At a Glance
- Tasks: Manage FX option risk and trade vanilla and exotic products.
- Company: Join Citi, a global leader with over 230,000 dedicated professionals.
- Benefits: Competitive salary, career growth, and community impact opportunities.
- Other info: Dynamic environment with a focus on governance and ethics.
- Why this job: Make a real impact in finance while developing your skills.
- Qualifications: 3-7 years of trading experience and strong analytical skills.
The predicted salary is between 50000 - 70000 € per year.
Discover your future at Citi. Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community and make a real impact.
The Trader will be responsible for managing FX option risk and making prices to our franchise in vanilla and exotic products, in coordination with the Trading team. The overall objective of this role is to process trades for a trading book and achieve revenue targets.
Responsibilities:- Contribute to a trading book and generate revenues and manage risk for the respective business.
- Coordinate with Sales, Research, CMand and other organizations across Markets and Securities Services and the broader business.
- Trade a book and deliver on budgeted revenues and manage book risk.
- Establish and maintain key relationships to deliver trades to the desk.
- Anticipate client demand in each respective product/market.
- Coordinate with desk analysts as needed and with sales to develop the franchise.
- Work in close partnership with control functions such as Legal, Compliance, Market and Credit Risk, Audit, Finance in order to ensure appropriate governance and control infrastructure.
- Build a culture of responsible finance, good governance and supervision, expense discipline and ethics.
- Appropriately assess risk/reward of transactions when making business decisions; demonstrating proper consideration for the firm's reputation.
- Be familiar with and adhere to Citi's Code of Conduct and the Plan of Supervision for Global Markets and Securities Services.
- Adhere to all policies and procedures as defined by your role which will be communicated to you.
- Obtain and maintain all registrations/licenses which are required for your role, within the appropriate timeframe.
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
- 3-7 years of experience in a related role.
- Knowledge of respective products and clients.
- Required licensing and registrations as applicable.
- Advance analytical and numerical competency.
- Consistently demonstrates clear and concise written and verbal communication.
- Effective interpersonal skills to develop and maintain relationships with internal and external stakeholders.
- Ability to analyze and pitch situations and determine suitable counterparties.
- Knowledge of Bloomberg, booking systems, trading protocol, closing technicalities.
- Bachelor's degree/University degree or equivalent experience.
- Master's degree preferred.
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.
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.
FX Options Trader - Citi in London employer: Citi
Citi is an exceptional employer that fosters a dynamic and inclusive work environment, where employees are empowered to grow their careers while making a meaningful impact in the financial sector. With a strong emphasis on professional development, collaboration, and ethical governance, Citi offers its FX Options Traders the opportunity to thrive in a fast-paced trading atmosphere, supported by a global network of dedicated professionals. Located in the heart of the financial district, employees benefit from access to cutting-edge resources and a vibrant community that values diversity and innovation.
StudySmarter Expert Advice🤫
We think this is how you could land FX Options Trader - Citi in London
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Citi through LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your FX options knowledge. Be ready to discuss market trends and your analytical skills. Show them you’re not just a trader, but a strategic thinker who can manage risk effectively.
✨Tip Number 3
Practice your communication skills! You’ll need to convey complex ideas clearly, so consider doing mock interviews with friends or using online platforms to refine your pitch.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re serious about joining the Citi team.
We think you need these skills to ace FX Options Trader - Citi in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the FX Options Trader role. Highlight relevant experience and skills that match the job description, like your analytical abilities and trading knowledge. We want to see how you can contribute to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about trading and how your background aligns with Citi's values. Keep it concise but impactful – we love a good story!
Showcase Your Communication Skills:Since effective communication is key in this role, make sure your written application reflects clarity and professionalism. Use straightforward language and avoid jargon unless it's relevant. We appreciate clear and concise communication!
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’s super easy – just follow the prompts and submit your materials!
How to prepare for a job interview at Citi
✨Know Your FX Options Inside Out
Make sure you brush up on your knowledge of FX options, both vanilla and exotic. Understand the key products you'll be trading and be ready to discuss how you would manage risk and generate revenue in these areas.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical and numerical competencies during the interview. Be ready to tackle some real-world scenarios or case studies that showcase your ability to assess risk and make informed trading decisions.
✨Build Relationships with Stakeholders
Citi values strong interpersonal skills, so think about how you can illustrate your ability to develop and maintain relationships with internal and external stakeholders. Have examples ready that show how you've successfully collaborated with sales, research, or other teams.
✨Understand Governance and Compliance
Familiarise yourself with Citi's Code of Conduct and the importance of governance in trading. Be prepared to discuss how you would ensure compliance with regulations and maintain ethical standards in your trading practices.