CEEMEA Emerging Markets Credit Trader

Citigroup Inc.; Greater London; On-site; GBP 180,000 - 260,000; Full time

Benefits offered by this job

A discretionary annual performance‑rel

27 days annual leave

Private Medical Care & Life Insurance

Pension Plan

Paid Parental Leave

Learning & Development resources

Job summary

Citigroup Inc. in London seeks a Vice President – CEEMEA Emerging Markets Structured Credit Trader to lead a dedicated EM credit book, act as market-maker, and drive P&L with a robust client network.

The role requires deep EM credit expertise, cross-functional collaboration with Sales, Structuring, Risk and Tech, mentorship of juniors, and a focus on disciplined risk controls on CEEMEA sovereign and corporate credits.

Qualifications

• Senior, not entry-level; proven fixed income credit trading experience at a top-tier bank
• Deep CEEMEA sovereign and corporate credit knowledge
• Proven P&L track record managing dedicated trading books
• Strong technical and analytical skills in Bloomberg, electronic venues, Python, and Excel/VBA

Responsibilities

• Trading and risk management: Own and manage a dedicated EM credit book across cash bonds, CDS, and structured credit.
• Client franchise & coverage: Originate bespoke credit-linked trades and expand institutional client penetration.
• Desk leadership: Mentor junior traders and develop desk tooling, pricing analytics, and electronic trading workflows.
• Risk & governance: Partner with Risk, Finance, Compliance to maintain desk governance and risk controls.
• Talent & partnerships: Participate in hiring and internship program reviews.

Skills

CEEMEA credit markets expertise

P&L delivery

Bloomberg (ALLQ FIW RUNS)

Python

Excel/VBA

Education

Bachelor’s or Master’s in Finance/Economics/Mathematics/Engineering

Tools

Bloomberg

Tradeweb

MarketAxess

Job description

Introduction to Citi Markets

Citi Markets is a global market maker across fixed income, currencies, commodities, equities, and credit products, delivering liquidity and innovative solutions to institutional clients across more than 95 countries. Our operation is uniquely global. Our client list is remarkably varied. Our product range is incredibly broad. But we’re not the finished article. We have big ambitions for the future and all the resources we need to reach them, including some of the smartest people in the industry. Within our Global Emerging Markets (GEM) franchise, Citi holds an undisputed leadership position, leveraging an unrivaled on-the-ground footprint across Central & Eastern Europe, the Middle East, and Africa (CEEMEA).

Role Overview

We are seeking a Vice President – CEEMEA Emerging Markets Structured Credit Trader to join our London EM Structured Credit Trading desk within Spread Products in Citi Markets. In this front-office revenue-generating role, you will manage a dedicated trading book and operate as a primary market-maker and risk intermediary across sovereign, quasi-sovereign, and corporate credit in more than 30 EM jurisdictions. The EM Structured Credit Trader is responsible for managing proprietary and client-facilitated risk, generating ideas, and executing across cash bonds, credit default swaps (CDS), and structured credit instruments. The desk structured and trades any credit related instruments that are not Hard currency cash bonds or vanilla CDS. It plays a central role in Citi's global Spread Product franchise, interfacing daily with Sales, Research, Structuring, Risk Management, and senior leadership. This role represents a high-impact opportunity for a commercially driven, agile trader with strong risk discipline to thrive within an open, meritocratic trading floor culture. This is a senior individual-contributor role requiring deep EM structured credit expertise, a robust client network, and a track record of consistent P&L delivery. The successful candidate will be expected to take on meaningful book ownership from day one, contribute to franchise development, and mentor junior traders and analysts on the desk.

Primary Responsibilities of the Role

Trading and Risk Management

• Own and manage a dedicated EM credit book encompassing cash bonds, CDS (single-name and index), and structured credit products across assigned EM regions (CEEMEA).
• Make two-way marketsand price secondary liquidity across CEEMEA local currency corporate bonds, sovereign and quasi-sovereigns loans and less liquid Credit Default Swaps (CDS) for global institutional clients, including asset managers, hedge funds, insurance companies, and sovereign wealth funds.
• Manage desk risk exposures and inventory, proactively hedging Delta (CS01), DV01, basis risk, credit curve shifts, and cross-currency risks within authorized limits, Volcker Rule mandates, and firmwide risk parameters.
• Generate trading P&Lby identifying relative value opportunities, mispricings, and structural cross-asset themes across Central Eastern Europe, Middle East/GCC, and African credit markets.
• Partner with CEEMEA DCM and Syndicate teamson loans, market soundings, underwriting, distribution and secondary market liquidity support.

Client Franchise & Coverage

• Collaborate with Sales and Structuringto originate bespoke credit-linked structured products and credit portfolio trades and expand institutional client penetration across hedge funds, real-money asset managers, and sovereign wealth funds.
• Build, deepen, and maintain relationships with key institutional clients; act as a trusted counterpart and primary contact for complex EM credit inquiries.
• Represent Citi's EM Structured Credit Trading desk at investor conferences, roadshows, and client meetings as required.

Desk Leadership and Infrastructure

• Mentor and develop junior traders, analysts, and associates on the desk; contribute to a high-performance team culture grounded in intellectual rigor and integrity.
• Drive improvements in desk tooling, pricing analytics, and electronic trading workflows in partnership with Quant and Technology teams.
• Actively engage with Risk, Finance, Compliance, and Operations to maintain best-in-class desk governance.
• Participate in talent selection processes, including junior-hire interviews and internship programme reviews.

What We Need from You

• This is not an entry level role, proven experience in fixed income credit trading experience at a top-tier investment bank, with proven experience dedicated to CEEMEA / Emerging Markets sovereign and corporate credit
• Deep product masteryof CEEMEA cash Eurobonds (high-yield and investment grade), credit default swaps (single-name and indices), SPV issued notes, Total Return Swaps, LMA loan documentation and basis trading mechanics.
• Proven P&L track recordmanaging dedicated trading books with disciplined risk management across CS01, inventory turnover, and market liquidity constraints.
• Extensive knowledge of CEEMEA geopolitical and macroeconomic dynamics, spanning Central & Eastern Europe, GCC/Middle East, Turkey, and Sub-Saharan Africa.
• Strong technical and analytical proficiencyin Bloomberg (ALLQ, FIW, RUNS), electronic execution venues (Tradeweb, MarketAxess), Python, and Excel/VBA.
• Bachelor’s or Master’s degreein Finance, Economics, Mathematics, Engineering, or a related quantitative discipline with strong collaborative and stakeholder management capabilities.

What Citi can offer you

By joining Citi London, you will 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.

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Job Family Group:

Institutional Trading

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Job Family:

Trading

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Time Type:

Full time

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Most Relevant Skills

Please see the requirements listed above.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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