High Yield Trader - Director

Citi; New York (NY); On-site; USD 200,000 - 300,000; Full time

Job summary

An established industry player seeks a Senior Trader to oversee a trading book and manage associated risks. This pivotal role involves generating revenues while building strong client relationships and collaborating with various teams to enhance the trading franchise. The ideal candidate will have extensive experience in trading, exceptional analytical skills, and a proven track record in managing trading books. Join a forward-thinking organization that values governance, ethics, and responsible finance. If you are ready to take on a challenging yet rewarding position in a dynamic environment, this opportunity is for you.

Benefits

Medical Coverage

Dental Coverage

Vision Coverage

401(k) Plan

Life Insurance

Disability Insurance

Wellness Programs

Paid Time Off

Paid Holidays

Qualifications

• 15+ years of experience in trading or related roles.
• Proven history of successful trading book management.

Responsibilities

• Oversee a trading book, generating revenues and managing risk.
• Coordinate with teams to develop the trading franchise.

Skills

Trading Book Management

Client Relationship Management

Analytical Skills

Communication Skills

Interpersonal Skills

Bloomberg Knowledge

Education

Bachelor's Degree

Master's Degree

Tools

Bloomberg

Booking Systems

Job description

The Trader is a senior level position responsible for overseeing a trading book and managing book risk, in coordination with the Trading team. The overall objective of this role is to ensure book trades deliver on budgeted revenues, and to coordinate with key stakeholders to develop the trading franchise.

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.

Job Family Group:

Institutional Trading

Job Family:

Trading

Time Type:

Full time

Primary Location:

New York, New York, United States

Primary Location Full Time Salary Range:

$200,000.00 - $300,000.00

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.

Anticipated Posting Close Date:

Apr 11, 2024

Citi is an equal opportunity and affirmative action employer. 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. Citigroup Inc. and its subsidiaries ('Citi') invite all qualified interested applicants to apply for career opportunities. 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 Accessibility at Citi.