Credit Trader - Citi

Citi's Markets business plays a pivotal role in the global financial ecosystem, connecting investors, corporations, and governments to facilitate the flow of capital and manage risk. Our comprehensive suite of products and services spans across various asset classes, including equities, fixed income, currencies, and commodities, providing clients with unparalleled access to global markets and liquidity. Within this dynamic landscape, our Credit Trading desk is at the forefront of navigating the complexities of credit markets, and this Credit Corporates Hybrids Trader role offers a unique opportunity to contribute to our success in this area.

Our Credit Trading desk offers a unique and exciting opportunity for a highly motivated and skilled Credit Corporates Hybrids Trader. This role is pivotal to our continued success in the credit markets, providing the chance to work with sophisticated financial instruments, contribute directly to the desk's profitability, and collaborate with a team of experienced professionals. If you are a driven individual with a passion for credit markets and a proven ability to thrive in a fast-paced environment, we encourage you to apply.

About the Role:

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.

What you will do will be varied day to day, but the key drivers for the role are :

• Execute trades in Credit Corporate Hybrids, implementing relative value strategies across the capital structure and credit spectrum, analysing market conditions, developing trading strategies, and proactively identifying profitable opportunities.
• Responsible for trading Credit Corporate Hybrids, including but not limited to, preferred securities, subordinated debt, contingent convertibles (CoCos), and other related instruments
• Manage daily P&L, ensuring accurate reporting, risk capture, and clear explanations of performance drivers, operating within established risk limits and contributing to the ongoing refinement of risk management frameworks.
• Cultivate and expand relationships with institutional clients (hedge funds, asset managers, insurance companies), understanding their needs and providing tailored solutions (this aspect of the role may vary depending on the specific trading desk structure).
• Stay abreast of market developments, regulations, and industry trends to inform trading strategies and client interactions, contributing market insights to the team and participating in regular market discussions.
• Leverage existing and contribute to the development of quantitative tools to enhance risk management, identify opportunities, and optimize portfolio performance (proficiency in programming languages like Python is highly desirable).
• Collaborate with internal teams (Sales, Research, Structuring, Syndicate) and adhere to all regulations and internal policies, ensuring a robust control framework.

What we will need from you:

• Proven track record of successfully managing a trading book in credit markets, with a strong preference for experience in Credit Corporate Hybrids.
• Deep understanding of hybrid securities, their unique characteristics, valuation methodologies, and the specific risk factors associated with these instruments.
• Understanding of financial institutions, their capital structures, and the broader credit market dynamics is beneficial.
• Demonstrated ability to build and maintain strong relationships with institutional clients, coupled with excellent communication and interpersonal skills (this requirement may vary depending on the specific trading desk structure).
• Strong analytical and quantitative abilities, including proficiency with trading platforms, data analysis tools (Bloomberg, Intex, Excel, VBA), and programming skills (Python highly desirable).
• Thorough understanding of risk management principles and practices, with the ability to identify, assess, and mitigate trading risks effectively.
• 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 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

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.

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.——————————————————
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