Single Stock Exotic Equity Trader
2 weeks ago
As a Single Stock Exotic Equity Trader, you will play a pivotal role in pricing, structuring, and trading a diverse range of single stock exotic equity products, including autocallables, barrier options, and other non-vanilla instruments. You will work within a collaborative environment, where you will be managing your own book and P&L generating strong revenues through client focus, risk management, and inventory optimization. You will be a key point of contact for guiding technology and quantitative analytics teams in developing and implementing systems that streamline processes and incorporate the latest market innovations. You will also focus on risk recycling initiatives and actively participate in upgrading the equity derivatives infrastructure.
This is not just a job; it’s a career-defining opportunity to help lead the European structured equity derivatives trading (single stocks) activity. You'll be empowered to grow a product line within equities, leveraging Citi's robust franchise, extensive resources, and wide range of institutional clients. You'll collaborate closely with senior stakeholders across the market’s platform, gaining invaluable experience and building a powerful network. This role provides a clear path for professional growth and advancement within a global financial institution, with opportunities to contribute to developing our distribution footprint and growing the franchise.
**What you will do**:
- Manage a portfolio of single stock derivatives across specific sectors in European developed markets, providing liquidity and facilitating business for institutional clients.
- Provide daily P&L reporting, ensuring accurate risk capture and clear articulation.
- Collaborate with Technology and Quantitative Analytics to enhance trading systems, adapt to new technologies, and streamline processes.
- Partner with Sales and Structuring to expand the franchise, anticipating and meeting client, identifying business opportunities, and bringing structured solutions to the market.
- Utilize and develop trading dashboards to improve risk management, identify revenue opportunities, and optimize inventory.
- Collaborate with control functions (Legal, Compliance, Risk, Audit, Finance) to ensure robust governance and control infrastructure.
**What we will need from you**:
- Proven track record in trading book management with a history of successful revenue generation as part of a trading desk.
- Expertise in pricing equity exotic options.
- Experience collaborating with Sales, Research, and other teams to enhance market liquidity and grow the Citi franchise through the monetization of client flows.
- Excellent written and verbal communication skills, fostering strong internal and external stakeholder relationships.
- Knowledge of VBA and Python will be considered a plus.
**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 (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 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.
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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 Gr
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