Data Scientist

Job description

Barclays moves, lends, invests and protects money for customers and clients worldwide. Please visit our website here for more information.

About Statistical Modelling and Development

The Statistical Modelling and Development team is responsible for algorithms and model based business logic used in electronic trading in Markets. The primary purpose of this trading is to provide liquidity to clients on agency and principal basis, where either the connection to the client is electronic or provision of that liquidity requires electronic trading. The business logic includes analytics such as pre and post trade analysis and optimization.

This requires the analysis research and development of proprietary algorithms and trading business logic using data mining and statistical techniques. A significant part of the production implementation is done by the team itself.

The instruments that we currently cover include Equities, FX Spot, Government Bonds, Corporate Bonds, Rates Futures, Rates Swaps, NDFs and CDS indices.

About Data Science & Machine Learning Team

The Data Science and Machine Learning Team works on business driven projects and provides the expertise of sound and latest machine learning techniques to solve some of the most challenging data problems that they face today. This is done by following a robust data driven methodology and by working closely with business leaders who will drive the requirements of the project. In addition to that, the group is responsible for creation of a scalable modelling tool kit that can be shared amongst other data scientists. It also owns and maintains a clean core data store that gives a single point of access for any analysis or project.

Overall purpose of role:

The position will be utilized to create data science capability for AI / Machine Learning / Data Mining projects for the markets business. This will be a highly collaborative and project driven role. The candidate can be expected to work with multiple teams in equities, rates, macro, FX or credit during their tenure at Barclays.

Key Accountabilities:

Successful candidate will be involved with creation of:

· Market Making Activity: Assist in creation of pricing and hedging algorithms as part of Barclays market making activity.
· Market intelligence: Researching micro and macro trends, outliers, event detection and creation of quant colour.
· Sophisticated client analysis: researching for alpha, interest and information in client flows
· Product Analysis: researching pattern in trading activities under different market and product settings to improve client experience
· Centralized modelling library for other groups and data scientists

Additionally, the candidate will be required to:

· Hold regular training sessions for the models created and released
· Stay in front of current research in machine learning
· Create white papers and content that are relevant for the firm's clients

Person Specification:

· PhD, Master's or Bachelors degree in quantitative disciplines such as Mathematics, applied statistics, machine learning, data mining, econometrics or operations research
· Relevant work experience in implementing machine learning models in real life situations
· Experience in analyzing large data sets available in systems such as Hadoop or KDB
· Experience in working with statistical softwares such as R & MATLAB • Experience in working with SQL, Python, Scala and JAVA
· Superior verbal and written communication skills

Risk and Control:

All Barclays colleagues have to ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards

The Benefits: Our customers deserve the best. The same goes for our employees. That's why at Barclays you'll receive a range of benefits that include a competitive salary and all the tools, technology and support you need to succeed.

Our Culture: Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. The values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our employees. Simply put, success is not just about what you achieve, but about how you achieve it.

Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.

Barclays is an equal opportunity employer and are opposed to discrimination on any grounds. For more detailed information, please visit our dedicated Diversity and Inclusion site here.