Delta One Trader

 

Citi’s mission is to serve as a trusted partner to the clients by responsibly providing financial services that enable growth and economic progress. Firm‘s core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of Citi‘s clients.

Job Purpose:

  • Part of the EMEA Delta-One trading team, the Trader is responsible for pricing, risk management, trading, and booking of company‘s D1 Client Term business on specific underlyings (CAC, SMI, Nordic Indices.)
  • The products in scope will include Total return Swaps, Forwards, Listed Combo, listed Futures, Dividend Swaps, Dividend Futures, Index Total Return Future
  • The trader will also be responsible of the development of firm‘s long term collateral swap business (like PEA business). He/She will liaise with the sales forces, with the quantitative research team and with the IT team to develop a best in class product
  • Part of a team of 4/5 traders, the Trader will participate actively in the development and enhancement of company‘s control framework.

Your Responsibilities:

  • Managing risk exposure for the desk on the specified underlyings (CAC, SMI, Nordic Indices)
  • Product development, in particular pricing model, for complex collateral swaps
  • Liaising with relevant control functions to adapt to firm‘s new product offering
  • Client Pricing of Delta One products (CAC, SMI, Nordic Indices) and on Collateral swaps
  • P and L explanation, attribution
  • Management of the PEA Inventory
  • Optimisation of the funding of the desk’s assets
  • Generation of Trade ideas for clients.

Skills and Qualifications:

Knowledge/Experience:

  • A similar role with a leading bank. Especially around risk management and client flow. PEA being a complex product the trader will need modelling background

Skills:

  • Proficiency in mathematics, Financial engineering

Qualifications:

  • Finance degree, Mathematics degree

Competencies:

  • Excel and VBA, Trading experience, pricing of derivatives
  • Candidates applying for this role must be aware that it is a Certified Role, subject to the Certification Regime. The Certification Regime is one element of the Individual Accountability Regime which has come into effect on 7 March 2016. Under the Certification Regime, certain 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.

Source: for more information click here.

  • This job has expired!
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Citi is a world-class organization that has been in business for over 200 years and is made up of creative, visionary and entrepreneurial thinkers like you. Here is a place where the best succeed, where opportunities for advancement are open to all, where individual talent is valued and where the courage to always do what’s right is the hallmark of our success. Citi cultivates great minds like yours and here you’ll have tremendous opportunities to grow, learn and make your mark.

Citi’s mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. We have 200 years of experience helping our clients meet the world’s toughest challenges and embrace its greatest opportunities. We are Citi, the global bank – an institution connecting millions of people across hundreds of countries and cities.We protect people’s savings and help them make the purchases – from everyday transactions to buying a home – that improve the quality of their lives. We advise people on how to invest for future needs, such as their children’s education and their own retirement, and help them buy securities such as stocks and bonds.We work with companies to optimize their daily operations, whether they need working capital, to make payroll or export their goods overseas. By lending to companies large and small, we help them grow, creating jobs and real economic value at home and in communities around the world. We provide financing and support to governments at all levels, so they can build sustainable infrastructure, such as housing, transportation, schools and other vital public works.

Information
  • Specialism Custodians
  • Location New York
  • Address 388 Greenwich Street New York, NY 10013 U.S.A.
Connect with us

Citi’s mission is to serve as a trusted partner to firm‘s clients by responsibly providing financial services that enable growth and economic progress.

Job Purpose:

  • Part of the EMEA Delta-One trading team, the Trader is responsible for pricing, risk management, trading, and booking of firm‘s D1 Sector Swap and Future business
  • Responsible for all European Stoxx sector and size (lare/mid/small) indices and other mid-cap indices including the MDAX and FTSE250
  • They will work with sales and clients to grow company‘s Sector Swap commission wallet and manage the resulting basket inventory to maximize the potential revenue from the client balances
  • They will expand company‘s existing Sector Future/Forward offering to longer term maturities for both internal and external clients.

Your Responsibilities:

  • Executing agency orders for clients on European Sector and Midcap indices (both swaps and futures)
  • Pricing risk trades and managing the risk unwind on the same indices
  • Pricing TRS and futures/forwards markets to internal and external clients on the same indices
  • Marking the dividend and repo curves on these indices
  • Managing corporate actions and rebalances on the hedge inventory
  • Liaising with technology to develop index algo product and working to incorporate client feedback
  • PandL explanation and attribution analysis
  • Generation of trade ideas for clients.

Skills and Qualifications:

  • A similar role with a leading bank. Especially around execution of client flow and inventory management.
  • Proficiency in mathematics, Financial engineering,
  • Finance / Mathematics / Engineering / Computer Science degree
  • Excel and VBA, Trading experience, Pricing of derivatives
  • Basic programming experience preferred but not required
  • Candidates applying for this role must be aware that it is a Certified Role, subject to the Certification Regime. The Certification Regime is one element of the Individual Accountability Regime which has come into effect on 7 March 2016. Under the Certification Regime, certain 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.

Source: for more information click here.

  • This job has expired!
Share this job

Citi is a world-class organization that has been in business for over 200 years and is made up of creative, visionary and entrepreneurial thinkers like you. Here is a place where the best succeed, where opportunities for advancement are open to all, where individual talent is valued and where the courage to always do what’s right is the hallmark of our success. Citi cultivates great minds like yours and here you’ll have tremendous opportunities to grow, learn and make your mark.

Citi’s mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. We have 200 years of experience helping our clients meet the world’s toughest challenges and embrace its greatest opportunities. We are Citi, the global bank – an institution connecting millions of people across hundreds of countries and cities.We protect people’s savings and help them make the purchases – from everyday transactions to buying a home – that improve the quality of their lives. We advise people on how to invest for future needs, such as their children’s education and their own retirement, and help them buy securities such as stocks and bonds.We work with companies to optimize their daily operations, whether they need working capital, to make payroll or export their goods overseas. By lending to companies large and small, we help them grow, creating jobs and real economic value at home and in communities around the world. We provide financing and support to governments at all levels, so they can build sustainable infrastructure, such as housing, transportation, schools and other vital public works.

Information
  • Specialism Custodians
  • Location New York
  • Address 388 Greenwich Street New York, NY 10013 U.S.A.
Connect with us

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