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- Tasks: Join our dynamic team as a Credit Index Trader, executing strategies and managing client relationships.
- Company: Citi is a global leader in credit derivatives, providing innovative solutions to clients worldwide.
- Benefits: Enjoy hybrid working, competitive salary, 27 days leave, private medical care, and more perks.
- Why this job: Make a significant impact in a collaborative culture focused on ethical finance and continuous improvement.
- Qualifications: Proven experience in credit products, excellent communication skills, and a relevant degree are essential.
- Other info: This role is subject to FCA and PRA Certification Regime; candidates will undergo thorough assessments.
The predicted salary is between 43200 - 72000 £ per year.
Citi's Spread Products business is a recognized market leader, offering a comprehensive suite of credit derivatives and solutions to clients globally. We provide unparalleled access to liquidity and market intelligence, enabling our clients to effectively manage their credit risk and achieve their investment objectives. Our team is dedicated to delivering innovative and tailored solutions, solidifying Citi's position at the forefront of the credit markets.
We are seeking a highly motivated and experienced Credit Index Trader to join our dynamic Macro Credit Flow Trading desk in London. This is a unique opportunity to take ownership of a significant franchise book and drive the growth of our Credit Index business. You will play a key role in shaping our European strategy, collaborating with a global team. If you are a results-oriented trader with a proven track record and a passion for credit markets, this is your chance to make a significant impact.
What you will do will be varied day to day, but the key drivers for the role are : :
- Develop and execute trading strategies to generate revenue and achieve individual and desk targets, while carefully considering market conditions, franchise opportunities, and client needs. This includes actively managing positions, identifying profitable trading opportunities, and optimizing trade execution.
- Build and maintain strong relationships with key clients, understanding their investment objectives and providing tailored solutions. Proactively engage with clients to identify new business opportunities and deepen existing relationships, aligning with the desk's overall strategy and target client segments.
- Collaborate with stakeholders across technology, operations, and other relevant functions to improve the operational efficiency of the Credit Index business. Contribute to the development and implementation of robust, market-leading trading systems and processes.
- Oversee the risk management framework for the Credit Index trading book, ensuring compliance with all applicable limits and regulatory requirements. Proactively identify and mitigate potential risks and contribute to the development and enhancement of risk management policies and procedures.
- Work closely with the global trading team to develop and execute trading strategies, share market intelligence, and achieve revenue and franchise goals. Contribute to the development of the European Credit business strategy, aligning with global objectives.
- Contribute to a positive and collaborative trading culture that emphasizes ethical conduct, responsible finance, and continuous improvement.
What we will need from you:
- Proven experience managing risk and in-depth knowledge of credit products and clients.
- Track record of collaborating with Sales, Research, and other teams to provide market liquidity and build franchise value.
- Excellent communication and interpersonal skills to foster strong internal and external relationships.
- Bachelor's degree or equivalent experience.
- Strong understanding of Bloomberg, booking systems, trading protocols, and closing procedures.
- Familiarity with and adherence to Citi's Code of Conduct and relevant regulatory requirements.
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 energized 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 require
Additional Job Description
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 ——————————————————
Job Family:
Trading ——————————————————
Time Type:
Full time ——————————————————
Most Relevant Skills
Please see the requirements listed above.——————————————————
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.——————————————————
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, 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 .
View Citi's EEO Policy Statement and the Know Your Rights poster.
Credit Index Trader (AVP/VP) - Citi employer: Citi
Contact Detail:
Citi Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Index Trader (AVP/VP) - Citi
✨Tip Number 1
Familiarise yourself with Citi's culture and values. Understanding their commitment to ethical conduct and responsible finance will help you align your approach during interviews and discussions, showcasing that you're a good fit for their team.
✨Tip Number 2
Network with current or former employees in the trading sector, especially those who have experience in credit products. They can provide valuable insights into the role and the expectations at Citi, which can help you tailor your conversations during the application process.
✨Tip Number 3
Stay updated on market trends and recent developments in credit derivatives. Being able to discuss current events and how they impact trading strategies will demonstrate your expertise and passion for the field during interviews.
✨Tip Number 4
Prepare to discuss your risk management experiences in detail. Given the emphasis on overseeing the risk management framework, being able to articulate your past successes and challenges in this area will set you apart as a strong candidate.
We think you need these skills to ace Credit Index Trader (AVP/VP) - Citi
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit trading and risk management. Use specific examples that demonstrate your ability to develop trading strategies and manage client relationships, as these are key aspects of the role.
Craft a Compelling Cover Letter: In your cover letter, express your passion for credit markets and your understanding of Citi's position within them. Mention how your skills align with the responsibilities outlined in the job description, particularly your experience in collaborating with teams and managing risk.
Highlight Relevant Skills: Clearly outline your proficiency with trading systems, Bloomberg, and risk management frameworks. Emphasise your communication skills and ability to foster relationships, as these are crucial for the Credit Index Trader role.
Prepare for Interviews: Anticipate questions related to your trading strategies and risk management experiences. Be ready to discuss how you would contribute to Citi's European Credit business strategy and how you can enhance operational efficiency within the team.
How to prepare for a job interview at Citi
✨Know Your Credit Products
Make sure you have a solid understanding of credit derivatives and the specific products Citi offers. Be prepared to discuss how these products can be tailored to meet client needs and how you would approach developing trading strategies.
✨Demonstrate Relationship Management Skills
Citi values strong client relationships, so be ready to share examples of how you've successfully built and maintained client connections in the past. Highlight your ability to understand client objectives and provide tailored solutions.
✨Showcase Your Risk Management Experience
Given the importance of risk management in this role, come prepared to discuss your experience in overseeing risk frameworks. Be specific about how you've identified and mitigated risks in previous positions.
✨Familiarise Yourself with Trading Systems
Since you'll be working closely with trading systems, ensure you're well-versed in Bloomberg and other relevant booking systems. Being able to discuss your proficiency with these tools will demonstrate your readiness for the role.
