Business Analyst: Exotic Interest Rate and Credit Derivatives

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Belfast, County Antrim, Northern Ireland, GBR
In-Office
Fintech • Financial Services
The Role

Overview

Citi is a world-leading global bank. We have approximately 200 million customer accounts and a presence in more than 160 countries and jurisdictions worldwide. We provide consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. We enable clients to achieve their strategic financial objectives by providing them with cutting-edge ideas, best-in-class products and solutions, and unparalleled access to capital and liquidity.

What We do / The Team

We are looking for a senior Business Analyst in the Interest Rate Exotic Derivatives development team of our Fixed Income Trade Processing (FiTP) application, based in Belfast.

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 new (and enhancement of existing) 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 unit test, user acceptance testing and delivery to production of Exotic derivative products. These products exhibit a high degree of complexity, therefore familiarity with quantitative analytics, non-linear risk attributes, fpml modelling and derivative product workflows and post trade events is a pre-requisite for the role.

Role Overview/What will you do:

  • The BA will assist in defining new products and treatments, and generating functional and technical specification and test cases, managing the product through end-to-end delivery
  • Act as trusted partner to our business clients to represent their requirements for technology solutions in the Exotic derivatives domain
  • Define, document and generate actionable functional and technical requirements for our in-house development team
  • Guide and mentor other team members
  • Own and be accountable for cross-asset initiatives, influencing strategic technical direction and driving re-use of our data infrastructure
  • Build a strong partnership with our upstream and downstream business and technology partners
  • Grow and curate our catalogue of common assets, such as code templates, libraries, utilities, services, etc.
  • Troubleshoot performance and scalability issues, take ownership of issues and their technical remediation

Key Skills and Experience required

  • Proven experience working on enterprise level project as a BA or QA Analyst
  • 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 translate business requirements into functional requirements
  • Experience in writing detailed Functional/Technical specifications, use cases for development and QA teams
  • Experience with writing documentation for mapping different data formats between each other
  • 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:

  • 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

What we’ll provide you

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

  • Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
  • A discretionary annual performance related bonus 
  • Private medical insurance packages to suit your personal circumstances
  • 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. 

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities. 

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Job Family Group: Technology

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Job Family:Applications Development

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Time Type:Full time

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Most Relevant Skills Please see the requirements listed above.

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Other Relevant Skills For complementary skills, please see above and/or contact the recruiter.

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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.

Citi Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Citi and has not been reviewed or approved by Citi.

  • Healthcare Strength — Benefits coverage is positioned as comprehensive, including health, dental, and vision insurance plus on-site clinics, prescription drug support, and disability coverage. Family-building support such as fertility assistance is described as a notable differentiator within the overall package.
  • Retirement Support — Retirement benefits are framed as strong, highlighted by a 401(k) with matching and additional plan options like a Roth 401(k). Financial support is reinforced through discounts and broader financial guidance resources tied to the benefits ecosystem.
  • Wellbeing & Lifestyle Benefits — Wellbeing support extends beyond insurance through programs like an Employee Assistance Program, counseling/legal resources, and gym or wellness reimbursement. These offerings increase the perceived total rewards value even when cash compensation sentiment varies by role.

Citi Insights

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What We Do

Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. We have 200 years of experience helping our clients meet the world's toughest challenges and embrace its greatest opportunities. We are Citi, the global bank – an institution connecting millions of people across hundreds of countries and cities.

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