FX Options Trader, VP/AVP

Citi; New York (NY); On-site; USD 175,000 - 250,000; Full time

Benefits offered by this job

Medical, dental & vision coverage

401(k)

Paid time off

Job summary

Citi is seeking a Trader to manage FX option risk and generate revenue within the trading book. Responsibilities include coordinating with various teams, managing risk, and maintaining client relationships. A minimum of 3-7 years of related experience and effective communication skills are essential.

The role is based in New York with a full-time commitment. Compensation ranges from $175,000.00 to $250,000.00 annually, along with extensive benefits and wellness programs.

Qualifications

• 3-7 years of experience in a related role.
• Knowledge of respective products and clients.
• Required licensing and registrations as applicable.

Responsibilities

• Contribute to a trading book and manage risk.
• Coordinate with Sales, Research, and other organizations.
• Establish and maintain key client relationships.

Skills

Advanced analytical and numerical competency

Effective interpersonal skills

Clear and concise communication

Knowledge of Bloomberg and trading protocols

Education

Bachelor’s degree or equivalent experience

Master’s degree preferred

Job description

The Trader will be responsible for managing FX option risk and making prices to our franchise in vanilla and exotic products, in coordination with the Trading team. The overall objective of this role is to process trades for a trading book and achieve revenue targets.

Responsibilities

• Contribute to a trading book and generate revenues and manage risk for the respective business
• 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
• Coordinate with desk analysts as needed and with sales to develop the franchise
• 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

• 3-7 years of experience in a related role
• Knowledge of respective products and clients
• Required licensing and registrations as applicable
• Advanced 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

Compensation and Benefits

Salary range: $175,000.00 - $250,000.00 (annual). In addition to salary, benefits may include medical, dental & vision coverage, 401(k), life, accident, and disability insurance, wellness programs, paid time off, and other retention awards. See citibenefits.com for details.

Location and Employment Type

Primary location: New York, NY, United States. Full time.

Equal Employment Opportunity Statement

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

Note

Accessible accommodations are available for applicants with disabilities.