Equity Forward Trader

Citi presents a compelling opportunity for an ambitious and experienced mid-level trader to join our leading Delta One Equity Forward Trading desk. This is a chance to make a significant impact within a dynamic and collaborative environment, leveraging Citi's extensive franchise and distribution network. You will play a key role in pricing and trading a diverse range of equity forward products, contributing directly to the desk's revenue growth and further solidifying Citi's position in the market.

This role offers exceptional growth potential, providing the opportunity to manage your own book and P&L. You will gain exposure to sophisticated trading strategies, cutting-edge technology, and a network of industry experts. If you are a driven individual with a passion for financial markets and a proven track record in trading, this is an ideal opportunity to advance your career within a world-class financial institution.

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

• Price and execute equity forward trades and other delta one instruments, ensuring optimal execution and minimizing market impact while focusing on achieving a delta of one to replicate the performance of underlying equity indices or baskets.

• Manage the portfolio's delta risk using dynamic hedging strategies with underlying index futures, ETFs, or single stock components, continuously monitoring and adjusting hedges to maintain a delta-neutral position.

• Manage financing costs for long and short positions and accurately incorporate dividend payments from underlying index constituents into pricing and hedging strategies.

• Handle complex corporate actions impacting underlying indices or baskets, ensuring proper adjustments to forward contracts and hedging positions.

• Collaborate with Sales and structuring teams to understand client needs and tailor delta one solutions for their hedging or investment objectives.

• Implement and monitor risk management strategies, including gamma and vega management, and conduct stress tests to assess portfolio resilience.

• Analyze market conditions, news flow, and macroeconomic factors to identify trading opportunities and inform pricing decisions.

• Contribute to developing and enhancing trading systems and quantitative models for pricing, hedging, and risk management.

What we will need from you:

• Demonstrate a history of successful trading book management or close collaboration with a trading team (this is not an entry-level position).

• Possess a deep understanding of equity derivatives, particularly forwards and swaps, focusing on delta one strategies.

• Have strong analytical and quantitative abilities to price complex instruments, manage risk, and develop trading strategies.

• Exhibit excellent written and verbal communication skills to build and maintain stakeholder relationships.

• Maintain a strong understanding of Bloomberg, booking systems, trading protocol, and closing procedures.

• Proficiency in Python, VBA, Bloomberg, and Excel is highly desirable.

What we will provide you:

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 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

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.

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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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.