Single Stock Exotics Trader, Equity Derivatives, Vice President

The VP level Single Stock Exotic Trader is responsible for overseeing and supporting a specialized exotic derivatives trading book and proactively managing complex, non-linear book risk, in coordination with the Trading, Structuring, and Quantitative Research teams. The overall objective of this role is to ensure book trades deliver on budgeted revenues, maintain rigorous quantitative risk control across volatility surfaces and correlation dynamics, and coordinate with key internal and external stakeholders to develop and scale Citi’s equity exotic derivatives and structured solutions franchise.

Equity Exotic Book Trading, Structuring & Revenue Generation Oversee and support a specialized Exotic Trading book, driving revenue generation, competitive market-making, and disciplined capital allocation within established risk limits. Trade and structure non-linear and path-dependent products, including: Autocallables, Accumulators, Volatility Swaps, Correlation & Dispersion structures, Worst-Of/Best-Of baskets. Coordinate across Markets and Securities Services: Partner seamlessly with Structuring, Institutional Sales, Retail Sales, and Platform team to originate marquee client transactions and expand client wallet share. Anticipate client demand in the exotic market: Identify macro structural trends, shifts in volatility regimes, and client appetite across Institutional, Corporate, and Global Wealth Management segments for yield enhancement, downside protection, and tail-risk hedging. Deliver secondary market liquidity: Provide active pricing, unwinds, roll-overs, and restructuring for existing exotic derivatives and structured note portfolios. Establish and maintain key institutional relationships: Foster top-tier liquidity and trading relationships with interdealer brokers, institutional counterparties, and liquidity providers to optimize execution flow and funding. Quantitative Risk & Dynamic Higher-Order Greeks Management Manage multi-dimensional book risk: Actively hedge and dynamically balance complex Greek exposures across spot, volatility, and correlation dimensions: First- & Second-Order Greeks:  Delta, Gamma, Cross-Gamma, Vega, and Theta across multi-tenor implied volatility surfaces. Higher-Order Greeks:  Vanna, Volga, Charm, Color, Speed, and Volatility Skew/Smile dynamics. Cross-Asset & Correlation Risks:  Multi-asset correlation smiles, dispersion dynamics, dividend projections, repo curves, and borrow costs. Discontinuous & Barrier Risks:  Jump-to-default, gap risk, pin risk around knock-in/knock-out barriers, and autocall observation dates. Quantitative Scenario Analysis & Stress Testing: Run extensive intraday scenario analyses, jump-to-default simulations, tail-risk stress tests, and extreme liquidity shock assessments. Quantitative Analytics & Front-Office Infrastructure Development Quantitative Model Calibration: Partner with Core Quantitative Research and Quant Developing teams to implement, test, and calibrate advanced exotic pricing models Front-Office Tooling & Analytics: Build and maintain real-time risk dashboards, and automated quoting tools using Python, and VBA. Coordinate with Desk Analysts & Quants: Mentor and guide desk analysts on daily runbooks, P&L attribution, and pricing parameter calibration. Governance, Controls & Supervision Lead strong governance and controls: Champion an uncompromising risk and control environment across all trading, structuring, and booking activities. Control Function Partnership: Work in close partnership with control functions such as Legal, Compliance, Market Risk Management, Model Risk Governance (MRG), Credit Risk, Internal Audit, and Product Control / Finance to ensure appropriate governance and control infrastructure. Build a culture of responsible finance: Promote good governance, diligent supervision, expense discipline, and high ethical standards across the desk. Risk/Reward Assessment: Appropriately assess