Systemic Trader, VP

Responsibilities

• Trade bonds and exchange-traded funds (ETF) using the Citi bond algorithm with a goal to maximize market share and revenue.
• Find and trade on arbitrage opportunities in corporate bond ETFs based on liquidity and bond prices.
• Enable clients by optimizing and executing bond portfolio lists which minimize transaction costs and achieve specific objectives.
• Work with clients to understand their needs and structure trades which best suit their objectives.
• Provide relevant market information to ETF providers and help them manage the liquidity of their ETFs by doing creation/redemption trades.
• Work with quantitative analysts to improve the bond trading algorithm by giving quick feedback to new changes and market regimes.
• Perform self-driven research to identify new revenue opportunities based on market intuition and inefficiencies.
• Work with junior analysts to distribute tasks and projects to best utilize the desk resources.

Requirements

• Requires a Master’s degree, or foreign equivalent, in Operations Research and Information Engineering, Computer Science, Computer Engineering, or related field and 3 years of experience as a Trader, Quantitative Analysis Program Analyst, Trading Analyst, or related position involving computer programming and data analysis for ETF and bond trading at a global financial services institution.
• Alternatively, employer will accept a Bachelor’s degree in the stated fields and 5 years of the specified progressive, post-baccalaureate experience.
• Full span of experience must include:
  • Python programming;
  • KDB programming for data analysis;
  • Expertise in trading algorithms for automatic-trading machine monitoring and to identify weaknesses and propose improvements;
  • Mathematical evaluation of P&L attribution, ETF Fair-Value computation, and ETF/Portfolio baskets optimization;
  • Corporate-bonds trading with focus on timely moving risk from books at profitable levels;
  • ETF creation and redemption.

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;
• discretionary and formulaic incentive and retention awards.

Pay

Salary range: $233,813 to $233,813.

Schedule

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