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Trader - C13, VP, Rates Exotics (Resident)

Citi is an American multinational investment bank and financial services corporation headquartered in New York City, NY.

(more about Citi)

Trader - C13, VP, Rates Exotics (Resident)

Rates is a market maker in sovereign and agency securities, interest rate derivatives, structured notes and secured financing. We are a primary dealer in market rates products including government securities across multiple jurisdictions and is a global liquidity provider across secondary markets. Derivatives trading platforms transact in linear and non-linear strategies, ranging from vanilla to customized products and support our clients in managing their interest-rate exposures or express market views.

The Rates Exotics Trader is a senior level position responsible for overseeing a trading book and managing book risk, in coordination with the Trading team. The overall objective of this role is to ensure book trades deliver on budgeted revenues, and to coordinate with key stakeholders to develop the trading franchise.

Responsibilities:

  • Oversee a trading book and generate revenues and manage risk for the respective business

  • Coordinate with Sales, Research, CM and other organizations across Markets and Securities Services and the broader business

  • Trade a book and deliver on budgeted revenues and manage book risk

  • Establish and maintain key relationships to deliver trades to the desk

  • Anticipate client demand in each respective product/market

  • Coordinate with desk analysts as needed and with sales to develop the franchise

  • 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:

  • 6-10 years of experience in a related role

  • Knowledge of respective products and clients

  • 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

  • Ability to analyze and pitch situations and determine suitable counterparties

  • Knowledge of Bloomberg, booking systems, trading protocol, closing technicalities.

Education:

  • Bachelor’s degree/University degree or equivalent experience

  • Master’s degree preferred.

Citi’s efforts with compliance with regulatory guidelines require the successful candidate to work full time in the primary office location (Resident).

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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:

Jun 25, 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.

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View the EEO Policy Statement.

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