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Citigroup Global Markets Inc. seeks a Trader for its New York, New York location. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols.
Job Responsibility:
Use quantitative and qualitative analyses to identify P&L drivers, especially for FX and Rates business, and provide commentary on short-term/structural changes to risk involving market and regulatory risk management for foreign exchange and equities financial products
Consolidate and prepare daily and weekly risk reports using Tableau, which include summary of cross asset exposure, stress loss and VaR analyses, to preemptively raise key market risk and P&L drivers, using statistical and mathematical techniques
Investigate MCVaR data for FX, using dimensions including risk stripe, product type and desk level to spot modeling inaccuracy, positions with significant risks, or uneconomical in terms of capital allocation
Study FX risks including FX Grid, DF/NDF basis, XCCY basis, DV01 and greeks to monitor FX exposure and provide a visualization tool for a wider audience
Monitor key cross-markets macro events across all asset classes and identify high risk exposures while also maintaining the tool designed to monitor cross market moves for financial markets in US, Europe and Asia
forecast financial market risks
Fine tune the stress scenario design process by collaborating with teams on reviewing model assumption, narrative and individual shocks by utilizing insights on historical economic events and market moves
Identify and quantify Material Risk Inventories (MRI) through the use of markets limits, stress testing scenarios, and HVaR/MCVaR factors
Diagnose emerging market themes and analyze the risk identification monitoring tool
Validate stress testing results that feeds into capital allocation by conducting a preliminary stress P&L calculation for desks with concentrated risks
Identify positions that carry significant risk to Markets' P&L by running regression analyses on both actual P&L and HVaR P&L data against various market securities
Participate in and lead discussions in FX calls to highlight event risks, topical client flows and desk positions
Track and identify key macro events and economic indicators for developed markets to support the stress testing scenario design process
Promote risk mitigating hedges to the overall global markets
Requirements:
Bachelor’s degree, or foreign equivalent, in Business Administration, Finance, Economics, or related field
3 years of experience as a Trader, Business Risk Senior Analyst, Markets Analyst, Markets and Securities Services Sales and Trading Analyst or related position involving market and regulatory risk management for foreign exchange and equities financial products at a global financial services institution
3 years of experience must include: Derivative valuation, securities trading, risk management, and regulatory risk management
Using statistical and mathematical techniques and analyses
Financial markets in US, Europe and Asia
Forecasting financial market risks based on central bank communications and data releases, election analysis, and global macro trends
Sales and Trading experience
At least 2 years of experience must include: FX market analysis and FX market products
Risks monitoring tools development
Preparing market views summaries
Weekly, monthly and yearly assessments to business positioning, stress test results and P&L
At least 1 year of experience must include report development using Tableau
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