At a Glance
- Tasks: Engage with traders and analyse financial derivative products daily.
- Company: Join a dynamic team at a leading financial institution in Belfast.
- Benefits: Enjoy generous holiday allowance, private medical insurance, and an award-winning pension.
- Other info: Be part of a supportive culture that values diversity and inclusion.
- Why this job: Kickstart your career in finance with real impact and growth opportunities.
- Qualifications: Experience in derivatives and proficiency in Excel or Python preferred.
The predicted salary is between 35000 - 45000 £ per year.
Job Purpose
The Derivatives Intermediate Analyst is a brilliant opportunity to join a growing team based in Belfast with opportunities for progression and development.
The role will consist of daily interaction with Derivative traders, Structuring, Traders and develop a deep understanding of Financial Derivative products.
Responsibilities
- Structure Trade Review requires an in-depth understanding of the trade structure as well as expected payoffs based on moneyness.
You will be responsible to validate booking parameters and payoff.
You should be able to understand how an economic parameter of trade impacts P&L and trader's book.
- Ensure the model is approved by the Quantitative Group and is capable of handling all the features of the trade.
- Read and understand term sheet and validate booking in risk system.
- You should be able to understand pay off language from term sheets for example barrier type, barrier events, coupon contingency etc.
- Review and escalated to Trading and Sales if any of the parameters of the trades are incorrectly booked.
- Liaising extensively with traders, regional stakeholders, and quants team.
- To generate various control reports pertaining to STR.
- Continuous review and study of model and pay off manuals.
Qualifications
- Experience in OTC Equity or Structure Derivative preferred
- Knowledge of Equity Swap, Barrier Options, Callable Notes, Rainbow Options, Variance swap, Vol target will be required.
- Experience with MS Excel Python will be advantage.
- Degree of a mathematical nature preferred
Education
- GCSE English & Maths or equivalent experience
What we Offer
We work hard to have a positive financial and social impact on the communities we serve.
In turn, we put our employees first and provide the best‑in‑class benefits they need to be well, live well and save well.
Highlights of our core benefits include
- Award winning pension
- On-site health services
- Private medical insurance packages to suit your personal circumstances
- Paid parental leave
- Generous holiday allowance starting at 27 Days plus bank holidays; increasing with tenure
- Time Type
- Full time
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.
#J-18808-Ljbffr
Intermediate Derivative Analyst employer: Citi
Citi is an exceptional employer that fosters a dynamic and inclusive work culture, offering employees the chance to thrive in a fast-paced financial services environment. With generous benefits such as 27 days of annual leave, private medical care, and extensive learning resources, employees are empowered to grow both personally and professionally. Located in a vibrant city, Citi provides unique opportunities for collaboration across global teams, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Intermediate Derivative Analyst
✨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 Intermediate Derivative Analyst
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.
