Saturday, May 23, 2009

Trader, VP

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Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing 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, and wealth management. Additional information may be found at or Citi Inc. and its subsidiaries ("Citi") are equal opportunity employers M/F/D/V and do not discriminate on the basis of any legally protected status or characteristic.
Event Driven Americas

Product Overview:
"Event Driven" is an investment strategy based on corporate events and other special situations, including:
# Merger arbitrage (pre-announced, definitive, hostile)
# Corporate restructurings (spin-offs, exchange offers, tracking stocks, dutch tenders)
# Pairs trading (A/B share class and relative value/stubs)
# Other "event driven" (value w/ a potential catalyst), Special Purpose Acquisition Companies, etc.

Desk Overview:
The Event Driven Desk has three main activities:
# Customer Facilitation Trading
Manage the sell-side, customer trading in stocks and spreads of companies in a definitive merger agreements.
# Proprietary Investing
Obtain a superior risk-adjusted return managing a portfolio in the event driven investment space
# Sector Specialist / Customer Management
Deliver value-added content to customers and maintain active customer dialogue

# Senior Trader: Sell-side execution

# Vice President (will consider senior associates or junior directors)

Job Activities:
# Set and disseminate markets in covered stocks; execute incoming order flow
# Gather and disseminate market color
# Active communication and interface with sales-traders
# Active communication with buy-side trader counterparts
# Manage risk and inventory
# Set opening pricing on new deal announcements
# Drive customer trading business through delivery of markets, market color and judicious use of capital
# Manage customer facilitation profit and loss, manage loss ratio while maximizing trading flow
# Seek leading trading and customer wallet market share
Experience / Background Required / Qualifications:
# Bachelor degree (advanced degrees a plus, but not required)
# Track record of high academic achievement preferred
# Sell-side, institutional equity trading experience
# Event driven and/or spread trading experience preferred
# Buy-side trading experience is a plus, but not required
# Experience trading other products (covertibles, derivatives, CDS, debt) is a plus, but not required
# Minimum of four years total trading experience
# Team-oriented, outgoing personality
# Strong quantitative, analytical aptitude
# Strong track record of professional achievement and references

This opening is to join a small group that offers exposure to customer trading, proprietary investing and fundamental research and that has a goal to become a leading Event Driven / Risk Arbitrage franchise.

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