Cash Equity Trader, VP

Cash Equity Trader, VP

London Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Trade Pan European Cash Equities and manage risk effectively.
  • Company: Join Citi, a global leader in financial services with diverse career paths.
  • Benefits: Enjoy 27 days annual leave, private medical care, and a hybrid working model.
  • Why this job: Be part of a dynamic trading desk and grow your skills in a supportive environment.
  • Qualifications: Experience in trading Cash Equities and strong communication skills required.
  • Other info: This role is subject to FCA and PRA Certification Regime.

The predicted salary is between 43200 - 72000 £ per year.

Citi is looking to hire an experienced trader to trade Pan European Cash Equities. Your role as a trader will be to price and trade a variety of cash equity products for the Citi franchise as well as grow the desks revenue through profitable inventory management and market making, whilst looking to expand on Citi’s well-established franchise and distribution footprint.

By joining the trading desk for Equities, you will work closely with both desk analysts and sales to develop the trading franchise and successfully execute the market making flow items, as well as working on projects to enhance the existing trading strategies by incorporating additional instruments and dynamic procedures.

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

  • Responsible for successfully trading the Pan European Cash Equities as a Direct Markets trader

  • Effectively risk manage the trading book

  • 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, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency.

What we will need from you:

  • This is not an entry level role, so the successful candidate will need to be already managing risk and will most likely already be an established trader on the desk

  • Will need to have trading experience in Cash Equites, 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 monetization 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.

  • Excel, SQL/VBA/Python would be advantageous but not required.

What we will provide you:

This role will provide you with the opportunity to grow a product line within equities, leveraging a strong franchise. 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 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.

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Cash Equity Trader, VP employer: Citigroup Inc.

Citi is an exceptional employer, offering a dynamic work environment in London where experienced traders can thrive. With a strong focus on employee growth, competitive benefits including 27 days of annual leave, and a commitment to diversity and inclusion, Citi empowers its team to excel in their careers while enjoying a supportive and innovative workplace culture.
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Contact Detail:

Citigroup Inc. Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Cash Equity Trader, VP

✨Tip Number 1

Network with professionals in the trading industry, especially those who work at Citi or similar firms. Attend industry events, webinars, and conferences to make connections that could lead to referrals.

✨Tip Number 2

Stay updated on market trends and developments in Pan European Cash Equities. Being knowledgeable about current events and how they impact trading can help you stand out during interviews.

✨Tip Number 3

Demonstrate your understanding of risk management strategies. Prepare to discuss specific examples from your past experience where you effectively managed risk in trading scenarios.

✨Tip Number 4

Familiarise yourself with the tools and technologies used in trading, such as Bloomberg and various booking systems. Highlight any experience you have with Excel, SQL, VBA, or Python, as these skills can give you an edge.

We think you need these skills to ace Cash Equity Trader, VP

Cash Equity Trading Experience
Risk Management
Revenue Generation
Market Making
Client Relationship Management
Communication Skills
Bloomberg Proficiency
Trading Protocol Knowledge
Technical Analysis
Interpersonal Skills
Data Analysis
Excel Proficiency
SQL/VBA/Python Knowledge
Compliance Awareness
Governance and Control Infrastructure Understanding

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your trading experience, particularly in Cash Equities or related products. Emphasise your revenue-generating track record and any relevant skills such as risk management and communication.

Craft a Compelling Cover Letter: In your cover letter, explain why you are the perfect fit for the Cash Equity Trader role at Citi. Mention your experience with market liquidity, collaboration with sales and research teams, and your understanding of trading protocols.

Showcase Relevant Skills: Clearly outline your proficiency in tools like Bloomberg, Excel, SQL, VBA, or Python. Even if not required, mentioning these skills can set you apart from other candidates.

Prepare for Compliance Questions: Since this role is subject to the FCA and PRA Certification Regime, be ready to discuss your understanding of compliance, risk management, and ethical considerations in trading during interviews.

How to prepare for a job interview at Citigroup Inc.

✨Showcase Your Trading Experience

Be prepared to discuss your previous trading experience in Cash Equities or related products. Highlight specific examples where you successfully managed risk and generated revenue, as this will demonstrate your capability to thrive in a role that requires a strong track record.

✨Understand the Market Landscape

Familiarise yourself with the current trends and challenges in the Pan European Cash Equities market. Being able to discuss recent developments and how they might impact trading strategies will show your depth of knowledge and commitment to the role.

✨Communicate Effectively

Since the role involves liaising with sales and other stakeholders, practice clear and concise communication. Prepare to articulate your thoughts on trading strategies and market conditions, ensuring you can engage in meaningful discussions with both technical and non-technical audiences.

✨Demonstrate Risk Management Skills

Prepare to discuss your approach to risk management in trading. Be ready to provide examples of how you've assessed and mitigated risks in past roles, as this is a critical aspect of the position and will reflect your understanding of the firm's governance and control infrastructure.

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