Systemic Trader, VP
Sign up free to see how well your resume matches this role.
What you'll do
- Trade bonds and exchange-traded funds (ETF) using the Citi bond algorithm with a goal to maximize market share and revenue.
- Find and trade on arbitrage opportunities in corporate bond ETFs based on liquidity and bond prices.
- Enable clients by optimizing and executing bond portfolio lists which minimize transaction costs and achieve specific objectives.
- Work with clients to understand their needs and structure trades which best suit their objectives.
- Provide relevant market information to ETF providers and help them manage the liquidity of their ETFs by doing creation/redemption trades.
- Work with quantitative analysts to improve the bond trading algorithm by giving quick feedback to new changes and market regimes.
- Perform self-driven research to identify new revenue opportunities based on market intuition and inefficiencies.
- Work with junior analysts to distribute tasks and projects to best utilize the desk resources.
What they're looking for
- Master’s degree, or foreign equivalent, in Operations Research and Information Engineering, Computer Science, Computer Engineering, or related field and 3 years of experience as a Trader, Quantitative Analysis Program Analyst, Trading Analyst, or related position involving computer programming and data analysis for ETF and bond trading at a global financial services institution.
- Alternatively, employer will accept a Bachelor’s degree in the stated fields and 5 years of the specified progressive, post-baccalaureate experience.
- Python programming
- KDB programming for data analysis
- Expertise in trading algorithms for automatic-trading machine monitoring and to identify weaknesses and propose improvements
- Mathematical evaluation of P&L attribution, ETF Fair-Value computation, and ETF/Portfolio baskets optimization
- Corporate-bonds trading with focus on timely moving risk from books at profitable levels
- ETF creation and redemption
Summarised by NextRaise from the employer’s description, which follows in full below.
Full description from employer
Citigroup Global Markets Inc. seeks a Systemic Trader, VP for its New York, New York location.
Duties: Trade bonds and exchange-traded funds (ETF) using the Citi bond algorithm with a goal to maximize market share and revenue. Find and trade on arbitrage opportunities in corporate bond ETFs based on liquidity and bond prices. Enable clients by optimizing and executing bond portfolio lists which minimize transaction costs and achieve specific objectives. Work with clients to understand their needs and structure trades which best suit their objectives. Provide relevant market information to ETF providers and help them manage the liquidity of their ETFs by doing creation/redemption trades. Work with quantitative analysts to improve the bond trading algorithm by giving quick feedback to new changes and market regimes. Perform self-driven research to identify new revenue opportunities based on market intuition and inefficiencies. Work with junior analysts to distribute tasks and projects to best utilize the desk resources. 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 Operations Research and Information Engineering, Computer Science, Computer Engineering, or related field and 3 years of experience as a Trader, Quantitative Analysis Program Analyst, Trading Analyst, or related position involving computer programming and data analysis for ETF and bond trading at a global financial services institution. Alternatively, employer will accept a Bachelor’s degree in the stated fields and 5 years of the specified progressive, post-baccalaureate experience. Full span of experience must include: Python programming; KDB programming for data analysis; Expertise in trading algorithms for automatic-trading machine monitoring and to identify weaknesses and propose improvements; Mathematical evaluation of P&L attribution, ETF Fair-Value computation, and ETF/Portfolio baskets optimization; Corporate-bonds trading with focus on timely moving risk from books at profitable levels; and ETF creation and redemption. Applicants submit resumes at https://jobs.citi.com/. Please reference Job ID #26974084. EO Employer.
Wage Range: $233,813 to $233,813
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
Wholesale Lending Operations Management.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
Anticipated Posting Close Date:
------------------------------------------------------
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
------------------------------------------------------
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.
Company
Company facts come from this company's own listings. We only show what the postings themselves carry.