Trading Head - Equity Principal Trading

Citi; New York (NY); On-site; USD 150,000 - 250,000; Full time

Job summary

Citi is seeking a Trading Head for its Equity Principal Trading team in New York. This senior-level position involves managing a team of traders, ensuring revenue goals are met, and driving compliance with regulations.

The ideal candidate will have over 15 years of experience and a proven track record in trading book management. A Bachelor’s degree is required, while a Master’s degree is preferred. Join Citi and lead the trading operations with a focus on risk assessment and governance.

Qualifications

• 15+ years of experience in a related role.
• In-depth knowledge of respective products and clients.
• Proven history of successful trading book management.

Responsibilities

• Define goals and objectives for the trading team.
• Manage risk and trading infrastructure effectively.
• Recruit and retain talented traders.

Skills

Trading book management

Risk management

Client relations

Regulatory compliance

Strong communication

Education

Bachelor’s degree or equivalent experience

Master’s degree preferred

Job description

Trading Head - Equity Principal Trading

Job Overview

The Trading Desk Head is a senior level position responsible for managing the desk of Traders, and ensuring revenue goals are met. The overall objective of this role is to develop and implement a business plan that achieves targets set by the Global Head of the business, while managing risk and ensuring controls are maintained.

Responsibilities

• Define goals and objectives and develop a trading team that builds a cohesive, client centric product offering, and manage officer title distribution
• Develop and manage the risk and trading infrastructure, including portfolio risk, and ensure risks are correctly represented
• Coordinate with control functions to ensure compliance with regulations, and partner with Finance to conduct annual financial planning
• Recruit and retain experienced hires and campus talent in coordination with HR, promoting a diverse and talented workforce
• Optimize resource allocation and manage the technological develop of the trading desk operation
• Provide stretch goals and performance reviews, to ensure high performance of Traders and promote meritocracy, ownership and accountability
• Provide input to the compensation process, promotion, talent pipeline and mobility, talent reviews, succession planning and training
• 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; and ensure that all team members understand the need to do the same, 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; and ensure that all team members understand the need to do the same
• 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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications

• 15+ years of experience in a related role
• Required licensing and registrations as applicable preferred
• In-depth knowledge of respective products and clients
• Proven history of successful trading book management
• Consistently demonstrates clear and concise written and verbal communication

Education

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

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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