Fx Options Trader

11037 Citibank, N.A. United Kingdom; England; On-site; GBP 90,000 - 130,000; Full time

Job summary

Citi UK is seeking a Trader to manage FX option risk and price for vanilla and exotic products, aligning with the Trading team to process trades for a trading book and meet revenue targets.

The role involves risk management, cross-functional coordination, and ensuring governance, compliance, and proper certifications are maintained. A strong analytical background and relevant licenses are required.

Qualifications

• 3–7 years of experience in a related role.
• Knowledge of respective products and clients.
• Required licensing and registrations as applicable.
• Advanced analytical and numerical competency.
• Clear and concise written and verbal communication.
• Effective interpersonal skills to develop relationships with stakeholders.
• Ability to analyze and pitch situations and determine suitable counterparties.
• Knowledge of Bloomberg, booking systems, trading protocol, and closing technicalities.

Responsibilities

• Contribute to a trading book and generate revenues while managing risk.
• Coordinate with Sales, Research, CMand and other groups across Markets and Securities Services.
• Trade a book and deliver on budgeted revenues and manage book risk.
• Establish and maintain key relationships to deliver trades to the desk.
• Anticipate client demand in each product/market.
• Coordinate with desk analysts and sales to develop the franchise.
• Maintain governance and controls with Legal, Compliance, Risk, Audit and Finance.
• Uphold Citi Code of Conduct and supervision plans.
• Ensure proper registrations and certifications are maintained.

Skills

FX risk management

Pricing and trading

Analytical ability

Written and verbal communication

Interpersonal skills

Regulatory knowledge

Education

Bachelor’s degree

Master’s degree preferred

Tools

Bloomberg

Booking systems

Trading protocol

Job description

The Trader will be responsible for managing FX option risk and making prices to our franchise in vanilla and exotic products, in coordination with the Trading team. The overall objective of this role is to process trades for a trading book and achieve revenue targets.

Responsibilities:

• Contribute to a trading book and generate revenues and manage risk for the respective business
• Coordinate with Sales, Research, CMand and other organizations across Markets and Securities Services and the broader business
• Trade a book and deliver on budgeted revenues and manage book risk
• Establish and maintain key relationships to deliver trades to the desk
• Anticipate client demand in each respective product/market
• Coordinate with desk analysts as needed and with sales to develop the franchise
• Leading strong governance and controls:
• Work in close partnership with control functions such as Legal, Compliance, Market and Credit Risk, Audit, Finance in order to ensure appropriate governance and control infrastructure
• Build a culture of responsible finance, good governance and supervision, expense discipline and ethics
• Appropriately assess risk/reward of transactions when making business decisions; demonstrating proper consideration for the firm’s reputation.
• Be familiar with and adhere to Citi’s Code of Conduct and the Plan of Supervision for Global Markets and Securities Services
• Adhere to all policies and procedures as defined by your role which will be communicated to you
• Obtain and maintain all registrations/licenses which are required for your role, within the appropriate timeframe
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Recommended Qualifications:

• 3-7 years of experience in a related role
• Knowledge of respective products and clients
• Required licensing and registrations as applicable
• Advance analytical and numerical competency
• Consistently demonstrates clear and concise written and verbal communication
• Effective interpersonal skills to develop and maintain relationships with internal and external stakeholders
• Ability to analyze and pitch situations and determine suitable counterparties
• Knowledge of Bloomberg, booking systems, trading protocol, closing technicalities

Education:

• Bachelor’s degree/University degree or equivalent experience
• Master’s degree preferred

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

Job Family Group:

Institutional Trading

Job Family:

Trading

Time Type:

Full time

Most Relevant Skills

Please see the requirements listed above.

Other Relevant Skills

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