LMFX Trader - Associate/ VP or Director

Citigroup Inc.; Greater London; On-site; GBP 180,000 - 240,000; Full time

Job summary

Citigroup Inc. in London is seeking a Vice President LMFX trader to lead primary market-making across spot, forwards and FX swaps, managing intra-day and overnight risk within defined limits.

The desk is in a growth phase with investment in electronic trading capabilities. You will operate autonomously within a robust risk framework, deepen Latam currency expertise, partner with e-trading and quantitative teams to optimize pricing engines, and build client relationships with FX Sales while

Qualifications

• Demonstrable LMFX trading experience in spot, forwards, and swaps.
• Strong Latam currency knowledge and risk management.

Responsibilities

• Manage primary market-making across a portfolio of LMFX books, including spot, forwards, and FX swaps, with intra-day and overnight risk within defined limits.
• Provide coverage and back-up 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.
• Build and maintain client relationships with FX Sales and provide market color, trade ideas, and content to strengthen Citi's market presence.
• Uphold governance and controls; work with Legal, Compliance, Market Risk, Credit Risk, Audit, and Finance to meet standards; escalate issues transparently.
• Assess risk/reward of trading decisions with regard to the firm's reputation and regulatory requirements.

Skills

LMFX trading experience

Latam currencies

Market-making

Risk management

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 responsibilitiesacross 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-upacross 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 relationshipsin 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 decisionswith 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 currenciesat 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 expertiseacross LMFX instruments; familiarity with Local Markets currency products and associated risk dynamics would be a meaningful advantage.

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.

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