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Citi's Markets Spread Products business is a dynamic and exciting area within our global organization. We are dedicated to providing clients with innovative solutions and market expertise in credit trading, helping them navigate complex market conditions and achieve their financial goals. As a leader in financial services, Citi offers a collaborative environment with opportunities for professional growth and development.
We are currently seeking a highly motivated and experienced Credit Sector Specialist to join our HY team in Europe. This Director-level position offers the opportunity to generate market commentary and trade ideas on issuers and securities, directly contributing to the team's P&L. You will collaborate closely with the Trading team, leveraging your expertise to identify and capitalize on market opportunities while developing and maintaining client relationships.
What you will do will be varied day to day, but the key drivers for the role are:
Lead coverage, analysis, and commentary on HY rated issuers/securities within your assigned area, generating market commentary, trade ideas, and internal content to inform sales/trading on market-moving news and views.
Monitor desk risk positions, generate trade ideas, and identify P&L opportunities.
Provide regular updates to sales/trading on market news and sector views through participation in weekly sales meetings and distribution of written commentary.
Review legal documentation related to capital instruments and maintain a strong understanding of relevant industry sectors.
Develop financial models, including scenario analyses and securities valuations, considering potential restructuring scenarios and capital structures.
Conduct comprehensive company due diligence, including assessments of new issuances, and represent Citi at company/industry presentations.
Develop and maintain strong client relationships through regular communication and periodic travel, while adhering to Citi's Code of Conduct and relevant risk and control frameworks.
Team management and mentoring responsibilities
What we will need from you:
Proven experience in a similar role, demonstrating a deep understanding of credit trading and credit fundamentals.
Strong Excel/financial modelling skills, experience with relative value analysis, bond market technical, and financial statement analysis.
Ability to thrive in a fast-paced trading environment, working independently with limited direction and adapting quickly to changing market conditions.
Excellent written and verbal communication skills.
Bachelor's degree/University degree or equivalent experience.
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 but also receive a competitive base salary, 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.
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------------------------------------------------------
Job Family:
Trading------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Please see the requirements listed above.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
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