Trader

Citigroup Inc.; New York (NY); Hybrid; USD 200,000 - 250,000; Full time

Benefits offered by this job

Medical coverage

401(k)

Paid time off

Job summary

Citigroup Global Markets Inc. in New York seeks a Vice President Trader to make markets in credit derivatives, including CDX and CDS, and to negotiate and manage risk on a global trading desk.

The role requires strong quantitative skills, backtesting, regression and risk analysis, with interaction with corporate clients and ability to develop tools for cross-asset risk and strategy ideas. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in

Qualifications

• Bachelor’s degree in Economics, Econometrics, Finance or related field.
• 2 years of experience in market-making for credit derivatives index.
• Experience with CDX, credit derivative index options, and risk assessment.

Responsibilities

• Make markets in credit derivatives including CDX and CDS.
• Negotiate and execute trades and manage risk on the desk.
• Develop tools for cross-asset risk and client-focused strategies.

Skills

Market making

Credit derivatives

Pricing models

Backtesting

Education

Bachelor’s degree in Economics or related field

Tools

Options Greeks

Regression analysis

Historical price analysis

Job description

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

Duties: Serve as a member of the Flow Credit Derivatives desk, making markets in a variety of synthetic credit instruments, including single-name credit default swaps, index credit default swaps, and European-style swaptions on index credit default swaps. Negotiate and execute trades in a variety of instruments including single-name credit default swaps, index credit default swaps, and European-style swaptions on index credit default swaps. Perform and advise on risk management activities specifically related to current and potential future exposure from trades in single-name credit default swaps, index credit default swaps, and European-style swaptions on index credit default swaps, and potentially other assets. Analyze both macro and micro risk factors, from monetary policy and macroeconomic stimuli to company-specific risks and credit-market-specific technical and flows. Generate trade ideas, perform research and analysis using backtesting, single variable and multi-variable regression and studentized residual screening to find outliers and potential dislocations, both in single-name credit default swaps, index credit default swaps, and European-style credit default swaps, and also in pairs between those, and with respect to other asset classes on occasion. Design and build tools to assist in managing the desk’s credit derivative and cross-asset risk and for clients to find either positively convex positional trades or to efficiently accomplish their objectives. Monitor trends to produce research on macroeconomic events with potential impact to an individual company that would affect the credit derivatives market and the desk’s positions, as well as any credit-specific flows that can be seized on by the broader market or that have any bearing on broader global capital market flows and risk pricing. 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 Bachelor’s degree, or foreign equivalent, in Economics, Econometrics, Business, Finance, or related field and 2 years of experience as an Analyst, Credit Derivatives Strategist, Credit Derivatives Trader, Credit Trader, or related position involving market-making for credit derivatives index in a global financial services institution. 2 years of experience must include: Market-making for credit derivative index and credit derivative index option including CDX; Credit derivative index trade negotiation and execution; Risk assessment using options greeks and scenario analysis, and pricing based on anticipated risk; Managing a book of risk, including optimizing its positioning and current and future exposures; Performing scenario and historical price analysis; Regression and statistical techniques and charting; Macroeconomic changes research and analysis including interest rate, foreign exchange, and federal monetary, fiscal and economic policies; Microeconomic research and analysis into company-level stimuli and trends; Using statistics to design and build analytical tools to be used for large data screening, dislocations monitoring, and causal inference drawing; and Direct interaction with corporate clients of a wide variety of sectors. EO Employer.

Wage Range: $200,000 to $250,000
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. Citi offers competitive employee benefits, including:

• 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

Available offerings may vary by jurisdiction, job level, and date of hire.

Automated Processing and AI

We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.

Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.

Illinois residents – AI Notice and Right

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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