Front Office Quant Developer-XVA

Barclays; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading financial institution in London seeks a skilled quant developer to enhance its XVA analytics using C++ and Python. This role involves supporting Counterparty Risk Trading, collaborating with various risk teams, and ensuring compliance with regulatory standards. Candidates should have a strong background in programming and project delivery.

Qualifications

• Proficiency in C++ and Python programming required.
• Experience in delivering production-quality software is essential.
• Strong analytical and numerical skills needed.

Responsibilities

• Develop scalable and robust analytics in C++ and Python.
• Collaborate with traders and risk teams for model development.
• Document models to required standards.

Skills

C++

Python

Analytical skills

Communication skills

Job description

The Barclays XVA quant team has been at the forefront of XVA modelling for many years. We recently upgraded our XVA analytics to a new cutting-edge C++ library and have ambitious plans to accelerate the delivery of new business functionality and broaden the scope of our calculations. We are seeking a highly capable and motivated quant developer to contribute to this challenging and exciting project. The role involves model development and support for the Counterparty Risk Trading desk and Cross Markets teams.

Key accountabilities:

• Develop performant, scalable, robust, and extendible analytics in C++ and Python.
• Contribute to the planning and design of new analytics, and liaise with the IT risk platform and end-users.
• Support analytics users across Front Office, IT, Market Risk, and Finance.
• Document models to required standards.

Stakeholder Management and Leadership:

• Work closely with traders to provide tools for trading decisions and exposure management.
• Collaborate with market risk and credit risk teams to ensure risks are properly captured and modeled.
• Partner with other quant teams to leverage asset class functionality and provide high-quality analytics.
• Maintain a close partnership with Technology to support business needs and deliver new models efficiently.
• Coordinate with model validation teams to produce high-quality documentation.

Decision-making and Problem solving:

• Operate with a degree of autonomy, seeking help when necessary to ensure timely project delivery.

Risk and Control:

• Ensure compliance with regulatory requirements, risk management frameworks, and internal policies.

Essential Skills/Qualifications:

• Proficiency in C++ and Python programming.
• Experience in delivering production-quality software, including source control, CI, unit, and regression testing.
• Track record of project delivery across the full lifecycle.
• Strong analytical and numerical skills.
• Effective written and verbal communication skills.

Desirable Skills/Qualifications:

• Experience in XVA, CCR, interest rates, FX, inflation, or equity modeling/business/IT roles.

This position is based in London.