Quantitative Analyst - Structured Products and Strategies

Job description

About Quantitative Analytics

The Global Quantitative Analytics group (QA) is responsible for the research, development and implementation of quantitative models across all asset classes (Interest Rates, Credit, Equity, Foreign Exchange, Commodities, Emerging Markets and Counterparty Risk).

QA's mission is to generate revenue for Barclays Capital by providing the pricing and risk management solutions and advice needed for trading, structuring and sales to close derivative trades, risk manage them on a sustainable basis, and take strategic positions on derivatives.

About QA Structured Products and Strategies


The QA-SPS team is part of the Global Quantitative Analytics group (QA) and is responsible for research, development and implementation of quantitative models for the EFS business. The team works closely with the trading desk to provide cutting-edge valuation and risk management solutions, and with IT to build strategic technology platforms for the bank. The QA-SPS team has members in London, Hong Kong and New York and works as a closely integrated team, sharing expertise and responsibility for key deliverables.

Overall purpose of role


Develop new, and support existing, Equity Exotics pricing models in the QA library and Aleph library. Provide model and product support and expertise for the trading desks and the functions in APAC.

Key Accountabilities

· Analysis, design and development of new models and infrastructure components.
Drive productionisation of new models, developed locally and globally, including IT integration, Market Risk/Model val review, booking/ lifecycling testing, performance testing.
· Provide ad hoc quantitative expertise and analysis to trading, including the development of tactical tools, and empirical analysis.
· Produce adequate documentation/written reports.

Stakeholder Management and Leadership

The role requires ongoing and daily interaction with Front Office users, IT stakeholders as well as Risk and Control functions. The successful candidate should be able to effectively communicate and be able to explain the details of the pricing/risking models developed and assist the IT function in the integration and deployment process.

Decision-making and Problem Solving

· The successful candidate should be able to balance tactical and strategic solutions in line with the overall needs of the bank and have a methodical aptitude for problem solving.
· S/he should be keen and able to learn quickly, be able to adapt to change and work in a fast changing environment and be able to work independently and collaboratively within a team.
· Uses initiative to spot potential problems and finds innovative ways to solve them.

Risk and Control Objective
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.

Person Specification

· Qualifications /education: Post graduate degree in a technical discipline (STEM) from a top-rated university. PhD in Mathematics or Physics, or Masters in Financial Mathematics from a top-rated school highly preferred.
· Experience working on option business modelling, preferably within Equities, Fixed Income or Credit derivatives.
· C/C++ knowledge. Knowledge of additional languages such as Python, VBA, C# and XSLT is a plus point.
· Tools and techniques for working within a large C++ library of quantitative pricing and risk models.
· Good written and verbal communication in English

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.