New York, NY, 10176, USA
9 days ago
Fixed Income Principal - C15 - NEW YORK
Description This is an opportunity to join the Structured Rates and Credit team, part of Citi Global Wealth Investments (CGWI) Capital Markets Group for the Americas. The Group serves Citi Global Wealth (CGW) Private Bankers, Investment Counsellors, Financial Advisors, and their clients. Client coverage includes UHNW individuals and Family Offices. Located in Citi’s New York Greenwich Street headquarters, the Structured Rates and Credit team is responsible for leading the full lifecycle of complex interest rate and credit transactions on behalf of Citi Global Wealth clients. The successful candidate will report to the head of the team and be primarily responsible for sales, coverage, and execution of over-the-counter (OTC) interest rate and credit derivatives. Applicants should be prepared to demonstrate their expertise in OTC interest rate and credit derivatives, with a focus on swaps, options, and structured products. Applicants should also be well versed in Dodd Frank, margining, clearing rules, and should be familiar with ISDA/credit support documentation. Roles & Responsibilities _Coverage & Execution_ + Serve as primary point of coverage within Citi Global Wealth Investments (CGWI) for Private Bankers, Investment Counselors, and Financial Advisors whose clients require access to OTC interest rate and credit markets. + Advise and execute interest rate and credit derivative transactions on behalf of the retail and family office client sector. + Understand and be an expert in all necessary pre-trade checks & due-diligence, and post trade life cycle. + Have strong understanding of the margin, credit, clearing, and legal requirements that support such OTC transactions by acting as a liaison with the relevant teams. + Forge strong relationships with key trading desks and counterparties. _Sales & Origination_ + Articulate and present the desk’s capabilities and target transactions both on internal and external sales calls. + Develop close relationships with Bankers, Investment Counsellors, and Financial Advisors to join their calls with clients that have potential transactions. + Partner with CGWI Solutions Sales & Capital Markets Sales to originate potential transactions. _Business Development_ + Identify new trading & product opportunities that could prove relevant to CGWI. + Work closely with members of the team, legal, risk, and business management partners to ensure quality and suitability of new opportunities. Qualifications & Experience + Minimum 7 years’ experience with interest rate and credit derivatives in a client facing & revenue generating capacity. + Bachelor’s degree or higher. + Series 7, 66, NFA Swaps Proficiency. + Familiarity with non-linear products preferred Skills & Competencies + Subject matter expertise with OTC interest rate and credit derivatives. + Knowledge of private credit markets preferred but not essential. + Strong familiarity with Dodd Frank, mandatory clearing, and margin rules. + Excellent interpersonal, communication, and presentation skills. + Strong analytical abilities and attention to detail. + Able to manage multiple competing work streams in a deadline driven environment. + Extensive familiarity with Bloomberg, Microsoft Office suite (Excel & Powerpoint), and VBA. ------------------------------------------------------ **Job Family Group:** Private Client Product Services ------------------------------------------------------ **Job Family:** Investment Capital Markets ------------------------------------------------------ **Time Type:** Full time ------------------------------------------------------ **Primary Location:** New York New York United States ------------------------------------------------------ **Primary Location Full Time Salary Range:** $170,000.00 - $300,000.00 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; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire. ------------------------------------------------------ **Anticipated Posting Close Date:** Oct 22, 2024 ------------------------------------------------------ Citi is an equal opportunity and affirmative action employer. Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. 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 **Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** . View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) . View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) . View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf) Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
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