Quantitative Trader, Equities Central Risk Book, Director or Vice President

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

Benefits offered by this job

Medical, dental & vision coverage

401(k)

Paid time off

Job summary

Citi is seeking a Quantitative Trader for the Equities Central Risk Book based in New York, NY. This role focuses on optimizing trading performance through quantitative strategies and effective risk management. The ideal candidate will have over 12 years of experience in quantitative trading or risk management, preferably with stocks, ETFs, and delta-one products.

The position includes responsibilities such as utilizing market risk models, monitoring P&L attribution, and programming high-performance systems in Python and KDB/Q. Citi offers a competitive salary along with employee benefits including 401(k), health insurance, paid time off, and more.

Qualifications

• 12+ years of experience in quantitative trading or risk management.
• Direct Central Risk Book experience with stocks, ETFs, and delta-one products.
• Advanced analytical and coding competency in Python and KDB/Q.

Responsibilities

• Utilize quantitative techniques for trading and risk management.
• Monitor P&L attribution and conduct backtests.
• Program high-performance research and execution systems.

Skills

Quantitative analysis

Risk management

Python

KDB/Q

Bloomberg

Education

Bachelor’s degree

Master’s degree preferred

Job description

The Quantitative Trader for the Equities Central Risk Book is responsible for overseeing the Central Risk book, generating revenues, and managing book risk. This role involves developing and implementing quantitative strategies, improving risk models, and coordinating with various stakeholders to enhance trading performance.

Responsibilities

• Utilize quantitative techniques and intraday risk analytics to assist with Central Risk Book (CRB) trading and risk management.
• Utilize market risk models to manage trading book risk and tune parameters under an optimization framework.
• Monitor profit and loss (P&L) attribution and conduct backtests to adjust trading strategies.
• Conduct alpha research, quantitative analysis, and ongoing performance assessment to support the enhancement of existing P&L and trading strategies.
• Program high-performance research and execution systems in Python and KDB/Q to optimize alpha capture, reduce market impact, and enhance hedging effectiveness across trading desks.
• Partner with quantitative researchers and portfolio managers to optimize alpha capture, reduce market impact, and enhance hedging effectiveness through data-driven execution strategies.
• Liaise with control functions (Legal, Compliance, Market and Credit Risk, Audit, Finance) by providing data and analysis to support the firm’s governance infrastructure and ensure appropriate controls.
• Build a culture of responsible finance, good governance and supervision, expense discipline and ethics.
• Oversee and manage risk of trading books across stocks, ETFs, and delta-one products, ensuring compliance with firm-level capital allocation guidelines and regulatory risk frameworks.
• Review code, validate model assumptions, and ensure adherence to best practices in portfolio construction and risk management.
• Synthesize periodic strategic performance reviews for senior management.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm’s reputation and safeguarding Citigroup, its clients, and assets.

Qualifications

• 12+ years of experience in a quantitative trading or risk management role, preferably within a bank, Hedge Fund, or Asset Manager.
• Direct Central Risk Book experience with expertise in managing stocks, ETFs, and delta-one products.
• Advanced analytical, numerical, and coding competency, with proven experience in Python and KDB/Q for high-performance systems.
• Strong understanding and practical experience with quantitative risk modeling, including Barra market risk models and Barra GEM models.
• Demonstrated ability in alpha research, quantitative analysis, P&L attribution and back-testing to refine trading strategies.
• Proficient knowledge of Bloomberg, equity trading systems, trading protocols, and closing technicalities.
• Clear and concise written and verbal communication.
• Effective interpersonal skills to develop and maintain relationships with internal (quantitative researchers, portfolio managers, sales, control functions) and external stakeholders.
• Knowledge of equity trading products and clients.
• Required licensing and registrations as applicable.

Education

• Bachelor’s degree/University degree or equivalent experience.
• Master’s degree preferred.

Advertised salary information relates to Director level.

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.

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 Accessibility at Citi. View Citi’s EEO Policy Statement and the Know Your Rights poster.