New York, NY, 10176, USA
78 days ago
Investment Trading Principal - Municipal Bonds
Citi Investment Management (CIM) is a group within Citi Global Wealth Investments that manages assets on a discretionary and advisory basis for clients of Citi. With over $80 billion in assets under management and advisement globally, CIM manages a broad suite of investment strategies within single and multi-asset class products. CIM is currently seeking an experienced municipal bond trader to join our team of investment professionals. This individual will be responsible for trading, quantitative analytics, and will maintain strong relationships with broker dealer partners while collaborating with portfolio managers and credit analysts. A strong candidate will demonstrate an ability to provide the portfolio management team with timely market commentary, relative value trade ideas, sector analysis, and creative solutions to improve efficiencies and strategy relative performance. Data analysis, programming and/or coding skills are a plus. The trader will be located with the US Fixed Income team in New York City, NY. **Responsibilities:** + Daily execution of municipal bond trades + Work closely with portfolio managers to execute team strategies across credits, bond structures and the yield curve + Source opportunities in new issue and secondary markets + Develop and maintain working relationships with support partners including risk oversight, client service and fiduciary oversight teams + Actively participate in strategy discussion, monitor market conditions, credit trends, trading technical factors and provide ongoing market color to the team + Maintain fluency with trading systems, electronic trading venues and explore opportunities for trading efficiencies + Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency. **Qualifications:** + 15+ years of experience + Knowledge of, and the ability to stay abreast of regulatory requirements + Knowledge of, or have the desire to learn about the markets and assets within which CIM trades + Familiarity with Equities Markets + Understanding of US regulatory framework with specific reference to trading activity + A good understanding of the asset management business including trade creation and settlement procedures + Detailed knowledge of municipal bond markets with a demonstrated history of making investment and trading decisions in a total-return context + 4+ years of trading experience within the municipal market across credits, sectors, structures and maturities + Have produced scheduled and ad hoc reports + Fluency with Bloomberg, Charles River, Microsoft Office + Programming and/or coding skills are a plus **Education:** + Bachelor's/University degree, Master's degree preferred ------------------------------------------------------ **Job Family Group:** Private Client Product Services ------------------------------------------------------ **Job Family:** Investment Product Manager ------------------------------------------------------ **Time Type:** Full time ------------------------------------------------------ **Primary Location:** New York New York United States ------------------------------------------------------ **Primary Location Full Time Salary Range:** $170,000.00 - $300,000.00 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. ------------------------------------------------------ **Anticipated Posting Close Date:** Nov 01, 2024 ------------------------------------------------------ Citi is an equal opportunity and affirmative action employer. Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. 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 (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** . View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) . View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) . View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf) Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
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