Trader, VP Job at Citi (New York)

Job Responsibility

Develop the risk and trading infrastructure, including portfolio risk, and ensure risks are correctly represented
Respond to client price inquiries for interest rate swaps
Manage market risk from client activity at a portfolio level
Coordinate with control functions to ensure compliance with regulations, and partner with Finance to ensure that the trading desk performance is accurately captured
Guide the technological development of trading desk operations
Develop Markets products with particular focus on Interest Rate Derivatives across the curve
Pricing and hedging transactions with large Interest Rate Delta and experience at managing higher level PCA risks in the trading desk’s Interest Rate Derivative portfolio
Working with regulations which affect Interest Rate Swaps trading
Oversee a USD interest rate swaps trading book and generate revenues and manage risk for USD interest rate swaps business
Coordinate with Sales, Research, Capital Markets, and other organizations across Markets and Securities Services, and the broader business
Trade a book and deliver on budgeted revenues and manage book risk
Establish and maintain key relationships to deliver trades to the desk, and anticipate client demand in each respective product/market
Coordinate with desk analysts as needed, and with sales to develop the franchise
Generate trade ideas and take market risks to create an additional source of alpha to the desk’s performance

Master’s degree, or foreign equivalent, in Physics, Economics, Mathematics or related field and 4 years of experience as a Trader, Sales and Trading Program Analyst or related position supporting USD interest rate Swaps Trading within a global financial firm. Alternatively, employer will accept a Bachelor’s degree in the stated fields and 6 years of progressively responsible, post-baccalaureate experience. Full span of experience must include: Pricing interest rate swaps
Pricing and hedging transactions
Coordination with control functions to ensure compliance with regulations and accurate records of the trading desk performance
Developing technological platforms, pricing tools, booking and risk management systems
Risk Management at a portfolio level
Maintaining a USD interest rate swaps curve
Client relationship management
Generating trade ideas
Taking market risks to generate an additional source of alpha to the desk’s performance.

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