The EMEA Power Gas and Emissions trading business has seen rapid growth of customer activity due to the growth in global gas availability in the form of LNG (Liquified Natural Gas) and the push for renewable energy to meet CO2 targets in the European Union. This has created demand for structured products to better monetize LNG contracts, Power Generation Assets and hedging of Emissions Allowance exposures.
Developing innovative structured transactions to solve client needs with corporate clients holding physical exposure with embedded optionality, or asset managers/hedge funds who can benefit from tactical or enhanced yield opportunities in Power Gas and Emissions.
Managing approval and booking processes for bespoke trades in Commodities Exotics systems.
Running and analyzing the risk of the Options portfolios across Power and Gas business, and developing optimal hedging to manage risk that can't be traded out in vanilla form.
Correctly analysing and pricing liquid and illiquid risk components of trades.
Working with risk and MQA teams to optimize pricing and risk models, funding and FVA management, rates/commodities cross-gamma, as well as improving analytical tools for all of these.
Extensive years of experience in trading exotic derivative trades in commodities
Extensive years of experience in investor and hedge fund structuring and pricing, including securitised products
Extensive years of experience in pricing illiquid risk, working with valuations team/MQA/finance/risk support functions. Understanding of differential discounting, funding and FVA exposures.
Quantitative background with expert proficiency in Excel
Proficiency in VBA or a programming language is a plus (specifically Python)
Organized, with attention to detail and ability to multi-task
Willingness to work in a demanding team-oriented environment
Very strong interpersonal and communication skills, to deal with internal/external traders/sales/research
Education - Bachelor or Master Degree in Finance and/or Engineering/Science/Math
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
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 value to decisions or actions and organisational success. Citi is an Equal Opportunities Employer
Internal Number: 5900628
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