Delta One Swaps Trader - Hybrid, Strategic Markets

Citi Group; Greater London; Hybrid; GBP 120,000 - 185,000; Full time

Benefits offered by this job

Hybrid work model

Private Medical Care

Life Insurance

Pension Plan

Employee Assistance Program

Learning & development resources

27 days annual leave

Job summary

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

Qualifications

• 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.

Responsibilities

• 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.

Skills

Delta One trading

Python

SQL

Bloomberg Terminal

Booking systems

Analytical skills

Education

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

Tools

Bloomberg Terminal

Booking systems

Job description

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