Convertible Bonds Trader

Overview

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Citi is looking to hire an experienced trader to join the convertible bonds trading desk. Your role as a senior trader will be to price and trade bonds for the Citi franchise and grow the desk's revenue through profitable inventory management and market making, while expanding Citi’s established franchise and distribution footprint. By joining the trading desk for Equities, you will work closely with the primary issuance team on the general convertibles pipeline and help manage the overall book including special situations as well as the market making flow items. This is a fantastic opportunity for an experienced trader who is looking to join a growing franchise with the support of peers across the markets business.

What you will do will be varied day to day, but the key drivers for the role are:

• Join a growing convertible bonds business at Citi, including growing the desk in terms of profitability and size.
• Liaise with sales to develop the franchise, anticipating client demand in each respective product/market.
• Use existing (and help develop) trading dashboards to improve risk management and identify opportunities for revenue generation.
• Work in close partnership with control functions such as Legal, Compliance, Market and Credit Risk, Audit, Finance to ensure appropriate governance and control infrastructure.
• Appropriately assess risk when business decisions are made, demonstrating consideration for the firm's reputation and safeguarding Citigroup, its clients, and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency.

What we will need from you

• This is not an entry level role, so the successful candidate will need to be already experienced in managing risk.
• Will need to have trading experience in Convertible Bonds or closely related products, with a strong revenue generating track record.
• Experience of working closely with Sales, Research, and other organizations across Markets to provide market liquidity and help build the Citi franchise through the monetisation of client flows.
• Clear and concise written and verbal communication 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.

This role will provide you with the opportunity to grow a product line within equities, leveraging a strong franchise and being responsible for running and growing a desk. You will work closely with many senior stakeholders across the markets platform in a bank that offers a diverse career path with global opportunities.

By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model but also receive a competitive base salary, 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

Additional information: This role is a Certified Role, subject to the FCA and PRA Certification Regime. The Certification Regime is part of the Individual Accountability Regime introduced on 7 March 2016. Citi UK regulated entities must ensure employees in specified significant harm functions are assessed as fit and proper. Assessments may include interviews, disclosures, background checks, and other screening. See Citi’s Equal Employment Opportunity policy for details.

Job details

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.

EEO statement: Citi is an equal opportunity employer, and qualified candidates will receive consideration regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law. Accessibility information is available in Citi’s Accessibility page.

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