Product Analyst - Interest Rate Derivatives

Michael Page (UK); City Of London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A medium-sized international bank in London seeks an experienced Product Analyst specializing in Interest Rate Derivatives. This role involves analyzing and managing derivative products, ensuring compliance, and collaborating with cross-functional teams to optimize processes. The ideal candidate will have a strong background in financial services with excellent analytical skills and agile project delivery experience. Attractive daily rate offered.

Benefits

Competitive daily rate upto £690

Opportunity to work in a key location in London

Exposure to a professional environment

Qualifications

• Strong experience delivering Interest Rate Derivatives as a Product/Business Analyst.
• Experience in the Financial Services industry, particularly within Banking & Financial Services.
• Knowledge of compliance and regulatory requirements in the financial sector.

Responsibilities

• Analyse and manage interest rate derivative products, ensuring compliance.
• Collaborate with teams for lifecycle management of derivative products.
• Prepare reports and documentation for stakeholders.

Skills

Interest Rate Derivative knowledge

Agile project delivery experience

Strong analytical skills

Financial systems proficiency

Detail-oriented approach

Tools

Jira

Job description

Opportunity to deliver Interest Rate Derivatives projects as a Product Analyst

• Must have strong Interest Rate Derivative knowledge.

About Our Client

This opportunity is with a medium-sized international bank. The company specialises in providing comprehensive banking and financial solutions and is well-regarded for its structured work environment and focus on professional excellence.

Job Description

• Analyse and manage interest rate derivative products, ensuring accurate reporting and compliance with regulations.
• Collaborate with internal teams to support the lifecycle management of financial derivative products.
• Prepare detailed reports and documentation for stakeholders, ensuring clarity and precision.
• Work closely with other departments to ensure seamless integration of derivative products.
• Assist in the implementation of new tools and systems to enhance efficiency.

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.

The Successful Applicant

A successful Product Analyst - Interest Rate Derivatives should have:

• Strong experience delivering Interest Rate Derivatives as a Product/Business Analyst.
• Strong agile project delivery experience including documentation, user cases, prioritization and UAT testing.
• Experience in the Financial Services industry, particularly within the Banking & Financial Services sector.
• Strong analytical skills and a solid understanding of interest rate derivative products.
• Proficiency in financial systems and tools used for analysis and reporting.
• A detail-oriented approach with the ability to manage complex data.
• Knowledge of compliance and regulatory requirements in the financial sector.

What's on Offer

• Competitive daily rate upto £690 per day via umbrella.
• Opportunity to work in a key location in London.
• Exposure to a professional environment within the Banking & Financial Services sector.

This is an excellent opportunity for a Product Analyst - Interest Rate Derivatives to advance their career. If you are interested in this role, we encourage you to apply today!