Trader, AVP

Trader, AVP

Citigroup Global Markets Inc. seeks a Trader, AVP for its New York, New York location. Duties include serving as a member of the Flow Credit Derivatives desk, making markets in a variety of synthetic credit instruments, including single-name credit default swaps and European-style swaptions on index credit default swaps. Negotiate and execute trades. Perform and advise on risk management activities. Analyze both macro and micro risk factors, from monetary policy and macroeconomic stimuli to company-specific risks and credit-market-specific technical and flows. Generates trade ideas, perform research and analysis using backtesting, single variable and multi-variable regression and studentized residual screening to find outliers and potential dislocations. Design and build tools to assist in managing the desk's risk and for clients to find either positively convex positional trades or to efficiently accomplish their objectives. Monitor trends to produce research on macroeconomic events with potential impact to an individual company as well as any credit-specific flows that can be seized on by the broader market. 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 Bachelor's degree, or foreign equivalent, in Economics, Econometrics, Business, Finance, or related field and 2 years of experience as an Analyst, Credit Derivatives Strategist, Credit Derivatives Trader, Credit Trader, or related position involving market-making for credit derivatives index in a global financial services institution. 2 years of experience must include : Market-making for credit derivative index and credit derivative index option including CDX; Credit derivative index trade negotiation and execution; Risk assessment using options greeks and scenario analysis, and pricing based on anticipated risk; Managing a book of risk, including optimizing its positioning and current and future exposures; Performing scenario and historical price analysis; Regression and statistical techniques and charting; Macroeconomic changes research and analysis including interest rate, foreign exchange, and federal monetary, fiscal and economic policies; Microeconomic research and analysis into company-level stimuli and trends; Using statistics to design and build analytical tools to be used for large data screening, dislocations monitoring, and causal inference drawing; and Direct interaction with corporate clients of a wide variety of sectors. Salary range : $175,000 to $175,000 / yr; 40 hrs / wk.