Trader

Citi • New York, NY

1d • Hybrid

About The Position

Citigroup Global Markets Inc. seeks a Trader for its New York, New York location. Duties: 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. Identify concentrated market level risk and propose risk mitigating hedge ideas. Promote risk mitigating hedges to the overall global markets. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols.

Requirements

• Bachelor’s degree, or foreign equivalent, in Business Administration, Finance, Economics, or related field and 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.

Responsibilities

• 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.
• Identify concentrated market level risk and propose risk mitigating hedge ideas.
• Promote risk mitigating hedges to the overall global markets.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level