Repo Trader

5 months ago

London, United Kingdom Citi Full time

**Job Background/context**:
Working in the Repo/Finance department as part of the Fixed Income division, funding the firm’s long and short government or credit bond positions and making markets on repo on European government or credit bonds to the desk’s client base.

**Key Responsibilities**:

- Being a repo sales trader for the structured credit and credit bond markets.
- Funding the firm’s Fixed Income positions in these markets (longs and shorts) on an overnight and term basis.
- Responsible for the funding activity and associated liability management in partnership with Corporate Treasury.
- Managing client balance sheet allocations, and maintaining b/s netting ratios.
- Adhere to firm policies and procedures, regulatory and legislative requirements
- Emerging market structuring, liquidity and capital optimisation
- Originate, price and work on complex structured transactions in partnership with key clients and internal stakeholders
- Strengthening core client management activities in region and assisting with cross-markets initiatives to produce greater coordination between businesses.

**Development Value**:
The role affords a rare insight into the full range of activities of a fixed income/Rates division. It brings the holder into daily contact with all the production departments as well as product control, corporate treasury and operations. It involves exposure to all levels of management and a wide cross section of the firm’s clients.

**Person Specification**

**Knowledge/Experience**:

- Prior repo experience, preferably in Structured Credit, EM or credit bond markets. Govt bond experience is also valuable
- Knowledge of EMEA bond markets in general (characteristics of individual markets, major participants etc.)
- Understanding of term and overnight indexed swaps, interest rate futures.
- Familiarity with the firm’s Platinum client objectives
- Managing client balance sheet allocations, and maintaining b/s netting ratios

**Skills**:
The following skills would be desirable, but not necessary, as full training will be provided:

- Understanding of bond price calculations, including accrued coupon, accrued interest on repos and bond forward price calculations.
- Understanding of Forex swaps and their uses.
- Understanding of the settlement mechanisms of European Government and credit bonds.
- Client relationship management skills and ability to understand client funding requirements and provide solutions that would benefit the client and the firm

**Qualifications**:

- University education.
- Regulatory registered.

**Competencies**

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.

If hired for this role, you will also be required to complete an annual declaration regarding your Fitness and Propriety.
- **Job Family Group**:
Institutional Trading
- **Job Family**:
Trading
- **Time Type**:
Full time
- Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

View the "**EEO is the Law**" poster. View the **EEO is the Law Supplement**.

View the **EEO Policy Statement**.

View the **Pay Transparency Posting

  • Credit Repo Trader

    1 month ago

    London, Greater London, United Kingdom Selby Jennings Full time

    Repo Trader Job DescriptionOur client, a global investment bank, is seeking an experienced and driven Structured Repo Trader to lead their Repo Trading team. This permanent position offers an exceptional opportunity for those passionate about navigating Structured Credit Trading landscapes.Key Responsibilities:Execute trades efficiently while maintaining...

  • Associate, Repo Trader

    5 months ago

    London, United Kingdom CIBC Full time

    We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients. At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are...

  • Senior Structured Repo Trader

    4 weeks ago

    London, Greater London, United Kingdom Selby Jennings Full time

    Job SummaryWe are seeking an experienced Structured Repo Trader to lead our Repo Trading team in financing activities related to repurchase agreements (repos) concerning various credit products. As a key member of our team, you will be responsible for executing trades efficiently while maintaining compliance with all regulatory requirements.Key...

  • Fixed Income Repo and Finance Trader

    5 months ago

    London, United Kingdom ING Full time

    Department Overview: - Financial Markets (FM) is the Bank’s gateway to the professional markets around the world. Our primary function is to service the needs of ING’s clients with products, services and guidance. FM aims to be a significant player, at the front of the market, with an additional presence in all the major international markets and...

  • 12 Month Internship

    5 months ago

    London, United Kingdom Crédit Agricole CIB Full time

    Job description **Business type**: - Types of Jobs - Corporate & Investment Banking **Job title**: - 12 Month Internship - Credit Repo **Contract type**: - Internship/Trainee **Term (in months)**: - 12 Months **Job summary**: **Summary** - Assist RSF Credit Repo traders in the daily activities of the desk and work on improving the tools and...

  • 12 Month Internship

    5 months ago

    London, United Kingdom Crédit Agricole CIB Full time

    **Description du poste**: **Summary** Assist RSF Credit Repo traders in the daily activities of the desk and work on improving the tools and processes. **Key Responsibilities** - Support the Credit Repo Traders in their day to day activity of trading repo products - Assist in the monitoring and management of risk positions - Help maintain current tools and...

  • Associate/associate Director, Credit Repo Trader

    5 months ago

    London, United Kingdom HSBC Full time

    -Job description If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further. HSBC Global Banking and Markets is an emerging markets-led,...

  • Senior Structured Credit Trader

    7 days ago

    London, Greater London, United Kingdom Selby Jennings Full time

    We are seeking a highly skilled and experienced Structured Repo Trader to lead our Repo Trading team. As part of our dedicated team, this role will involve actively managing financing activities related to repurchase agreements (repos) concerning various credit products.Key Responsibilities:Execute trades efficiently while maintaining compliance with all...

