AVP - Quant Analyst - Cash Equities

AVP - Quant Analyst - Cash Equities

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

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Job Description

About Citi Markets:

Citi’s equities business is one of the largest and most established, both regionally and globally. Our clients include the world’s leading institutional investors and high net worth individuals and we provide these clients with value-added, independent, insightful and actionable investment advice.

The successful candidate will join Citi’s Global Markets Center in Mumbai and will work closely with New York, London and Hong Kong based sales traders, quantitative analysts and technologists.

Job Description:

  • Position Title: Assistant Vice President – Cash Equities Quant
  • Business Group: Institutional Clients Group
  • Grade/Level: Assistant Vice President
  • Function/Group: Citi Markets
  • Location: Mumbai
  • Percentage of Travel: Yes, 10% of the Time
  • Individual Contributor (IC)/Managerial: IC

Role and Responsibilities:

Day-to-Day Responsibilities:

Citi is looking to expand its team of highly talented individuals who are working on the research and development of analytics, signals and trading tools used in the context of Citi’s cash equities trading businesses. The work covers a number of product lines including pre-trade, intra-trade, post-trade products, electronic execution and central risk platforms across all major global markets.

A successful candidate will have a demonstrated ability in building quantitative analytics tools with preference given to those with direct experience in market impact cost modeling, algo/signals research or automated management of portfolio risk and a working knowledge of equites market microstructure (or other asset class). The candidate will use their knowledge of statistics to design, implement and validate models.  They will use their strong programming capability to collect, manipulate and aggregate large data sets and develop production ready components. They will use their presentation skills to summarize model outcomes and write up compelling analytical notes for internal desks and external clients.

Data types that the team works with include ultra-high frequency market trade and quote (TAQ) data and electronic trading order and execution data.

This data is used to develop:

  • Algorithmic trading analytics
  • Microstructure/signals research
  • Pre-trade cost and risk estimates
  • Portfolio risk optimizer
  • Quantitative research for internal and external publications
  • Transaction Cost Analysis (TCA) and improvement of strategy performance
  • Bespoke quantitative research for EE clients
  • The employee will be responsible for the accuracy and completeness of all modelling and analysis



  • Bachelor’s degree in Computer Science/Electrical Engineering/Mathematics/Statistics from a premier academic institution


  • 4-10 years of industry experience

Skills Required:

  • Strong analytical and quantitative background,  with good knowledge in one or more of the following disciplines – probability, quantitative finance, computer science, linear algebra, numerical methods, statistics, econometrics, time series analysis
  • Strong programming and computer science skills
  • Good knowledge of C++,  Java or Python (any one)
  • Experience with Q/KDB+ is preferable
  • Good communication skills, both verbal and written.
  • Ability to work under pressure, with minimal supervision, and in a team environment
  • Detail-oriented and with strong organizational skills


Job Family Group:

Institutional Trading


Job Family:

Quantitative Analysis


Time Type:

Full time


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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