Swaps Salesperson, Delta One, Vice President or Assistant Vice President
Citi
Paradise, Nevada
Full-Time
$175,000
OfficeExecutive
The Swaps Salesperson is a senior-level position responsible for assisting clients in raising funds in the capital markets, as well as in providing strategic advisory services for mergers, acquisitions and other types of financial transactions in coordination with the Institutional Banking team. The VP Salesperson also serves as an intermediary in trading for clients. The overall objective of this role is to act as strategic advisor to our clients by formulating investment strategies and raising capital for clients.
Role focus:
• Client Coverage & Origination: Own and grow a book of Single Stock Swap client relationships, driving idea generation, trade flow, and incremental revenues
• Front Office Partnership: Work directly with SSS trading and sales to structure and execute client trades efficiently and at scale
• Structuring & Advisory: Provide practical guidance on SSS structures, economics, and tradeoffs, coordinating with internal partners (tax, legal, financing, ops) as required
• Client Engagement: Serve as a trusted point of contact for clients on single name swap usage, financing alternatives, and market developments
• Franchise Growth: Identify opportunities to deepen wallet share, expand product usage, and grow the overall Single Stock Swaps platform.
General Responsibilities:
Refine and implement sales/marketing strategy to improve Citi's client footprint and maximize associated revenue
Work with management/colleagues to establish a clear marketing plan with defined priorities, market penetration and revenue goals
Leverage contact network to understand client needs, introduce the Citi offering, and convince clients to adopt it to increase client satisfaction/Citi revenue
Advise team in strategic positioning and closing transactions with various internal stakeholders (structuring, trading, legal, credit and risk etc.)
Forge a relationship with salespeople in order to leverage Citi's franchise and source relevant buying and selling opportunities for clients
Lead strong governance and controls
Work in close partnership with control functions such as Legal, Compliance, Market and Credit Risk, Audit, Finance in order to ensure appropriate governance and control infrastructure
Build a culture of responsible finance, good governance and supervision, expense discipline and ethics
Appropriately assess risk/reward of transactions when making business decisions; demonstrating proper consideration for the firm’s reputation
Be familiar with and adhere to Citi’s Code of Conduct and the Plan of Supervision for Global Markets and Securities Services
Adhere to all policies and procedures as defined by your role which will be communicated to you
Obtain and maintain all registrations/licenses which are required for your role, within the appropriate timeframe
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Qualifications:
6-10 years of sales experience in Single Stock Swaps / Equity Swaps at a financial services organization
Experience in a client-facing role working with the buy-side community
Proven interpersonal and problem-solving skills
Consistently demonstrate clear and concise written and verbal communication
Broad client relationships preferred
Must have or be able to obtain required licenses including Series 3, 7, 55 and 63.
Education:
Bachelor's degree/University degree or equivalent experience
Master's degree preferred in business or related field.
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In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
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