Delta One Swaps Trader

Citigroup; Greater London; Híbrido; GBP 120.000 - 185.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Hybrid work model

Private Medical Care

Life Insurance

Pension Plan

Employee Assistance Program

Learning & development resources

27 days annual leave

Descripción de la vacante

Citigroup in London seeks a senior Delta One/Prime Finance trader to own pricing, manage collateral and optimize funding strategies. You will coordinate with Sales, Quants and Legal to optimize returns, controls, and risk management while delivering efficient STP workflows and market-leading liquidity across TRS and ETF-related structures.

The role requires deep Delta One/Prime Finance experience, strong Python/SQL skills, and Bloomberg proficiency in a fast-paced, collaborative London

Formación

• Direct experience in Delta One or Prime Finance trading roles.
• Strong understanding of Total Return Swaps and ETF swap facilities preferred.
• Experience with index trading dynamics and funding/collateral management.
• Advanced analytical and numerical competency; Bloomberg proficiency; Python or SQL for data analysis.

Responsabilidades

• Central point of pricing for new trades, coordinating between teams to optimize value and balance growth with resource use.
• Manage and optimize inventory; coordinate index inventory, construct collateral baskets and hedge lifecycles.
• Coordinate with Sales to build relationships with issuers and remain at the forefront of new products.
• Consider funding footprint and align with Prime & D1 funding needs; support Capital planning.
• Collaborate with desk analysts, quants and Sales to enhance execution, monitoring, and STP workflows.
• Uphold governance and controls by partnering with Legal, Compliance, Risk, Audit and Finance.

Conocimientos

Delta One trading

Python

SQL

Bloomberg Terminal

Booking systems

Analytical skills

Educación

Master's degree preferred in Finance/Finance Eng/Economics

Herramientas

Bloomberg Terminal

Booking systems

Descripción del empleo

Citi Markets operates at the intersection of innovation and scale. 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. 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.

Primary Responsibilities

• Central 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 consumption
• Effectively manage and optimize inventory, coordinating the use of index inventory to extract maximum value before constructing the collateral baskets. Manage the lifecycle of the basket swaps and their hedges to ensure optimization, compliance with relevant constraints and operational pragmatism.
• 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 balances
• Consider 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 team
• Coordinate closely with desk analysts, quantitative strategists, and Sales teams to enhance execution capabilities, build out monitoring and rebalance tools while improving STP workflows
• Uphold 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 You

• Direct 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 preferred
• Deep 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 required
• Advanced 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 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 comfortabl