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Markets Treasury - Director Trader (Hybrid)

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Markets Treasury - Director Trader (Hybrid)

Job Purpose:

To work within the Global Markets Treasury Core Currency team based in London, with a specific focus on the management of interest rate and FX risk across all Western European branches. The role requires managing global macro risks across numerous currencies and product classes in order to maximize returns from hedging the underlying accrual banking book risks.

The role encompasses banking book interest rate risk management and hedging, combined with balance sheet liquidity and nostro account management.

Job Background/context:

Markets Treasury is globally responsible for managing Citigroup’s (ICG) Bank liquidity. Markets Treasury manages and hedges significant interest rate and liquidity risk arising from the bank chain balance sheet utilising a range of cash and derivative fixed income products, including a portfolio of high quality fixed income securities. The business additionally engages in selected secured lending activity.

Markets Treasury is the primary interface for users of the bank balance sheet throughout Western Europe, partnering all other bank chain product groups (ICG and Consumer) to facilitate their treasury requirements in order to develop the Treasury franchise, while working within a pre-determined transfer pricing framework, internal Citi liquidity and price risk limits and related policies, along with the external regulatory frameworks applicable to the activities of the business.

Key Responsibilities:

  • To work in the Global Markets Treasury Core Currency team based in London, managing banking book price risk profiles using cash, HQLA assets and derivative products, as appropriate, within permissible regulatory and internal frameworks and risk tolerances, to generate strong, stable returns and to efficiently manage activity.
  • This includes:
    • Day-to-day management of the market risk associated with managing the balance sheet of Western Europe.
    • Delegated management of HQLA under the authority of the Citi Treasurer.
    • Monitoring of resultant liquidity, interest rate and currency risks within approved limits, triggers and ratios.
    • Day-to-day liquidity management of advised activity within regulatory and internal guidance in close coordination with the Regional Corporate Treasury team.
  • To provide BAU and COB support and coverage for other parts of MT as required.

Development Value:

  • The incumbent would gain first-hand experience of working in a multi-product, multi-currency trading environment. The individual will gain valuable knowledge across a wide range of product and regulatory areas.
  • In working closely with the other businesses across the wider ICG business the individual would enhance their book and balance sheet management skills, as well as liquidity and interest rate exposures.
  • The role also gives the opportunity to build general Treasury and business management skills in orchestrating activity across partner and support business groups including TTS, SFS, PBG, GCB, Corporate Treasury, Product Control and the Operations Departments within the ICG.
  • You will become a member of a high visibility team within MSS, with a specific focus of interest rate, FX and liquidity risk management.

Person Specification

Knowledge/Experience:

  • Extensive experience of managing market risk.
  • Strong understanding of macroeconomics in relation to fixed income markets.
  • Strong knowledge of Interest Rate and FX products and markets.

Skills:

  • Effective communication skills
  • Efficient time management
  • Wide-ranging analytical/quantitative skills
  • Appropriately assess risk/reward of transactions when making business decisions, and ensure that all team members understand the need to do the same, demonstrating proper consideration for the firm’s reputation.

Qualifications:

  • Undergraduate Degree.

Competencies

  • Organisational and planning skills
  • Work as part of a broader flexible team

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.

Citi is an Equal Opportunities Employer

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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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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.

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