Job Description

• Requirements & Discovery

  • Partner with broking desks and business stakeholders to document needs, pain points, and enhancement ideas across rates and credit products.

  • Convert business needs into clear user stories, acceptance criteria, and functional requirements.

  • Assist in maintaining the product backlog and supporting prioritization discussions with senior PMs.

• Delivery & Execution Support

  • Act as day-to-day liaison between broking desks, developers, and QA to ensure smooth delivery.

  • Track deliverables, dependencies, and risks; escalate blockers to senior PMs as needed.

  • Support release readiness activities including documentation, training notes, and rollout communications.

• Testing & UAT

  • Support QA by reviewing test scenarios and validating business logic for credit and rates workflows.

  • Coordinate User Acceptance Testing (UAT) with end users and ensure sign-offs are completed on time.

• Data & Product Insights

  • Help analyze usage and workflow data to identify improvement opportunities (e.g., liquidity, pricing, trade capture quality, exception rates).

  • Assist with metrics reporting (feature adoption, workflow performance, issue trends).

Domain Knowledge (Required)

Fixed Income (Rates & Credit)

• Solid understanding of government bonds (e.g., Treasuries, Gilts, EGBs) and inflation-linked bonds (e.g., TIPS/Linkers).

• Credit market experience in at least one of:

  • Corporate Bonds (IG/HY)

  • Emerging Markets (EM) Bonds (sovereign and/or corporate)

Derivatives (Required)

• Working knowledge of

  • Interest Rate Derivatives (IRS, OIS, FRA, Basis Swaps, Swaption and Cap/Floors

  • Credit Derivatives (Single-name CDSand CDS indices)

  • Understanding of key lifecycle events (e.g., coupons, rolls, credit events) at a workflow level

Core Concepts

• Understanding of key concepts and calculations:

  • Price vs yield, yield-to-maturity, DV01, and how these are used in trading workflows

  • Credit-specific basics such as spread, clean/dirty price awareness, and settlement conventions (workflow-level)

Structures & Protocols

• Familiarity with packages/structures:

  • Switches, flies, basis, spread switches (or equivalent packaged trading concepts)

• Knowledge of trading protocols:

  • CLOB, auction mechanisms (basic understanding)

(Optional) Exposure to implied trading and legging strategies.

Technical Skills

• Strong Excel skills (advanced formulas; comfort working with large datasets).

• Working knowledge of SQL for querying data (Oracle, Sybase, or NoSQL exposure helpful).

• Basic-to-intermediate Python for analysis (Pandas/Matplotlib) in Jupyter/Colab preferred.

• Comfortable capturing requirements and delivery tracking in Confluence and Jira

Familiarity with QA practices; ability to help define test scenarios and validate outcomes

• Minimum 5 years of experience in a product, business analyst, or delivery role within:

  • Fixed income and/or credit trading platforms, e-trading venues, interdealer brokerage, market infrastructure, or adjacent capital markets technology.

• Demonstrated experience working with:

  • Front-office users (traders/brokers/sales), technology teams, and QA.

Personal Attributes

• Clear communicator with strong stakeholder management skills.

• Analytical, detail-oriented, and comfortable working with numbers and trading concepts.

• Proactive, takes initiative, and thrives in fast-paced environments.

• Collaborative mindset with a bias toward execution and problem-solving.