Trader | Citi

  • Trader | Citi
  • 2 years ago

Job Description

Citi is hiring for a Trader. Apply Now!

Job Description
Intermediate level position responsible for assisting with a trading book and mitigating risk, in coordination with the Equities Trading team. The overall objective of this role is to process trades for a trading book and achieve revenue targets, execution of orders and management of risk positions.

Job Background
Part of the SA cash equity trading team that forms part of the CEEMEA franchise managed out of London.

Will work closely with colleagues in SA, UK and NY. Will work as part of the trading platform in Johannesburg, which will require extensive interface with London to ensure that it is abreast of the latest technology offering and client requirements. Will have the opportunity to build relationships with institutional clients, both domestically and internationally. Expected to understand and manage risk effectively.

Key Responsibility:
Execution of Equity agency client orders
Generation of client business through “facilitation” and managing risk accordingly
Maximise retention ratios and delivery of “best execution” from client’s perspective
Trade a book and deliver on budgeted revenues and manage associated risk
Positioning book according to where we believe we can most effectively maximize commission
Demonstrate Discipline around trading positions, operational competence, high intensity work rate
Back-up regarding London and New York liquidity and arbitrage trading (ADRs and UK dual ordinary shares)
Back-up for the stock loan/borrowing functions of the business
Establish and maintain key internal and external relationships to deliver trades to the desk
Obtain and maintain all registrations/licenses which are required for your role, within the appropriate timeframe
Adhere to all policies and procedures as defined by your role which will be communicated to you

Person Specific
Detailed knowledge of capital markets, specifically listed equity
Relevant work experience with proven track record executing trades, managing risk and interacting with clients.
Recognised tertiary qualification
Post graduate / professional qualification(s) beneficial
South African Regulations: SAIFM modules. Successful completion of JSE trader Examination, Registered Trading ID beneficial.
Knowledge of Bloomberg, booking systems, trading protocol, SA Market technicalities

Required Skills
Advance knowledge of Excel – pivot tables, macros
Basic Knowledge of SQL, Python beneficial
Numerical competency is essential, as is a high work rate, goal- orientated mind-set and ability to thrive in a highly competitive environment
Dynamic self-starter
Good Communication skills
Motivated and Driven
Team Player

Job Family Group: Institutional Trading
Job Family: Trading
Time Type: Full time

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.
Citigroup Inc. and its subsidiaries (“Citi”) invite all qualified interested applicants to apply for career opportunities. 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.

Closing Date: 26 August 2022
Location: Sandton
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