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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 # 26969629. EO Employer.
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
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