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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: New York City, New York

Salary: $175K - $175K

Citigroup or Citi is an American multinational investment bank and financial services corporation incorporated in Delaware and headquartered in New York City. The company was formed by the merger of Citicorp, the bank holding company for Citibank, and Travelers in 1998; Travelers was spun off from the company in 2002.

Citigroup is the third largest banking institution in the United States by assets; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four banking institutions of the United States. It is considered a systemically important bank by the Financial Stability Board and is commonly cited as being too big to fail. It is one of the eight global investment banks in the Bulge Bracket. Citigroup is ranked 36th on the Fortune 500. and was ranked #24 in Forbes Global 2000 in 2023. Details below.

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

Duties: Assist with a trading book and generate revenues and manage risk for the business. Design and implement various pricing methodologies, applying knowledge of financial engineering, statistics and calculus. Develop the risk appetite by determining the pricing methods for the new trades. Establish and maintain key relationships to deliver trades to the desk. Work with control functions such as Legal, Compliance, Market and Credit Risk, Audit, Finance in order to ensure appropriate governance and control infrastructure. Trade complex equity single stock derivative risks and design and execute hedging strategies by evaluating the various risk factors of the trading book. Manage single stock related event risks such as earnings, news release. Manage events specific to an exotic trading book including call notifications, barrier monitoring and monetization risk around barriers, single stock correlation risk. Work with Quant teams to design next generation risk management models and tools. Use statistics, calculus and programming techniques including VBA, Python, Excel to build risk management tools. Leverage transactional knowledge of the equity derivatives marketplace to execute trades using various futures, listed options, call vs calls. Utilize cross asset product knowledge to execute FX spots/options, rates futures, interest rate swaps and other non-equity instruments to hedge non-equity risks.

Requirements: Must possess a Bachelor’s degree, or foreign equivalent, in Financial Engineering, Finance, Statistics, Mathematics, Economics or a related field, and two (2) years of experience in the job offered or in a related occupation. Must possess two (2) years of experience with all of the following: Managing equity derivatives risks including delta, vega, gamma, and theta; Managing life cycle events of exotic derivatives including autocall, expiry, and barrier event; Managing single stock related event risks including earnings and new releases; Trading listed options electronically or with inter-dealer brokers; Using programming software including Python and VBA to generate reports; Using derivatives pricing models including local vol model; Product knowledge in derivative products including accumulators and autocallables; and Utilizing Microsoft Excel to build risk management tools. 40 hrs./wk.

Wage Range:                $175,000.00 to $175,000.00

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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Anticipated Posting Close Date:

May 06, 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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