The CVA/XVA Desk is responsible for the pricing and subsequent risk management of the XVA of trades in the Equities Business. The Desk also manages and prices the use of funding and capital.
The Desk prices transactions of varying sizes, and manages portfolios of equity, credit, FX, and volatility risk. The Desk works closely with Structuring, Corporate and Institutional Sales, Risk Management, Finance, and all Equities Trading Desks.
This is an opportunity to join the Equities XVA team and develop the next generation of XVA pricing and risk management capabilities. The role of a XVA trader is to manage all aspects of deal pricing, book management and projects engagement around the reported XVA. This is also an opportunity to contribute to the optimisation of the capital and liquidity footprint of the Equities division, while working in a dynamic, collaborative and creative environment.
Responsibilities:
Recommended Qualifications: The successful candidate will need an appropriate grasp of several if not most of the financial products traded by an Equity division. Experience in CVA/FVA management would be beneficial.
A background in equity structured products space or at least a very good understanding of the risks and the business profile of structured equity derivatives would be beneficial. Also be confident in regulatory capital terminology, including Basel rules, FRTB, Liquidity Coverage ratio and others. Key qualifications would include:
Education:
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Job Family Group: Institutional Trading
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Job Family: Trading
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Time Type: Full time
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Primary Location: New York New York United States
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Primary Location Full Time Salary Range: $150,000.00 - $175,000.00
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.
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Most Relevant Skills Please see the requirements listed above.
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Other Relevant Skills For complementary skills, please see above and/or contact the recruiter.
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Anticipated Posting Close Date: ------------------------------------------------------
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View Citi’s EEO Policy Statement and the Know Your Rights poster.*
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