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
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.
You’ll also:
- 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
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
35Job Posting Closing Date:
13/06/2026Ways of Working:Office FirstSkills Required
- Strong numeracy and analytical problem-solving skills
- Interest in financial markets, pricing, valuation or risk management
- Experience of Excel
- Experience of Python or similar tools
- Background in a quantitative or analytical discipline
- Comfortable working with data, assumptions and structured analysis
- Ability to communicate technical concepts clearly and logically
- Office-first working pattern, at least four days per week onsite at Bishopsgate
NatWest Group Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about NatWest Group and has not been reviewed or approved by NatWest Group.
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Flexible Benefits — A flexible ValueAccount structure with pension and benefit funding allows tailoring of health, protection, lifestyle, and savings options, with unused amounts typically paid as cash. This flexibility supports personalisation of coverage, particularly in Great Britain where the framework is most detailed.
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Retirement Support — Employer-funded pension contributions are provided on top of salary in Great Britain, alongside automatic retirement enrollment and share/save programs. This creates structured long‑term wealth support as part of total reward.
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Parental & Family Support — UK policies outline extended maternity, adoption and equal partner leave on full pay with a phased return, plus paid neonatal care leave. These provisions are positioned as market‑leading and complement broader flexibility resources.
NatWest Group Insights
What We Do
We’re a business that understands when our customers and people succeed, our communities succeed, and our economy thrives. As part of our purpose, we’re looking at how we can drive change for our communities in enterprise, learning and climate. As one of the leading supporters of UK business, we’re prioritising enterprise as a force of change. We’re focusing on the people and communities who have traditionally faced the highest barriers to entry and figuring out ways to remove these. Learning is also key to our continued growth as a company in an ever changing and increasingly digital world. By setting a dynamic and leading learning culture, our people prosper, and our customers are given the tools to continue to improve their financial capability and confidence. One of the biggest challenges we all face in our future is climate change. That’s why we’ve put it right at the core of our purpose. We want to champion climate solutions with financing and entrepreneurial support, fully embed climate into our culture and decision making, and be climate positive by 2025. We’re committed to using our purpose to break down barriers, drive change and ultimately create a great place to work.
