FX Options Trader, VP/AVP

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

Benefits offered by this job

Medical, dental & vision coverage

401(k) plan

Paid time off packages

Job summary

Citigroup Inc. is seeking a VP level Trader in New York, New York, responsible for managing FX option risk, contributing to a trading book, and achieving revenue targets. This role involves coordination with various teams and strong governance.

The ideal candidate will have 3-7 years of experience, a relevant bachelor’s or master’s degree, and possess analytical, communication, and interpersonal skills.

Citi offers a competitive salary ranging from $175,000 to $250,000 along with comprehensive employee benefits.

Qualifications

• 3-7 years of experience in a trading role.
• Knowledge of FX options and respective clients.
• Required licensing and registrations applicable.

Responsibilities

• Manage FX option risk and coordinate with the Trading team.
• Contribute to a trading book, generate revenues and manage risk.
• Establish and maintain key relationships to deliver trades.

Skills

Analytical skills

Interpersonal skills

Communication skills

Knowledge of trading protocols

Experience with Bloomberg

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
• 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.

Recommended Qualifications

• 3-7 years of experience in a related role
• Knowledge of respective products and clients
• 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

The advertised job description and details are for a VP level Trader. We are open to considering seasoned AVP talent for this need at the AVP level.

Location

New York, New York, United States

Salary and Benefits

$175,000.00 - $250,000.00

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.

Equal Opportunity Statement

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.

If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity, review. View Citi’s EEO Policy Statement and the Know Your Rights poster.