Citigroup, Inc

Swap Trader, Funding and Resource Management, Vice President

Citigroup, Inc • $175K — $250K *
New York, NY 10025In-Person
Finance & Insurance
5 - 7 years of experience
1 week ago
Job Overview by Ladders

Qualifications

  • 5+ years in an equity financing role or similar FRM function
  • Strong knowledge of funding swap market management, risk control and execution
  • Understanding of standard regulatory constraints and liquidity framework of a bank
  • Ability to work with a wide range of stakeholders (Finance, Treasury, Trading, Tech, Sales, etc.)
  • Trading skills on SFTs a plus
  • Proficiency in coding skills for data analysis and reporting a plus (e.g., VBA, SQL, Python)
  • Excellent communication skills, both written and verbal.
  • Master's degree in a finance field (e.g., Finance, Math, Statistics, etc.)

Responsibilities

  • Oversee a >$150b trading book while monitoring risk limits, executing trades, and checking profit and loss metrics.
  • Maintain and enhance Citi's relationship with external counterparts and clients.
  • Ensure compliance with all liquidity constraints and daily funding needs.
  • Work collaboratively to adjust funding strategies concerning capital constraints.
  • Monitor the carry cost of the trading book under various constraints.
  • Participate actively in improving Transfer Pricing methodology.
  • Lead IT improvements in partnership with the Product team for platform efficiency.
  • Coordinate with Treasury for funding requirements and execution strategies.
  • Facilitate communication with other trading desks to manage daily funding activities and volatility.
  • Ensure communication about capacity, trading levels, and market structure is frequent and clear.
  • Collaborate with control functions to maintain governance and compliance.
  • Foster a culture of ethics, expense discipline, and responsible finance.

Benefits

  • Medical, dental & vision coverage
  • 401(k) plan
  • Life, accident, and disability insurance
  • Wellness programs
  • Paid time off including vacations, sick leave, and holidays
Full Job Description
The Funding Resource Management (FRM )team is responsible for the refinancing of all assets positions within the Equity business line, as well as the management of the main internal and external financial constraints (Capital, liquidity, balance sheet). The NAM FRM team is looking for a senior trader to lead our funding strategy execution in collaboration with other FRM officers. The book covers a wide range of instruments (swaps, repo, collateral swap, IRS, FX swaps).

Key Responsibilities:
  • Oversee a >150b$ trading book: respect of risk limit, trades execution and negotiations, pnl monitoring.
  • Maintain and extend Citi franchise with external counterparts (triparty, agent lenders, other banks) and clients (Prime Brokerage franchise client, asset managers, Pensions).
  • Ensure the respect of all liquidity constraints (LCR, NSFR, Stress Test, Tenor) and daily funding requirements.
  • Coordinate with other FRM officers to adjust funding strategy to respect capital constraints (GSIB, RWA).
  • Monitor and minimize the carry cost of the book under all constraints
  • Actively participate to Transfer Pricing improvement and methodology redesign.
  • In partnership with Product team, lead the IT improvement needed for the platform to run efficiently.
  • Coordinate with the Treasury department on funding requirement and execution.
  • Improve and extend communication with other trading desks on their day-to-day activity to control the volatility of funding needs.
  • Ensure frequent communication on capacity need, trading level and market structure.
  • 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.
  • Be familiar with and adhere to Citi's Code of Conduct and the Plan of Supervision for Global Markets and Securities Services
  • Adhere to all policies and procedures as defined by your role which will be communicated to you
  • 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:
  • 5+ years in an equity financing role or similar FRM function
  • Strong knowledge of funding swap market management, risk control and execution
  • Understanding of standard regulatory constraint and liquidity framework of a bank
  • Ability to work with a wide range of stakeholders (Finance, Treasury, Trading, Tech, Sales, etc.)
  • Trading skills on SFTs a plus
  • Proficiency in coding skills for data analysis and reporting a plus (e.g., VBA, SQL, Python)
  • Excellent communication skills, both written and verbal.
  • Master's degree in a finance field (e.g., Finance, Math, Statistics, etc).


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:
$175,000.00 - $250,000.00

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:
Jun 05, 2026

About Citigroup, Inc

Citigroup is a financial services holding company that provides financial products and services. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. The ICG segment offers various banking, and financial products and services to corporate, institutional, public sector, and high-net-worth clients. This segment provides wholesale banking products and services, including fixed-income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed-income research, corporate lending, investment banking, and advisory services, private banking, cash management, trade finance, and securities services. Citi is committed to sustainability and social responsibility, and the company invests in initiatives that promote economic progress.

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Learn more about Citigroup, Inc
Market Cap
$1.3 billion
Industry
Finance & Insurance
Net Income
$89.6 million
Founded
1812
5 Year Trend
+4.6%
NASDAQ
C
* Ladders Estimates

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