrive in a business casual atmosphere that promotes work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Convertible Bonds Trader
✨Network Like a Pro
Get out there and connect with people in the industry! Attend trading events, webinars, or even local meetups. The more you engage with others, the better your chances of landing that Convertible Bonds Trader role at Citi.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your trading experience and revenue-generating track record. Use specific examples to demonstrate how you've managed risk and contributed to profitability in previous roles.
✨Stay Informed
Keep up with the latest trends in convertible bonds and market movements. Being knowledgeable about current events will not only help you in interviews but also show that you're genuinely interested in the role and the industry.
✨Apply Through Our Website
Don't forget to apply directly through our website! It’s the best way to ensure your application gets noticed. Plus, it shows your enthusiasm for joining Citi and being part of our growing franchise.
We think you need these skills to ace Convertible Bonds Trader
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Convertible Bonds Trader role. Highlight your trading experience, especially in convertible bonds or related products, and showcase your revenue-generating track record. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our trading desk. Mention your experience working with sales and other teams, and how you can help grow our franchise. Keep it concise but impactful!
Showcase Your Communication Skills:Since clear communication is key in this role, make sure your application reflects your written and verbal skills. Use straightforward language and structure your application well. We want to see that you can communicate effectively with both internal and external stakeholders.
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re serious about joining our team at Citi!
How to prepare for a job interview at Citi
✨Know Your Bonds
Before the interview, brush up on your knowledge of convertible bonds and related products. Be prepared to discuss recent market trends, pricing strategies, and how you would manage risk in various scenarios. This will show that you're not just experienced but also engaged with the current market landscape.
✨Showcase Your Track Record
Be ready to share specific examples of your past trading successes, particularly in convertible bonds or similar products. Quantify your achievements where possible, such as revenue generated or successful trades executed. This will help demonstrate your capability and value to the team.
✨Communicate Clearly
Effective communication is key in this role. Practice articulating your thoughts clearly and concisely, especially when discussing complex trading concepts. Remember, you'll need to liaise with various stakeholders, so showcasing your interpersonal skills during the interview is crucial.
✨Understand the Bigger Picture
Familiarise yourself with Citi's overall business strategy and how the convertible bonds desk fits into it. Be prepared to discuss how you can contribute to growing the desk's profitability and size, and how you would collaborate with sales and other teams to enhance the franchise.
