At a Glance
- Tasks: Analyse business problems and implement solutions in the finance sector.
- Company: Join Citi, a global leader in finance and technology.
- Benefits: Enjoy 27 days annual leave, private medical care, and performance bonuses.
- Other info: Dynamic team environment with opportunities for mentorship and career development.
- Why this job: Shape the future of finance while driving innovation and growth.
- Qualifications: Experience in investment banking and strong analytical skills required.
The predicted salary is between 80000 - 100000 £ per year.
Engineer the future of global finance. At Citi, our Tech team doesn’t just support finance – we are helping to redefine it. Every day, $5 trillion crosses through our network. We do business in 180+ countries operating at a scale few can match. From deploying advanced AI to helping shape global markets, we build systems that matter. Look to join a team where your work helps influence economies, your ideas can drive innovation and outcomes, and your growth is backed by mentorship, continuous learning and flexibility with potential hybrid work opportunities. Help solve real-world challenges that touch millions and get the opportunity to build the future of finance with Citi Tech.
What We do / The Team
The Senior Business Analyst position is responsible for understanding business problems, analyzing them thoroughly, finding appropriate solutions and working with development squad to implement them. This BA position requires good analytical knowledge on Fixed Income and Derivative products from Front Office perspective. FiTP is the primary deal capture, trade processing, inline PV & risk, and workflow processing for Vanilla and Exotic IR derivatives, as well as being the strategic capture system for several other asset classes. The team is responsible for supporting the business in the development of functionalities for derivative products, trade capture and processing. The team actively engages with the multiple trading desks involved, Middle Office and Operations, Financial Control, Market Risk management, Regulatory, Credit and close collaboration with the development and QA testing teams. This role encompasses the capture of requirements, specification, transition of associated jira through build and QA, user acceptance testing and delivery to production.
Role Overview / What will you do
- Lead the analysis and requirements gathering for fixed income OTC Derivatives Trade Capture and Trade Processing.
- Work with traders, Sales, business unit managers and heads of businesses to understand business practices and provide solutions enabling business growth and growing operational efficiencies.
- Lead deliveries end to end from requirements, design, construction, testing and implementation; provide user and operational support on application to business users.
- Work with PM to establish and maintain periodic communication to business and technology partners.
- Take lead in planning the best practice solutions, tracking, execution, and overall project management of the roll out of cross asset and multi-functional initiatives.
Key Skills and Experience
- Extensive experience as a Business Analyst or similar role, ideally within Investment Banking.
- Ability and proven experience of driving functionality/project from analysis to successful production.
- Proven experience as an owner of delivering successful project outcomes.
- Ability to communicate productively and efficiently with business (FO Traders, Business Managers etc.).
- Ability to transform business requirements into precise functional/technical specifications.
- Proven diplomatic and analytical skills. Have ability to manage complex and variable issues with substantial potential impact by weighing various action plans and balancing potentially conflicting needs.
- Strong team orientation and commitment to overall team success, intense user focus and commitment to driving quality.
- Effective time management skills to manage multiple priorities with flexibility on time zones.
- Experience with XML: xpath, xsd (to be able to build xml schema, xpath etc), JSON.
- SQL knowledge to be able to query and analyze database data. Ability to create complex sql queries.
- Knowledge and proven experience with UML/BPMN or any other workflow/visualization notations as a business analyst.
- Experience with Investment banking - OTC derivatives: products knowledge, trade life-cycle knowledge, STP and experience in such projects (especially interest rate derivatives).
Any Beneficial / Nice to have skills and experience
- Ability to manually calculate P&L, Risk concepts, aptitude/interest in number crunching, problem solving and articulation skills.
- Knowledge of any object-oriented programming language (java, c#, Delphi etc.) to be able to read and understand code.
- Knowledge and experience with FpML for interest rate/commodities or equities derivatives.
- Knowledge of any other financial protocols/formats used to describe derivatives (SwML, FIX, FIXml, SWIFT etc.).
- Knowledge of investment bank structure and departments responsibility, operational processes (FO, MO, BO).
- Experience with Mysis Summit, Murex, MarkitWire, OpenLink, ICELink.
What we’ll provide you
- 27 days annual leave (plus bank holidays)
- A discretional annual performance related bonus
- Private Medical Care & Life Insurance
- Employee Assistance Program
- Pension Plan
- Paid Parental Leave
- Special discounts for employees, family, and friends
- Access to an array of learning and development resources
Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self, every day. We want the best talent around the world to be energized to join us, motivated to stay and empowered to thrive. 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.
Interest Rate and Credit Derivatives Business Analyst – VP employer: Citi
Citi is an exceptional employer that empowers its employees to engineer the future of global finance through innovative technology and a collaborative work culture. With a commitment to mentorship, continuous learning, and flexible hybrid work opportunities, employees are encouraged to grow and thrive in their careers while contributing to impactful projects that influence economies worldwide. The comprehensive benefits package, including generous annual leave, private medical care, and performance-related bonuses, further enhances the rewarding experience of working at Citi.
StudySmarter Expert Advice🤫
We think this is how you could land Interest Rate and Credit Derivatives Business Analyst – VP
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Citi. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Interest Rate and Credit Derivatives Business Analyst – VP
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Citi.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Citi's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Citi
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Citi.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Citi will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Citi employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
