Senior Index Flow Trader

Discover your future at Citi

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Job Overview

Position Objective:

The equity index derivatives trading team (focused on risk, pricing & hedging within the US) is looking for a senior volatility trader. The Index desk covers vanilla options and variance swaps on all the US indices (including volatility indices like VIX) and ETFs (including international and cross-asset ETFs). The role requires broad collaboration across all indices but has a focus on S&P and VIX.

Key Responsibilities:

• Manage risk, pricing and hedging of a variety of index derivatives products
• Execute trades, including stocks, futures, options and variance swaps in order to hedge customer trades
• Coordinate internally with other desks and externally with inter-dealer brokers in order to seek and analyze trade opportunities to optimize hedging and increase efficiency
• Generate market color, ideas and axes to maximize client revenues
• Maintain the existing tools necessary for the desk to operate and manage risks properly, as well as develop new ones
• This is a manager position, so in addition to managing risk/pricing, the individual will be responsible for a team

Development Value:

The candidate will be part of a top-tier trading team and immediately be involved in all aspects of maintaining and expanding the franchise: from pricing, risk management and technology initiatives.

Qualifications:

• A similar role with a leading bank, market maker, or hedge fund with volatility experience, ideally index focused. 
• 10yrs + of derivatives trading experience, as well as experience in managing a team
• Strong knowledge of derivative products
• Strong knowledge of the Equity and Options markets
• Strong verbal communication and analytical skills
• Programming skills are a plus
• Good reputation, hard worker, team player, ability to act fast under pressure
• Ability to partner and build working relationships with colleagues across trading, sales, quants, strategy and support desks

Other:

• Education Level: Bachelor's Degree or higher

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Job Family Group:

Institutional Trading

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Job Family:

Trading

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Time Type:

Full time

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Primary Location:

New York New York United States

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Primary Location Full Time Salary Range:

$250 000,00 - $500 000,00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Most Relevant Skills

Please see the requirements listed above.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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Anticipated Posting Close Date:

may 13, 2026

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