Nam Delta One Index Forwards Trader Job at Citi (New York)

Job Description

The Delta One Index Forwards trading team is a client-driven business focused on providing clients with market access and exposure to major US and Canadian indices via delta one derivatives. The successful candidate will be responsible for making markets, pricing and executing a variety of equity derivative products, managing the risk of the book, and working in close collaboration with Sales to increase Citi's market share. This role has a broader mandate that includes taking term risks on borrow and dividend markets. The candidate will also coordinate technical development and trading tools improvement, demonstrating strong ownership of end-to-end processes.

Job Responsibility

Price, trade, and make markets for clients across a range of equity derivative products
Execute client orders hedging (live and market on close), including leveraged ETF providers flow
Monitor, manage, and take risk on various parameters including delta, financing, rates, x-ccy, term borrow, and dividends
Mark and maintain internal borrow and dividend curves through analysis and price discovery
Actively engage with the inter-dealer market for price discovery and to manage portfolio risks
Monitor and execute indices rebalancing and corporate actions affecting the indices
Monitor and reconcile PnL in partnership with the Product Control group
Work closely with partners in Funding, Product Control, Application Support, Middle Office, and Technology to enhance the platform, improve risk management, and ensure a seamless client experience
Stay up to date with market parameters and economic news to generate trading ideas
Work in close collaboration with the Sales force to ensure best-in-class client services, identify new opportunities, and be responsive to feedback to improve desk practices
Develop tactical tools and analytics to enhance the risk management framework
Practice a culture of responsible finance, governance, supervision, expense discipline, and ethics
Connect with Financing and Resources Management (FRM) to contain the resource footprint of the desk and respect allocated limits
Demonstrate strong attention to detail and ownership of end-to-end processes.

Requirements

5-8 years of experience in a Delta One or similar quantitative trading role
Proven ability to execute large orders in volatile market conditions
Strong understanding of financial or regulatory reporting and analysis
Strong data management capabilities and modeling experience
Proficiency in at least one programming language (e.g., Python, SQL, VBA) is required
Excellent communication skills, both written and verbal
Bachelors/ master’s degree or higher in a technical or quantitative field such as Engineering, Computer Science, Mathematics, Physics, or Statistics
Demonstrated ability to take ownership of processes and pay close attention to detail.

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

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Nam Delta One Index Forwards Trader

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