Citigroup, Inc

Trader

Citigroup, Inc • $250K *
New York, NY 10025Hybrid
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Master's degree in Physics, Economics, Mathematics or related field and 4 years of relevant experience, or a Bachelor's degree with 6 years of experience.
  • Experience with pricing interest rate swaps and managing higher level PCA risks.
  • Proficient in coordinating with compliance and control functions to ensure regulatory adherence.
  • Demonstrated expertise in developing technological platforms and risk management systems.
  • Strong client relationship management skills, with an ability to anticipate market demands.

Responsibilities

  • Develop the risk and trading infrastructure for interest rate derivatives.
  • Respond to client inquiries regarding interest rate swap pricing.
  • Manage market risk at a portfolio level stemming from client activity.
  • Ensure compliance with relevant regulations in trading activities.
  • Guide the technological advancement of trading desk operations.
  • Generate trade ideas to enhance desk performance and alpha generation.
  • Coordinate with multiple organizational units to develop trading strategies and optimize performance.

Benefits

  • Comprehensive medical, dental, and vision coverage.
  • 401(k) retirement plan options.
  • Life, accident, and disability insurance.
  • Wellness programs promoting employee health.
  • Paid time off including vacation, sick leave, and holidays.
Full Job Description
Citibank, N.A. seeks a Trader, VP for its New York, New York location.

Duties: Develop the risk and trading infrastructure, including portfolio risk, and ensure risks are correctly represented. Respond to client price inquiries for interest rate swaps. Manage market risk from client activity at a portfolio level. Coordinate with control functions to ensure compliance with regulations, and partner with Finance to ensure that the trading desk performance is accurately captured. Guide the technological development of trading desk operations. Develop Markets products with particular focus on Interest Rate Derivatives across the curve. Pricing and hedging transactions with large Interest Rate Delta and experience at managing higher level PCA risks in the trading desk's Interest Rate Derivative portfolio. Working with regulations which affect Interest Rate Swaps trading. Oversee a USD interest rate swaps trading book and generate revenues and manage risk for USD interest rate swaps business. Coordinate with Sales, Research, Capital Markets, 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, and anticipate client demand in each respective product/market. Coordinate with desk analysts as needed, and with sales to develop the franchise. Generate trade ideas and take market risks to create an additional source of alpha to the desk's performance. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols.

Requirements: Requires a Master's degree, or foreign equivalent, in Physics, Economics, Mathematics or related field and 4 years of experience as a Trader, Sales and Trading Program Analyst or related position supporting USD interest rate Swaps Trading within a global financial firm. Alternatively, employer will accept a Bachelor's degree in the stated fields and 6 years of progressively responsible, post-baccalaureate experience. Full span of experience must include: Pricing interest rate swaps; Pricing and hedging transactions; Coordination with control functions to ensure compliance with regulations and accurate records of the trading desk performance; Developing technological platforms, pricing tools, booking and risk management systems; Risk Management at a portfolio level; Maintaining a USD interest rate swaps curve; Client relationship management; Generating trade ideas; Taking market risks to generate an additional source of alpha to the desk's performance. Applicants submit resumes at https://jobs.citi.com/. Please reference Job ID # [redacted].

Wage Range: $250,000 to $250,000

Job Family Group: Institutional Trading

Job Family: Trading

Job Family Group:

Job Family:

Time Type:
Full time

Primary Location:
New York New York United States

Primary Location Full Time Salary Range:

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:
Jul 31, 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.

Citigroup, Inc Careers

Join the vibrant team at Citigroup, Inc, a leading global bank, and propel your career into the future. Citigroup offers a plethora of job opportunities that span across various fields and expertise, making it an ideal place for ambitious professionals to thrive.

Work You’ll Do

At Citigroup, Inc, you will engage in exciting work that matters. Join our team to help innovate and drive transformation in the banking industry. With Citigroup, you can lead initiatives that redefine how banking works and how financial services can empower people globally.

Innovate and Lead

Citigroup, Inc is at the forefront of financial innovation and leadership. By joining our team, you will work alongside top professionals to develop solutions that enhance customer experiences and operational efficiency. Our commitment to innovation is fundamental, and we encourage our team to push boundaries and think outside the box.

Grow Your Career

Citigroup, Inc is not just a company; it's a place where you can grow both professionally and personally. We offer robust career paths and professional development opportunities that help you reach your potential. With diverse career tracks and the support of leadership, your growth at Citigroup is limitless.

Diversity and Inclusion

We believe our strength comes from the diversity of our team. Citigroup, Inc is dedicated to fostering an inclusive workplace where everyone can contribute their best work. Through diversity training and a culture that embraces differences, we create a welcoming environment for all employees.

Benefits and Culture

Citigroup, Inc values the well-being of its employees. We offer competitive benefits packages that support the health, finance, and lifestyle of our team members. Our culture is built on collaboration, respect, and a commitment to excellence. We ensure that every team member feels valued and part of our global family.

Internship and Employment Opportunities

Start your professional journey with Citigroup through our internship programs or full-time job opportunities. We are constantly hiring fresh talent and seasoned experts who bring creativity and innovation to our team. Whether you're refining your skills or ready to lead, there's a position waiting for you at Citigroup.

Networking and Professional Development

At Citigroup, Inc, networking and continuous learning are part of our DNA. We provide platforms for employees to connect with industry leaders and peers, enhancing their skills and opening up new career opportunities. Our leadership programs and professional development initiatives ensure that you are always ahead of the curve.

Join Our Team

Explore the numerous positions available at Citigroup, Inc that match your skills and interests. We are looking for passionate, curious, and solution-driven team players who are ready to make an impact.

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Citigroup, Inc is where your ambition meets opportunity. Join us and transform your career while making a global impact.
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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