VP – Spread Products XVA Trader – New York, NY | Citi Jobs

VP – Spread Products XVA Trader – New York, NY | Citi Jobs

February 5, 2026 discoverhiddenusacom Business

Citigroup Global Markets Inc. Is seeking a Trader, VP-Spread Products XVA Trading, to be based in New York, New York. This role focuses on the pricing and risk management of financial instruments within the company’s Spread Products business.

Job Responsibilities

The Trader, VP will be involved in managing X-Valuation Adjustment (XVA) tasks for new trades and existing exposures. This includes developing and maintaining quantitative tools using interest rates and credit modeling techniques. The position requires calculating the fair value of XVAs and assessing associated risks using models, and simulations.

Analyzing Profit and Loss (P&L) related to XVA is a key component, as is developing hedging strategies and managing risks associated with derivatives trading and Structured Notes issued by Special Purpose Vehicles. The role also involves conducting scenario analysis and stress testing to prepare for potential losses.

Collaboration is essential, with the Trader, VP coordinating with teams in Markets Quantitative Analysis, Market Risk, Technology, and Financial Control. They will also be expected to ensure compliance with regulatory requirements such as Basel, SACCR, and CCAR. Programming skills in Python, VBA, and Object-Oriented Programming are required for developing desk tools.

Did You Know? The position requires experience with Monte Carlo simulation methodology to model exposure profiles of derivatives under different market scenarios.

Qualifications and Compensation

Candidates must possess a Master’s degree, or its foreign equivalent, in Financial Engineering, Quantitative Analytics, Engineering, or a related field. A minimum of three years of experience as a Trader, Quantitative Analyst, Analyst, Associate, or in a similar role within a global financial services institution is also required.

Specific experience needed includes knowledge of Fixed Income products, exotic derivatives, financial mathematics, and pricing methodologies. Proficiency in statistical techniques, market data analysis, and quality control frameworks is also essential. At least one year of experience must be dedicated to pricing and risk management tool development.

The salary range for this full-time position is $250,000 to $250,000 annually. Citi also offers a range of benefits, including medical, dental, and vision coverage, a 401(k) plan, and paid time off. Additional incentive and retention awards may be available.

Expert Insight: The emphasis on regulatory compliance – specifically mentioning Basel, SACCR, and CCAR – highlights the increasing scrutiny and complexity of risk management within the financial industry. This suggests a need for professionals who can navigate a highly regulated environment.

Application Information

Interested applicants are directed to submit their resumes through the Citi careers website. The Job ID number for this position is #26932441. The anticipated posting close date is March 20, 2026.

Frequently Asked Questions

What is XVA?

XVA refers to X-Valuation Adjustment, and the role involves managing tasks related to XVA for Citi’s Spread Products business, including new trade pricing and risk management of existing exposure.

What programming languages are required?

Candidates are expected to be proficient in programming languages including Python, Excel, and VBA, as well as understand Object-oriented software design.

What is the minimum education requirement?

The position requires a Master’s degree, or foreign equivalent, in Financial Engineering, Quantitative Analytics, Engineering (any), or a related field.

As financial markets continue to evolve, how might the skills required for this role adapt to address emerging risks and regulatory changes?