Trader

Citigroup Global Markets Inc. seeks a/ Trader for its New York, New York location.

Duties: Work closely with Spread Products Trading Desks and Independent Risk Management to identify, monitor, and manage market risk and capital, with a focus on Agency and Non-Agency Backed products. Identify key market risks within Citi's trading inventory with consideration of key market themes and environments through data analysis and presentation. Help design appropriate hedging strategies as needed. Closely track performance of products on a regular basis, understand the drivers of market movements across different asset classes, analyze notable trends to form relative value and forward-looking view of material, concentration, and emerging risks. Collaborate extensively with trading desks to strategically manage and proactively optimize Risk Weighted Assets across various methodologies, including standardized charges, stress losses, and Value-at-Risk. Improve team efficiency by automating manual process Python and enhanced data accuracy and integrity. Support Spread Products Business Heads to analyze their return on capital and risk appetite ratios. Work with partners in Independent Risk (2nd Line of Defense), Finance and Technology to manage regulatory capital related deliverables for Spread Products. Work with Quantitative Analytics Technology teams and other stakeholders to enhance existing pricing and risk models, automate manual processes and improve existing risk and capital infrastructure. Work closely with Independent Risk in sizing appropriate risk limits for the overall business and monitor risk limit utilizations across businesses. Strengthen risk monitoring, control, and governance process within the business. Represent Agency and Non-Agency businesses providing SME input on market risk in Regulatory/Audit Meetings, Stress Testing scenario design/CCAR/other regulatory workstreams. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols.

Requirements: Requires a Master’s degree, or foreign equivalent in Business Analytics, Finance, Statistics, Economics, or related field and 4 years of experience as a Market Risk Manager, Program Analyst, First Line Risk Manager, Trader, or related position involving Mortgage backed securities and Asset backed securities at a global financial institution. Alternatively, employer will accept a Bachelor degree in the stated fields and 6 years of the specified progressively responsible, post-baccalaureate experience. Four (4) years of experience must include:

• In-depth knowledge in Mortgage-backed securities, including TBAs, Specified Pools, Agency CMOs, IO/IIO, and in Non-Agency securities including ABS, CMBS, RMBS, and CLO, as well as residential loan and commercial real estate loans;

• Financial Engineering;

• Statistics principles for analyzing market data and risk, and understanding pricing model;

• Stress testing scenario design;

• Data Analysis and processing of large data sets including trading volumes, market data, and risk positioning;

• Python/SQL/VBA;

• Basel Capital Rules and CCAR, VaR, RWA; and

• Bloomberg, Intex.

Applicants submit resumes at https://jobs.citi.com/. Please reference Job ID #261001042. EO Employer.

Wage Range: $200,000 to $250,000

Job Family Group: Institutional Trading

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:

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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Most Relevant Skills

Wholesale Lending Operations Management.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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Anticipated Posting Close Date:

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Automated Processing and AI

We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.

Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.

Illinois residents – AI Notice and Right

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

*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.

View Citi’s EEO Policy Statement and the Know Your Rights poster.*