Quant jobs / Citi

Systematic Credit Trader

A trading seat on Citi's European systematic spread desk, which runs automated market making and portfolio trading in bonds, credit index futures and fixed income ETFs. The desk has a handful of traders working with a larger team of quants who build the pricing algorithms.

What you’d work on

Our reading of the posting: what a new hire in this role would most likely spend their first months on.

Tune the parameters of the desk's automated quoting framework as market conditions change
Monitor algo activity and handle single-bond trades manually with clients and sales
Price and execute portfolio and basket trades, including ETF creation and redemption
Feed back model issues and improvement ideas to the quant team
Grow the custom baskets franchise with key clients

What they ask for

Required

Experience trading EUR/USD corporate or government bonds, or related ETFs
Automated market making experience
Pricing and risk management of a trading book
Advanced coding, maths and data analysis
Bloomberg and trade booking systems
Client communication

Preferred

Master's degree

Education: Bachelor's degree or equivalent experience; master's preferred
Experience: Experienced trader already managing risk in credit or bond market making; not entry level
Markets: credit, fixed-income

How to prepare

Study how dealers quote bonds and ETFs, including bid-offer, inventory and basis against underlying baskets
Build a toy market-making simulator that skews quotes with inventory
Learn credit index and ETF creation and redemption mechanics
Practise analysing trade data in Python to explain desk P&L

What to study

Apply

Read the full posting on Citi’s site before applying: requirements, location and pay can change after we check them.

View the posting on Citi’s site ↗

SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with Citi and doesn’t handle applications.