ETF Quant Trader

Citi; Greater London; On-site; GBP 110,000 - 180,000; Full time

Benefits offered by this job

27 days annual leave

Discretional annual bonus

Private Medical Care & Life Insurance

Employee Assistance Program

Pension Plan

Paid Parental Leave

Special discounts for employees

Learning and development resources

Job summary

Citi Markets in London is seeking an experienced Associate / Early VP trader to join the ETF Quantitative Trading desk. You will drive systematic pricing models, automated market‑making, and risk management across ETFs, managing Citi ETF inventory and live trading with a high-performance team.

The role requires advanced quantitative credentials, backtesting experience (Python preferred), and strong time-series and multi-factor risk modelling skills.

Qualifications

• Advanced degree in a quantitative STEM field; exceptional Bachelor's considered.
• Experience in back testing and coding, preferably Python.
• Strong time-series econometrics and multi-factor risk modeling knowledge (Barra).
• Ability to perform under market stress.
• ETF experience is a plus.

Responsibilities

• Design real-time algorithmic pricing and quoting models across electronic venues.
• Manage and optimize intraday risk exposure.
• Review RFQ pricing model.
• Develop and back test systematic trading across equity, fixed income, and commodity ETFs.
• Collaborate with quant and Dev to improve systems.

Skills

Python

Backtesting

Stress tolerance

ETF experience

Education

Advanced quantitative degree

Job description

Introduction to Citi Markets

At Citi Markets, we win together. In a rapidly changing world, our shared vision gives us the clarity, agility and global perspectives we need to shape the future. That's why collaboration plays a central role in how we deliver for clients, develop our people, and grow our business. Our Equities franchise operates at the forefront of global markets, spanning cash equities, derivatives, ETFs, and electronic execution. With a uniquely broad product range and remarkably varied client base—from asset managers and pension funds to hedge funds and institutional investors,we provide deep liquidity and innovative solutions across developed and emerging markets.

Role Overview

EMEA ETFs desk is growing and is seeking for an experienced Associate /Early VP trader to join our ETF Quantitative Trading desk in London. In this role, you will drive the development and deployment of systematic pricing models, automated market‑making strategies, and risk management algorithms across our global ETF franchise. You will also manage Citi ETFs inventory. This is a compelling opportunity to take ownership of a live trading book, shape the evolution of our electronic ETF capabilities, and work alongside some of the smartest quantitative minds in the industry. You will combine deep technical expertise with commercial acumen to optimize liquidity provision, manage complex multi‑asset risk exposures, and deliver alpha through quantitative innovation in a fast‑paced, high‑performance environment.

Primary Responsibilities of the Role

• Design and deploy real‑time algorithmic pricing and quoting models across exchange‑traded and RFQ electronic venues, incorporating Fair Value modelling, basket proxying, tracking error forecasting, and cross‑asset lead‑lag signals to optimize spread capture.
• Manage and optimize intraday risk exposure.
• Reviewing and improving RFQ pricing model
• Develop and back test systematic trading, including momentum/reversion, volatility forecasting, and statistical arbitrage frameworks across equity, fixed income, and commodity ETFs
• Work with quant and Dev in order to improve systems

What We Need from You

• Advanced degree (Master's or Ph.D.) in Financial Engineering, Computer Science, Mathematics, Physics, Statistics, or a related quantitative STEM discipline; exceptional candidates with a Bachelor's degree and proven track record will also be considered
• Experience in back testing and coding – ideally python
• Strong quantitative foundations in time‑series econometrics, statistical arbitrage, and multi‑factor risk modelling (e.g., Barra, proprietary factor frameworks)
• Someone willing to face the market and that can handle stress
• Previous role in ETFs will be a plus

What Citi Can Offer You

By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:

• 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

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self, every day.

This job description provides a high-level review of the types of work performed. Other job‑related duties may be assigned as required.

Regulatory Information

Candidates applying for this role must be aware that it is a Certified Role, subject to the FCA and PRA Certification Regime. The Certification Regime is one element of the Individual Accountability Regime which came into effect on 7 March 2016. Under the Certification Regime, Citi UK regulated entities (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
• Financial soundness
• Competence and capability

In order to comply with the requirements of the Certification Regime, 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, regulated reference checks, credit checks and other background screening checks.

Job Family Group

Institutional Trading

Job Family

Trading

Time Type

Full time

Most Relevant Skills

Please see the requirements listed above.

Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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