Spread In Business Risk Trader - Analyst

About the Desk

Spread In-Business Risk (IBR) is responsible for overseeing and managing market risks across Spread Products, optimising capital and risk allocation, limit management, hedging strategy, as well as strengthening risk monitoring, control and governance processes. In Europe, IBR is primarily focused on the core part of the Spread trading franchise — corporate credit trading and secondary market making of cash bonds, loans and CDS — with scope for broader asset class coverage exposure. IBR is a growing function within the Markets business, becoming a critical part in understanding the complexity of our risks, making intelligent risk-taking decisions, and maximising performance. The role requires a quantitative mindset and is primarily focused on data analysis.

Responsibilities

• Quantitative & Analytical Projects
  • Work on projects with the IBR team and line traders to analyse market, risk and PnL data, developing quantitative tools to optimise capital allocation
  • Explain risk factor sensitivity through Profit Attribution Analysis (PAA)
  • Inform hedging strategy via scenario analysis, including stress scenario design
  • Identify and track systemic and idiosyncratic risk concentrations
• Business Unit Activities
  • Learn and understand how trading credit works, the risks taken and how they are managed
  • Closely track the performance of various credit and macro markets, reporting impact on risk and PnL performance
  • Monitor risk limit utilisations across businesses
  • Develop a forward-looking view of material risks
  • Provide weekly market commentary to senior management
  • Strengthen the risk monitoring framework that allows the business to manage overall risk positions in real time
• Trading Book & Revenue
  • Assist with a trading book and generate revenues while managing risk for the respective business
  • Coordinate with Sales, Research, Capital Markets and other organisations across Markets and Securities Services
  • Coordinate with desk analysts and sales to develop the franchise
• Governance & Controls
  • Work in close partnership with control functions such as Legal, Compliance, Market and Credit Risk, Audit, and Finance 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 the role; obtain and maintain all required registrations and licences within the appropriate timeframe
  • Escalate, manage and report control issues with transparency

Qualifications & Profile

The role is open to all backgrounds. We value intellectual curiosity, analytical rigour, and a disciplined approach to risk-taking above all else.

• Core Requirements
  • This is an entry level position, however some experience is preferred.
  • Strong analytical and quantitative background with strong attention to detail
  • Good programming skill (Python)
  • Interest to learn and understand various asset classes and associated risks
  • Ability to multi-task and work in a dynamic environment under tight deadlines with changing priorities
  • Consistently demonstrates clear and concise written and verbal communication
  • Effective interpersonal skills to develop and maintain relationships with internal and external stakeholders
  • Competent with latest AI tools — including generative AI, LLM-based assistants, and AI-augmented analytics platforms
• Nice to Have
  • Ability to develop quantitative tools to optimise risk/return — including scenario engines, attribution models, or capital allocation frameworks

What Citi Can Offer 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 required.

Regulatory Information

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.