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Intermediate Derivative Analyst

Citi

Belfast

Hybrid

GBP 40,000 - 60,000

Full time

3 days ago

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Job summary

Citi is seeking an Intermediate Derivative Analyst in Belfast. This role involves validating trade bookings and collaborating closely with traders to ensure accuracy and compliance. With a focus on growth, the position offers opportunities for progression in a dynamic environment that values diversity and inclusion.

Benefits

Generous holiday allowance starting at 27 days plus bank holidays

Discretional annual performance-related bonus

Private medical insurance

Employee Assistance Program

Pension Plan

Paid Parental Leave

Special discounts for employees

Access to learning and development resources

Qualifications

Experience in OTC Equity or Structure Derivative preferred.
Knowledge of Derivative products required.
Mathematical or finance-related degree preferred.

Responsibilities

Validate booking parameters and review trade structures.
Liaise with traders and stakeholders extensively.
Generate control reports pertaining to Structured Trade Reviews.

Skills

Knowledge of Equity Swap

Barrier Options

Callable Notes

Variance swap

Education

Degree of a mathematical nature

Tools

MS Excel

Python

Citi Belfast, Northern Ireland, United Kingdom

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Citi Belfast, Northern Ireland, United Kingdom

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Join to apply for the Intermediate Derivative Analyst role at Citi

Citi Markets Operations is currently at a pivotal point in its evolution and journey to implement a target operating model. We take pride and are passionate about our People and our culture. We are invested in our People and their development. We are transforming and simplifying our operating model, creating an exciting environment which encourages diversity of thought and inclusion.

We are a dynamic, global, and diverse Organisation, with a presence in over 60 Countries; covering all front post execution Operations teams including product aligned Middle Office groups, Settlements, Margin, Asset Servicing, Listed Derivative & Commodities Operations. We support an extensive range of Capital Markets products and services including Fixed Income (FX, Rates, Credit, Muni, Cash and Derivatives) where Citi is consistently a dominant top 3 player in the market, Equity (Cash, Derivatives, Prime Brokerage, Futures, Listed Derivs, FXPB) where Citi has a significant growth program to continue to build out its capabilities and services; and Syndicates where we support both FI and EQ new issues and IPOs.

Our Operations groups are core to the success of the Markets business and have significant impact across the lifecycle of a trade. We partner extensively with a range of internal stakeholders including Front Office Sales and Trading Desks, Compliance, Legal, Finance and HR; alongside having significant interaction with our external client base, playing a key role in the overall client experience. We have a Client relationship group, dedicated to overseeing the Organizational service performance and strategic partnership for our top tier client base, where we play a key role in supporting our global clients to ensure they have a first-class experience when doing business with Citi.

Our roles entail ensuring we operate in a robust control environment, whilst in a fast-paced workplace. We comply with global regulations and internal policies and adopt a proactive approach to identifying opportunities to reduce risk through the continuous evaluation of our controls; to protect our clients, the firm, and our reputation.

We work closely with our external global peers, partners, and regulators, and play an integral part in leading an agenda at the forefront to optimize and streamline processes and drive strategy across our industry.

Team Overview:

The Structured Trade Review in Belfast is one element of a wider control framework that ensures the accuracy of trade bookings and the correct representation of trades in the risk booking systems. It validates that, for all in-scope trades, all economic parameters captured in the trade booking are thoroughly reviewed, documented, and recorded. Structured Trade Review(STR) process addresses the risk of booking errors or misrepresentation in books & records for trades where there is no direct link between term sheet and booking defined in the Structure Trade Review Policy.

Job Purpose:

The Derivatives Intermediate Analyst is a brilliant opportunity to join a growing team based in Belfast with opportunities for progression and development. The role will consist of daily interaction with Derivative traders, Structuring, Traders & develop a deep understanding of Financial Derivative products,

Responsibilities:

Structure Trade Review requires an in-depth understanding of the trade structure as well as expected payoffs based on moneyness. You will be responsible to validate booking parameters and payoff. You should be able to understand how an economic parameter of trade impacts P&L and trader`s book.
Ensure the model is approved by the Quantitative Group and is capable of handling all the features of the trade.
Read and understand term sheet and validate booking in risk system.
You should be able to understand pay off language from term sheets for example barrier type, barrier events , coupon contingency etc.
Review and escalated to Trading and Sales if any of the parameters of the trades are incorrectly booked.
Liaising extensively with traders, regional stakeholders, and quants team.
To generate various control reports pertaining to STR.
Continuous review and study of model and pay off manuals.

Qualifications:

Experience in OTC Equity or Structure Derivative preferred
Knowledge of Equity Swap, Barrier Options, Callable Notes, Rainbow Options, Variance swap, Vol target will be required.
Experience with MS Excel Python will be advantage.
Degree of a mathematical nature preferred

Education:

GCSE English & Maths

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

By joining Citi Belfast, 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:

Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
A discretional 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:

Operations - Transaction Services

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Job Family:

Securities and Derivatives Processing

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Time Type:

Full time

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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.

Seniority level

Seniority level
Not Applicable

Employment type

Employment type
Full-time

Job function

Job function
Finance and Sales
Industries
Banking, Financial Services, and Investment Banking

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