Systematic Credit Trader

Citigroup Inc.; United States; Hybrid; USD 158,000 - 251,000; Full time

Benefits offered by this job

27 days annual leave

Discretional bonus

Private medical & life insurance

Employee assistance program

Pension plan

Parental leave

Learning resources access

Job summary

Citigroup Inc. seeks a Systematic Credit Trader to join the European Systematic Spread Trading Desk in London. You will own a franchise book, collaborate with traders and quants, and drive revenue through advanced pricing and risk management.

The role requires experience in EUR/USD bonds, ETFs, and automated market making, with a strong coding and analytics background. You will work in a hybrid setup with a mix of on-site and remote work, engaging with sales, clients and internal controls to

Qualifications

• Bachelor's degree or equivalent experience required; master's preferred.
• Strong coding, quantitative and data-analytic capabilities.
• Excellent communication and client engagement skills.

Responsibilities

• Understand the Algo framework, adjust trading parameters based on market conditions, and provide feedback to the Quant team.
• Monitor Algo activity and engage with clients, sales and traders to facilitate single bond trades.
• Facilitate portfolio trades, communicate portfolio axes, and support ETF creation/redemption processes.
• Develop and promote the Custom Baskets business.
• Build a strong franchise and relationships with key clients aligned to desk strategy.
• Collaborate with Legal, Compliance, Market/Credit Risk, Audit and Finance to improve controls.
• Foster responsible finance culture, governance and ethics; maintain required registrations/licenses.
• Prior experience in EUR/USD, Corporate/Government Bonds automated market making or related ETFs is required.

Skills

Advanced coding

Mathematical skills

Data analytics

Communication skills

Bloomberg knowledge

Education

Bachelor's degree or equivalent experience

Master's degree preferred

Tools

Bloomberg

Booking systems

Trading protocol

Job description

Citi is looking to hire a Systematic Credit Trader to sit within Citi's European Systematic Spread Trading Business. The Systematic Spread Trading Business spans across Single Line Bond Request for Quotes (RFQs), Automated Market Making, Portfolio and Liquid Baskets Trading, Credit Index Futures Trading, Fixed Income ETF Market Making Credit and Rates, as well as Fixed Income ETF Creation Redemption Credit and Rates. The successful candidate will join a team of 3 traders and 8 quantitative analysts. You will work in conjunction with the trading team to deliver on revenue and franchise goals, and with key stakeholders to continue the growth of the business. You will deploy best practice on pricing and risk management in a fashion that positively influences other traders on the desk and to contribute to a positive culture on the desk and with the sales partners. This is a fantastic opportunity for an experienced trader who is looking to take ownership of a franchise book and drive the business forward with the support of their peers across the markets business. What you will do will be varied day to day, but the key drivers for the role are:

• Build a deep enough understanding of the Algo framework to understand its decision making process, adjust trading parameters based on market conditions, and give valuable feedback to the Quant team highlighting potential issues or simply contribute ideas on how to improve the framework.
• Responsibly monitor the Algo activity and manually engage with clients, sales team and traders on the desk to facilitate single bond trades.
• Facilitating portfolio trades, and communicating portfolio axes to clients, as well as facilitating ETF creation and redemptions.
• Develop and promote the Custom Baskets business.
• Build and maintain a franchise and connect with key clients in a fashion that fits with desk's strategy and target clients.
• Work with key stakeholders to improve the operational efficiency of the business, developing robust and market leading systems
• Work in close partnership with control functions such as Legal, Compliance, Market and Credit Risk, Audit, Finance
• Build a culture of responsible finance, good governance and supervision, expense discipline and ethics
• Obtain and maintain all registrations/licenses which are required for your role, within the appropriate timeframe
  This is not an entry level role, so the successful candidate will need to be already managing risk and have in depth knowledge of respective products and clients.
• Prior Experience in EUR/USD, Corporate/Government Bonds automated market making or their corresponding ETFs is also required.
• This role requires advanced coding, mathematical and data analytical skills.
• Good communication skills and effective interpersonal skills to develop and maintain relationships with internal and external stakeholders.
• A strong understanding of Bloomberg, booking systems, trading protocol, closing technicalities.

Education

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

Working at Citi is far more than just a job. A career with us means joining a team of approximately 219,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community and make a real impact. 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:

Benefits

• 27 days annual leave (plus bank holidays)
• A discretional 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