Spread Product Solutions Structurer, VP

Citigroup Inc.; London; Hybrid; GBP 60,000 - 120,000

Job description

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills to the Spread Products Solutions team. The purpose of the role is to develop, market, structure and execute Spread Products (“SP”) derivative / hedging / funding to the whole range of Markets clients, primarily in EMEA, focusing in the Developed Markets space.

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team/Role Overview

The SP Solutions team is responsible for product development and pricing for clients of Markets. It sits within the Spread Products team, reporting to the Head of Solutions Structuring for Fixed Income. This is a VP level role, and you will be involved in developing, marketing and executing SP solutions ideas, across all types of institutional business mainly focused on EMEA (Developed Markets). Transactions are expected to span across a wide swathe of Spread Products including structured credit, illiquid credit, risk transfer, tail risk hedging for clients, special situations etc. You will also work collaboratively alongside other structurers in the broader Fixed Income structuring team in executing bespoke CLN and repack transactions. The role will involve regular interaction with sales, trading and control teams. A good part of the role involves developing ideas, expanding the boundaries of what is possible through working with trading / sales / control functions. In addition, attention to detail is critical given the focus on understanding complex legal documents.

What you’ll do

• Originate transactions through product pitches / marketing to the sales force and clients
• Lead approval process of new products and bespoke transactions
• Lead execution of mandated transactions
• Be an integral member of a team that will generate product ideas.

What we’ll need from you

• Prior knowledge of structured credit, risk transfer trades, derivative pricing and structured financing.
• Experience of solution type trades is key e.g. SPVs, bespoke transactions, SRT, securitization etc.
• Familiarity with credit markets including public credit, private credit, capital stacks (eg AT1, sub-debt etc)
• Familiarity with pricing of credit derivative and structuring financing trades, highly competent at using spreadsheets, building tools etc.
• Experience of dealing with legal, regulatory and accounting issues (issues, documents, rules, people etc.) is key for this role. Ideally multiple languages
• A quantitative degree in e.g. mathematics, physics, computer science or economics is preferred.

The role provides significant interaction with all sections of Markets in EMEA. In addition, the role involves leading the execution and delivery of bespoke transactions with high senior visibility.

What we 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:

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
• A discretional annual performance related bonus
• Private medical insurance packages to suit your personal circumstances
• 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.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

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.

Job Family Group: Institutional Trading

Job Family: Structuring

Time Type: Full time

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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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