Convertible Bonds Trader

Citi; London; Hybrid; GBP 150,000 - 200,000; Full time

Job summary

A leading financial institution in London seeks an experienced trader for its convertible bonds desk. The role involves pricing and trading bonds, developing the desk's profitability, and ensuring compliance and risk management. Candidates should have a strong background in Convertible Bonds trading and excellent communication skills. The position offers a hybrid work model, competitive salary, and comprehensive benefits including annual leave and performance-related bonuses.

Benefits

27 days annual leave

Discretionary performance-related bonus

Private Medical Care & Life Insurance

Pension Plan

Paid Parental Leave

Employee assistance program

Access to learning and development resources

Qualifications

• Must have trading experience with a proven revenue-generating track record.
• Strong interpersonal skills to develop relationships with stakeholders.
• Experience working with Sales and other Markets teams.

Responsibilities

• Join a growing convertible bonds business.
• Liaise with sales to develop the franchise.
• Develop trading dashboards for risk management.
• Work with control functions to ensure compliance.
• Manage risks in business decisions.

Skills

Experience in managing risk

Trading experience in Convertible Bonds

Strong communication skills

Understanding of Bloomberg

Job description

Overview

Citi is looking to hire an experienced trader to join the convertible bonds trading desk. Your role as a senior trader will be to price and trade bonds for the Citi franchise and grow the desk's revenue through profitable inventory management and market making, while expanding Citi’s franchise and distribution footprint. By joining the trading desk for Equities, you will work closely with the primary issuance team on the general convertibles pipeline and help manage the overall book including special situations as well as the market making flow items. This is a strong opportunity for an experienced trader to join a growing franchise with peer support across the markets business.

What you will do:

• Join a growing convertible bonds business at Citi, including growing the desk in terms of profitability and size.
• Liaise with sales to develop the franchise, anticipating client demand in each respective product/market.
• Use existing (and help develop) trading dashboards to improve risk management and identify opportunities for revenue generation.
• Work in close partnership with control functions such as Legal, Compliance, Market and Credit Risk, Audit, Finance to ensure governance and control infrastructure.
• Acknowledge and assess risk in business decisions, upholding the firm’s reputation, safeguarding Citi, its clients and assets, and ensuring compliance with laws, rules and regulations; adhere to policy and maintain high ethical standards, escalating and reporting control issues as needed.

What we will need from you:

• This is not an entry level role; the candidate will need to be experienced in managing risk.
• Trading experience in Convertible Bonds or closely related products with a strong revenue-generating track record.
• Experience working with Sales, Research and other Markets teams to provide market liquidity and help build Citi’s franchise through monetisation of client flows.
• Clear and concise written and verbal communication and strong interpersonal skills to develop relationships with internal and external stakeholders.
• A strong understanding of Bloomberg, booking systems, trading protocol and closing technicalities.

This role provides the opportunity to grow a product line within equities, leveraging a strong franchise and being responsible for running and growing a desk. You will work with senior stakeholders across the markets platform in a bank that offers a diverse career path with global opportunities.

By joining Citi London, you will be part of a professional environment with a hybrid working model and a competitive base salary, plus additional benefits such as:

• 27 days annual leave (plus bank holidays)
• A discretionary annual performance-related bonus
• Private Medical Care & Life Insurance
• Employee Assistance Program
• Pension Plan
• Paid Parental Leave
• Employee discounts for staff, family and friends
• Access to learning and development resources

We are committed to ensuring the workplace is inclusive and welcoming for everyone. We encourage diverse talent to join and thrive with Citi.

Certification Regime

Candidates applying for this role should be aware that it is a Certified Role, subject to FCA and PRA Certification Regime. The Certification Regime requires certain employees to be assessed as fit and proper to perform their role. The assessment includes interviews, disclosures, background checks and other screening processes in line with FCA and PRA guidance.

Job details

Job Family Group: Institutional Trading

Job Family: Trading

Time Type: Full time

Most Relevant Skills — See requirements above.

Other Relevant Skills — See requirements above or contact the recruiter.

Citi is an equal opportunity employer. Qualified candidates will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by law.

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