Global Markets Liquid Financing Quantitative Analyst

Barclays Bank Plc; City of Westminster; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading financial institution based in the City of Westminster seeks a Quantitative Analyst to join the QA Prime team. In this role, you will develop and implement quantitative models to support trading decisions and risk management. The ideal candidate will have a Master's or Ph.D. in a quantitative field, extensive knowledge of Python, and strong analytical skills. This position offers an opportunity to work closely with trading desks and contribute to innovative solutions in a dynamic environment.

Qualifications

• MSc or PhD in in financial mathematics or a quantitative field.
• Strong analytical and numerical skills, familiar with statistics and data analysis.
• Excellent communication skills to explain complex concepts simply.

Responsibilities

• Develop quantitative models to optimize trading decisions.
• Work closely with sales teams to identify client needs.
• Provide front office infrastructure support and maintain analytical libraries.

Skills

Strong analytical and numerical skills

Excellent verbal and written communication

Working knowledge of linear equity derivatives

Extensive working knowledge developing in Python

Experience with data visualization tools

Familiarity with object-oriented programming

Understanding of statistics and data analysis

Education

MSc or PhD in financial mathematics or a quantitative field

Tools

Python

C++

Java

Jupyter

Dash

Job description

Overview

Join us as key member of the Barclays QA Prime team within the QA Desk Strategy group to support the rapidly growing Prime Services business. QA Prime works closely with the business in developing analytics tools and models to help managing market and counterparty risk as well as inventory and financial resources. You will partner with the business to smooth the trading workflow, explore and quantify revenue generation opportunities. As a front office quant, you will focus on supporting the Prime Services desks and be involved with model development, modelling support, market data calibration and desk support. Additionally, you will work closely with traders and help them with their trading decisions and provide them with any tools they may need to run their business and manage their exposures., To provide quantitative and analytical expertise to support trading strategies, risk management, and decision-making within the investment banking domain, applying quantitative analysis, mathematical modelling, and technology to optimise trading and investment opportunities.

Responsibilities

• Development and implementation of quantitative models and strategies to derive insight into market trends and optimize trading decisions, pricing, and risk management across various financial products and markets.
• Working closely with sales teams to identify clients\' needs and develop customised solutions.
• In-depth research, data analysis, and statistical modelling to derive insights into market trends, pricing, and risk dynamics.
• Provide front office infrastructure support though ownership and maintenance of analytical libraries.
• Provision of expertise on quantitative methodologies, technological advancements, and industry best practices to drive innovation within the trading environment.

Leadership and/ or Individual Contributor Expectations

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures.
• If managing a team, they define jobs and responsibilities, planning for the department\'s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements.
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L - Listen and be authentic, E - Energise and inspire, A - Align across the enterprise, D - Develop others.
• OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions.
• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
• Manage and mitigate risks through assessment, in support of the control and governance agenda.
• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
• Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
• Adopt and include the outcomes of extensive research in problem solving processes.
• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.
• MSc or PhD in in financial mathematics or a quantitative field (Mathematics/Physics/Computer Science/Engineering)
• Working knowledge of linear equity derivatives (index futures, total return swaps on indices/custom baskets/single stocks), equity ETFs, as well as FX and IR hedges to support our financing activities, as well option pricing to measure risk in client portfolios
• Extensive working knowledge developing in Python. Familiarity with object-oriented programming in C++ or Java, to enable contribution to our core and/or low latency analytics.
• Strong analytical and numerical skills (probabilities, stochastics, integration theory etc.), and familiarity with statistics and data analysis
• Excellent verbal and written communication skills; ability to explain complicated concepts in a simple, non-technical way
• Working knowledge of equity finance trading desk and/or client analytics is a strong differentiator
• Strong analytical and numerical skills
• Practical experience with statistics and data analysis
• Experience with cross-platform / cross-technology development (Windows/Linux) and workflow automation via CI/CD deployment pipeline
• Experience with data visualization tools and libraries (e.g. Jupyter, Dash)

Values and Qualifications

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship - our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset - to Empower, Challenge and Drive - the operating manual for how we behave.