Payoff Structurer - Strategic Equity Derivatives

Payoff Structurer – Strategic Equity Derivatives Job Req :

London, England, United Kingdom

On-Site/Resident

May. 18, 2026

Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Citi's Markets business is one of the world's most comprehensive and strategically important capital markets franchises, providing clients with access to global financial markets across fixed income, currencies, commodities, and equities. Within this, Citi's Equities division — including its Equity Derivatives franchise — sits at the centre of a deliberate and well-funded growth strategy, combining electronic flow trading with sophisticated, episodic structured solutions.

In 2025, Citi's equities revenues reached their highest levels since 2021, with equity derivatives serving as a core driver of that momentum.

This is a senior structuring opportunity within Citi's Strategic Equity Derivatives business in London. The role sits at the intersection of product innovation, quantitative design, and client origination — working directly alongside sales and trading to develop bespoke equity derivative solutions for strategic equity clients globally. Operating at Director level, the successful candidate will bring both the technical depth to engineer complex payoffs and the commercial instinct to drive origination and deepen client relationships.

Citi's London platform — recently the subject of a £1.5 billion headquarters redevelopment — provides a compelling environment in which to do so.

Primary Responsibilities

• Research, design and structure bespoke equity derivative payoffs for strategic equity clients across the full complexity spectrum, including barrier and worst‑of structures, cliquets, digitals, and other light-to‑medium exotic products, ensuring hedgeability, capital efficiency (XVA/RWA impact), and commercial viability.

• Drive origination and product engagement in close partnership with the sales desk, presenting structured solutions to institutional clients — including asset managers, private banks, insurance companies, and corporates — and converting ideas into executable transactions.

• Develop and pitch Quantitative Investment Strategies (QIS) and systematic payoff structures, tailoring strategy parameters (volatility budgets, sector tilts, asset class overlays) to specific client mandates.

• Identify and execute risk recycling opportunities, structuring transactions that efficiently offset or monetise existing book risk and contribute meaningfully to desk P&L.

• Collaborate cross-functionally with trading, quantitative research, legal, compliance, and risk teams to ensure all structured solutions are compliant with applicable regulation, including PRIIPs, MiFID II, EMIR, and BMR.

• Contribute to product innovation and market intelligence, monitoring volatility surfaces, correlation dynamics, and funding environments to anticipate client demand and bring differentiated, market‑relevant ideas to the franchise.

What We Need from You

• Demonstrated experience as an equity derivatives structurer or quantitative analyst at a top‑tier investment bank, with a proven track record of structuring and pricing complex payoff products from origination through to execution.

• Knowledge of strategic equity products including dividend adjusted options, funded collars, structured share repurchases would be helpful but not necessary

• Deep technical expertise in equity exotic products, including — but not limited to — autocallable and barrier structures, worst‑of payoffs, dividend…