Trader
Citigroup•3h ago
United StatesHybrid$250KFull-timeMid Level4+ yrs exp
H-1B sponsor
Citibank, N.A. seeks a Trader, VP for its New York, New York location
Duties
- 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.
- A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols
Requirements
- Requires a Master’s degree
- 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.
- Applicants submit resumes at https://jobs.citi.com/.
- Please reference Job ID # 26969629.
- Wage Range: $250,000 to $250,000 Job Family Group: Institutional Trading Job Family: Trading ------------------------------------------------------ Job Family Group: ------------------------------------------------------ Job Family: ------------------------------------------------------ Time Type: Full time ------------------------------------------------------ Primary Location: New York New York United States ------------------------------------------------------ Primary Location Full Time Salary Range: In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.
- Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs.
- Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.
- For additional information regarding Citi employee benefits, please visit citibenefits.com.
- Available offerings may vary by jurisdiction, job level
- date of hire. ------------------------------------------------------ Most Relevant Skills Please see the requirements listed above. ------------------------------------------------------ Other Relevant Skills For complementary skills, please see above and/or contact the recruiter. ------------------------------------------------------ Anticipated Posting Close Date: Jul 31, 2026 ------------------------------------------------------ Citi is an equal opportunity employer
- qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran
- any other characteristic protected by law.
- If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .
- View Citi’s EEO Policy Statement and the Know Your Rights poster.
Required skills
PhysicsEconomicsMathematicsRisk ManagementInterest Rate SwapsPricingHedgingClient Relationship ManagementTrade Ideas Generation