We are seeking a highly analytical and experienced Risk Portfolio Trader to manage portfolio trading flows and strategies. The ideal candidate will be practiced in the portfolio management of systematic and index rebalance strategies, the research and prediction of index rebalancing events, and the generation of trading strategies. This role requires an individual who is comfortable generating systematic signals for inventory management, and managing them from idea generation through testing, deployment, and monitoring. The trader must be fluent in modern analytical and statistical techniques. The role involves generating trading revenues, managing book risk, developing and implementing quantitative strategies, and coordinating with various stakeholders to enhance trading performance.
Responsibilities:
- Manage portfolios of systematic and index rebalance strategies, utilizing quantitative techniques and intraday risk analytics to support Central Risk Book (CRB) trading and risk management.
- Research, predict, and estimate equity index rebalancing events and flows in accordance with established index methodologies and schedules.
- Analyze index composition changes, corporate actions, and economic indicators, and assess their impact on portfolios and market dynamics.
- Generate systematic trading strategies and own the full alpha lifecycle from idea generation through testing, backtesting, deployment, and ongoing monitoring.
- Conduct alpha research, quantitative analysis, and ongoing performance assessment to support the enhancement of existing P&L and trading strategies.
- Monitor profit and loss (P&L) attribution and conduct backtests to adjust and refine trading strategies.
- Utilize market risk models to manage trading book risk and tune parameters under an optimization framework.
- Program in Python and KDB/Q to optimize alpha capture, reduce market impact, and enhance hedging effectiveness across trading desks.
- Leverage modern analytical and statistical techniques to conduct research and analysis.
- Partner with quantitative researchers and portfolio managers to optimize alpha capture, reduce market impact, and enhance hedging effectiveness through data-driven execution strategies.
- Oversee and manage risk of trading books across stocks, ETFs, and delta-one products, ensuring compliance with firm-level capital allocation guidelines and regulatory risk frameworks.
- Coordinate with trading desks to ensure timely and accurate execution of rebalance trades.
- Establish and maintain key relationships to deliver trades to the desk, and coordinate with desk analysts and sales to develop the franchise.
- Coordinate with Sales, Research, CM and other organizations across Markets and Securities Services and the broader business.
- Provide clients with detailed reports and insights on upcoming index rebalances and their potential effects, and address client queries related to index methodologies and rebalancing processes.
- Review code, validate model assumptions, and ensure adherence to best practices in portfolio construction and risk management.
- Liaise with control functions (Legal, Compliance, Market and Credit Risk, Audit, Finance) by providing data and analysis to support the firm's governance infrastructure and ensure appropriate controls.
- Prepare and present regular reports and periodic strategic performance reviews on portfolio performance and rebalancing outcomes to senior management.
- Build a culture of responsible finance, good governance and supervision, expense discipline and ethics.
- Be familiar with and adhere to Citi's Code of Conduct and the Plan of Supervision for Global Markets and Securities Services.
- Obtain and maintain all registrations/licenses which are required for your role, within the appropriate timeframe.
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients, and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Qualifications:
- 8+ years of experience in quantitative trading, systematic portfolio management, or risk management, preferably within a bank, Hedge Fund, or Asset Manager.
- Demonstrated experience in the portfolio management of systematic and/or index rebalance strategies, including the research and prediction of index rebalancing events and estimation of rebalance flows.
- Proven ability to generate systematic alphas across the full lifecycle, from idea generation to testing, deployment, and monitoring.
- Advanced analytical, numerical, and coding competency, with proven experience in Python and KDB/Q for high-performance systems.
- Practical command of modern analytical and statistical techniques.
- Strong understanding and practical experience with quantitative risk modeling, including Barra market risk models and Barra GEM models.
- Demonstrated ability in alpha research, quantitative analysis, P&L attribution and back-testing to refine trading strategies.
- Deep understanding of equity markets, index methodologies, and the mechanics of index rebalancing.
- Proficient knowledge of Bloomberg, equity trading and booking systems, trading protocols, and closing technicalities.
- Clear and concise written and verbal communication.
- Effective interpersonal skills to develop and maintain relationships with internal (quantitative researchers, portfolio managers, sales, control functions) and external stakeholders.
- Required licensing and registrations as applicable.
Education:
- Bachelor's degree/University degree or equivalent experience.
- Master's degree preferred.
Advertised salary range is for Director level.
Job Family Group: Institutional Trading
Job Family:Trading
Time Type:Full time
Primary Location:New York New York United States
Primary Location Full Time Salary Range:$200,000.00 - $300,000.00
In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. 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. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Most Relevant Skills Please see the requirements listed above.
Other Relevant Skills For complementary skills, please see above and/or contact the recruiter.
Anticipated Posting Close Date:Aug 31, 2026
Automated Processing and AIWe use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.
Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.
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