Trader

Citi • New York, NY

23h • $200,000 - $250,000 • Hybrid

About The Position

Citigroup Global Markets Inc. is hiring a Trader in New York, New York. The role works closely with Spread Products Trading Desks and Independent Risk Management to identify, monitor, and manage market risk and capital, with a focus on Agency and Non-Agency backed products. The position analyzes trading inventory, market themes, product performance, and market movements to assess material, concentration, and emerging risks; develops hedging strategies; and supports risk and capital management across the business.

The Trader collaborates with trading desks to manage and optimize Risk Weighted Assets across standardized charges, stress losses, and Value-at-Risk methodologies. The role also supports Spread Products Business Heads with return-on-capital and risk-appetite analysis; works with Independent Risk, Finance, Technology, and Quantitative Analytics Technology teams on regulatory capital deliverables, pricing and risk models, process automation, and risk and capital infrastructure; and helps strengthen risk monitoring, controls, and governance. The role represents Agency and Non-Agency businesses in regulatory and audit meetings, stress-testing scenario design, CCAR, and other regulatory workstreams.

A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols. This is a full-time position.

Requirements

• Master’s degree or foreign equivalent in Business Analytics, Finance, Statistics, Economics, or a related field, plus 4 years of specified experience; alternatively, a bachelor’s degree in the stated fields plus 6 years of specified progressively responsible post-baccalaureate experience.
• Experience as a Market Risk Manager, Program Analyst, First Line Risk Manager, Trader, or in a related position involving mortgage-backed securities and asset-backed securities at a global financial institution.
• Four years of experience with mortgage-backed securities, including TBAs, Specified Pools, Agency CMOs, IO/IIO, and Non-Agency securities including ABS, CMBS, RMBS, and CLO, as well as residential loans and commercial real estate loans.
• Four years of experience in financial engineering.
• Four years of experience applying statistical principles to market data and risk analysis and understanding pricing models.
• Four years of experience in stress-testing scenario design.
• Four years of experience analyzing and processing large datasets, including trading volumes, market data, and risk positioning.
• Four years of experience with Python, SQL, and VBA.
• Four years of experience with Basel Capital Rules, CCAR, VaR, and RWA.
• Four years of experience with Bloomberg and Intex.

Responsibilities

• Work with Spread Products Trading Desks and Independent Risk Management to identify, monitor, and manage market risk and capital, focusing on Agency and Non-Agency backed products.
• Identify key market risks in Citi's trading inventory by analyzing data and presenting findings in the context of market themes and environments.
• Help design appropriate hedging strategies.
• Track product performance, analyze drivers of market movements across asset classes, and assess trends to form relative-value and forward-looking views of material, concentration, and emerging risks.
• Collaborate with trading desks to manage and optimize Risk Weighted Assets across standardized charges, stress losses, and Value-at-Risk methodologies.
• Automate manual processes using Python and improve data accuracy and integrity.
• Support Spread Products Business Heads in analyzing return on capital and risk-appetite ratios.
• Work with Independent Risk, Finance, and Technology partners on regulatory capital deliverables for Spread Products.
• Collaborate with Quantitative Analytics Technology teams and stakeholders to enhance pricing and risk models, automate processes, and improve risk and capital infrastructure.
• Work with Independent Risk to size appropriate business risk limits and monitor their utilization.
• Strengthen risk monitoring, control, and governance processes within the business.
• Represent Agency and Non-Agency businesses and provide subject-matter expertise on market risk in regulatory and audit meetings, stress-testing scenario design, CCAR, and other regulatory workstreams.

Benefits

• Medical, dental, and vision coverage
• 401(k)
• Life, accident, and disability insurance
• Wellness programs
• Paid time off, including vacation, sick leave, and paid holidays
• Eligible employees may receive discretionary and formulaic incentive and retention awards

What This Job Offers

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