Trader

About the position Citibank, N.A. seeks a Quantitative Trader for its New York, New York location. Duties: Apply mathematical or statistical techniques to address practical issues in finance, such as derivative valuation, securities trading, risk management, or financial market regulation. Interpret results of financial analysis procedures. Provide application or analytical support to researchers or traders on issues such as valuations or data. Devise or apply independent models or tools to help verify results of analytical systems. Develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques. Maintain or modify all financial analytic models in use. Identify, track, or maintain metrics for trading system operations. Interpret results of financial analysis procedures. Research or develop analytical tools to address issues such as portfolio construction or optimization, performance measurement, attribution, profit and loss measurement, or pricing models. Consult traders or other financial industry personnel to determine the need for new or improved analytical applications. Interpret results of financial analysis procedures. Develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques. Research new financial products or analytics to determine their usefulness. Identify, track, or maintain metrics for trading system operations. Research or develop analytical tools to address issues such as portfolio construction or optimization, performance measurement, attribution, profit and loss measurement, or pricing models. Produce written summary reports of financial research results. Identify, track, or maintain metrics for trading system operations. Prepare requirements documentation for use by software developers. 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 Computational Finance, Computer Science, Financial Engineering, Information Science or a related field and 3 years of experience as a Quantitative Trader, Quantitative analysis Program Analyst, Algorithmic Trader or related position Trading global currencies for a global financial institution. Will also accept a Bachelor’s degree or foreign equivalent in the above disciplines and 5 years of progressive, post baccalaureate experience as listed above. 3 years of experience must include: Electronically conduct Market Making currency trading for global currencies for a global financial institution through model parametrization, manual hedging, skews and proprietary views. Assessing algo hedging decisions to improve trade monetization. Improving bid/offer depth of book calibration during volatile market conditions to provide consistent pricing for clients and monetizing risk exposure; Enhancing inventory and skewing models by providing real time feedback to the quantitative research team; Efficiently use KDB to rapidly prototype applications, reports and iterate high frequency data; and Liaise with sales to make data driven decisions using trade and rfq data to analyze market impact and stream optimization. Applicants submit resumes at https://jobs.citi.com/. Please reference Job ID #26939361. EO Employer. Wage Range: $160,000 to $175,000 Job Family Group: Institutional Trading Job Family: Trading ------------------------------------------------------ Job Family Group: ------------------------------------------------------ Job Family: ------------------------------------------------------ Time Type: Full time ------------------------------------------------------ Primary Location: New York New York United States ------------------------------------------------------ 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. ------------------------------------------------------ Most Relevant Skills Please see the requirements listed above. ------------------------------------------------------ Other Relevant Skills For complementary skills, please see above and/or contact the recruiter. ------------------------------------------------------ Anticipated Posting Close Date: ------------------------------------------------------ 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.

Responsibilities

• Apply mathematical or statistical techniques to address practical issues in finance, such as derivative valuation, securities trading, risk management, or financial market regulation.
• Interpret results of financial analysis procedures.
• Provide application or analytical support to researchers or traders on issues such as valuations or data.
• Devise or apply independent models or tools to help verify results of analytical systems.
• Develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques.
• Maintain or modify all financial analytic models in use.
• Identify, track, or maintain metrics for trading system operations.
• Research or develop analytical tools to address issues such as portfolio construction or optimization, performance measurement, attribution, profit and loss measurement, or pricing models.
• Consult traders or other financial industry personnel to determine the need for new or improved analytical applications.
• Research new financial products or analytics to determine their usefulness.
• Produce written summary reports of financial research results.
• Prepare requirements documentation for use by software developers.

Requirements

• Requires a Master’s degree or foreign equivalent in Computational Finance, Computer Science, Financial Engineering, Information Science or a related field and 3 years of experience as a Quantitative Trader, Quantitative analysis Program Analyst, Algorithmic Trader or related position Trading global currencies for a global financial institution. Will also accept a Bachelor’s degree or foreign equivalent in the above disciplines and 5 years of progressive, post baccalaureate experience as listed above.
• 3 years of experience must include: Electronically conduct Market Making currency trading for global currencies for a global financial institution through model parametrization, manual hedging, skews and proprietary views.
• Assessing algo hedging decisions to improve trade monetization.
• Improving bid/offer depth of book calibration during volatile market conditions to provide consistent pricing for clients and monetizing risk exposure
• Enhancing inventory and skewing models by providing real time feedback to the quantitative research team
• Efficiently use KDB to rapidly prototype applications, reports and iterate high frequency data
• Liaise with sales to make data driven decisions using trade and rfq data to analyze market impact and stream optimization.

Benefits

• 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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