Senior Trader, Funding and Resource Management, Director

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

Benefits offered by this job

Medical, dental and vision coverage

401(k)

Life and disability insurance

Paid time off and wellness programs

Job summary

Citi is seeking a Senior Trader to lead funding strategy and capital control in New York. This role demands overseeing a trading book above $150 billion and ensuring compliance with complex liquidity and capital regulatory metrics.

Ideal candidates require over 10 years of experience, master’s degree in finance, and strong knowledge of derivatives. Competitive salary ranges from $200,000 to $300,000, supplemented with comprehensive benefits.

Qualifications

• 10+ years of experience in a related role.
• Strong knowledge of derivatives and FX funding products.
• Excellent interpersonal skills for relationship management.

Responsibilities

• Oversee a trading book exceeding $150 billion.
• Ensure compliance with liquidity constraints.
• Monitor regulatory metrics applicable to Equity business.

Skills

Funding strategies

Regulatory knowledge (GSIB, RWA, LCR, NSFR)

Stakeholder management

Communication skills

Analytical abilities

Education

Master’s degree in Finance, Math, or Statistics

Job description

The Funding and Resource Management (FRM) team is responsible for the refinancing of all asset positions within the Equity business line, as well as the management of the main internal and external financial constraints (Capital, liquidity, balance sheet). The NAM FRM team is looking for a senior trader to lead our funding strategy, liquidity, and capital control in NAM together with other FRM officers. The book covers swaps, repo, collateral swap, IRS, and FX swaps and is subject to various complex regulatory constraints (GSIB, RWA, LCR, NSFR, etc.).

Key Responsibilities

• Oversee a >150b$ trading book: respect of risk limit, trade execution and negotiations, P&L monitoring.
• Maintain and extend Citi franchise with external counterparts (triparty, agent lenders, other banks) and clients (Prime Brokerage franchise client, asset managers, pensions).
• Ensure the respect of all liquidity constraints (LCR, NSFR, Stress Test, Tenor) and daily funding requirements.
• Monitor and improve the implementation of the different regulatory metrics and how they apply to the Equity business.
• Help structure resource optimisation transactions to increase return on liquidity and capital.
• Coordinate with other senior FRM officers to define an optimal funding strategy to respect capital constraints (GSIB, RWA).
• Monitor and minimise the carry cost of the book under all constraints.
• With the rest of the FRM team, improve Transfer Pricing methodology and implementation.
• In partnership with Product team, lead the IT improvement needed for the platform to run efficiently.
• Coordinate with the Treasury department and Equity CFO on liquidity and capital forecast.
• Measure and price available capital and liquidity capacity for Equity, and cost of reduction.
• Ensure global best practice and operational efficiency with the other regions senior FRM officers.
• Work in close partnership with control functions such as Legal, Compliance, Market and Credit Risk, Audit, Finance 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; demonstrate 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 the role and communicated to you.
• Obtain and maintain all registrations/licenses required for the 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.

Qualifications

• 10+ years in a related role.
• Strong knowledge of funding strategies and products (derivatives, SFTs, FX, IRS).
• Strong knowledge of US regulatory constraints:
  • Capital (GSIB, RWA)
  • Liquidity (LCR, NSFR, Stress Test)
  • Broker dealer activity (15c3, etc.)
• Ability to work with a wide range of stakeholders (Finance, Treasury, Trading, Tech, Sales, etc.).
• Excellent written and verbal communication skills.
• Effective interpersonal skills to develop and maintain relationships with internal and external stakeholders.
• Ability to analyse and pitch situations and determine suitable counterparties.
• Master’s degree in a finance field (Finance, Math, Statistics, etc.).

Benefits & Remuneration

Salary range: $200,000.00 – $300,000.00. In addition to salary, Citi offers discretionary and formulaic incentive and retention awards. Citi provides competitive employee benefits, including medical, dental and vision coverage, 401(k), life, accident and disability insurance, and wellness programs. Paid time off packages include planned vacation, unplanned sick leave, and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Offerings may vary by jurisdiction, job level, and date of hire.

Equal Employment Opportunity

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