At a Glance
- Tasks: Design and structure bespoke equity derivative payoffs for strategic clients globally.
- Company: Join Citi, a leading global capital markets franchise with a collaborative culture.
- Benefits: Enjoy 27 days annual leave, private medical care, and a competitive salary.
- Other info: Hybrid working model with excellent career growth opportunities.
- Why this job: Be at the forefront of product innovation in a dynamic financial environment.
- Qualifications: Experience in equity derivatives structuring and strong quantitative skills required.
The predicted salary is between 80000 - 100000 € per year.
Citi's Markets business is one of the world's most comprehensive and strategically important capital markets franchises, providing clients with access to global financial markets across fixed income, currencies, commodities, and equities. Within this, Citi's Equities division — including its Equity Derivatives franchise — sits at the centre of a deliberate and well‑funded growth strategy, combining electronic flow trading with sophisticated, episodic structured solutions. In 2025, Citi's equities revenues reached their highest levels since 2021, with equity derivatives serving as a core driver of that momentum. This is a senior structuring opportunity within Citi's Strategic Equity Derivatives business in London.
The role sits at the intersection of product innovation, quantitative design, and client origination — working directly alongside sales and trading to develop bespoke equity derivative solutions for strategic equity clients globally. Operating at Director level, the successful candidate will bring both the technical depth to engineer complex payoffs and the commercial instinct to drive origination and deepen client relationships. Citi's London platform provides a compelling environment in which to do so.
Primary Responsibilities- Research, design and structure bespoke equity derivative payoffs for strategic equity clients across the full complexity spectrum, including barrier and worst‑of structures, cliquets, digitals, and other light‑to‑medium exotic products, ensuring hedgeability, capital efficiency (XVA/RWA impact), and commercial viability.
- Drive origination and product engagement in close partnership with the sales desk, presenting structured solutions to institutional clients — including asset managers, private banks, insurance companies, and corporates — and converting ideas into executable transactions.
- Develop and pitch Quantitative Investment Strategies (QIS) and systematic payoff structures, tailoring strategy parameters (volatility budgets, sector tilts, asset class overlays) to specific client mandates.
- Identify and execute risk recycling opportunities, structuring transactions that efficiently offset or monetise existing book risk and contribute meaningfully to desk P&L.
- Collaborate cross‑functionally with trading, quantitative research, legal, compliance, and risk teams to ensure all structured solutions are compliant with applicable regulation, including PRIIPs, MiFID II, EMIR, and BMR.
- Contribute to product innovation and market intelligence, monitoring volatility surfaces, correlation dynamics, and funding environments to anticipate client demand and bring differentiated, market‑relevant ideas to the franchise.
- Demonstrated experience as an equity derivatives structurer or quantitative analyst at a top‑tier investment bank, with a proven track record of structuring and pricing complex payoff products from origination through to execution.
- Knowledge of strategic equity products including dividend adjusted options, funded collars, structured share repurchases would be helpful but not necessary.
- Deep technical expertise in equity exotic products, including — but not limited to — autocallable and barrier structures, worst‑of payoffs, dividend derivatives, and hybrid equity/rates or equity/credit structures.
- Strong quantitative foundation, including familiarity with equity derivatives pricing models (local/stochastic volatility, Monte Carlo, finite difference methods) and an ability to engage meaningfully with quants on model assumptions and sensitivities.
- Proficiency in Python (or equivalent quantitative tooling), with the ability to build or interrogate pricing analytics, automate workflows, or support strategy development.
- Ability to articulate complex, structured ideas to a sophisticated internal audience, and the ability to build strong working relationships with partners in trading, sales, origination and quantitative analysis.
- Regulatory literacy, with working knowledge of the UK/EU derivatives regulatory framework (PRIIPs, MiFID II, EMIR, BMR) and the ability to operate within a robust compliance and risk control environment.
- 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
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.
Payoff Structurer – Strategic Equity Derivatives employer: Citigroup, Inc.
Citi London offers an exceptional work environment for the Payoff Structurer role, combining a business casual atmosphere with a hybrid working model that promotes work-life balance. Employees benefit from competitive salaries, generous annual leave, and comprehensive health care options, alongside a commitment to diversity and inclusion that empowers individuals to thrive. With significant investment in its London headquarters and a focus on employee development, Citi provides a unique opportunity for professionals to engage in innovative financial solutions while building meaningful client relationships.
StudySmarter Expert Advice🤫
We think this is how you could land Payoff Structurer – Strategic Equity Derivatives
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those in equity derivatives. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Get your pitch ready! When you land an interview, be prepared to showcase your expertise in structuring complex payoffs. Use real examples from your past work to demonstrate how you can add value to Citi's Strategic Equity Derivatives team.
✨Tip Number 3
Stay updated on market trends! Knowing the latest in equity derivatives and regulatory changes will not only impress your interviewers but also show that you're genuinely interested in the role and the industry.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're serious about joining Citi and being part of our dynamic team.
We think you need these skills to ace Payoff Structurer – Strategic Equity Derivatives
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Payoff Structurer. Highlight your experience with equity derivatives and any relevant quantitative skills. We want to see how your background aligns 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 passionate about equity derivatives and how you can contribute to our team. Keep it concise but impactful, and don’t forget to mention your technical expertise.
Showcase Your Quant Skills:Since this role requires strong quantitative abilities, make sure to highlight your proficiency in Python or any other quantitative tools. We love seeing examples of how you've used these skills in past roles, so don’t hold back!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Citigroup, Inc.
✨Know Your Payoffs
Make sure you have a solid understanding of the various equity derivative payoffs, especially the complex ones like barrier structures and worst-of payoffs. Be prepared to discuss how you would structure these products for different client needs, showcasing your technical expertise.
✨Quantitative Skills on Display
Brush up on your quantitative skills, particularly in pricing models like Monte Carlo and finite difference methods. Be ready to explain your thought process and how you would apply these models to real-world scenarios during the interview.
✨Client Engagement Strategy
Think about how you would drive origination and engage with clients. Prepare examples of how you've successfully pitched structured solutions in the past, and be ready to discuss how you would tailor strategies to meet specific client mandates.
✨Regulatory Knowledge is Key
Familiarise yourself with the UK/EU derivatives regulatory framework, including PRIIPs and MiFID II. Be prepared to discuss how you would ensure compliance in your structuring work, as this will demonstrate your ability to operate within a robust risk control environment.
