Algo Quant - Quantitative Strategies Desk VP @ Citi
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Job Details
Overview
We are seeking a talented and experienced Algo Quant to join our Quantitative Strategies Desk at Citi. This key role is part of a new initiative to build a sophisticated, automated trading system. The role requires a strong background in quantitative finance, options theory, and market microstructure, along with experience in back-testing, auto-quoting, and execution analysis.
Responsibilities
- Develop and implement auto-quoting and auto-hedging strategies for options systematic strategies.
- Design and build back-testing frameworks to evaluate trading strategies.
- Implement a system to store historic trades.
- Develop tools to benchmark executions for performance analysis.
- Contribute to the design and implementation of custom execution algorithms.
- Collaborate with traders and other quants to improve trading performance.
- Stay updated with the latest research in options systematic strategies and algorithmic trading.
Requirements
The ideal candidate will have a strong foundation in quantitative finance, mathematics, statistics, or a related field. A deep understanding of options theory, market microstructure, and algorithmic trading is necessary. Candidates must possess strong programming skills in Python, C++, or Java and have experience with back-testing, auto-quoting, and risk management systems. Excellent communication and collaboration skills are essential.
Preferred Qualifications
Experience in building custom execution algorithms and familiarity with execution trading platforms.
Level & Education
This role is up to Vice President (VP). A Bachelor’s degree is required; a Master’s degree is preferred.
Additional Information
This is a full-time position located in New York, New York, United States. The salary range is $175,000 to $250,000 annually with additional employee benefits including medical, dental, vision, 401(k), life/accident/disability insurance, wellness programs, and paid time off.
Key skills/competency
- Quantitative Finance
- Algorithmic Trading
- Options Theory
- Market Microstructure
- Back-testing
- Auto-quoting
- Auto-hedging
- Execution Analysis
- Python
- C++
How to Get Hired at Citi
🎯 Tips for Getting Hired
- Customize your resume: Highlight quantitative and programming skills.
- Research Citi: Understand their trading strategies and culture.
- Practice technical questions: Focus on algorithms and finance problems.
- Prepare for interviews: Review options theory and market microstructure.