London, England, United KingdomCategory: Institutional Trading, ProfessionalCompany: CitiCiti Markets operates at the intersection of innovation and scale. As a critical component of our global franchise, our Delta One desks provide clients access to cost-effective solutions for gaining their desired exposure, driving Citi’s competitiveness while maintaining prudent risk management and regulatory compliance.The Delta One Swaps Trader is a senior, revenue-generating position responsible for overseeing trading activity for our ETF Swap Provision product. This role sits within Citi's Delta One trading unit and includes pricing, risk management & lifecycle optimization where we provide synthetic exposure to ETF issuers, with scope to expand the activity into other index + collateral basket pairs. Primary ResponsibilitiesCentral point of pricing for new trades, coordinating between multiple teams to aggregate the overall value of the relevant structures to balance competitiveness, balance growth and ensuring appropriate returns on resource consumptionEffectively manage and optimize inventory, coordinating the use of index inventory to extract maximum value before constructing the collateral baskets. Co-ordination with Sales to build & maintain strategic relationships with new & existing issuers. Ensuring Citi are at the forefront of new product offerings, day 1 providers and growing existing balancesConsider the financial resource footprint and intersection with wider funding needs of the Prime & D1 business, leveraging the structures where possible to provide capacity for the Funding teamCoordinate closely with desk analysts, quantitative strategists, and Sales teams to enhance execution capabilities, build out monitoring and rebalance tools while improving STP workflowsUphold rigorous governance, controls, and ethical standards by partnering with Legal, Compliance, Market Risk, Credit Risk, Audit, and Finance to ensure adherence to Citi's Code of Conduct, regulatory requirements, and the Plan of Supervision for Global Markets and Securities Services.What We Need from YouDirect experience in Delta One or Prime Finance trading roles with a particular focus on Total Return Swaps and their use as a funding/collateral management tool. Strong understanding of Index trading dynamics also required, while a direct background in management of ETF swap provision facilities is preferredDeep technical knowledge of funding & borrow mechanics - how Delta One & Prime businesses extract maximum value from the inventory they hold & how they manage term risks. Furthermore an understand of dividend treatments, corporate actions, cross currency basis and other adjacent products is requiredAdvanced analytical and numerical competency, including proficiency in Bloomberg Terminal functionality, booking systems and working knowledge of Python or SQL for data analysis and trade workflow optimization.Proven ability to co-ordinate projects & initiatives, with specific examples of driving business growth and development beyond just maintaining an existing operating model.Consistently demonstrates clear and concise written and verbal communication with the ability to articulate trading rationale, market dynamics, and risk exposures to senior stakeholders, Sales teams, and control functions.Master's degree preferred in Finance, Financial Engineering, Mathematics, Economics, Computer Science, or a related quantitative discipline; relevant licensing and registrations as applicable (FCA Approved Person status, CISI, CFA preferred).What Citi Can Offer YouBy 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 bonusPrivate Medical Care & Life InsuranceEmployee Assistance ProgramPension PlanPaid Parental LeaveSpecial discounts for employees, family, and friendsAccess to an array of learning and development resourcesAlongside 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. 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.------------------------------------------------------Institutional Trading------------------------------------------------------Job Family:Trading------------------------------------------------------Time Type:Full time------------------------------------------------------Most Relevant Skills Please see the requirements listed above.------------------------------------------------------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.
Sales Trader in London employer: Citigroup
Citi is an exceptional employer, offering a dynamic work environment in the heart of London where innovation meets collaboration. As a Sales Director, you will benefit from extensive training and mentorship opportunities, fostering your professional growth while working alongside industry leaders in FX Sales. With a strong commitment to integrity and inclusivity, Citi provides a supportive culture that empowers employees to excel and drive meaningful results for clients.
