Product Analyst - AVP - SMBC

eFinancialCareers; Greater London; On-site; GBP 70,000 - 106,000; Full time

Benefits offered by this job

Pension provision

Competitive benefits package

Job summary

SMBC Group is seeking a Product Analyst specialized in Banking and Finance, with a focus on Interest Rate Derivatives, to collaborate with Front Office teams and improve processes and workflows.

The role requires understanding product structures, participant roles, and operational processes; a strategic thinker who can translate business needs into technical solutions and delivery plans.

Qualifications

• Translate complex business requirements into clear, actionable user stories.
• Collaborate with product owners and development teams to plan and deliver incremental value.
• Support testing, UAT, and quality assurance to ensure reliable solutions.

Responsibilities

• Elicit and document functional and non‑functional requirements as user stories.
• Identify unknowns and assimilate relevant business and technical facts.
• Break down complex business requirements into smaller, valuable components with ROI.

Skills

PowerBI

Python

SQL

Job description

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.

Desirable Skills

• 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.

Competencies

• Customer Focus
• Driving Change
• Driving Results
• Embraces Diversity
• Enterprise Leadership
• Judgement and Decision Making
• Risk Management
• 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