NAM Delta One Index Forwards Trader, Vice President
About The Position
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.
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.
Responsibilities
- Price, trade, and make markets for clients across a range of equity derivative products. The primary product is swaps, but the role also involves pricing and trading futures (vanilla, TRF, dividend), options combos, rev/cons, equity forwards, and other equity-based derivatives on major US and Canadian indices (S&P, Nasdaq, Russell, MSCI).
- 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.
Benefits
- 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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What This Job Offers
Job Type
Full-time
Career Level
Executive
