At a Glance
- Tasks: Support pricing and analysis of derivatives while developing your analytical skills.
- Company: Join a leading financial institution with a focus on innovation and teamwork.
- Benefits: Gain practical experience, mentorship, and a competitive salary in a dynamic environment.
- Other info: Office-first role with excellent career growth opportunities and hands-on experience.
- Why this job: Dive into the world of finance and make impactful decisions in a collaborative team.
- Qualifications: Strong numeracy, analytical skills, and interest in financial markets required.
The predicted salary is between 50000 - 70000 £ per year.
Join us as a Rates & xVA Analyst. This role sits within the Rates & xVA team in Treasury Markets and focuses on building practical skills in derivative pricing, valuation and risk analysis. It is suited to someone who enjoys quantitative problem-solving and is interested in building expertise in pricing, valuation and trade economics. You'll gain exposure to how derivative pricing decisions are formed, challenged and explained in a front-office environment. If you have direct experience in derivatives or have developed strong analytical skills in a related area, this role offers the opportunity to build technical capability in a practical setting. This is an office first job, so you'll spend at least four days a week onsite at our Bishopsgate office.
What you'll do
- As a Rates & xVA Analyst, you’ll work closely with Quants, Risk and Finance to support robust, data-driven decision-making, while developing your understanding of rates, valuation and risk over time.
- Support the pricing and analysis of interest rate and structured derivative transactions, with a focus on accuracy and consistency.
- Develop understanding of how market movements, economic data and macro factors influence pricing and hedging decisions.
- Support xVA-related analysis such as credit, funding, capital and collateral considerations, and assess the impact on trade economics.
- Build and enhance analytics, models and tools to support pricing, valuation and risk management decisions.
- Analyse transaction economics, sensitivities and key valuation drivers to support informed decision-making.
- Take ownership of trade lifecycle events including booking, maintenance, amendments, unwinds and restructures, ensuring strong control and attention to detail.
- Work with Risk and Finance to ensure pricing and valuation approaches are well understood and clearly communicated.
- Identify opportunities to improve analytical frameworks, simplify processes and automate workflows.
The skills you'll need
- To take on this role, you’ll have strong numeracy and analytical problem-solving skills, with an interest in financial markets, pricing, valuation or risk management.
- Experience of Python or similar tools would be beneficial but can be developed in the role.
- A background in a quantitative or analytical discipline would also be helpful, but we also welcome candidates who can demonstrate strong transferable analytical skills and learning ability.
- You’ll also need to be comfortable working with data, assumptions and structured analysis.
- Experience of Excel.
- The ability to communicate technical concepts clearly and logically.
Hours: 35
Job Posting Closing Date: 13/06/2026
Ways of Working: Office First
Rates & xVA Analyst in London employer: NatWest Group
As a Rates & xVA Analyst at our Bishopsgate office, you'll be part of a dynamic team that fosters a collaborative and innovative work culture, where your analytical skills will be honed through hands-on experience in derivative pricing and risk analysis. We prioritise employee growth, offering opportunities to develop technical capabilities while working closely with industry experts, ensuring you are well-equipped for a rewarding career in finance. Our office-first approach promotes teamwork and engagement, making it an excellent environment for those seeking meaningful employment in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land Rates & xVA Analyst in London
✨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 NatWest Group. 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 Rates & xVA Analyst in London
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 NatWest Group.
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 NatWest Group'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 NatWest Group
✨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 NatWest Group.
✨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 NatWest Group 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 NatWest Group 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.
