This list contains only the countries for which job offers have been published in the selected language (e.g., in the French version, only job offers written in French are displayed, and in the English version, only those in English).
The Equity ETF Market Making Trader is responsible for overseeing the Equity ETF Market Making book within the Central Risk Book, generating revenues, and managing book risk. This role involves developing and implementing market making strategies, improving risk management, and coordinating with stakeholders to enhance trading performance.
Job Responsibility:
Manage the Equity ETF Market Making book, providing liquidity across domestic and international ETF products while optimizing revenue generation
Develop and implement market making strategies that balance revenue optimization with disciplined risk management across varying market conditions
Respond to RFQs using quantitative models and real-time analytics, dynamically tuning parameters based on market conditions, inventory positions, and risk appetite
Hedge risk using equities, futures, and FX instruments to neutralize directional, sector, and currency exposures
Utilize quantitative techniques and intraday risk analytics for ETF trading and risk management
Apply market risk models (including Barra models) to manage trading book risk, optimize hedging ratios, and assess factor exposures
Monitor P&L attribution and conduct backtests to validate model assumptions, stress-test performance, and refine trading strategies
Program research in Python and KDB/Q to optimize alpha capture, reduce market impact, and enhance hedging effectiveness
Partner with quantitative researchers to optimize execution strategies through data-driven approaches
Collaborate with sales teams to understand client needs, provide market insights, and develop customized solutions
Work with technology teams to enhance trading infrastructure and system performance
Liaise with control functions (Legal, Compliance, Market and Credit Risk, Audit, Finance) by providing data and analysis to support governance infrastructure
Support regulatory reporting, control testing, and audit reviews
Build a culture of responsible finance, good governance, expense discipline, and ethics
Oversee and manage risk of trading books across stocks, ETFs, and delta-one products, ensuring compliance with firm-level capital allocation guidelines and regulatory risk frameworks
Implement and monitor trading limits including position limits, concentration limits, and Greek limits
Synthesize periodic strategic performance reviews for senior management
Appropriately assess risk when business decisions are made, demonstrating consideration for the firm's reputation and safeguarding Citigroup, its clients, and assets
Requirements:
6-10 years of experience in quantitative trading or risk management, preferably within a Broker/Dealer, Hedge Fund, or Asset Manager
Direct ETF Market Making experience managing stocks, ETFs, and delta-one products with both domestic and international underlying
Advanced coding competency in Python (NumPy, Pandas, SciPy, scikit-learn) and KDB/Q
Strong understanding and practical experience with quantitative risk modeling, including Barra market risk models and Barra GEM models
Demonstrated ability in alpha research, quantitative analysis, P&L attribution, and back-testing
Proficient knowledge of Bloomberg, equity trading systems, trading protocols, and closing technicalities
Knowledge of equity trading products, clients, ETF structure, and derivatives
Clear and concise written and verbal communication
Effective interpersonal skills to develop and maintain relationships with internal and external stakeholders
Required licensing and registrations as applicable
Bachelor's degree in a quantitative discipline or equivalent experience
What we offer:
medical, dental & vision coverage
401(k)
life, accident, and disability insurance
wellness programs
paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays