CTI/Pensions - Fixed Income Analyst - C13/VP - Long Island City, NY

IIBA (International Institute of Business Analysis); New York (NY); On-site; USD 142,000 - 214,000; Full time

Job summary

A leading finance firm is seeking a Fixed Income Analyst responsible for analyzing portfolios and advising on investment strategies. The ideal candidate will have over 5 years of experience in financial services, with deep knowledge of Interest Rate Risk. If you're ready to grow your career in a dynamic environment, this is the role for you. The position offers competitive salary and benefits.

Benefits

Competitive employee benefits including medical, dental & vision coverage

401(k) plan

Paid time off

Qualifications

• 5+ years experience in financial services analyzing Fixed Income Portfolios.
• Thorough knowledge of Interest Rate Risk metrics.
• Ability to analyze Actual and Forecast results related to pension plans.

Responsibilities

• Analyze and manage Fixed Income Portfolios.
• Support liquidity and interest rate risk analysis.
• Interact with external Fixed Income managers.

Skills

Interest Rate Risk Analysis

Portfolio Analysis

Communication Skills

Education

Bachelor's degree in Economics, Finance or Mathematics

Master's degree (preferred)

Tools

BlackRock's Aladdin platform

Excel

Access

SQL

Job description

The US Pensions Investment ("USPI") team is the investment management team that manages and invests the assets of the US Plans. USPI team is responsible for managing the Citi's US Defined Benefit (DB) and Defined Contribution (DC) retirement plans of a total $30 billion and advises on the Asset Allocation and Investment strategy for all the International Pension Plans.

The Fixed Income Analyst will have as primary responsibility to analyze Fixed Income portfolios and monitor the LDI applications of the Plan's Assets vs its Liabilities.

The DB Plan is investing 70% of its assets in Core Fixed Income with primary objective to provide a hedging strategy for its Liabilities. The DC Plan allocates its assets and have passive and active investments in Fixed income assets. Currently, all investments in DB Plan's Core Fixed Income are managed by external managers and the LDI program grew substantially most recently as the DB Plan became over funded. The LDI program is monitored by the Aladdin System that is used to optimize the effectiveness of the liabilities hedging, minimize external fee payments, optimize additional alpha on top of the benchmarks and perform internal trading activities on US Treasury investments. The Fixed Income Analyst will report to the Chief Investment Officer (CIO) of the US Pension Investments and will support the LDI Investment Officer.

Responsibilities:

• Contributes directly to the analysis and management of the Fixed Income Portfolios.
• Participates in analyzing the liquidity and interest rate risk, liability hedging and duration matching and determines the credit risk and duration of the portfolios.
• Deals directly with external Fixed Income managers and helps to negotiate Investment Management Agreements and manages the ongoing relationships.
• Performs Due Diligence for new investments, annual reviews for existing investments, maintains a watchlist and presents recommendation to the CIO and the IIR for portfolio changes.
• Works on fee payments to external managers and works on a project to determine ways to create stable

alpha above the Core Fixed Income benchmark.

• Interact daily with the Custodian to reconcile transaction, cash management and asset transfers.
• Support the monthly and quarterly reporting processes through close partnership with the USPI Operations teams.
• Monitor and review specific investment manager guidelines.
• Prepare ad-hoc reports, special projects, and various presentations for both internal team members and the Plan Committees.
• Adhere to all policies and procedures as defined by your role which will be communicated to you.
• The position will require both individual analytical work as well as partnership across teams to identify solutions to business inquiries in a timely manner and own the implementation / execution steps to autonomously drive open issues to completion.
• Performs other duties and functions as assigned by the CIO, including reporting requirements on Risk, Compliance and Audit
• 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:

• 5 plus years of experience working for a financial services organization with focus on analyzing Fixed Income Portfolios
• Experience with effectively analyzing Actual and Forecast results with a comprehensive knowledge of Hedging Pension Plans Liabilities with Fixed Income Assets
• Thorough knowledge of key Interest Rate Risk metrics and experience in analyzing portfolios that are used for LDI purposes
• Demonstrates thorough knowledge on the dynamics between the liabilities and P&L of portfolios
• Experience with BlackRock's Aladdin platform preferred but not required
• Proficiency with standard analysis tools (Excel / Access / SQL)
• Excellent written and oral communication

Education:

• Bachelors degree, potentially Masters degree in Economics, Finance or Mathematics

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Job Family Group:

Finance

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Job Family:

Balance Sheet & Balance Sheet Attribution Management

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Time Type:

Full time

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Primary Location:

Long Island City New York United States

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Primary Location Full Time Salary Range:

$142,320.00 - $213,480.00

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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Anticipated Posting Close Date:

Apr 23, 2025

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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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