Systemic Trader, VP

Citi; New York (NY); On-site; USD 210,000 - 257,000; Full time

Benefits offered by this job

Medical, dental & vision coverage

401(k)

Life, accident, and disability insurer

Wellness programs

Paid time off

Job summary

Citigroup Global Markets Inc. in New York seeks a Systemic Trader, VP to trade bonds and ETFs, optimize liquidity, and collaborate with clients to structure trades that meet objectives.

The role involves working with quantitative analysts to enhance the bond trading algorithm and identify new revenue opportunities. A telecommuting/hybrid schedule may be allowed within a commutable distance from the worksite per Citi policies.

Qualifications

• Master’s degree or foreign equivalent in Operations Research and Information Engineering, Computer Science, Computer Engineering, or related field with 3 years of experience.
• Alternatively, Bachelor’s degree with 5 years of progressive, post-baccalaureate experience in ETF/bond trading.
• Experience in Python, KDB, and trading algorithm development and evaluation.

Responsibilities

• Trade bonds and ETFs using Citi bond algorithm to maximize market share and revenue.
• Identify arbitrage opportunities in corporate bond ETFs based on liquidity and prices.
• Optimize and execute bond portfolio lists to minimize transaction costs and achieve objectives.
• Work with clients to understand needs and structure trades accordingly.
• Provide market information to ETF providers and help manage ETF liquidity via creation/redemption trades.
• Collaborate with quantitative analysts to improve trading algorithms.
• Conduct self-driven research to identify new revenue opportunities.
• Supervise junior analysts and distribute tasks efficiently.
• Telecommuting/hybrid work may be permitted within a commutable distance from the worksite per Citi policies.

Skills

Python programming

KDB programming

Trading algorithms

P&L attribution

ETF creation & redemption

Education

Master’s degree in Operations Research and Information Engineering / related field

Bachelor’s degree in a related field with 5 years experience

Job description

Citigroup Global Markets Inc. seeks a Systemic Trader, VP for its New York, New York location.

Duties

• Trade bonds and exchange-traded funds (ETF) using the Citi bond algorithm with a goal to maximize market share and revenue.
• Find and trade on arbitrage opportunities in corporate bond ETFs based on liquidity and bond prices.
• Enable clients by optimizing and executing bond portfolio lists which minimize transaction costs and achieve specific objectives.
• Work with clients to understand their needs and structure trades which best suit their objectives.
• Provide relevant market information to ETF providers and help them manage the liquidity of their ETFs by doing creation/redemption trades.
• Work with quantitative analysts to improve the bond trading algorithm by giving quick feedback to new changes and market regimes.
• Perform self-driven research to identify new revenue opportunities based on market intuition and inefficiencies.
• Work with junior analysts to distribute tasks and projects to best utilize the desk resources.
• A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols.

Requirements

Requires a Master’s degree, or foreign equivalent, in Operations Research and Information Engineering, Computer Science, Computer Engineering, or related field and 3 years of experience as a Trader, Quantitative Analysis Program Analyst, Trading Analyst, or related position involving computer programming and data analysis for ETF and bond trading at a global financial services institution. Alternatively, employer will accept a Bachelor’s degree in the stated fields and 5 years of the specified progressive, post-baccalaureate experience. Full span of experience must include:

• Python programming
• KDB programming for data analysis
• Expertise in trading algorithms for automatic-trading machine monitoring and to identify weaknesses and propose improvements
• Mathematical evaluation of P&L attribution, ETF Fair-Value computation, and ETF/Portfolio baskets optimization
• Corporate-bonds trading with focus on timely moving risk from books at profitable levels
• ETF creation and redemption

Wage Range: $233,813 to $233,813

Job Family Group: Institutional Trading

Job Family: Trading

Time Type: Full time

Primary Location: New York New York United States

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.

• Medical, dental & vision coverage
• 401(k)
• Life, accident, and disability insurance
• Wellness programs
• Paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays

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.

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