SES Fund Financing Trader, Strategic Equities Solutions, Vice President or Assistant Vice President

Job ID: 100826242176Posted: 2026-09-18Location: New York, New York, United StatesSalary: $175,000.00 - $250,000.00Category: Institutional Trading, Professional, MarketsCompany: CitiJob DescriptionCiti is seeking a VP or AVP level Trader for the Strategic Equity Solutions Fund Financing Trading Desk (NAV & LP-Interest Lending). Fund Financing is a specialized, growing niche within the desk, and the current and future size of the business requires greater initial and ongoing asset analysis and risk management.The Strategic Equity Solutions Financing Trader is an analytically-focused role primarily on the NAV & LP-Interest Lending desk, combining fundamental credit/collateral judgment with hands-on quantitative modeling. The overall objective of this role is to strengthen the desk's asset analysis, collateral evaluation, and portfolio risk-monitoring capabilities — improving the quality and speed of the fundamental views that drive trade decisions.Responsibilities:Portfolio & Asset AnalysisPerform portfolio and asset analysis, collate company/collateral information, evaluate portfolio strength and weakness, and perform red-flag analysis.Source and critically evaluate public information (news, sector data, ratings actions) and private sponsor-shared information (valuation reports, LP fund reports, capital account statements, ad-hoc data).Assess sponsor reporting quality, valuation frameworks and consistency of application, and track record by PE sponsor.Build trend analysis of position marking; cross-check valuations with DCF or comparable-company multiples using normalized EBITDA/EBITDAC; identify valuation anomalies and risk assets requiring further work.Discuss data sourcing with Fund Finance team and prioritize extraction from sponsors.Structural & Financial ReconciliationInvestigate the legal and financial structures of each transaction; understand the interrelation between asset quality, realization lifetime, and downside valuations, and the key terms of loan documentation (security and enforcement rights, ability to realize asset value in default, and overall risk/reward).Reconcile the borrowing base to third-party audited or reviewed data (third-party valuation reports, bank reporting packs, year-end audited accounts).Tie reconciliations back to underlying facility documentation (advance rates, eligibility, exclusions, covenants) — confirming both the numbers and their compliance with the credit agreement.Work with the origination and risk teams to investigate and correct errors and liaise with Borrowers.Reporting Standardization & IBR LiaisonOwn the setup and management of a repeatable monthly/quarterly process to log and report on the post-closing borrowing-base reconciliation to Loan Agreement reporting packages, acting as an early-alert system for stressed, materially mismarked, or divergent assets.Ensure output is being fed to the broader Trading team and the booking system used for positions.Market Data, News Flow & Credit MarksTrack information, news flow, and credit marks from public sources (loan marks, BDC marks, secondary LP pricing, comparable spreads); produce summaries and ongoing dashboards.Maintain a consolidated marks & liquidity view; flag divergences between carried marks and external evidence; surface stale or aggressive marks.Build system transparency to capture and flag material observations to Fund Finance and the sponsor.Financial Modeling & Loan SimulationBuild Excel models per portfolio to simulate cash flows and LTV migration, coverage, and amortization under differing asset-realization scenarios, considering tail risk at maturity or end of fund life.Further develop a Trading Desk stress-testing framework (extendable to rates, refi, and NAV-drawdown shocks).Governance & ControlsWork in close partnership with control functions (Legal, Compliance, Market and Credit Risk, Audit, Finance) to ensure appropriate governance and control infrastructure.Appropriately assess risk/reward of transactions, demonstrating consideration for the firm's reputation and safeguarding Citigroup, its clients, and assets, by driving compliance with applicable laws, rules, and regulations, adhering to Policy, applying sound ethical judgment, and escalating and reporting control issues with transparency.Adhere to Citi's Code of Conduct and the Plan of Supervision for Global Markets and Securities Services, and to all policies and procedures defined for the role.Recommended Qualifications4–10 years of experience in a related role (structured credit, fund finance, distressed/fundamental credit, or financing/trading analytics).Fundamental credit and collateral analysis skills, including valuation cross-checks (DCF and comparable-company multiples using normalized EBITDA/EBITDAC).Strong financial modeling capability — Excel-based cash flow, LTV migration, coverage, amortization, and stress-testing frameworks.Understanding of loan documentation, borrowing-base mechanics, security/enforcement rights, and reconciliation to third-party data.Advanced analytical and numerical competency; ability to analyze situations and determine suitable outcomes.Consistently demonstrates clear and concise written and verbal communication.Effective interpersonal skills to develop and maintain relationships with internal and external stakeholders across Trading, IBR, Fund Finance, and Structuring.Knowledge of Bloomberg, booking systems, and trading/closing technicalities.Required licensing and registrations as applicable.EducationBachelor's degree / University degree or equivalent experience.Master's degree preferred.Advertised salary is for VP level.------------------------------------------------------Job Family Group: Institutional Trading------------------------------------------------------Job Family:Trading------------------------------------------------------Time Type:Full time------------------------------------------------------Primary Location:New York New York United States------------------------------------------------------Primary Location Full Time Salary Range:$175,000.00 - $250,000.00In 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.------------------------------------------------------Most Relevant Skills Please see the requirements listed above.------------------------------------------------------Other Relevant Skills For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------Anticipated Posting Close Date:Sep 25, 2026------------------------------------------------------Automated Processing and AIWe use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.Illinois residents – AI Notice and Right------------------------------------------------------Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.View Citi’s EEO Policy Statement and the Know Your Rights poster.