Citi
Commodities Quantitative Analyst (Assistant Vice President)
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Joining Citi
By joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
Quantitative Analyst – Market Quantitative Analysis (MQA) – Commodities XVA Desk
Location: London Employment Type: Full time
About the Role
The Market Quantitative Analysis (MQA) team is seeking a Quantitative Analyst to join the **front office Commodities Quant team in London, supporting the Commodities XVA desk. The business covers key commodities areas, including:
- Oil
- EMEA and NAM Power and Gas
- Metals
- Agriculturals
- Investor Products and Exotics
- Credit Valuation Adjustment (CVA), with trading arms in London, Houston and New York
Key Responsibilities
The role involves:
- Developing and supporting modelling and analytics needs for the trading business, requiring close collaboration with trading desks, IT, and control functions.
- Employing a variety of modelling and pricing techniques to address the complexities of Commodities markets.
- Designing cutting-edge solutions to enable the business to adapt amid evolving market conditions.
What You’ll Do
Core Duties
- Develop analytics libraries for pricing and risk management.
- Create, implement, and support quantitative models using diverse mathematical and computer science methods.
- Tools: C++, Python, JavaScript, React
- Techniques: Advanced calculus, hardware acceleration, numerical pricing techniques, Monte Carlo Methods, PDE solvers
- Collaborate closely with Traders, Structurers, and technology professionals.
- Partner with control functions (Legal, Compliance, Risk, Audit) to maintain governance, control infrastructure, and responsible finance practices.
- Prioritise risk assessment, ethical behaviour, and compliance with laws and policies.
- Become familiar with and adhere to Citi’s Code of Conduct and the Plan of Supervision for Global Markets and Securities Services.
- Operate within police:value, security, and dy policies applicable to the role.
- Maintain relevant registrations and licenses promptly.
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Key Ethical and Governance Commitments
- Assess risk-reward in transactions while upholding rigorous oversight.
- Ensure all team members adhere to responsible business conduct.
- Model and promote expense discipline, ethical standards, and firm reputation protection.
- Safeguard clients, assets, and Citigroup through compliance and ethical decision-making.
Requirements
- Education: Masters or PhD (or equivalent) in a quantatively related field.
- Experience:
- Prior role in quantitative modelling or analytics, ideally within Financial Markets.
- Proficiency in coding and technical skills:
- C# .Net, SQL, and C++ core requirements.
- Exposure to Market Data tools, Statistics, Probability, Risk Analysis.
- Ability to apply probability theory to assess risks of complex financial instruments.
- Software design principles expertise.
- Basic product knowledge in Investments & Quantitative Models.
- Interpersonal Skills:
- Clear, concise written and verbal communication in a high-pressure environment.
- Collaboration with cross-functional teams (Traders, Regulators, Developers).
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Benefits
At Citi London, we prioritise employee well-being and offer:
Workplace Flexibility
- Hybrid working model: Up to 2 days working from home per week (business casual attire standard).
- Competitive salary with annual reviews.
Supportive Perks
- Generous holiday allowance: Starting at 27 days plus bank holidays (increases with tenure).
- Discretionary annual performance-related bonus.
Well-being & Security
- Private medical insurance packages.
- Employee Assistance Program.
- Full pension contribution plan.
Parenting & Excellence Support
- Paid Parental leave.
Exclusive Benefits
- Special discounts for employees, family and friends on luxury, travel, and daily products.
- Access to learning and development resources.
Citi Culture
We aim to create an inclusive workplace where employees feel empowered to share their authentic selves. Our commitment fosters:
- Career growth opportunities.
- Equal employment opportunities for diverse backgrounds.
Citi proudly embraces diversity and offers equal opportunities without regard to race, colour, religion, sex, sexual orientation, disability, or veteran status. Support for accessibility is available upon request—visit Accessibility_at_Citi for further details.
Apply today to further your capabilities within a trusted global leader.
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