Algo and e-Trading Applications Development Manager, Director

New York, New York • Full time

About the role

This senior management position leads multiple teams responsible for establishing and implementing new or significantly revised electronic trading and algorithmic application systems. The role carries co-equal ownership of three domains — Fixed Income execution algo, full trading-desk tooling, and RFQ workflow — including their technology stack, roadmap, and engineering teams. The incumbent serves as the primary technology partner to Fixed Income trading desks, ensuring Citi maintains and extends its position as a leading Fixed Income franchise.

Responsibilities

• Own the design, architecture, and delivery of Fixed Income execution algorithms, collaborating directly with trading desk end-users to enhance execution quality and delivery velocity.
• Lead the design and build of full-featured, front-to-back trading applications — order/execution management (OMS/EMS), pricing and quoting interfaces, position and risk views, and real-time desk workflow tooling used by traders.
• Own the end-to-end RFQ workflow — auto-quoting, request routing, pricing integration, dealer-to-client / dealer-to-dealer venue connectivity, and straight-through processing.
• Lead and develop multiple engineering teams, including performance management, hiring, and ensuring adherence to best practices and Citi policy.
• Manage stakeholder relationships across regions, presenting regular project and team reviews to senior management and business leaders.
• Collaborate with globally distributed eTrading teams to build and leverage shared solutions, maximizing platform reuse.
• Oversee budgeting, planning, policy formation, disaster recovery, and change management with appropriate controls and regulatory compliance.
• Assess and manage risk in all business decisions, ensuring transparency, ethical conduct, and compliance with applicable laws, rules, and regulations.
• Conduct comprehensive personnel duties (e.g., performance evaluations, hiring, and disciplinary actions) and ensure teams adhere to robust development processes tailored for trading systems.
• Develop a clear vision for the team around roles and responsibilities, structuring teams for optimal impact and alignment to business structures within the electronic trading landscape.
• Prepare and present regular team/project reviews, including strategic initiatives and performance metrics for trading applications, to senior management and business leaders.
• Drive the strategic design and advanced development of system architecture for low-latency, high-throughput electronic trading platforms.
• Ensure staff adheres to Citi documented policy and procedures, maintaining desktop procedures and supporting documentation for all trading system filings.
• Monitor and strategically manage electronic trading application initiatives, including budgeting, planning, and contributing to future technology strategy.
• Ensure all changes to trading systems are managed with appropriate controls, comprehensive documentation, and necessary approvals, including regulatory reporting requirements.
• Research and resolve complex technical and business issues related to electronic trading, providing expert recommendations and escalating as needed.
• Manage and maintain disaster recovery plans for critical trading applications, oversee testing, and provide permit-to-operate for new or updated systems.
• Lead and deliver local staff forums, presenting global, regional, and location news and updates to engage the team in electronic trading technology advancements.
• Contribute to defining and implementing best practices and processes for high-performance and regulated trading environments, ensuring transparency and consistency.
• Appropriately assess risk in strategic business decisions regarding electronic trading platforms, demonstrating consideration for the firm’s reputation and compliance.

Requirements

• 15+ years of relevant experience in financial services, with a significant and proven track record in electronic trading or algorithmic trading applications development.
• 8-10+ years of managerial experience, leading large-scale and critical technology teams, preferably in a global context.
• Extensive experience with complex financial products and trading mechanisms.
• Advanced working knowledge of the electronic trading industry, market microstructure, and competitors’ products and services.
• Advanced knowledge of the strategic direction of the function within electronic and algorithmic trading.
• Proficient computer skills with a focus on advanced technical tools, development environments, and data analysis platforms used in trading, in addition to Microsoft Office applications.
• Demonstrated exceptional leadership, management, and talent development skills, with a proven ability to lead and motivate highly skilled technical teams.
• Deep understanding of low-latency, high-performance computing, distributed systems, and multi-threading techniques applied to trading.
• Expertise in relevant programming languages (e.g., Low Latency Java).

Qualifications

• Bachelor’s degree/University degree in Computer Science, Engineering, Mathematics, or a related quantitative field, or equivalent experience.
• Master’s degree preferred.

Pay

$170,000.00 - $300,000.00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.

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

Available offerings may vary by jurisdiction, job level, and date of hire.