Product Analyst - AVP

Sumitomo Group; Greater London; Hybrid; GBP 70,000 - 106,000; Full time

Benefits offered by this job

Hybrid and flexible working

Competitive paid leave days

Private medical insurance

Life and invalidity insurance

Mental wellbeing network

Learning and career progression

Job summary

SMBC Group in London seeks a Product Analyst with deep expertise in Banking and Finance, specifically Interest Rate Derivatives. You will collaborate with Front Office (Trading and Trade Execution Support) to improve processes and workflow, bridging business needs and technical delivery.

The role requires a strategic thinker capable of translating complex requirements into clear user stories, maintaining Jira dashboards, and delivering incremental value through agile ceremonies.

Qualifications

• Translate complex business requirements into clear, actionable user stories.
• Maintain up-to-date Jira boards and MI reporting.
• Collaborate with Product Owners to align with business goals.

Responsibilities

• Elicit and document functional and non-functional requirements as user stories.
• Engage with stakeholders across regions to ensure transparent communication.
• Support testing and QA with SME knowledge and coordinate UAT cycles.

Skills

PowerBI

Python/SQL

Large data sets

Job description

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SMBC: A trusted partner for the long term

Here at SMBC Group, we want to help you find the next step in your career so read on to discover if this opportunity is the one for you. We like to recognise potential in our people, so we welcome your application even when your experience doesn’t perfectly align with the job description. Whilst we’ll always strive to be better, we’re proud of our inclusive culture, and encourage our applicants and colleagues to be their authentic, unique selves.

Who we are

United by a sense of purpose towards our customers – to be a trusted partner for the long-term – and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future.

Role Summary

We are seeking a Product Analyst with deep expertise in the Banking and Finance domain, specifically in Interest Rate Derivatives. The candidate will be working with the Front Office (Trading and Trade Execution Support), looking at improving processes and workflow.

The ideal candidate will possess a strong understanding of product structures, participant roles, business functions, and operational processes. This role requires a strategic thinker who can bridge the gap between business needs and technical delivery.

Key Responsibilities

Requirement Gathering & Analysis

• Elicit and document functional and non-functional requirements in the form of user stories.
• Uncover tacit knowledge, identify unknowns, and assimilate relevant business and technical facts.
• Break down complex business requirements into smaller, actionable components with clear value and ROI.

Stakeholder Engagement

• Manage cross-regional stakeholder relationships and ensure transparent communication.
• Collaborate closely with Product Owners to ensure prioritization and alignment with business goals.
• Clearly articulate problem statements and proposed solutions in simple, concise language.

Agile Delivery & Planning

• Participate in all Scrum ceremonies including planning, daily stand-ups, sprint reviews, and retrospectives.
• Refine requirements with developers and agree on incremental, sprint-wise delivery plans.
• Maintain up-to-date Jira boards to enable accurate dashboards and MI reporting.

Testing & Quality Assurance

• Leverage SME knowledge to support unit, system integration, and user acceptance testing (UAT).
• Collaborate with QA and development teams to define test cases and validate outcomes.
• Drive UAT cycles, gather evidence, and coordinate releases within agreed timelines.

Design & Configuration

• Work with development teams and solution design authorities to ensure adherence to sound design principles.
• Understand and support unique business configurations within software applications.

Communication & Reporting

• Ensure timely, accurate, and transparent communication of progress, risks, and issues.
• Provide regular updates to stakeholders and ensure the Product Owner has full visibility into ongoing workstreams.

Governance & Standards

• Uphold quality standards and ensure compliance with established processes and best practices.

Objectives of the Role

• Translate complex business requirements into clear, actionable user stories with measurable outcomes.
• Collaborate with development teams to estimate, plan, and deliver incremental value.
• Ensure continuous alignment with Product Owners and stakeholders through proactive communication and early escalation of impediments.
• Drive delivery through structured planning, rigorous testing, and stakeholder engagement.
• Drive process improvement, control and streamlining of BAU tasks for business users.
• Experience with PowerBI, Python or SQL
• Experience working with large data sets

Compensation

The anticipated salary range for this role is £70,000 - £106,000, with the final offer determined based on the candidate’s skills, experience, role scope, location, and relevant market factors. In addition to base salary, the role may be eligible for a discretionary incentive award and a competitive benefits package, including core benefits such as pension provision.

Customer Focus

Driving Change

Driving Results

Judgement and Decision Making

Strategic and Visionary

Trust and Integrity

What we offer

For all the expertise and experience you bring to help us make a difference, it’s only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-bring and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks.

As an employee of SMBC you have access to a host of both useful and exciting benefit offerings. See below some of the benefits on offer to you:

• Hybrid and flexible working
• Competitive paid leave days
• Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance
• Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services
• Access a wide range of learning and development opportunities and career progression opportunities

We recognise our role as a bank to support social change and welcome all applications, including those from groups often under-represented in financial services. We value the uniqueness of professional and personal, backgrounds and perspectives as they play a vital role in continuing the sustainable growth of our organisation. We’ll ensure reasonable adjustments to our recruitment process are offered due to a disability or long-term condition whenever requested.

We are committed to transparent and equitable pay practices. Compensation is determined using objective criteria, including skills, experience, and role responsibilities, and applied consistently throughout our recruitment processes. We do not request candidates' pay history and are committed to preventing unjustified pay disparities.

About SMBC

A trusted partner for the long term
United by a sense of purpose towards our customers - to be a trusted partner for the long-term - and our universal banking platform in EMEA, we deliver a full suite of corporate finance products and solutions to our customers, including corporate, structured and trade finance, leveraged finance, loan market and treasury products. We can also provide investment banking and advisory services and a range of innovative solutions in global capital markets.
Find out more about what we do and who we are at https://www.smbcgroup.com/emea/careers