• Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Citi-US
  • 2019-06-26

G10 Rates CVA Trader - Assoc/VP

G10 Rates CVA Trader - Assoc/VP

  • Primary Location: United States,New York,New York
  • Education: Bachelor's Degree
  • Job Function: Trading
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: No
  • Job ID: 19003938


Description

About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

Citi's Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.

Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop to are widely available to all.

Job Purpose:
A trader to work alongside an established CVA trading desk managing all aspects of deal pricing, book management and projects.

Job Background/context:
The CVA desk is responsible for the pricing and subsequent risk management of trades in the G10 rates business. The desk also manages and prices the use of funding and capital and manages the Rates business response to LIBOR transition. The desk prices transactions of varying sizes, and manages several portfolios of credit, rate, volatility and basis risk. The desk works closely with corporate and institutional sales, risk management, finance and all G10 rates trading desks.

Key Responsibilities:
Provide CVA, funding and capital pricing to sales desks. Analyze and dynamically hedge risk and optimize costs of the CVA trading and funding books. Participate in LIBOR reform efforts and planning. Work with quant and IT groups on modelling improvements. Work closely with relevant control functions, IT, quants and other internal groups. Create, optimize and manage desk risk and p&l reports. Regular dialogue with internal trading desks and external sales coverage.

Qualifications

Knowledge/Experience:
Must have 2+ years working in a non-linear flow trading book, credit trading book, CVA trading business or related desk or function

Skills:
Very strong analytical and mathematical skill.
Comfortable with derivatives modelling concepts.
Strong excel + VBA/other programming skills & experience
Attention to detail.
Demonstrable team skills both within and across teams.

Qualifications:
Undergraduate numerate degree or higher.