Exotics Single Stocks Trader (Equities)
Citi · London, United Kingdom · 1d ago
At Citi Markets, we win together. In a rapidly changing world, our shared vision gives us the clarity, agility and global perspectives we need to shape the future. That's why collaboration plays a central role in how we deliver for clients, develop our people, and grow our business. Our Equities franchise operates across every major financial centre, providing clients with comprehensive access to cash markets, derivatives, prime services, and structured solutions. Our operation is uniquely global. Our client list is remarkably varied. Our product range is incredibly broad. From vanilla flow to complex structured products, we deliver institutional-grade execution, risk management, and tailored solutions that meet the evolving needs of asset managers, hedge funds, wealth platforms, corporates, and retail distribution networks worldwide.
The Exotics Single Stocks Trader plays a pivotal role within Citi's Equity Derivatives franchise, overseeing a sophisticated trading book focused on Single Stocks and Custom Indices across both vanilla and exotic derivatives products. This is a revenue-generating, client-facing VP-level position that demands exceptional market acumen, risk management discipline, and the ability to anticipate and respond to institutional and retail client demand in fast-moving markets. You will be responsible for actively trading the book to deliver budgeted P&L targets, managing multi-dimensional risk exposures (delta, gamma, vega, correlation, and dividend), and collaborating across Sales, Structuring, and other trading desks to build and expand the franchise. This role offers significant autonomy, strategic influence, and the opportunity to shape product innovation in one of the industry's most dynamic asset classes.
Primary Responsibilities
- Trade and manage the Single Stocks Exotics book, delivering consistent revenue generation while actively managing multi-dimensional risk (delta, gamma, vega, correlation, forward, financing and earnings/event risk) across exotic and vanilla products linked to stocks and custom indices
- Provide competitive two-way pricing and market-making for institutional and retail client flow, including structured products, autocallables, dispersion trades and light exotic products, ensuring execution quality and risk capture
- Anticipate and respond to client demand across both retail and institutional markets, partnering closely with Sales and Structuring to develop innovative custom baskets and tailor strategies that address evolving client needs
- Establish and maintain strategic relationships with key internal stakeholders (Sales, Quantitative Research, Technology, Operations) and external counterparties to generate flow, optimize execution, and drive franchise growth across regional markets
- Coordinate cross-desk collaboration with Delta One, Flow Derivatives, Volatility Trading, and Prime Finance teams to manage inter-book risk, optimize hedging strategies, and capitalize on inter-asset opportunities, ensuring seamless client experience and operational efficiency
- Lead rigorous governance, controls, and compliance standards, partnering with Legal, Compliance, Market Risk, Credit Risk, Audit, and Finance to ensure robust risk frameworks, transparent escalation protocols, adherence to Citi's Code of Conduct, and safeguarding of the firm's reputation through sound ethical judgment and regulatory compliance
- Manage corporate action events and contract adjustments across the single-stock derivatives book, assessing their implications on pricing and hedging.
- Partner with Sales to structure and execute bespoke risk-recycling solutions with institutional clients.
What We Need from You
- Direct trading or structuring experience in Equity Derivatives, with demonstrable expertise in exotic products, single stocks derivatives, custom indices and multi-asset risk management within a fast-paced, institutional trading environment
- Advanced quantitative and analytical competency, including deep working knowledge of options pricing theory, stochastic volatility models, correlation dynamics, dividend forecasting, and the ability to deconstruct complex payoffs and perform real-time risk scenario analysis
- Strong technical proficiency with Bloomberg Terminal, trading platforms; familiarity with Python, VBA, or other programming languages for trade automation and analytics is highly valued
- Exceptional interpersonal and communication skills to build and sustain relationships with internal stakeholders and external clients, articulate complex risk/reward trade-offs clearly, and collaborate effectively across Sales, Structuring, Technology, and Control functions
- Proven ability to analyze market conditions, pitch structured solutions, and identify suitable counterparties, demonstrating commercial acumen, creativity in product design, and sound judgment in balancing revenue objectives with prudent risk management
- Bachelor's degree in Finance, Economics, Mathematics, Engineering, or a related quantitative discipline; a Master's degree (MSc, MFE, MBA) or relevant professional certifications (CFA, FRM) is preferred and demonstrates commitment to continuous professional development
What Citi Can Offer 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------------------------------------------------------
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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