Equities Delta One Flow Trader – Single Stock Flow (SSF) & Corporate Events Trading (CEFT)

Citigroup Inc.; City Of London; Hybrid; GBP 100,000 - 125,000; Full time

Job summary

A global financial services leader in London is hiring an Equities Delta One Flow Trader to optimize trading of single stock derivatives. This junior role demands strong analytical abilities and provides a chance to impact P&L generation within a dynamic trading environment. Candidates should have a degree in a numerical subject and familiarity with programming languages like Python or SQL. The position offers a competitive salary, hybrid working, and numerous benefits, including 27 days of annual leave and performance bonuses.

Benefits

27 days annual leave

Discretionary annual performance-related bonus

Private Medical Care & Life Insurance

Employee Assistance Program

Pension Plan

Paid Parental Leave

Special discounts for employees

Access to learning resources

Qualifications

• Strong analytical and quantitative skills essential for risk management and trade execution.
• Effective interpersonal skills to develop relationships with stakeholders.

Responsibilities

• Proactively manage and mitigate risks across trading books.
• Execute OTC and listed trades with counterparties.
• Collaborate with stock loan and funding desks to build synthetic short coverage.
• Work closely with derivatives and delta one sales teams to service clients.
• Provide expert pricing for prime brokerage positions.
• Optimize corporate action elections across all firm positions.
• Partner with technology teams to enhance trading systems.

Education

Degree in a numerical (STEM) subject

Tools

Python

SQL

VBA

Job description

Equities Delta One Flow Trader – Single Stock Flow (SSF) & Corporate Events Trading (CEFT)

Citi's Markets business stands as a global leader, providing world-class solutions and unparalleled access across nearly 80 countries. Our client-facing, revenue-generating division offers extensive trading and execution capabilities spanning diverse asset classes like Commodities, Equities, Rates, and Spread Products, alongside our market-leading FX franchise. As a critical engine within the firm, Citi Markets empowers corporations, institutional investors, and governments with innovative financial products and services, driving global commerce and investment.

This junior role offers a dynamic entry into Citi's EMEA Corporate Events Flow Trading (CEFT) and Single Stock Flow (SSF) team within Delta One. You will be instrumental in optimizing Equities & Prime Brokerage inventory through the expert trading of single stock derivatives, with a particular focus on dividend and corporate action dates. This position provides an exceptional opportunity to develop deep market understanding, hone quantitative skills, and contribute directly to P&L generation and risk management within a critical area of our Front Office Markets division. The role is ideal for a highly analytical and detail-oriented individual eager to make a tangible impact in a fast-paced trading environment.

What you will do will be varied day to day, but the key drivers for the role are:

• Proactively manage and mitigate risks across trading books, ensuring accuracy in P&L reporting and reconciliation.
• Execute OTC and listed trades with counterparties and through inter-dealer brokers to effectively manage the firm's inventory, adhering strictly to transaction terms, approvals, and restrictions.
• Collaborate with stock loan and funding desks to build synthetic short coverage, enhancing balances and improving the efficiency of delta one and wider equities financing.
• Work closely with derivatives and delta one sales teams to service single stock futures clients, fulfilling pricing requests and aligning with client growth strategies.
• Provide expert pricing for prime brokerage and synthetic prime brokerage positions related to dividends, offering crucial insights into liquidity and corporate action complexities to prime sales trading.
• Optimize corporate action elections across all firm positions, adeptly managing conflicting stakeholder interests to mitigate risk and capitalize on revenue opportunities.
• Partner with technology teams to enhance trading systems, thereby increasing efficiency, improving operational processes, and strengthening controls within the desk.

What we will need from you:

• A degree in a numerical (STEM) subject is preferred, demonstrating a strong foundation in analytical and quantitative disciplines.
• Strong analytical and quantitative skills are essential for risk management, trade execution, and strategic decision-making.
• Proficiency in programming languages such as Python, SQL, or VBA is preferred, to support system enhancements and data analysis.
• Effective interpersonal skills are required to develop and maintain robust relationships with both internal and external stakeholders.

What We Offer:

• 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
• Special discounts for employees, family, and friends
• Access to an array of learning and development resources

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 as listed above.

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.

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Candidates applying for this role must be aware that it is a Certified Role, subject to the FCA and PRA Certification Regime.

The Certification Regime is one element of the Individual Accountability Regime which came into effect on 7 March 2016.

Under the Certification Regime, Citi UK regulated entities (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

In order to comply with the requirements of the Certification Regime, Citi entities must take reasonable care to ensure that an employee does not perform a Certified Role without first being certified as Fit and Proper. For this reason, you will be assessed for this role against the Fit and Proper requirements, as described above.

This assessment will be carried out through extensive interviews, self-disclosures, permitted criminal record checks, regulated reference checks, credit checks and other background screening checks.

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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