Responsibilities- 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 CDSandCDS 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
Qualifications- 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.
