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- Tasks: Price and execute equity forward trades while managing delta risk and collaborating with teams.
- Company: Citi is a leading global financial institution with a dynamic trading environment.
- Benefits: Enjoy 27 days annual leave, private medical care, and a hybrid working model.
- Other info: This role is subject to FCA and PRA Certification Regime assessments.
- Why this job: Join a world-class team, gain exposure to advanced trading strategies, and make a real impact.
- Qualifications: Experience in trading, strong analytical skills, and proficiency in Python and Excel required.
The predicted salary is between 43200 - 72000 £ per year.
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Join to apply for the Equity Forward Trader role at Citi
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Citi presents a compelling opportunity for an ambitious and experienced mid-level trader to join our leading Delta One Equity Forward Trading desk. This is a chance to make a significant impact within a dynamic and collaborative environment, leveraging Citi\’s extensive franchise and distribution network. You will play a key role in pricing and trading a diverse range of equity forward products, contributing directly to the desk\’s revenue growth and further solidifying Citi\’s position in the market.
This role offers exceptional growth potential, providing the opportunity to manage your own book and P&L. You will gain exposure to sophisticated trading strategies, cutting-edge technology, and a network of industry experts. If you are a driven individual with a passion for financial markets and a proven track record in trading, this is an ideal opportunity to advance your career within a world-class financial institution.
What you will do will be varied day to day, but the key drivers for the role are :
- Price and execute equity forward trades and other delta one instruments, ensuring optimal execution and minimizing market impact while focusing on achieving a delta of one to replicate the performance of underlying equity indices or baskets.
- Manage the portfolio\’s delta risk using dynamic hedging strategies with underlying index futures, ETFs, or single stock components, continuously monitoring and adjusting hedges to maintain a delta-neutral position.
- Manage financing costs for long and short positions and accurately incorporate dividend payments from underlying index constituents into pricing and hedging strategies.
- Handle complex corporate actions impacting underlying indices or baskets, ensuring proper adjustments to forward contracts and hedging positions.
- Collaborate with Sales and structuring teams to understand client needs and tailor delta one solutions for their hedging or investment objectives.
- Implement and monitor risk management strategies, including gamma and vega management, and conduct stress tests to assess portfolio resilience.
- Analyze market conditions, news flow, and macroeconomic factors to identify trading opportunities and inform pricing decisions.
- Contribute to developing and enhancing trading systems and quantitative models for pricing, hedging, and risk management.
What we will need from you:
- Demonstrate a history of successful trading book management or close collaboration with a trading team (this is not an entry-level position).
- Possess a deep understanding of equity derivatives, particularly forwards and swaps, focusing on delta one strategies.
- Have strong analytical and quantitative abilities to price complex instruments, manage risk, and develop trading strategies.
- Exhibit excellent written and verbal communication skills to build and maintain stakeholder relationships.
- Maintain a strong understanding of Bloomberg, booking systems, trading protocol, and closing procedures.
- Proficiency in Python, VBA, Bloomberg, and Excel is highly desirable.
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
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Job Family:
Trading
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Time Type:
Full time
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Most Relevant Skills
Please see the requirements listed above.
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Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
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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.
Seniority level
-
Seniority level
Not Applicable
Employment type
-
Employment type
Full-time
Job function
-
Job function
Finance and Sales
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Industries
Banking, Financial Services, and Investment Banking
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Equity Forward Trader employer: Citi
Contact Detail:
Citi Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Equity Forward Trader
✨Tip Number 1
Network with professionals in the trading industry, especially those who have experience in equity forwards and delta one strategies. Attend industry events or webinars to connect with potential colleagues at Citi and gain insights into their trading desk.
✨Tip Number 2
Familiarise yourself with the latest trends and technologies in trading, particularly those related to equity derivatives. Being knowledgeable about tools like Bloomberg and programming languages such as Python can set you apart from other candidates.
✨Tip Number 3
Prepare for interviews by practising your analytical and quantitative skills. Be ready to discuss complex trading scenarios and demonstrate how you would manage risk and execute trades effectively in a fast-paced environment.
✨Tip Number 4
Showcase your understanding of market conditions and macroeconomic factors that influence trading decisions. Being able to articulate your thoughts on current market trends will demonstrate your passion and expertise in the field.
We think you need these skills to ace Equity Forward Trader
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in trading, particularly with equity derivatives and delta one strategies. Use specific examples of your past successes in managing a trading book or collaborating with trading teams.
Craft a Compelling Cover Letter: In your cover letter, express your passion for financial markets and detail how your skills align with the responsibilities of the Equity Forward Trader role. Mention your analytical abilities and familiarity with tools like Bloomberg and Python.
Highlight Relevant Skills: Clearly outline your proficiency in risk management, pricing complex instruments, and developing trading strategies. Emphasise your communication skills, as building stakeholder relationships is crucial for this role.
Prepare for Interviews: Anticipate questions related to your trading experience and knowledge of market conditions. Be ready to discuss your approach to managing delta risk and your understanding of corporate actions affecting indices.
How to prepare for a job interview at Citi
✨Showcase Your Trading Experience
Make sure to highlight your previous trading experience, especially in managing a trading book or collaborating closely with a trading team. Be prepared to discuss specific strategies you've employed and the outcomes of your trades.
✨Demonstrate Analytical Skills
Citi is looking for candidates with strong analytical and quantitative abilities. Prepare to discuss how you've used these skills in past roles, particularly in pricing complex instruments and managing risk.
✨Familiarise Yourself with Tools
Since proficiency in tools like Bloomberg, Python, and Excel is highly desirable, ensure you are comfortable discussing your experience with these platforms. You might even want to prepare examples of how you've used them in your trading strategies.
✨Understand the Market Landscape
Stay updated on current market conditions, news flow, and macroeconomic factors that could impact trading. Being able to discuss recent trends and how they relate to equity forwards will demonstrate your engagement and knowledge in the field.