Synthetic Rates Trader, Citi

Synthetic Rates Trader

Citi

Location:
United States, New York

Category:
Finance

Contract Type:
Employment contract

Salary:

150000.00 - 175000.00 USD / Year

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Job Description:

Synthetic Rates Trader position at Citi's Synthetic Rates Trading desk responsible for market making Total Return Swaps, Bond Forwards, Rate Locks, ETFs and Index products. The trader will work with Institutional Sales teams and ICG clients including insurance companies, corporates, banks, asset managers, and pension funds across the globe.

Job Responsibility:

Day to day trading of the Total Return Swap, Bond Forward, ETF and Treasury Index books
Develop and expand the business by leveraging Citi's global franchise
Market opportunities to institutional clients and internal sales teams while optimizing balance sheet
Execution of daily trade activity with Global Sales team ensuring accurate Risk and PnL reporting
Manage Technology and Model development projects as well as on-going enhancements
Seamless coordination with Product Control, Valuation, Quant and Tech teams

Requirements:

2+ years of experience with Interest Rate derivatives
Experience with US Treasuries, Futures Contracts and Volatility products
Understanding of Index, ETF products and Repo market
Quantitative and technical skills
Familiarity with pricing models and spreadsheet
Strong VBA skills
Working knowledge of Python
Series 7 and 63 licenses
Bachelor's degree/University degree or equivalent experience
Hard-working and detail-oriented
Excellent communication and teamwork skills
Enthusiastic self-starter
Strong interpersonal skills

Nice to have:

Understanding of Index, ETF products and Repo market
Working knowledge of Python
Creative problem solver

What we offer:

Medical, dental & vision coverage
401(k)
Life, accident, and disability insurance
Wellness programs
Paid time off packages including vacation, sick leave, and paid holidays
Discretionary and formulaic incentive and retention awards

Additional Information:

Job Posted:
September 23, 2025

Expiration:
September 29, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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