Winter 2026

Markets Off-Cycle Intern

Sales and Trading

Posted on 9/25/2025

Deadline 10/31/25
Citi

Citi

10,001+ employees

Global financial services including banking, investment

No salary listed

Paris, France

Hybrid

Hybrid working model (up to two days working at home per week)

Category
Quantitative Finance (2)
,
Required Skills
Python
Risk Management
VBA
Data Analysis
Excel/Numbers/Sheets
Requirements
  • You are currently enrolled in a university that can provide a mandatory internship agreement which forms part of your graduation (Graduation Year 2026/2027) and possess a valid resident/work permit.
  • Ideally, you are on track to graduate with a Bachelor’s/Master’s degree from a Business or Engineering school.
  • You have a good understanding of finance and an interest in Markets.
  • You are proficient in Microsoft office, especially Excel.
  • You have excellent interpersonal skills, coupled with a strong attention to detail and exceptional planning and organizational skills.
  • You are intellectually curious and proactively seek out new and creative ideas.
  • You are a self-starter who thrives both independently and as part of a collaborative team, with a strong commitment to personal growth and career development, including mobility and flexibility.
  • You have an unwavering commitment to integrity and ethical decision-making.
  • You are fluent in written and spoken English.
  • Depending on the specific position, a solid understanding of option pricing theory is required; prior experience in derivatives is advantageous.
Responsibilities
  • We'll help you learn market making and trading book risk management.
  • We'll offer you the opportunity to make a significant impact on the trading desk by developing pricing, hedging and analysis tools and strategies.
  • We'll let you learn from experienced traders as they handle real-time pricing and risk.
  • We'll give you the opportunity to support key desk tasks like risk reconciliation, P&L, and trade booking – great for learning core operations.
  • We’ll offer you the opportunity to contribute to quantitative research projects focused on identifying systematic trading strategies and improving existing risk models.
  • We'll provide you with space to develop trade ideas, watch market trends, and improve analysis using Python and VBA to best identify parameter dislocations.
  • We'll offer you the opportunity to assist in drafting term sheets and to maintain and improve various databases critical to the desk's operations, providing you with valuable exposure to key aspects of the trading lifecycle.
  • We’ll provide you support to prepare regular market updates based on Citi's research and traders' insights and collaborate with internal partners across departments such as Debt Capital Markets, sales, trading, banking, legal, and Middle Office.
  • We’ll give you the resources to create impactful presentations and sales materials, including the opportunity to develop and showcase compelling trade ideas.
  • We’ll enable you to contribute to the creation of high-quality written derivatives content, including market commentary and trade ideas, for clients such as hedge funds and institutional investors, enhancing your writing skills and industry knowledge.
  • We’ll provide you with the resources to support the optimisation process for regular client tasks, including post-trade reports and weekly/monthly recaps of client activity.
  • We'll enable you to drive excellence in pre- and post-trade services, collaborating with Origination, Valuation, Middle, and Back Office departments to ensure seamless execution and exceptional client satisfaction.
Desired Qualifications
  • Your previous experience in Financial Markets would be advantageous.
  • Your knowledge of programming languages (VBA, Python) is highly desirable.

Citi provides financial services including consumer banking, credit, investment banking, and wealth management to individuals, corporations, and governments. The company operates by earning interest on loans and collecting fees for managing investments, processing trades, and facilitating cross-border transactions through its digital platforms. Unlike many local banks, Citi maintains a physical and digital presence in over 160 countries, allowing it to serve as a single partner for clients with global financial needs. Its goal is to drive growth and profitability for its clients and shareholders while supporting environmental and social sustainability initiatives.

Company Size

10,001+

Company Stage

IPO

Headquarters

New York City, New York

Founded

1812

Simplify Jobs

Simplify's Take

What believers are saying

  • Investment banking fees rose 12% YoY in Q1 2026, fueled by AI-driven M&A acceleration.
  • Hired 60 managing directors from 20 rivals, boosting banking revenues 15% to $1.8bn in Q1 2026.
  • $30bn share buyback signals confidence, targeting 14-15% ROTE by 2031 post-restructuring.

What critics are saying

  • JPMorgan erodes Citi's #5 investment banking rank, diverting mandates within 12-24 months.
  • Investor backlash to 2031 ROTE target causes share underperformance versus Bank of America in 6-12 months.
  • Stripe captures cross-border volumes as Citi's tech lags low-cost alternatives in 24-36 months.

