Interest Rate and Credit Derivatives Business Analyst - VP

  • Citigroup Inc.
  • 18/06/2026
Full time Information Technology Telecommunications Management

Job Description

Engineer the future of global finance. At Citi, our Tech team doesn't just support finance - we are helping to redefine it. Every day, $5 trillion crosses through our network. We do business in 180+ countries operating at a scale few can match. From deploying advanced AI to helping shape global markets, we build systems that matter. Join a team where your work helps influence economies, your ideas can drive innovation and outcomes, and your growth is backed by mentorship, continuous learning and flexibility with potential hybrid work opportunities. Help solve real-world challenges that touch millions and get the opportunity to build the future of finance with Citi Tech.

What We Do / The Team

The Senior Business Analyst position is responsible for understanding business problems, analyzing them thoroughly, finding appropriate solutions and working with a development squad to implement them. This BA position requires good analytical knowledge on Fixed Income and Derivative products from a Front Office perspective.

FiTP is the primary deal capture, trade processing, inline PV & risk, and workflow processing for Vanilla and Exotic IR derivatives, as well as being the strategic capture system for several other asset classes.

The team is responsible for supporting the business in the development of functionalities for derivative products, trade capture and processing. The team actively engages with multiple trading desks, Middle Office and Operations, Financial Control, Market Risk management, Regulatory and Credit teams and works closely with the development and QA testing teams.

This role encompasses the capture of requirements, specification, transition of associated JIRA tickets through build and QA, user acceptance testing and delivery to production.

Role Overview / What will you do
  • Lead the analysis and requirements gathering for fixed income OTC derivatives trade capture and trade processing.
  • Work with traders, sales, business unit managers and heads of businesses to understand business practices and provide solutions that enable business growth and operational efficiencies.
  • Lead end-to-end deliveries from requirements, design, construction, testing and implementation; provide user and operational support to business users.
  • Collaborate with PM to establish and maintain periodic communication to business and technology partners.
  • Lead planning of best practice solutions, execution and overall project management of the rollout of cross asset and multi functional initiatives.
Key Skills and Experience
  • Extensive experience as a Business Analyst or similar role, ideally within Investment Banking.
  • Proven experience driving a project from analysis to successful production and delivering successful outcomes.
  • Strong communication skills with business stakeholders (FO traders, business managers, etc.).
  • Ability to transform business requirements into precise functional and technical specifications.
  • Diplomatic and analytical skills; ability to manage complex issues with substantial impact by weighing various action plans.
  • Strong team orientation and commitment to overall team success, user focus and quality.
  • Effective time management and ability to handle multiple priorities with flexibility across time zones.
  • Experience with XML (XPath, XSD), JSON.
  • SQL knowledge to query and analyze database data; ability to create complex SQL queries.
  • Knowledge of UML/BPMN or other workflow/visualization notations.
  • Experience with Investment Banking OTC derivatives: product knowledge, trade life cycle knowledge, STP and experience with interest rate derivative projects.
Beneficial / Nice to Have Skills
  • Ability to manually calculate P&L, risk concepts and strong analytical aptitude.
  • Knowledge of object oriented programming languages (Java, C#, Delphi, etc.).
  • Experience with FpML for interest rate or commodities or equity derivatives.
  • Knowledge of other financial protocols or formats (SwML, FIX, FIXml, SWIFT, etc.).
  • Understanding of investment bank structure and departmental responsibilities (FO, MO, BO).
  • Experience with Mysis Summit, Murex, MarkitWire, OpenLink, ICELink.

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

What We'll Provide You

Competitive base salary (annually reviewed) and a range of benefits including:

  • 27 days annual leave plus bank holidays.
  • A discretionary annual performance related bonus.
  • Private medical care and life insurance.
  • Employee assistance program.
  • Pension plan.
  • Paid parental leave.
  • Special discounts for employees, family and friends.
  • Access to a variety of learning and development resources.

Citi is an equal opportunity employer and commits to a workplace where everyone feels comfortable and empowered to thrive. If you are a person with a disability and need a reasonable accommodation, please refer to Citi's accessibility information. View Citi's EEO policy statement and Know Your Rights poster.