Intermediate Derivative Analyst

Job Purpose

The Derivatives Intermediate Analyst is an exciting opportunity to join a growing team based in Belfast. The role involves daily interaction with Derivative traders, structuring and trading teams, and developing a deep understanding of financial derivative products.

• Validate booking parameters and payoff, understanding how economic parameters impact P&L and trader’s book.
• Ensure the model is approved by the Quantitative Group and capable of handling all trade features.
• Read and understand term sheets, validate booking in the risk system.
• Interpret payoff language from term sheets including barrier type, barrier events, coupon contingency, etc.
• Review and, if necessary, elevate incorrectly booked parameters to Trading and Sales.
• Liaise extensively with traders, regional stakeholders, and quants team.
• Generate control reports related to Structured Trade Review.
• Continuously review and study model and payoff manuals.

• Experience in OTC Equity or Structured Derivatives preferred.
• Knowledge of Equity Swap, Barrier Options, Callable Notes, Rainbow Options, Variance Swap, and volatility target.
• Experience with MS Excel and Python is an advantage.
• Degree in a mathematical discipline preferred.

• GCSE English & Media or equivalent experience.

We provide the resources and benefits that enable employees to thrive and balance work with personal life.

• Award-winning pension
• On-site health services
• Private medical insurance packages tailored to individual circumstances
• Paid parental leave
• Generous holiday allowance starting at 27 days plus bank holidays, increasing with tenure

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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