Credit Algo Trader

Drive the future of Credit Trading. Citi is seeking a highly talented and experienced Credit Algo Trader to join our cutting-edge European Algo Credit Trading desk. This is your chance to manage a significant franchise book, contribute to the growth of a market-leading business, and shape the future of automated credit trading. If you possess a deep understanding of credit products, advanced quantitative skills, and a proven track record of generating P&L, this is your opportunity to make a real impact.

What you will do will be varied day to day, but the key drivers for the role are:

• Algo Management & Enhancement: Develop expert-level understanding of the algorithmic trading framework's decision-making logic and parameter adjustments, proactively monitoring performance, identifying issues, and collaborating with the Quant team on enhancements and optimizations, including contributing improvement ideas and providing market-based feedback.

• Trade Facilitation & Client Engagement: Responsibly monitor algo activity; engaging with clients, sales, and traders to facilitate single bond trades, managing RFQs, executing trades, and ensuring smooth operations, while building and maintaining key client relationships aligned with desk strategy.

• Portfolio & ETF Trading: Facilitate portfolio trades, communicate portfolio axes effectively to clients, and manage ETF creation/redemption activities, understanding and managing associated risks and opportunities.

• Risk Management & Best Practices: Implement best-practice risk management techniques for responsible trading and franchise protection, positively influencing other traders through exemplary risk management and contributing to a positive desk culture.

• Stakeholder Collaboration & System Development: Work with stakeholders to enhance operational efficiency, develop robust market-leading systems, and collaborate with control functions (Legal, Compliance, Market & Credit Risk, Audit, Finance) to ensure regulatory compliance and adherence to internal policies.

• Culture, Leadership & Regulatory Compliance: Foster a positive, collaborative culture within the team and with sales partners, promoting responsible finance, governance, supervision, expense discipline, ethical conduct, and maintaining required registrations/licenses.

What we will need from you

• Proven experience in credit trading, including managing risk and generating P&L, preferably as a Lead Algo Credit Trader

• Deep understanding of EUR/USD corporate/government bonds, automated market making, and related ETFs.

• Strong quantitative skills, including coding (Python, q/KDB, Scala preferred), mathematical modelling, and data analysis. . Experience with machine learning in trading is a plus.

• Excellent communication, interpersonal, and stakeholder management skills, with a proven ability to build and maintain strong internal and external relationships.

• Comprehensive knowledge of trading systems, including Bloomberg, booking systems, trading protocols, and closing procedures.

• Bachelor’s degree/University degree or equivalent experience. A Master’s degree in a relevant field is desirable

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.

If you are actively working with clients, have a passion for relationships and want to be part of a successful global franchise – then apply today.

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Candidates applying for this role must be aware that it is a Certified Role, subject to the FCA and PRA Certification Regime.

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.

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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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Most Relevant Skills

Please see the requirements listed above.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

 

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