Job Description
Are you a highly skilled Quantitative Analyst seeking to tackle some of the most complex financial problems within a global institution? Citi's Markets Quantitative Analysis (MQA) group is looking for talented individuals to join our Central XVA team. This role offers a unique opportunity to contribute to innovative solutions for cross-asset XVA functionality, directly impacting our trading businesses, control functions, and international client base.
Team/Role Overview:
The Central XVA team, a specialized group within Markets Quantitative Analysis (MQA), is dedicated to building innovative solutions for complex financial problems. We focus on critical XVA functionality that cuts across various asset classes, working to enhance pricing, risk management, and regulatory compliance. This is a small, high-impact team where your contributions will directly influence crucial cross-asset XVA analytics.
What You'll Do:
Create and support analytics for Markets Front Office XVA across multiple asset classes, leveraging probability theory, financial mathematics, and numerical techniques.
Implement these analytics in C++, also utilizing Python for development.
Provide essential support to trading desks for XVA-related inquiries and models.
Collaborate closely with other MQA teams to ensure consistency and share best practices across the organization.
Work in partnership with control functions to ensure appropriate governance and control infrastructure for all XVA analytics.
Contribute to building a culture of responsible finance, good governance and supervision, expense discipline, and ethics.
Appropriately assess risk/reward of transactions when making business decisions and ensure that all team members understand the need to do the same, demonstrating proper consideration for the firm’s reputation.
What We'll Need From You:
Relevant experience in a comparable quantitative modeling role in the financial sector. XVA-related experience is especially valuable.
Strong knowledge of financial products and related quantitative methods, especially Monte Carlo simulation techniques.
Clear and concise written and verbal communication skills.
An MSc or PhD degree in a quantitative subject.
Strong programming skills, preferably in C++.
What We Can Offer You:
High-Impact Role: Work on important XVA functionality that cuts across multiple asset classes, directly influencing trading decisions and control functions.
Advanced Quantitative Work: Engage in complex analytics, utilizing probability theory, financial mathematics, and numerical techniques like Monte Carlo simulation.
Technical Excellence: Develop and implement solutions primarily in C++ and Python, contributing to robust and performant analytics.
Collaborative Environment: Work closely with trading desks, other MQA teams, and control functions, fostering a deep understanding of the business and analytical needs.
Career Growth: This role offers significant opportunities for professional development and advancement within Citi's global Markets Quantitative Analysis (MQA) group.
Comprehensive Benefits: As part of a leading global financial institution, you will receive a competitive base salary and a comprehensive benefits package designed to support your well-being and professional growth.
If you are a highly motivated Quantitative Analyst with a passion for XVA and strong programming skills, eager to contribute to cutting-edge cross-asset analytics, we encourage you to apply.
#LI-COF
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Model Development and Analytics------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Analytical Thinking, Credible Challenge, Data Analysis, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View Citi’s EEO Policy Statement and the Know Your Rights poster.
Citi works tirelessly to provide consumers, corporations, governments and institutions with a broad range of financial services and products. We strive to create the best outcomes for our clients and customers with financial ingenuity that leads to solutions that are simple, creative and responsible.
"We consistently assess Citi’s role in response to three questions: What are we doing to help create inclusive and resilient communities? How can we use our voice to help drive dialogue toward solutions? Is Citi walking the talk — are we doing the right things within our own firm? The short answer to all three of these questions continues to be the same: that we can and should do more."
— Michael L. Corbat, CEO
| Workplace Initiatives | |
| Program for parents returning to work after Parental Leave? | Yes- Open for vacancies in November 2019 |
| Leadership development programs? | Yes |
| Mentoring programs? | Yes |
| Coaching programs? | Yes |
| Employee-led diversity networks? | Yes |
| Internal women’s networking groups? | Yes |
| Open to discussing flexible work arrangements at interview stage? | Yes |
| No. of weeks paid maternity leave at full salary: | up to 26 weeks |
| Minimum weeks tenure required to be eligible for paid maternity leave: | 26 weeks |
| No. of weeks paid paternity leave at full salary: | 2 weeks |
| Minimum tenure required to be eligible for paid paternity leave: | 26 weeks |
| Workplace Initiatives | |
| Gender pay gap reporting information 2017 (UK): | |
| Average pay gap: | 43.50% |
| Median pay gap: | 32.00% |
| Average bonus gap: | 71.60% |
| Median bonus gap: | 71.40% |
| Signatory of the UK Women in Finance Charter? | Yes |
| Targets to raise the number of women in leadership? | Yes |
| Targets to raise the number of BAME individuals in leadership? | Yes |
| Listed in the Bloomberg Diversity & Inclusion Index? | Yes |
Returner Programme
The Citi Returner Programme is a supportive hiring programme, designed to help you transition from a career break into a career within financial services. You may have worked in the finance sector, the tech sector or another industry all together! We value your knowledge, skills and experience, regardless of how and where you have developed them. We believe that hiring people from different backgrounds with diverse perspectives brings advantages to our teams.
The programme will start in January 2020 and Returners will benefit from a structured and in-depth induction to help them transition successfully back into the workplace, followed by a tailored programme of professional development and learning delivered over a period of 15-18 months, dependent on the role and career pathway.
Returners will undertake professional qualifications as part of the programme and enjoy the benefits of being part of a supportive cohort. Citi recognises the importance of flexible working arrangements and is happy to explore these with you.
Eligible candidates will –
• Have been on a career break for at least two years
• Be looking to start the next phase of their career in financial services, in a range of roles, including operations and technology
• Demonstrate natural curiosity and be motivated to learn new skills
• Exhibit excellent leadership and communication skills
The returner programme will be open for applications on the 1st September 2019.