Trader jobs at Citi Group in United States, New York

Requirements: Bachelor’s degree, or foreign equivalent, in Finance, Engineering, or a related field, and six (6) years of experience in the job offered or in a related quantitative occupation providing liquidity management oversight across markets within the financial industry. Six (6) years of experience must include: Working on unsecured funding management, pricing, and risk management of derivatives; Working on liquidity management and optimization of resources including liquidity, collateral and capital, using knowledge of capital and liquidity rules and regulations; Automating P&L and risk calculations using programming skills, including Python and VBA; and Querying large scale datasets and assessing data for patterns to spot anomalies, including booking errors and data quality issues. 40 hrs./wk. Applicants submit resumes at . Please reference Job ID #25855590. EO Employer.

Wage Range: $250,000 to $250,000/year

Anticipated Posting Close Date:

Responsibilities:

• Oversee and manage a trading book focused on Structured Equity Financing products, including Margin Loans, NAV Financing, PELP Financing, Structured Prime, and Hedge Fund Financing.
• Leverage in-depth transactional knowledge to structure and execute complex financing solutions.
• Coordinate with Origination Sales, Business Risk, and other internal organizations to ensure seamless execution and alignment across the firm.
• Meticulously monitor covenant compliance and proactively manage the post-execution lifecycle of transactions.
• Continuously monitor relevant public and private risk metrics to effectively manage the portfolio risk across all transactions.
• Utilize strong statistical and programming skills (VBA, Python, Excel) to build risk management tools and conduct in-depth analytical applications.
• Spearhead platform and infrastructure development initiatives to enhance efficiency and risk management capabilities.
• Design and implement sophisticated pricing methodologies, utilizing expertise in financial engineering, statistics, and risk analysis.
• Collaborate with Quantitative (Quant) teams to develop next-generation risk management models and tools.
• Work closely with control functions, including Legal, Compliance, Market and Credit Risk, Audit, and Finance, to maintain appropriate governance and control infrastructure.
• Apply comprehensive cross-asset product knowledge to execute FX spots/options, rates futures, interest rate swaps, and other non-equity instruments to hedge non-equity risks.
• Ability to manage and facilitate several concurrent large, complex transaction workstreams at any single point in time
• Establish and maintain key internal and external relationships to facilitate trades and enhance desk performance.
• Champion a culture of responsible finance, good governance, rigorous supervision, expense discipline, and unwavering ethics.
• Ensure all required registrations/licenses are obtained and maintained within the appropriate timeframe.
• Adhere to Citi's Code of Conduct and the Plan of Supervision for Global Markets and Securities Services.
• Safeguard Citi's reputation, clients, and assets by driving compliance with applicable laws, rules, and regulations, adhering to Policy, applying sound ethical judgment, and escalating/managing/reporting control issues with transparency.

Qualifications:

• Minimum 3+ years of experience in a related role within Structured Equity Financing.
• Extensive knowledge of Margin Loans, NAV Financing, PELP Financing, Structured Prime, and Hedge Fund Financing.
• Demonstrated ability to analyze and assist in structuring transaction mitigants and covenants.
• Proficiency in Bloomberg, booking systems, trading protocols, and credit agreement legal documentation.
• Proven track record of successful trading book management.
• Required licensing and registrations - SIE, Series 7, 63, 3 (or ability to achieve these).
• Exceptional analytical and numerical competency.
• Excellent written and verbal communication skills.
• Strong interpersonal skills to effectively develop and maintain relationships with internal and external stakeholders.

Education:

• Bachelor's degree/University degree or equivalent experience required.
• Master's degree preferred.

Anticipated Posting Close Date:

Requirements: Bachelor’s degree, or foreign equivalent, in Industrial Engineering, Business Administration, Finance, Economics, or a related field, and five (5) years of experience in the job offered, or in a related trading occupation in the financial services industry. Five (5) years of experience must include: Performing and implementing best trading strategies for each Latin America ordinary stock or ADR (on cash or on swaps) to obtain optimum prices for clients considering stock and specific market liquidity profile; Pricing block trades in Latin America stocks and hedging strategies; Performing assessments on political, macroeconomic, and corporate data in Latin America and its impacts on stocks, indexes, and foreign exchange performances; Coordinating execution of international and local clients flow in local Latin American markets and the U.S. using an understanding of regulatory and exchange rules in Latin American markets; and Utilizing Bloomberg to monitor stocks, indexes and foreign exchange, and developing analytical tools to support daily activities. 40 hrs./wk. Applicants submit resumes at . Please reference Job ID #24819801. EO Employer.

Wage Range: $250,000.00 to $250,000.00

Anticipated Posting Close Date:

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Responsibilities:

• Oversee a trading book as a Senior trader and generate revenues and manage risk for the respective business
• Build and maintain a franchise and connect with key clients
• Coordinate with Sales, Research, CMand and other organizations across Markets and Securities Services and the broader business
• Trade a book and deliver on budgeted revenues and manage book risk
• Establish and maintain key relationships to deliver trades to the desk
• Anticipate client demand in each respective product/market and facilitate large client trades
• Coordinate with desk analysts as needed and with sales to develop the franchise and manage and mentor junior traders as needed
• Leading 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:

• 15+ years of experience in a related role
• In-depth knowledge of respective products and clients
• Proven history of successful trading book management
• Required licensing and registrations as applicable
• Advance analytical and numerical competency
• Consistently demonstrates clear and concise written and verbal communication
• Effective interpersonal skills to develop and maintain relationships with internal and external stakeholders
• Ability to analyze and pitch situations and determine suitable counterparties
• Knowledge of Bloomberg, booking systems, trading protocol, closing technicalities

