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 job involves working occasionally to tight deadlines under pressure, so candidate must be able to cope with such an environment. Important to be able to prioritise effectively as there is often a complex set of seemingly conflicting priorities. The job involves talking to a broad range of departments and external counterparties in several countries and across many cultures and to people of different experience and seniority levels, so good communication skills are a must. The job also involves a great degree of responsibility and autonomy, so self-motivation and a good sense of personal responsibility is very important.
Candidates applying for this role must be aware that it is a Certified Role, subject to the Certification Regime.
The Certification Regime is one element of the Individual Accountability Regime which has come into effect on 7 March 2016.
Under the Certification Regime, certain 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, certain 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, reference checks, credit checks and other background checks.
If hired for this role, you will also be required to complete an annual declaration regarding your Fitness and Propriety.
By submitting your application, you acknowledge that you have read the information above and that you are applying for a Certified Role. You also agree to Citi carrying out any additional screening required, including permitted criminal record checks, reference checks, credit checks and any other background checks.
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Job Family Group:
Institutional Trading
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Job Family:
Trading
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Time Type:
Full time
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