Job details
- Location
- New York, NY
- Work type
- Onsite
- Compensation
- $110,000 - $125,000/yr
- Visa
- Sponsorship available
- Posted
- 4 weeks ago
- Apply on
- citi.wd5.myworkdayjobs.com
About this role
Citi is seeking an Equities Options Index Flow Trader to support its Institutional Trading business. The role assists with trading books, executes client flow and hedges, monitors liquidity and risk, analyzes volatility and relative value opportunities, and coordinates with Sales, Research, Risk, Operations, Technology, and control functions.
What you'll do:
- Assist with a trading book and generate revenues and manage risk for the respective business, including managing trading clients options flow, ETF-linked options activity, or structuring / structured product hedging
- Coordinate with Sales, Research, CM and other organizations across Markets and Securities Services and the broader business
- Trade a book and deliver on budgeted revenues and manage book risk
- Establish and maintain key relationships to deliver trades to the desk
- Anticipate client demand in each respective product/market
- Coordinate with desk analysts as needed and with sales to develop the franchise
- Work directly with RTY/NDX, International, Cross-Asset, and Options Based ETF traders to monitor liquidity, build quant-based risk tools, execute client flow and hedges
- Analyze Index vs ETF volatility relationships and relative value trades
- Collaborate with Sales to provide market color and updates, Structuring for higher margin pricing / flow, and Risk, Operations, and Technology teams for trade lifecycle management, control reporting / monitoring, daily summaries, risk reports, and flow recaps
- Work in close partnership with control functions such as Legal, Compliance, Market and Credit Risk, Audit, Finance in order to ensure appropriate governance and control infrastructure
- Build a culture of responsible finance, good governance and supervision, expense discipline and ethics
- Appropriately assess risk/reward of transactions when making business decisions; demonstrating proper consideration for the firm's reputation
What they're looking for:
- 0-3 years of experience in a related role
- Quantitative background focused on Options
- Knowledge of respective products and clients
- Required licensing and registrations as applicable
- Advanced analytical and numerical competency
- Consistently demonstrates clear and concise written and verbal communication
- Effective interpersonal skills to develop and maintain relationships with internal and external stakeholders
- Ability to analyze and pitch situations and determine suitable counterparties
- Knowledge of Bloomberg, booking systems, trading protocol, closing technicalities
- Bachelor's degree/University degree or equivalent experience
- Understanding of Computer Science along with the programming and math coding skills
Benefits:
- Discretionary and formulaic incentive and retention awards for eligible employees
- Medical, dental & vision coverage
- 401(k)
- Life, accident, and disability insurance
- Wellness programs
- Paid planned time off (vacation)
- Paid unplanned time off (sick leave)
- Paid holidays
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