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 competitive salary.
- Why this job: Be part of a growing franchise and make impactful decisions in trading.
- Qualifications: Experience in trading convertible bonds and strong risk management skills.
- Other info: Hybrid working model with diverse career opportunities across global markets.
The predicted salary is between 36000 - 60000 £ 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 & 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
This role is a Certified Role, subject to the FCA and PRA Certification Regime. The Certification Regime is part of the Individual Accountability Regime introduced on 7 March 2016. Citi UK regulated entities must ensure employees in specified significant harm functions are assessed as fit and proper. Assessments may include interviews, disclosures, background checks, and other screening.
Citi is an equal opportunity employer, and qualified candidates will receive consideration regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
Convertible Bonds Trader in London employer: Citi
Contact Detail:
Citi Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Convertible Bonds Trader in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work at Citi or in convertible bonds. A friendly chat can open doors and give you insider info about the role.
✨Tip Number 2
Brush up on your trading knowledge! Make sure you're well-versed in convertible bonds and market trends. Being able to discuss recent developments confidently will impress during interviews.
✨Tip Number 3
Showcase your skills! Prepare examples of how you've successfully managed risk and generated revenue in previous roles. Real-life stories can make you stand out as a candidate.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're serious about joining the team at Citi and ready to take on the challenge.
We think you need these skills to ace Convertible Bonds Trader in London
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 contribute to growing our franchise. Keep it concise but impactful!
Showcase Your Communication Skills: Clear and concise communication is key in this role. Make sure your application reflects your ability to communicate effectively, both in writing and verbally. We value interpersonal skills, so don’t hesitate to highlight any relevant experiences that demonstrate this.
Apply Through Our Website: We encourage you to apply through our website for the best chance of being noticed. It’s straightforward and ensures your application goes directly to us. Plus, you’ll find all the details you need about the role and our company culture there!
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 current with market dynamics.
✨Showcase Your Trading Experience
Be ready to share specific examples from your trading career that highlight your revenue-generating track record. Discuss how you've successfully managed inventory and market-making flows in the past, as this will demonstrate your capability to contribute to Citi's growth.
✨Communicate Effectively
Since clear communication is key in this role, practice articulating your thoughts concisely. Prepare to explain complex trading concepts in simple terms, as you'll need to liaise with various stakeholders. Good interpersonal skills can set you apart from other candidates.
✨Understand the Governance Framework
Familiarise yourself with the compliance and governance aspects of trading at Citi. Be prepared to discuss how you would ensure adherence to laws and regulations while making business decisions. This shows that you value the firm's reputation and understand the importance of ethical trading practices.