European Collateralized Loan Obligation (CLO) Trader Job at Citi (London)

Job Responsibility

Manage and develop a CLO trading book, with a primary focus on European CLO mezzanine and equity tranches
execute trades, manage risk positions, and deliver on budgeted revenue targets with disciplined risk management and sound commercial judgment
Build and maintain client and counterparty relationships, anticipating demand across the CLO capital structure, facilitating large institutional trades, and acting as a credible and trusted market presence for investors, CLO managers, and other key participants
Coordinate closely with Sales, Research, Structuring, and other internal stakeholders across Markets and Securities Services to develop the franchise, support primary CLO transactions, and identify secondary market opportunities
Lead governance and controls responsibilities in partnership with Legal, Compliance, Market and Credit Risk, Audit, and Finance
uphold Citi's Code of Conduct and the Plan of Supervision for Global Markets and Securities Services, and ensure all risk/reward assessments reflect appropriate consideration for the firm's reputation
Mentor and support junior members of the trading desk, providing guidance on trade execution, market analysis, and professional development, while contributing to a culture of accountability, transparency, and responsible finance
Monitor and analyse CLO market dynamics, including collateral quality, tranche valuations, coverage tests, waterfall structures, and macro credit trends, translating insights into actionable trading decisions and strategic recommendations for the desk

Requirements

Proven experience in a structured credit or CLO-related trading, portfolio management, or syndication role at a financial institution, with demonstrable experience managing or contributing to a trading book
In-depth knowledge of CLO structures, including mezzanine and equity tranche dynamics, waterfall mechanics, overcollateralisation and interest coverage tests, and the broader European leveraged loan market that underpins CLO collateral pools
Proven track record of client engagement and franchise development, with the ability to identify counterparties, pitch trade ideas, and build lasting relationships with CLO managers, institutional investors, and other market participants
Strong analytical and quantitative capability, including proficiency with CLO-specific tools and platforms such as Intex, CDOEdge, or equivalent, alongside Bloomberg and relevant booking and risk systems
Familiarity with the regulatory environment applicable to front office trading roles in the UK, including FCA requirements, and the ability to obtain and maintain all required registrations and licences within the appropriate timeframe
Excellent written and verbal communication skills, with the ability to articulate complex structured credit concepts clearly to internal and external stakeholders, and to operate effectively in a fast-paced, cross-functional environment

What we offer

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

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European Collateralized Loan Obligation (CLO) Trader

Job Responsibility

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