Citi Structurer in London, United Kingdom
Primary Location: United Kingdom,England,London
Education: Bachelor's Degree
Job Function: Trading
Shift: Day Job
Employee Status: Regular
Travel Time: No
Job ID: 18016900
To assist the Solutions teams in bringing new products to market, including structuring aspects that relate to legal, tax and treasury/liquidity questions. Keeping abreast of regulatory developments, to provide front-office focused updates on those developments and importantly to ensure business continuity across MAG platforms; as well as to consider and pursue opportunities arising from such changes.
The job requires the provision of business input into operation of issuance programmes to reflect business requirements; assisting Sales and Structuring to address Treasury, Legal and Tax questions that arise in relation to specific structured notes traded across multiple asset classes and issuance programmes.
The role also includes leading and facilitating new product approval applications and meeting other internal Citi controls and approval processes.
The MAG Complex and Issuance Solutions teams work closely together to maintain and expand Citi’s structured note, warrant, fund and OTC wrappers for offering Equities, FX, Hybrids and Commodities products across a range of issuance programmes. A full front to back knowledge of the business is required, with specific emphasis on treasury, liquidity, tax, legal and related regulatory framework applicable to such issuance. To accomplish this we work closely with Sales, Trading and many other groups both within Markets and outside (including Treasury, Finance, Legal, Tax, Technology and Middle Office).
Work with Sales and Structuring to understand requirements and identify platform gaps/risks that need to be addressed
Assist with the development of platform infrastructure and capabilities
Monitor regulatory developments relating to capital and liquidity requirements, structured note issuance and derivatives, as well as US and EU changes to withholding tax and source rules, to assess their impact on MAG products
To inform MAG Business, as well as Sales and Trading, of limitations / rules relating to the above as a complement to more formal and detailed guidance from Control Functions, and to work with relevant control functions in preparing such material
Develop platform to facilitate liquidity measurement and management on structured note issuances with due consideration to margining, hedging, capital constraints
Work with sales to increase our penetration of regional end investors and intermediaries
Multi Asset structuring skills
Expertise in Equity, FX, Commodity, and Hybrid structured products
Regulatory / legal, tax and treasury/finance expertise
Risk management understanding
Project management expertise with issuance programme platform development – working both with front office partners (structuring / sales / trading) and other business partners (Finance, IT, Legal, Ops)
Knowledge of the regulatory landscape, with a focus on the retail space is required
Candidates should have experience of internal approval processes at major financial institutions
Specialised knowledge of derivative models, issuance platforms and infrastructure is required
University degree + post-graduate qualification
Chartered Accountant / CFA / Lawyer
Candidates are required to have strong accounting, tax and legal knowledge relating to structured products, especially as these affect US and European issuers
Candidates should have an understanding of Reg W, Dodd-Frank and Volcker Rule, EMIR, MiFID, Basel, CRR as well as resolution planning and related US/EU rules especially as they pertain to structured notes issuance
Structuring and financial modelling skills are recommended
Legal and Treasury expertise on derivatives, structured notes
Highly motivated and able to work on own initiative
Able to work under pressure and meet deadlines
Written and oral communication, presentation and interpersonal skills
Persistence and aptitude for seeking solutions
Strong organisational ability, to work on multiple projects simultaneously
Candidates applying for this role must be aware that it is a Certified Role, subject to the Certification Regime. The Certification Regime is one element of the Individual Accountability Regime which has come into effect on 7 March 2016. Under the Certification Regime, certain 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, certain 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, reference checks, credit checks and other background checks. If hired for this role, you will also be required to complete an annual declaration regarding your Fitness and Propriety.
By submitting your application, you acknowledge that you have read the information above and that you are applying for a Certified Role. You also agree to Citi carrying out any additional screening required, including permitted criminal record checks, reference checks, credit checks and any other background checks.
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add values to decisions or actions and organisational success.
Citi is an Equal Opportunities Employer