At a Glance
- Tasks: Analyse market risks and develop quantitative tools to optimise capital allocation.
- Company: Join Citi, a leading global bank with a dynamic and inclusive culture.
- Benefits: Enjoy competitive salary, 27 days annual leave, and hybrid working model.
- Other info: Great opportunity for career growth in a fast-paced environment.
- Why this job: Make an impact in risk management while learning about diverse asset classes.
- Qualifications: Strong analytical skills, programming knowledge (Python), and a passion for finance.
The predicted salary is between 30000 - 40000 £ per year.
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 utilizations 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
Spread In Business Risk Trader - Analyst in London employer: Citigroup, Inc.
Citi London is an exceptional employer that fosters a dynamic and inclusive work culture, where employees are encouraged to develop their analytical skills and engage in meaningful projects within the Spread In-Business Risk team. With a competitive salary, generous annual leave, and a hybrid working model, Citi prioritises employee well-being and growth, offering ample opportunities for professional development in a fast-paced financial environment. Join us to be part of a forward-thinking team that values intellectual curiosity and responsible finance.
