Agency Securities Lending Trader – Securities Finance - New York
Securities Finance encompasses the Agency Securities Lending (ASL), Directed Agent Investment Services (DAIS), and Collateral products within the Execution Services division of Investor Services. The business partners with institutional investors to enhance their portfolio returns through intrinsic value securities lending, liquidity management, and collateral optimization. Citi's key strengths include unsurpassed global branch network, robust risk management, real-time controls, product innovation, dynamic reporting, and market thought leadership. The business is seeking a securities lending trader to work in New York.
Citi provides 24-hour trading coverage and client services through its business locations in Sydney, Hong Kong, Singapore, London, Dublin, New York, and Tampa. Citi’s strategic presence in these locations is designed to align our business with our client base and provide a platform to target new client mandates. Our traders execute transactions for leading global institutional investors including Sovereign Wealth Funds, Pension Funds, Insurance Companies, ETF Issuers, and Mutual Funds. Leveraging our market-leading combination of securities lending expertise, local branch network, and breadth and depth of supply enables us to create mutually beneficial opportunities for both lenders and borrowers alike.
RESPONSIBILITIES:
- Develop and maintain relationships with borrowers to optimize our clients’ securities lending portfolio performance.
- Adhere to risk & control guidelines specifically as it relates to counterparty credit limits, best execution, and fiduciary obligations.
- Identify and present trading opportunities to capitalize on special situations and latent holdings. This includes the assessment of voluntary corporate action events such as Rights, Tenders, Buybacks, and Scrip/DRP options.
- Work with the global sales, client executive, and product colleagues to build and present portfolio models for prospective and existing clients.
- Prepare market commentary for prospective and existing clients, as well as management reporting.
- Interface with operations, technology, and account management teams to ensure proper controls, settlements and client reporting.
PROJECTS AND DELIVERABLES:
- Support the execution of daily trading activity to maintain best-in-class industry rankings.
- Exceed revenue, profitability, and return on capital targets through optimal execution and broadening client base.
- Partner with global trading & quantitative analysis teams to enhance proprietary trading analytics & optimization engine designed for portfolio benchmarking and attribution.
- Help facilitate business target architecture initiative, intended to modernize our platforms.
- Build and sustain working relationships with colleagues across Investor Services, Services and other functional partners.
QUALIFICATIONS:
- 5 – 8+ years of Securities Lending, Prime Finance, or Delta One trading experience required across either equity or fixed income products.
- Proficiency with Bloomberg, MS Excel modelling & macro development.
- Experience with basic programming across large data sets using tools like SQL, Qlikview, and Python.
- Ability to multitask and work under time pressure. Self-motivator with entrepreneurial disposition.
- Ability to translate and articulate securities finance market thoughts and ideas to a larger audience including colleagues, senior management, and clients.
EDUCATION:
- Bachelor’s / University Degree required. Master’s Degree in Business or Finance, or CFA preferred.
#LI-MC7
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Job Family Group: Product Management and Development------------------------------------------------------
Job Family:Trade Structuring------------------------------------------------------
Time Type:Full time------------------------------------------------------
Primary Location:New York New York United States------------------------------------------------------
Primary Location Full Time Salary Range:$129,840.00 - $194,760.00
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.------------------------------------------------------
Other Relevant Skills For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
Anticipated Posting Close Date:------------------------------------------------------
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.
Skills Required
- 5-8+ years of Securities Lending, Prime Finance, or Delta One trading experience across equity or fixed income products.
- Proficiency with Bloomberg terminal and market data tools.
- Advanced Microsoft Excel modeling and macro development (VBA).
- Experience with basic programming and large data sets using SQL, QlikView, and Python.
- Ability to multitask, work under time pressure, and self-motivate with an entrepreneurial disposition.
- Ability to translate and articulate securities finance market views to colleagues, senior management, and clients.
- Bachelor's / University Degree.
- Master's in Business/Finance or CFA.
Citi Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Citi and has not been reviewed or approved by Citi.
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Healthcare Strength — Benefits coverage is positioned as comprehensive, including health, dental, and vision insurance plus on-site clinics, prescription drug support, and disability coverage. Family-building support such as fertility assistance is described as a notable differentiator within the overall package.
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Retirement Support — Retirement benefits are framed as strong, highlighted by a 401(k) with matching and additional plan options like a Roth 401(k). Financial support is reinforced through discounts and broader financial guidance resources tied to the benefits ecosystem.
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Wellbeing & Lifestyle Benefits — Wellbeing support extends beyond insurance through programs like an Employee Assistance Program, counseling/legal resources, and gym or wellness reimbursement. These offerings increase the perceived total rewards value even when cash compensation sentiment varies by role.
Citi Insights
What We Do
Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. We have 200 years of experience helping our clients meet the world's toughest challenges and embrace its greatest opportunities. We are Citi, the global bank – an institution connecting millions of people across hundreds of countries and cities.
