Rates & xVA Analyst

Join us as a Rates & xVA Analyst

• This role sits within the Rates & xVA team in Treasury Markets and focuses on building practical skills in derivative pricing, valuation and risk analysis
• It is suited to someone who enjoys quantitative problem-solving and is interested in building expertise in pricing, valuation and trade economics
• You'll gain exposure to how derivative pricing decisions are formed, challenged and explained in a front-office environment
• If you have direct experience in derivatives or have developed strong analytical skills in a related area, this role offers the opportunity to build technical capability in a practical setting
• This is an office first job, so you'll spend at least four days a week onsite at our Bishopsgate office

As a Rates & xVA Analyst, you’ll work closely with Quants, Risk and Finance to support robust, data-driven decision-making, while developing your understanding of rates, valuation and risk over time.

You’ll also:

• Support the pricing and analysis of interest rate and structured derivative transactions, with a focus on accuracy and consistency
• Develop understanding of how market movements, economic data and macro factors influence pricing and hedging decisions
• Support xVA-related analysis such as credit, funding, capital and collateral considerations, and assess the impact on trade economics
• Build and enhance analytics, models and tools to support pricing, valuation and risk management decisions
• Analyse transaction economics, sensitivities and key valuation drivers to support informed decision-making
• Take ownership of trade lifecycle events including booking, maintenance, amendments, unwinds and restructures, ensuring strong control and attention to detail
• Work with Risk and Finance to ensure pricing and valuation approaches are well understood and clearly communicated
• Identify opportunities to improve analytical frameworks, simplify processes and automate workflows

To take on this role, you’ll have strong numeracy and analytical problem-solving skills, with an interest in financial markets, pricing, valuation or risk management. Experience of Python or similar tools would be beneficial but can be developed in the role. A background in a quantitative or analytical discipline would also be helpful, but we also welcome candidates who can demonstrate strong transferable analytical skills and learning ability.

You’ll also need:

• To be comfortable working with data, assumptions and structured analysis
• Experience of Excel
• The ability to communicate technical concepts clearly and logically

Hours

Job Posting Closing Date: