VP Systemic Trader - Bond & ETF Market Making (Hybrid)

Citigroup Inc.; New York (NY); Hybrid; USD 230,000 - 237,000; Full time

Job summary

Citigroup Global Markets Inc. in New York seeks a Systemic Trader, VP to trade bonds and ETF baskets using Citi bond algorithm, aiming to maximize market share and revenue; you will identify arbitrage opportunities and optimize client trades while controlling costs.

You will collaborate with quantitative analysts to improve trading algorithms, perform self-driven research on revenue opportunities, and mentor junior analysts within a hybrid work arrangement.

Qualifications

• Requires a Master’s degree or foreign equivalent in Operations Research and Information Engineering, Computer Science, Computer Engineering, or related field plus 3 years of experience in trading/quant analysis for ETF/bond trading.
• Alternatively, a Bachelor’s degree with 5 years of progressive experience in similar roles accepted.
• Proficiency in Python programming; KDB programming for data analysis; expertise in trading algorithms for automatic-trading and market regime adaptation.

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.
• Structure and optimize trades for clients to minimize costs and meet objectives.
• Provide market information to ETF providers and manage ETF liquidity via creation/redemption trades.
• Collaborate with quantitative analysts to improve the trading algorithm and give feedback on changes.
• Perform self-driven research to identify new revenue opportunities and guide junior analysts.

Skills

Python programming

KDB programming

Trading algorithms expertise

P&L attribution math

ETF Fair-Value computation

ETF/Portfolio optimization

Corporate-bonds trading

Quantitative analysis

Education

Master's degree in Operations Research / Information Engineering / Computer Science / Computer Engineering or related field

Bachelor's degree in stated fields with 5 years of progressive experience

Tools

KDB+

Algorithmic trading platforms

Job description

Citigroup Global Markets Inc. in New York seeks a Systemic Trader, VP to trade bonds and ETF baskets using Citi bond algorithm, aiming to maximize market share and revenue; you will identify arbitrage opportunities and optimize client trades while controlling costs.

You will collaborate with quantitative analysts to improve trading algorithms, perform self-driven research on revenue opportunities, and mentor junior analysts within a hybrid work arrangement.