Stable Value Wrap Trader (Trader - C11), Officer, Rates (Hybrid)

Citi 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.

We are seeking an Officer level, Stable Value Wrap Trader . This is an intermediate level position responsible for assisting with trade underwriting and pricing, client communication, trading book entry, measuring and mitigating risk, in coordination with the Trading team. The overall objective of this role is to process trades for a trading book, maintain risk metrics and achieve revenue targets.

Responsibilities:

• Assist with a highly negotiated over the counter trading book and generate revenues and manage risk for the respective business
• Model and underwrite new trades in pricing effort
• Coordinate with Sales, credit and Client Management for client research and onboarding
• Have regular contact with clients and prospective clients related to current trades and bidding opportunities
• Produce front office risk report
• Conduct investment portfolio reviews with asset manager clients to understand underlying risk concentrations and adherence to investment parameters
• Interact with RWA reporting team to ensure capital is calculated properly based on model driven outcomes under BASEL III guidelines
• Understand proprietary risk model.  Each trade is modeled and updated periodically
• Produce daily book P&L
• Anticipate client demand in 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
• 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:

• 2-5 years of experience in a related role
• Knowledge of respective Stable Value Wrap product and clients
• Knowledge of fixed income securities and derivatives, including: Treasuries, corporates, Mortgage backed securities, asset backed securities, futures, CDS and interest rate swaps
• Exceptional analytical and numerical competency
• Coding skills are a plus
• 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.

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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:

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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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