Phi Partners
Senior Business Analyst

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About Phi Partners
Phi Partners has been a trusted capital markets consultancy for more than 20 years, providing quantitative and technology expertise across front office, pricing and risk. We support more than 80 financial institutions across the buy-side and sell-side through niche capabilities spanning quant, engineering, vendor platforms and cloud infrastructure.
Our teams work on complex, real-world problems across models, analytics, applications, data and cloud infrastructure, within an international delivery organisation built around regional hubs and specialist centres of excellence. For people who enjoy technically demanding work in capital markets, Phi offers the opportunity to work closely with expert colleagues and major financial institutions on high-value, business-critical initiatives.
About the Client
Our client is the Investment and Corporate Banking subsidiary of a leading global Tier-1 bank, employing over 7,000 people. Ranked among the largest banks in North America, the institution manages assets more than $650bn and has an established presence across major global capital markets. The bank is currently investing in a programme to modernise its trade and market data systems, building robust, scalable, cross-asset platforms for its Central Funding business.
About the Programme
We are looking for a talented individual to join us as a Senior Business Analyst within the Funding, Treasury and Liquidity (FTL) Program in London. You will report to the Pre-Trade Product Owner who is also based in London and form part of the global development team. The role will focus primarily on Pre-Trade activities within the Central Funding Group primarily working on the ATOM application. ATOM is a greenfield global front office analytics, risk and trade order management platform used globally by the Central Funding business.
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I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?
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Graduate Consultant — 2026 Scheme
Why you're a good match
StrongYour economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.
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Why you're a good match
You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.
Experience fit
Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.
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You will be responsible for delivering enhancements on the ATOM platform as well as provide day-to-day support to traders using this application. In this role you will participate in the SDLC from the beginning, where you will be involved in requirements gathering workshops and ad-hoc sessions and right till the end where you will sign off on test results before deployment. You will have the opportunity to interact with senior leadership, traders and technology teams across the organization.
Key Skills
Necessary skills include:
- Experience working as a Business Analyst in Front Office and Back Office teams
- Experience gathering requirements from Front Office users and translating them into clear specifications for developers
- Ability to explain technical issues and constraints back to non-technical stakeholders
- Detailed understanding of the Repo and Sec Lending markets (Front Office, Settlements and Collateral Management)
- Excellent communication skills and the ability to work effectively within a global team split across several different locations and time zones


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Nice to Have Skills
- Understanding of P&L valuation methods, including clean vs. dirty P&L, realized vs. unrealized P&L, and carry/funding P&L specific to repo trading
- Knowledge of risk calculation methods, including PV01/DV01, Value at Risk (VaR), duration/convexity, and collateral haircut and counterparty exposure calculations
- Familiarity with collateral management platforms such as FIS Apex Collateral (or equivalent), covering repo, securities lending and OTC collateral optimization workflows
Next steps
This is an excellent opportunity to establish yourself within a growing consultancy, working on a key client account within a long-term, front-office focused programme. The right professional can build their leadership and stakeholder-management experience while remaining hands-on, with exposure to one of the client's most critical delivery teams.
If you are interested, please send an up-to-date CV to ashutosh.pawar@phipartners.com. We're happy to set up a call to talk through the role in more detail.
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