Education:

• Bachelor’s degree/University degree or equivalent experience
• Master’s degree preferred

Anticipated Posting Close Date:

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Responsibilities:

• Oversee a trading book as a Senior trader and generate revenues and manage risk for the respective business
• Build and maintain a franchise and connect with key clients
• Coordinate with Sales, Research, CMand and other organizations across Markets and Securities Services and the broader business
• Trade a book and deliver on budgeted revenues and manage book risk
• Establish and maintain key relationships to deliver trades to the desk
• Anticipate client demand in each respective product/market and facilitate large client trades
• Coordinate with desk analysts as needed and with sales to develop the franchise and manage and mentor junior traders as needed
• Leading 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:

• 15+ years of experience in a related role
• In-depth knowledge of respective products and clients
• Proven history of successful trading book management
• Required licensing and registrations as applicable
• Advance analytical and numerical competency
• Consistently demonstrates clear and concise written and verbal communication
• Effective interpersonal skills to develop and maintain relationships with internal and external stakeholders
• Ability to analyze and pitch situations and determine suitable counterparties
• Knowledge of Bloomberg, booking systems, trading protocol, closing technicalities

Education:

• Bachelor’s degree/University degree or equivalent experience
• Master’s degree preferred

Anticipated Posting Close Date:

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Duties: Perform modeling, pricing and trading of derivative options. Evaluate fair values of various equity derivatives, including exotic options and structured variance swaps, and use analytical and Monte Carlo simulation models and market parameters for pricing. Analyze exotic derivatives structures and their dynamics throughout their lives in different market environments, and reflect them into pricing. Identify, determine and apply pertinent models, parameters and assumptions in pricing, calibrated based on observable market instruments. Leverage asset pricing to understand exotic derivatives pricing from a both qualitative and quantitative standpoint and to generate revenue for the firm by providing such pricing to the firm’s clients. Utilize Stochastic calculus and Partial differential equations to understand the dynamics behind every exotic product, draw the PnL Allocation and draw from risk variables informed trading decisions. Hedge various option risk greeks, including delta, gamma and vega, on a daily basis to manage the sensitivities to underlying price, volatility, interest rates, and foreign currencies. Use VBA, python and SQL to analyze massive risk data, build systematic strategies to hedge the risk and automate the existing processes. Anticipate and react to the dynamic nature of these derivatives in order to fully monetize the portfolio and avoid negative scenarios. Study the attribution of the risks into profit and loss of the portfolio, and position the firm’s risk to maximize expected profits while minimizing contingent losses. Optimize various trading and risk management related tasks using C++ programming and machine learning. Drive automation initiatives to replace manual processes. Build direct connections to various internal APIs and to speed up pricing and risk management practices and reduce computer workload. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols.

Requirements: Requires a Master’s degree, or foreign equivalent, in Finance, Financial Engineering, Economics, Mathematics or related field and 4 years of progressively responsible experience as an Equity Exotics Trader or related position involving modelling, pricing, and trading equity derivatives for a global financial services institution. Alternatively, employer will accept a Bachelor’s degree in the stated fields and 6 years of the specified progressive, post-baccalaureate experience. Full term of experience must include: Asset pricing; Stochastic calculus; Modelling, pricing, and trading equity derivatives; Partial differential equations; Dynamic models control; Monte Carlo simulation models; C++, VBA, Python, SQL; Portfolio optimization. Up to 5% international and domestic travel required. Applicants submit resumes at https://jobs.citi.com/. Please reference Job ID #25828501. EO Employer.

Wage Range: $250,000 to $250,000

Anticipated Posting Close Date:

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Citi's FX Desk is looking for a Director level, LatAm FX Option Trader based in NY.

Responsibilities:

• Work in conjunction with the NY and global trading team to deliver on revenue and franchise goals, and with key stakeholders to grow and develop the FX Options franchise
• Deploy best practice on pricing and risk management in a fashion that positively influences other traders on the desk and to contribute to a positive culture on the desk and with the sales partners
• Define goals and objectives and develop a trading team that builds a cohesive, client centric product offering, and manage officer title distribution
• Develop and manage the risk and trading infrastructure, including portfolio risk, and ensure risks are correctly represented
• Coordinate with control functions to ensure compliance with regulations, and partner with Finance to conduct annual financial planning
• Recruit and retain experienced hires and campus talent in coordination with HR, promoting a diverse and talented workforce
• Optimize resource allocation and manage the technological develop of the trading desk operation
• Provide stretch goals and performance reviews, to ensure high performance of Traders and promote meritocracy, ownership and accountability
• Provide input to the compensation process, promotion, talent pipeline and mobility, talent reviews, succession planning and training
• Leading 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; and ensure that all team members understand the need to do the same, 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; and ensure that all team members understand the need to do the same
• 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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications:

• 8+ years of experience in a related role
• Trading experience in FX Options
• Required licensing and registrations as applicable preferred
• A strong understanding of Bloomberg, booking systems, trading protocol, closing technicalities
• In-depth knowledge of respective products and clients
• Proven history of successful trading book management
• Consistently demonstrates clear and concise written and verbal communication.

Education:

• Bachelor's degree/University degree or equivalent experience
• Master's degree preferred.

Anticipated Posting Close Date:

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