At a Glance
- Tasks: Develop automated market-making models and data-driven trading tools for the rates business.
- Company: Join Citi, a leading global financial services company with a commitment to innovation.
- Benefits: Competitive salary, diverse work environment, and opportunities for professional growth.
- Other info: Collaborative culture with a focus on responsible finance and ethical practices.
- Why this job: Make an impact in algorithmic trading while working with cutting-edge technology.
- Qualifications: Experience in algorithmic trading and proficiency in programming languages like Python and Java.
The predicted salary is between 60000 - 80000 £ per year.
The Quantitative Analyst is a strategic professional who closely follows the latest trends in its own field and adapts them for application within its job and the business.
Recognized as a subject‑matter expert within one area, the analyst must possess strong commercial awareness and an acknowledged authority both within and outside the area of expertise.
Excellent communication skills are required to negotiate internally with senior stakeholders and to engage with external parties.
The role involves advanced judgment and in‑depth quantitative or qualitative analysis to solve problems and develop innovative solutions that shape technical approaches and strategies across the business.
- Position Objective
- Develop and implement automated market‑making models and data‑driven trading tools for the rates business.
- Improve and transform infrastructure for automated market‑making models and data‑driven trading tools.
Responsibilities
- Implement electronic market‑making models (hedging algorithms, bid‑offer models, price predictors, automated pricing models) using a wide variety of programming languages, including Java, KDB, and Python.
- Develop data‑driven tools for trade recommendations and trading activity analysis.
- Optimize and streamline the existing technology stack used for pricing, hedging and trading analysis, including live pricing and backtesting; define and develop strategic improvements to the stack.
- Stay abreast of technological innovations to facilitate their adoption within the team and coordinate migrations from legacy systems.
- Collaborate closely with Traders, technology professionals and data specialists.
- Work in partnership with control functions such as Legal, Compliance, Electronic Trading Risk Management, Model Risk Management and the Market Data Team to ensure appropriate governance and control infrastructure.
- Build a culture of responsible finance, good governance, ethics, and expense discipline; disseminate technological best practices within the team.
- Appropriately assess risk/reward of transactions when making business decisions and ensure all team members understand the need to consider the firm’s reputation.
- Adhere to Citi’s Code of Conduct, the Plan of Supervision for Global Markets and Securities Services, and all relevant policies and procedures.
- Obtain and maintain all required registrations and licenses within the appropriate timeframe.
- Demonstrate ethical judgment and compliance with applicable laws, rules and regulations, and manage control issues with transparency.
- Challenges
- The candidate must be practically minded, a quick learner, and detail‑focused, with a deep understanding of the business and modelling requirements.
- The role demands proficiency across a wide range of technologies, ensuring they work seamlessly together within a multi‑language, multi‑application environment.
- Advanced technical abilities are required, as the role focuses on improving and transforming the technology stack for market‑making models and trade analysis tools, including ownership of existing systems and strategic development of new ones.
Qualifications
- Extensive experience in the algorithmic trading space.
- Extensive programming experience.
- Technology/programming skills in Rust, C++, Java, KDB, Python, and SQL.
- Experience with messaging and data serialization technologies, market data processing, API design, latency optimization, code testing, build and deployment tools.
- Experience taking ownership of existing technologies, building new ones, and performing technology migrations.
- Working knowledge of rates financial instruments and mathematical tools used in algorithmic trading.
- Consistently demonstrates clear and concise written and verbal communication skills.
Education
- Master’s degree preferred.
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, please review Accessibility at Citi.
View Citi’s EEO Policy Statement and the Know Your Rights poster.
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Quantitative Analyst (Rates Electronic Market Making) in London employer: Citi
Citi is an exceptional employer that fosters a dynamic and inclusive work culture, offering employees the chance to thrive in a fast-paced financial services environment. With generous benefits such as 27 days of annual leave, private medical care, and extensive learning resources, employees are empowered to grow both personally and professionally. Located in a vibrant city, Citi provides unique opportunities for collaboration across global teams, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Quantitative Analyst (Rates Electronic Market Making) in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Citi. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Quantitative Analyst (Rates Electronic Market Making) in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Citi.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Citi's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Citi
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Citi.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Citi will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Citi employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
