Trader
Citigroup
Citi is looking to hire a trader for the Equity Funding desk.
By joining this desk, you will be responsible for trading Equity Swaps, repos, stock loan, FX swaps and interest rate swaps. The successful applicant will work under the supervision of the desk head while building their skills to develop autonomy in decision making & book management
The role will require analysis of the many constraining factors including liquidity, tenor management, regulatory metrics & inventory optimization to execute the most cost efficient structures. This is with the objective of supporting the continued growth of the wider Prime, D1 & Equities business at Citi.
You will also be expected to lead and support on projects to enhance the existing processes, controls, technology, reporting, product offering and liquidity models
**Responsibilities:**
+ Execute new trades & lifecycle events across the range of products traded by the desk
+ Execute appropriate hedges to mitigate FX, cross currency, interest rate exposures
+ Responsible for book management, risk monitoring, flashing the P&L
+ Analyze the outputs of a variety of reporting, with large volumes of data, to make decisions about the required trade types, structures, tenors & sizes
+ Execute projects/analysis on important metrics to understand the theory, propose logic changes, inform trading decisions, ensure accurate pricing
+ Develop funding solutions that are additive to Citi’s economic profitability
+ Work with technology and quant partners to develop systematic improvements
+ Liaise with treasury to coordinate usage of the firms resources, changes to liquidity and stay updated on changing requirements
+ Liaise with sales to develop the franchise, anticipating client & internal demand in each respective product/market.
+ 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; 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
+ 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.
**Qualifications:**
+ 5-10 years of experience in a related role
+ Experience of working for a large banking institution in a trading role
+ Knowledge of respective products and clients
+ Required licensing and registrations as applicable (SIE, Series 7, Series 63, Series 57)
+ Advance analytical and numerical competency
+ Consistently demonstrates clear and concise written and verbal communication
+ Effective interpersonal skills to develop and maintain relationships with internal and external stakeholders
+ Knowledge of Bloomberg, booking systems, trading protocol, closing technicalities
**Education:**
+ Bachelor’s degree/University degree or equivalent experience
+ Master’s degree preferred
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**Job Family Group:**
Institutional Trading
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**Job Family:**
Trading
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**Time Type:**
Full time
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**Primary Location:**
New York New York United States
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**Primary Location Full Time Salary Range:**
$175,000.00 - $250,000.00
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.
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**Anticipated Posting Close Date:**
Nov 14, 2024
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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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