Structured Product Trader

Citizens Capital Markets & Advisory is seeking a Director/Managing Director Structured Product Trader to join its Structured Products platform. This role is centered on risk management, liquidity provision, price discovery, and balance sheet optimization across Structured Products, including ABS, CLOs, and related securitized assets. The successful candidate will play a critical role in secondary market trading, primary issue execution support, and market leadership across the securitized products platform.

Key Responsibilities

• Own and actively manage Structured Products trading risk across ABS, CLOs, and related securitized products with disciplined balance sheet deployment.
• Drive revenue generation through market making, relative value analysis, and tactical risk positioning.
• Provide liquidity solutions and execution support to institutional clients across a broad range of structured product sectors.
• Partner closely with Structured Products Sales and Syndicate teams on new issue pricing, distribution strategy, investor feedback, and aftermarket performance.
• Deliver real-time market color, pricing intelligence, and liquidity insight to Sales, Syndicate, Banking, and Research teams.
• Evaluate and manage inventory levels, capital utilization, and liquidity exposure in accordance with risk and return objectives.
• Develop market expertise across a diverse range of structured product sectors, including ABS, CLOs, and related securitized assets.
• Serve as a senior market resource regarding trading strategy, market structure, valuation, and execution dynamics.
• Mentor junior traders and contribute to a high-performance, risk-aware trading culture.
• Maintain strict adherence to regulatory, supervisory, and internal risk management requirements.
   

Qualifications

• 10+ years of experience in Structured Products Trading, securitized markets, or a closely related capital markets role.
• Deep expertise in ABS, CLOs, securitized products, market structure, pricing, liquidity, and relative value dynamics.
• Strong understanding of structured finance fundamentals, rating agency methodologies, collateral performance, and credit analysis.
• Proven ability to generate P&L through disciplined risk management and market insight.
• Strong judgment balancing client facilitation, risk management, and firm profitability.
• Excellent communication skills with the ability to articulate market views internally and externally.
   

Hours & Work Schedule

• Hours per Week: 40+
• Work Schedule: Monday to Friday 

Pay Transparency

The salary range for this position is $300,000 to $400,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to, the budget,  the work location, and relevant skills and experience.  ​

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of very local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.

Equal Employment and Opportunity Employer

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Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.