Citi
Interest Rate and Credit Derivatives Business Analyst – VP
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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 the development squad to implement them. This BA position requires good analytical knowledge on Fixed Income and Derivative products from a 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.
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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. 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).
- Nice to Have: Experience with Mysis Summit, Murex, MarkitWire, OpenLink, ICELink.
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This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
What we’ll provide you
By joining Citi, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:
- 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.
Visit our About Us | Culture, Values & Benefits page to learn more.
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.
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Job Family Group:
Technology
Job Family:
Business Analysis / Client Services
Time Type:
Full time
Most Relevant Skills
Please see the requirements listed above.
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
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.
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