Saturday, July 11, 2009

CMO Trader

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Description

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 www.citigroup.com or www.citi.com. 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. The Retail MBS desk is responsible for the marketing, distribution, pricing and risk management of all mortgage backed securities for the Smith Barney Retail salesforce, with additional interaction and transactions with the middle market IFG and institutional salesforces of FICC.

* This specific trader position is for agency and whole loan CMO trading and will entail heavy interaction amongst salespeople, accounts, multiple street contacts and other desk members. The individual must be very familiar with various CMO structures, understand the risks inherent in these structures and possess the ability to effectively manage that risk. He/she will also have a strong understanding of the pricing mechanisms employed and understand relative valuation within the MBS market. The candidate will also be a self-starter, have deep experience in the fixed income markets, be enthusiastic, have a high energy level and be able to multi-task.
* The individual must be flexible regarding product responsibilities, willing and demonstrating the ability to trade other fixed income instruments.

Requirements

* Candidates must have expertise in bond valuation, position management, and hedging while having a demonstrated record of being integral to the profitability and/or building of a fixed income business.
* At least 5 years of MBS experience required.
* Additional desired skill sets include a strong technology background, comfort with trading systems, strong interpersonal skills and the desire to assume risk.
* The individual must be series 7 and 63 licensed.
* Undergraduate degree in Business or related.

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