Citi Head of FXLM E-Trading North America – VP/Director in New York

  • Primary Location: United States,New York

  • Other Location: United Kingdom

  • Education: Bachelor's Degree

  • Job Function: Trading

  • Schedule: Full-time

  • Shift: Day Job

  • Employee Status: Regular

  • Travel Time: Yes, 10 % of the Time

  • Job ID: 18033236

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.

Description of the Position

Job Purpose:

The candidate is required to develop our Electronic Trading business in the New York time zone. This is across G10, EM spot deliverable and non-deliverable currencies.

Job Background/context:

Team structure: The FXLM E-Trading business is responsible for pricing and risk managing electronic FX, including spot, forwards, and NDFs. The group consists of the following functions: e-traders, quants, quant developers, business architects, and the client management team.

Key Responsibilities:

  1. Business development in the NY time zone: in collaboration with the head of FXLM E-Trading, functional E-Trading heads, our colleagues in local markets and with sales management, prepare and execute a strategy to optimally deliver the franchise and drive value for our clients locally.

  2. Trading oversight: performing supervisory responsibilities over the e-traders in the NY time zone so as to ensure that the risks which the e-trading business is exposed to are assessed and managed prudently.

  3. Team oversight: manage the cross-functional NY E-Trading team.

  4. Collaborate with our local colleagues in electronic and voice sales, and act as a local lead for client interaction with the E-Trading business.

  5. Mentor and contribute to the growth of junior colleagues in the locality through training. Take the lead in participation in our local graduate programmes.

  6. Work in collaboration with global technology and quant teams, as well as other functions to continue innovation in the field of pricing and risk management of e-trading client flows.

Operate as the local contact within the business for the second line functions (Market Risk, Model Risk Management, Credit Risk, and Compliance)

Development Value:

In this role the successful candidate will be part of one of the largest FX eTrading business in the industry. He/she will be responsible for ensuring the business maximizes the value of our client franchise and that ensures that our growing e-trading business operates in a way which is additive to our voice franchise, rather than detracting from it. The candidate will have a key role in driving the strategy of our electronic client offering.

Qualifications

Knowledge/Experience:

• Deep knowledge of the electronic FX trading business

• Extensive sell side FX trading exposure

• Specific knowledge of cash FX products and regulations

• Proven track record in commercial and effective decision making

• Strong quantitative knowledge and experience, to at least Bachelor’s degree standard.

• Experience in operating as a stakeholder in the delivery of E-Trading technology.

• Bachelor’s degree required.

Competencies:

• Candidates will have strong written and oral communication skills. They will be required to work well within a team environment and with key stakeholders from sales and trading.