What makes Citi unique

  • Citi leads global cross-border payments, enabling near-instant transfers to Mastercard debit cards across 65 origination countries.
  • Citi expanded TTS non-interest revenue 98% YoY to $1.1bn in Q4 2024 via US dollar clearing growth.
  • Citi operates in 160 countries, serving 200 million accounts with unmatched global network scale.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Wellness Program

Paid Vacation

Paid Sick Leave

Paid Holidays

Company News

Yahoo Finance
Apr 14th, 2026
Banks report strong profits but warn of rising energy prices hitting consumers

America's largest banks reported strong first-quarter profits driven by robust investment banking activity and a resilient economy, though executives warned about mounting risks from rising energy prices and geopolitical uncertainty. JPMorgan Chase posted a profit of $16.49 billion, up 13% year-on-year, whilst Wells Fargo earned $5.25 billion and Citigroup reported $5.79 billion. Investment banking fees surged, with JPMorgan seeing a 30% jump and Citigroup a 12% increase in advisory fees, fuelled by market volatility and corporate dealmaking. However, JPMorgan CEO Jamie Dimon cautioned about "an increasingly complex set of risks", including wars, energy prices and trade tensions. Wells Fargo noted customers allocating more spending to petrol whilst cutting discretionary purchases, signalling potential downstream economic impacts from elevated oil prices.

The Associated Press
Apr 14th, 2026
Banks report strong Q1 profits but warn rising energy prices threaten consumer spending

America's largest banks reported strong first-quarter profits driven by investment banking activity and a resilient economy, but executives warned about emerging economic headwinds from rising energy prices and geopolitical uncertainty. JPMorgan Chase posted a 13% profit increase to $16.49 billion, with investment banking fees jumping 30%. Wells Fargo earned $5.25 billion whilst Citigroup reported $5.79 billion in profits. The gains came amid market volatility and increased merger activity. However, JPMorgan CEO Jamie Dimon cited "an increasingly complex set of risks" including wars, energy prices and trade tensions. Wells Fargo's CFO noted consumers allocating more spending towards petrol whilst reducing discretionary purchases. Dimon warned that higher oil prices' impact "will likely take some time to materialise" if they persist.

Yahoo Finance
Apr 14th, 2026
Citi stock poised to jump as Wall Street loves the name, says Jim Cramer

Citigroup has raised interest among investors, with Jim Cramer highlighting strong market sentiment towards the stock. Following earnings, Cramer noted that Citigroup is "love, love, love by everybody on Wall Street" and expects the stock to jump higher. The bank delivered solid quarterly results, with 8% revenue growth and 35% earnings per share increase, excluding one-time charges. Net interest income rose 14%, beating expectations. However, results were mixed across divisions, with services, banking and fixed income performing well, whilst equity trading and personal banking fell short. Trading at a significant discount to peers despite rising 66% last year, Citigroup remains attractive. CEO Jane Fraser indicated the bank's transformation efforts are over 80% complete, though questions remain about future growth once self-help measures conclude.

Yahoo Finance
Apr 14th, 2026
Citi beats Q1 profit estimates with $5.8B net income as dealmaking surges 14%

Citigroup beat first-quarter profit estimates on Tuesday, reporting net income of $5.8 billion, or $3.06 per diluted share, compared to $4.1 billion in the prior-year period. The result exceeded analysts' estimate of $2.63 per share. Revenue rose 14% whilst net income grew 42%, driven by strong dealmaking activity. Investment banking fees increased 19% to $1.3 billion, with growth in advisory and equity capital markets. Services revenue climbed 17%, and markets crossed $7 billion in revenue. Global investment banking revenue reached $28.2 billion in the first quarter, the highest since 2021. Chief executive Jane Fraser attributed the performance to softer regulation under President Trump and the AI boom. The bank remains on track to deliver its 10-11% return on tangible common equity target.

Structured Retail Products
Apr 13th, 2026
MerQube secures Series C funding from 7RIDGE and Deutsche Börse to scale derivatives-linked ETF platform

MerQube, a US-based index provider specialising in rules-based and derivatives-enabled strategies, has closed a Series C funding round led by 7RIDGE and Deutsche Börse Group. Existing investors including Allianz Life Ventures, Citi, Intel Capital, J.P. Morgan, Laurion Capital Management and UBS also participated, though the funding amount was not disclosed. The company plans to use the investment to scale its technology platform and expand in derivatives-linked ETF and structured product markets. MerQube focuses on providing customised index solutions and data-driven strategies for institutional clients.

INACTIVE