Citigroup Global Markets Inc. seeks a Trader for its New York, New York location.
Duties: Perform analytical duties to develop new loan portfolio offerings, applying knowledge of Collateralized Loan Obligations (CLO) and Structured Credit Markets. Structure, price and execute loan portfolio trades (optimization swaps and one-way blocks) for Citi clients. Provide daily pricing quotes across illiquid loan issuers alongside managing residual risk from the desk’s loan portfolio trades. Analyze trends in the broader high-yield credit market, including fund flows, market technicals (dislocation, compressionary/decompressionary flows) and their effects on daily loan portfolio-related activity. Assist with CLO equity tranches pricing for reset transactions alongside screening potential reset deal candidates based on WACC, NAV, and cash-on-cash yield metrics. Analyze historical statistical relationships (correlations, r-squared, z-scores) between the desk’s loan risk and multiple macro instruments for the purposes of developing left-tail hedging strategies. Advise markets quantitative analyst team in the development of bespoke loan pricing algorithms leveraging artificial intelligence and neural networks to predict prices on loans with various rating and spread profiles. Oversee development of automated structuring models for collateralized loan obligation reset transactions. Excel modeling and coding in R and Excel VBA, CLO universe analysis, and back test hedging strategies.
Requirements: Requires a Bachelor’s degree or foreign equivalent in Economics, Finance, Computer Programming or related field and 2 years of experience as a Leveraged Loan Trader, Loan Portfolio Trader, Collateralized Loan Obligation Structurer, Program Analyst or related position involving analytics and risk management for the financial services industry. 2 years of experience must include: Excel modeling; VBA and R coding. One year of experience must include: Collateralized Loan Obligations and Structured Credit markets; Applying knowledge of structured credit and high-yield credit markets; Developing left-tail risk hedging strategies; Relational database querying in SQL and Oracle language. Applicants submit resumes at https://jobs.citi.com/ or by email to Citigroup Recruiting Dept. at NAMobilityRecruitment@citi.com. Please reference Job ID #23683842. EO Employer. This position is eligible for incentives pursuant to Citigroup’s Employee Referral Program.