Citi's Global Markets business is a leading financial services franchise, offering unparalleled access to trading, hedging, and investment opportunities across a broad range of asset classes. Within this dynamic environment, our Spread business stands as a cornerstone, delivering innovative solutions and deep market insights to our institutional clients worldwide. We pride ourselves on our sophisticated trading capabilities, extensive global footprint, and commitment to client success, operating at the forefront of financial innovation.
We are seeking a highly motivated and experienced individual to join our team as a VP, Investment Grade Corporates Trader. This role presents a significant opportunity to contribute to a critical trading desk, focusing on market making and risk management within the investment-grade corporate bond sector. The successful candidate will be instrumental in executing trades, managing inventory, and contributing to strategic positioning, directly impacting the profitability and market presence of Citi's Fixed Income franchise. This is an exciting opportunity for an experienced professional looking to further their career in a dynamic and challenging trading environment at a tier-one investment bank.
Primary Responsibilities of the role
* Manage and optimize a trading book of investment-grade corporate bonds, adhering strictly to risk limits, compliance procedures, and regulatory requirements.
* Provide competitive pricing and execute trades for institutional clients across various investment-grade corporate instruments.
* Develop and implement trading strategies to identify and capture relative value opportunities, employing sophisticated analytical tools and market intelligence.
* Continuously monitor market trends, credit developments, and macroeconomic factors influencing the investment-grade corporate bond market.
* Collaborate effectively with sales teams, research analysts, and other trading desks to facilitate client flow, exchange market insights, and optimize cross-product opportunities.
* Contribute to the ongoing enhancement of trading analytics, pricing models, and technological infrastructure to improve desk performance and efficiency.
What we need from you
* Extensive experience as a trader in investment-grade corporate bonds within a major financial institution.
* Deep understanding of fixed income market dynamics, credit analysis, and product-specific nuances within the investment-grade corporate sector.
* Demonstrated proficiency in risk management techniques, including P&L attribution, hedging strategies, and regulatory capital considerations.
* Strong quantitative and analytical skills, with the ability to interpret complex market data and develop robust trading ideas.
* Excellent communication and interpersonal skills, capable of building and maintaining strong relationships with internal and external stakeholders.
* Bachelor's or Master's degree in Finance, Economics, Quantitative Finance, or a related field. Relevant professional qualifications (e.g., Series 7, 63, CFA) are highly desirable.
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 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.
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.
Certified Role Wording
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.
Job Family Group:
Institutional Trading
Job Family:
Trading
Time Type:
Full time
Most Relevant Skills
Please see the requirements listed above.
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
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