  • Experienced Trader

    1 month ago

    London, Greater London, United Kingdom Squarepoint Capital Full time

    We are seeking a skilled Financial Trader to join our team at Squarepoint Capital in London, focusing on equity financing, repo trading, and global financing optimization.Key Responsibilities:Manage the team's EFP book effectivelyAssist in monitoring and managing firmwide repo funding needsLiaise between counterparts and the operations team to facilitate...

  • Experienced Trader

    1 month ago

    London, Greater London, United Kingdom Squarepoint Capital Full time

    We are seeking a skilled Financial Trader to join our team at Squarepoint Capital in London, focusing on equity financing, repo trading, and global financing optimization.Key Responsibilities:Manage the team's EFP book effectivelyAssist in monitoring and managing firmwide repo funding needsLiaise between counterparts and the operations team to facilitate...

  • Collateral Trader

    3 weeks ago

    London, Greater London, United Kingdom Crédit Agricole CIB Full time

    Job Title: Collateral TraderJob Summary:We are seeking a skilled Collateral Trader to join our team at Crédit Agricole CIB. As a Collateral Trader, you will be responsible for trading within authorized limits on the Collateral desk, pricing adjustments for the GMD derivatives business, and improving the infrastructure of XVA computations.Key...

  • Treasury Trader Position

    4 weeks ago

    London, Greater London, United Kingdom CLSA Global Markets Pte Ltd Full time

    Key ResponsibilitiesAs a Junior Treasury Trader at CLSA Global Markets Pte Ltd, you will be responsible for executing IR and FX derivatives trades, ensuring pre- and post-trade compliance, and working on research and development of IR/ Credit/Repo trading strategies.Key Areas of FocusExecute trades in IR and FX derivatives, ensuring compliance with pre- and...

  • Senior Structured Credit Trader

    1 month ago

    City Of London, United Kingdom Selby Jennings Full time

    Our client, a leading global investment bank, is expanding its structured credit capabilities and seeks an experienced and driven Structured Credit Trader to lead this area within their Credit Repo Trading team. This permanent position offers an exceptional opportunity for those passionate about navigating complex financial landscapes. Key...

  • Credit Trader

    1 month ago

    London, Greater London, United Kingdom ING Full time

    Your Work EnvironmentING's Financial Markets (FM) is the gateway to the professional markets around the world. Our primary function is to service the needs of ING's clients with products, services, and guidance.Your RoleThe role is a temporary Trader for our Repo desk in London for Global Securities Finance (GSF). You will join an existing team of traders...

  • Credit Trader

    1 month ago

    London, Greater London, United Kingdom ING Full time

    Your Work EnvironmentING's Financial Markets (FM) is the gateway to the professional markets around the world. Our primary function is to service the needs of ING's clients with products, services, and guidance.Your RoleThe role is a temporary Trader for our Repo desk in London for Global Securities Finance (GSF). You will join an existing team of traders...

  • Senior Structured Credit Trader Leader

    4 weeks ago

    City Of London, United Kingdom Selby Jennings Full time

    Our client, a leading global investment bank, is expanding its structured credit capabilities and seeks an experienced and driven Structured Credit Trader to lead this area within their Credit Repo Trading team. This permanent position offers an exceptional opportunity for those passionate about navigating complex structured credit landscapes.Key...

  • Global Collateral Trader

    3 weeks ago

    London, Greater London, United Kingdom Crédit Agricole Group Full time

    Job Summary:We are seeking a skilled Collateral Trader to join our team at Crédit Agricole Group. As a key member of our global team, you will be responsible for managing our derivatives collateral portfolio, including trading within authorized limits, pricing adjustments, and improving infrastructure.Main Responsibilities:Pricing of XVAs and profitability...

  • Junior Treasury Trader, Treasury

    6 days ago

    London, United Kingdom CLSA Global Markets Pte Ltd Full time

    Junior Treasury Trader, Treasury Location: Hong Kong Time Type: Full Time Posted On: Posted Yesterday Job Requisition ID: JR000905 Key Areas of Responsibilities Execute IR and FX derivatives trades; ensure pre- /post- trade compliance; London/NY time trading may be required Execute bond and repo trades; ensure pre- /post- trade...

  • Securities Financing Trader

    4 weeks ago

    London, Greater London, United Kingdom Macquarie Bank Limited Full time

    About the RoleWe are seeking a highly skilled Securities Financing Trader to join our team at Macquarie Bank Limited. As a key member of our Commodities and Global Markets division, you will be responsible for trading Repo and Securities Lending to manage funding, liquidity, collateral, and regulatory metrics for our markets-facing businesses across Equities...

  • Securities Financing Trader

    4 weeks ago

    London, Greater London, United Kingdom Macquarie Bank Limited Full time

    About the RoleWe are seeking a highly skilled Securities Financing Trader to join our team at Macquarie Bank Limited. As a key member of our Commodities and Global Markets division, you will be responsible for trading Repo and Securities Lending to manage funding, liquidity, collateral, and regulatory metrics for our markets-facing businesses across Equities...