Corporate Credit, Hybrids Trader, Citi

Citi

Location:
United Kingdom, London

Category:
Finance

Contract Type:
Employment contract

Salary:

Not provided

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Job Description:

Citi's Markets business plays a pivotal role in the global financial ecosystem, connecting investors, corporations, and governments to facilitate the flow of capital and manage risk. Our Credit Trading desk is at the forefront of navigating the complexities of credit markets, and the Credit Corporate Hybrids Trader role offers a unique opportunity to contribute to success in this area

Job Responsibility:

Execute trades in Credit Corporate Hybrids, implementing relative value strategies across the capital structure and credit spectrum, analysing market conditions, developing trading strategies, and proactively identifying profitable opportunities
responsible for trading Credit Corporate Hybrids, including but not limited to, preferred securities, subordinated debt, contingent convertibles (CoCos), and other related instruments
manage daily P&L, ensuring accurate reporting, risk capture, and clear explanations of performance drivers, operating within established risk limits and contributing to the ongoing refinement of risk management frameworks
cultivate and expand relationships with institutional clients, understanding their needs and providing tailored solutions
stay abreast of market developments, regulations, and industry trends to inform trading strategies and client interactions, contributing market insights to the team and participating in regular market discussions
leverage existing and contribute to the development of quantitative tools to enhance risk management, identify opportunities, and optimize portfolio performance
collaborate with internal teams and adhere to all regulations and internal policies, ensuring a robust control framework

Requirements:

Proven track record of successfully managing a trading book in credit markets, with a strong preference for experience in Credit Corporate Hybrids
deep understanding of hybrid securities, their unique characteristics, valuation methodologies, and the specific risk factors associated with these instruments
understanding of financial institutions, their capital structures, and the broader credit market dynamics is beneficial
demonstrated ability to build and maintain strong relationships with institutional clients, coupled with excellent communication and interpersonal skills
strong analytical and quantitative abilities, including proficiency with trading platforms, data analysis tools (Bloomberg, Intex, Excel, VBA), and programming skills (Python highly desirable)
thorough understanding of risk management principles and practices, with the ability to identify, assess, and mitigate trading risks effectively
ability to thrive in a collaborative team environment, working across functions, with a strong commitment to ethical conduct and regulatory compliance

What we offer:

27 days annual leave (plus bank holidays)
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

Additional Information:

Job Posted:
July 12, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Corporate Credit, Hybrids Trader