LMFX Trader - Associate/ VP or Director

Citi; Greater London; On-site; GBP 180,000 - 280,000; Full time

Job summary

Citi’s LMFX Trading desk in London is looking for a Vice President to lead primary market-making across spot, forwards and FX swaps. You will operate autonomously within a defined risk framework and drive desk performance on a growing platform.

As part of the team, you will work with e-trading and quantitative colleagues to optimize pricing and execution, while maintaining strong client engagement and governance. This role is based in London and requires FCA/PRA regulatory awareness.

Qualifications

• Experience as LMFX linear trader focusing on Latam currencies in a top-tier bank.
• Proven track record managing spot, forwards, and FX swap books in primary market-making.
• Deep product knowledge of LMFX instruments and Local Markets currency products.

Responsibilities

• Oversee primary market-making across LMFX books (spot, forwards, FX swaps) within risk limits and contribute to desk P&L.
• Provide back-up coverage across Local Markets linear FX books to ensure risk-management continuity.
• Collaborate with e-trading and quantitative teams to monitor internalization rates and optimize pricing engines and execution algorithms.

Skills

LMFX trading

Latam currencies

market microstructure

risk management

pricing engines

client coverage

Tools

Trading platforms

Job description

Citi's Markets business is one of the largest and most globally connected capital markets franchises in the world, offering clients access to deep liquidity, market intelligence, and execution capabilities across fixed income, currencies, commodities, and equities. The Foreign Exchange business sits at the core of the Markets division, operating across a network of interconnected trading hubs in London, New York, Tokyo, and Singapore. Citi consistently ranks amongst the top global FX dealers, with a broad footprint spanning G10 and local markets currencies and a growing presence servicing institutional, corporate, and alternative investment client segments.

The Opportunity

This is an opportunity to join Citi's LMFX Trading desk in London at the Vice President level, taking on primary market-making responsibilities across a portfolio of spot, forward, and swap books. The desk is at a growth phase, with significant investment being made in electronic trading capabilities, internalization infrastructure, and client franchise development. The successful candidate will be an experienced LMFX trader who can operate autonomously within a risk framework, contribute meaningfully to the desk's commercial performance, and bring a genuine understanding of both market microstructure and client flow dynamics.

Primary Responsibilities

• Manage primary market-making responsibilities across a portfolio of LMFX books — including spot, forwards, and FX swaps — taking intra-day and overnight risk within defined limits and actively contributing to the desk's P&L.
• Provide coverage and back-up across select Local Markets (LM) linear FX books, ensuring continuity and consistency of risk management across the broader desk.
• Partner closely with e-trading and quantitative teams to monitor internalization rates, optimize pricing engines and execution algorithms, and contribute to the continued development of the desk's electronic capabilities.
• Build and maintain client relationships in partnership with FX Sales, providing high-quality market colour, actionable trade ideas, and written and video content that reinforces Citi's market presence and strengthens client engagement.
• Uphold rigorous governance and controls, working in close partnership with Legal, Compliance, Market Risk, Credit Risk, Audit, and Finance to ensure the desk's risk infrastructure meets the highest standards; elevate and manage control issues with transparency.
• Assess risk/reward of trading decisions with appropriate consideration for the firm's reputation, in full adherence to Citi's Code of Conduct, the Plan of Supervision for Global Markets and Securities Services, and all applicable regulatory requirements and policies.

What We Need From You

• Demonstrable experience as a LMFX linear trader with particular focus on Latam currencies at a Tier 1 or Tier 2 financial institution, with a proven track record of managing spot, forward, and FX swap books in a primary market-making capacity.
• Deep product expertise across LMFX instruments; familiarity with Local Markets currency products and associated risk dynamics would be a meaningful advantage.

Certification Regime

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.

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.

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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