Senior Delta One ETF Swaps Trader

06500 Citigroup Global Markets Limited; Greater London; Hybrid; GBP 120,000 - 180,000; Full time

Benefits offered by this job

27 days annual leave

Discretional annual bonus

Private Medical Care & Life Insurance

Pension Plan

Paid Parental Leave

Learning and development resources

Job summary

Citi London is seeking a Delta One Swaps Trader to lead pricing, risk management and lifecycle optimization for our ETF Swap Provision, delivering on budgeted revenues and expanding activity into additional index and collateral basket pairs.

You will coordinate with Sales, desk analysts and quantitative strategists to optimize inventory, manage basket swaps and hedges, and ensure governance and regulatory standards are adhered to.

Qualifications

• Direct experience in Delta One or Prime Finance trading roles with focus on Total Return Swaps and funding/collateral management.
• Deep knowledge of funding & borrow mechanics and dividend treatments, corporate actions and cross currency basis.

Responsibilities

• Pricing for new trades, coordinating between teams to balance value and resource use.
• Manage and optimize inventory; oversee basket swaps and hedges for efficiency and compliance.
• Coordinate with Sales to build and maintain issuer relationships and expand product offerings.
• Consider funding needs of Prime & D1 and support the Funding team.

Skills

Delta One trading

Index trading

ETF swap facilities

Bloomberg Terminal

Python

SQL

Project coordination

Communication skills

Education

Master's degree preferred in Finance/Financial Engineering/Economics/CS

Regulatory licenses (FCA Approved Person/CISI/CFA preferred)

Tools

Bloomberg Terminal

Python

SQL

Job description

Citi London is seeking a Delta One Swaps Trader to lead pricing, risk management and lifecycle optimization for our ETF Swap Provision, delivering on budgeted revenues and expanding activity into additional index and collateral basket pairs.

You will coordinate with Sales, desk analysts and quantitative strategists to optimize inventory, manage basket swaps and hedges, and ensure governance and regulatory standards are adhered to.