Quant Analyst AVP

Barclays UK; Glasgow; On-site; GBP 40,000 - 70,000; Full time

Job summary

A global banking institution based in Glasgow is seeking a Quant Analyst to design and develop credit risk models in line with regulatory standards. This role involves validating model performance, contributing to complex projects, and requires a post-graduate degree in a quantitative discipline. Candidates should have strong skills in statistical methods, programming with R or Python, and the ability to communicate complex information effectively. The position offers opportunities for significant impact in decision-making processes.

Qualifications

• Experience with developing and validating PD, LGD, and/or EAD models.
• Demonstrated ability to communicate complex information.
• Experience with risk metrics and regulatory requirements such as Basel and IFRS9.

Responsibilities

• Develop new credit risk models aligned with regulatory requirements.
• Validate performance of models and document them to required standards.
• Manage complex projects, liaising with stakeholders.

Skills

Understanding quantitative techniques

Ability to work in a challenging environment

Statistical knowledge

Numerical programming ability using R and/or Python

Working experience with SQL

Data visualization skills

Education

Post-graduate degree in a quantitative discipline

Tools

SQL

R

Python

LaTeX

Job description

Join us as a Quant Analyst!

QA Wholesale Credit Risk (WCR) develop models for capital (Basel), impairment (IFRS9), and stress testing (CCAR, PRA, EBA). Model outputs are utilised across a range of risk metrics, including RWA, pricing, Economic Capital, and for credit sanctioning. The model scope covers the Corporate and Investment Bank (CIB) within Barclays International (BI).

You will support the development, calibration, monitoring and documentation of credit risk models in line with regulatory requirements, e.g. Basel, CRR, CCAR, IFRS9. You will enhance model management through automation and development of new approaches.

Some key responsibilities you will have as a Quant Analyst are:

• Develop new credit risk models, contributing to the development through approval.
• Validate performance of new models.
• Document new models to required standards.
• Manage parts of complex projects, liaising with stakeholders to ensure project progress.

In order to be successful as a Quant Analyst you should have experience with:

• Understanding the quantitative techniques used in developing and validating PD, LGD, and/or EAD models.
• Demonstrate ability to work in an environment where modelling decisions are regularly challenged.
• Post-graduate degree in a quantitative discipline, such as Statistics, Mathematics, Econometrics, Physics, Engineering, with experience of developing and applying statistical models within credit risk domain.
• Excellent knowledge of statistics, e.g. regression analysis, reject inference, decision trees, confusion matrix, cross-validation.
• Track record of producing high quality written communication including results of research and presentations for technical and non-technical audiences.
• Numerical programming ability using R and/or Python.
• Working experience with SQL.
• Experience in data visualization, cleaning, and feature extraction.

Some other highly valuable skills include:

• Experience with the Latex document preparation system.
• Familiar with continuous integration development framework (e.g. Teamcity), and source control (P4, Git, SVN).

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

Location: Glasgow

Purpose of the role

To design, develop, implement, and support mathematical, statistical, and machine learning models and analytics used in business decision-making

Accountabilities

• Design analytics and modelling solutions to complex business problems using domain expertise.
• Collaboration with technology to specify any dependencies required for analytical solutions, such as data, development environments and tools.
• Development of high performing, comprehensively documented analytics and modelling solutions, demonstrating their efficacy to business users and independent validation teams.
• Implementation of analytics and models in accurate, stable, well-tested software and work with technology to operationalise them.
• Provision of ongoing support for the continued effectiveness of analytics and modelling solutions to users.
• Demonstrate conformance to all Barclays Enterprise Risk Management Policies, particularly Model Risk Policy.
• Ensure all development activities are undertaken within the defined control environment.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• 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 lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders to achieve outcomes.

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.