Rates Trader - London - Vice President

Rates Trader - London - Vice President

Full-Time 85500 - 104500 £ / year (est.) No working from home possible
Citigroup, Inc.

At a Glance

  • Tasks: Oversee trading book, manage risk, and generate revenues while collaborating with key stakeholders.
  • Company: Join a leading financial institution known for its commitment to responsible finance and governance.
  • Benefits: Competitive salary, comprehensive benefits, and opportunities for professional growth.
  • Other info: Be part of a culture that values ethics, integrity, and personal development.
  • Why this job: Make impactful decisions in a dynamic trading environment and develop your career in finance.
  • Qualifications: Strong analytical skills, effective communication, and relevant experience in trading.

The predicted salary is between 85500 - 104500 £ per year.

The Trader is a senior level position responsible for overseeing a trading book and managing book risk, in coordination with the Trading team. The overall objective of this role is to ensure book trades deliver on budgeted revenues, and to coordinate with key stakeholders to develop the trading franchise.

Responsibilities:

  • Oversee 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.

Recommended Qualifications:

  • 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.

Education:

  • 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.

Rates Trader - London - Vice President employer: Citigroup, Inc.

Citi London is an exceptional employer, offering a dynamic and inclusive work environment that fosters innovation and collaboration. With a competitive salary, generous annual leave, and a hybrid working model, employees enjoy a healthy work-life balance while having access to extensive learning and development resources. As a key player in the Equity Derivatives Technology team, you will have the opportunity to lead impactful projects and grow your career within a globally recognised financial institution.

Citigroup, Inc.

Contact Details:

Citigroup, Inc. Recruitment Team

We think you need these skills to ace Rates Trader - London - Vice President

Risk Management
Revenue Generation
Stakeholder Coordination
Analytical Competency
Numerical Competency
Written Communication
Verbal Communication