Synthetic Equities Prime Trader

PowerToFly; Greater London; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A global financial institution based in Greater London is seeking a Synthetic Prime Trader. In this role, you will manage trading books, ensuring robust risk management while collaborating with internal teams for strategic growth. The position requires strong analytical skills and experience in trading environments. Benefits include 27 days annual leave, a discretionary bonus, and private medical care, as well as a hybrid working model allowing for up to two days working from home weekly.

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

Qualifications

• Strong analytical and quantitative skills with a proven track record in financial markets.
• Demonstrated experience in trading book management and risk mitigation.
• Deep understanding of financial products and regulatory landscape.

Responsibilities

• Manage Synthetic Prime Brokerage trading books and risk mitigation.
• Drive process reengineering and streamline initiatives.
• Analyze market trends to identify new trading opportunities.

Skills

Analytical skills

Quantitative skills

Interpersonal skills

Programming skills (Python, SQL, VBA)

Education

Bachelor's or Master's degree in a numerical (STEM) subject

Job description

Overview

Citi's Markets business is a global leader in financial markets, providing comprehensive capital raising, financing, and risk management solutions to corporations, institutions, and governments worldwide. Within this dynamic environment, our Equities division delivers innovative trading, sales, and research services across a broad spectrum of equity products, playing a pivotal role in connecting clients with global investment opportunities.

As a Synthetic Prime Trader, you will be an integral part of our Equities team, contributing directly to the strategic growth and operational excellence of our Synthetic Prime Brokerage (SPB) platform. This role offers a unique opportunity to manage trading books, optimize processes, and collaborate with key internal and external stakeholders, ensuring robust risk management and efficient client service within a leading global financial institution.

Primary Responsibilities

• Risk manage Synthetic Prime Brokerage trading books, including responsibility for risk mitigation, hedging, P&L, reconciliation, and accurate reporting.
• Drive process reengineering and streamlining initiatives, maintaining a robust framework of key risks and controls.
• Collaborate with Prime Sales Trading teams to effectively apply pricing and rerates to client swap positions.
• Partner with Technology teams to enhance systems, improving trading flow efficiency, operational processes, and controls, while eliminating manual touch points.
• Analyze market trends and client needs to identify new trading opportunities and optimize existing strategies within the Synthetic Prime platform.
• Ensure strict adherence to regulatory requirements and internal policies related to trading activities and risk management.

What we need from you

• Bachelor's or Master's degree in a numerical (STEM) subject or equivalent experience.
• Strong analytical and quantitative skills with a proven track record in financial markets.
• Proficiency in programming languages such as Python, SQL, and VBA.
• Demonstrated experience in trading book management, risk mitigation, and P&L attribution, preferably within a Prime Brokerage or Equities context.
• Excellent interpersonal and communication skills to develop and maintain effective relationships with internal and external stakeholders.
• Deep understanding of financial products, market structures, and regulatory landscape, particularly within equity derivatives or synthetic products.

What Citi can offer you

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 such as:

• 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

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 to be energized to join us, motivated to stay, and empowered to thrive. If you are actively working with clients, have a passion for relationships and want to be part of a successful global franchise – then apply today.

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.

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.

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.

If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

View Citi’s EEO Policy Statement and the Know Your Rights poster.