Rates Quantitative Analyst -VP

Barclays; New York (NY); On-site; USD 150,000 - 225,000; Full time

Job summary

Barclays is seeking a Rates Quantitative Analyst - VP in New York to design, implement, and support advanced stochastic interest-rate models used for pricing and risk management of vanilla and exotic rate derivatives.

The role partners with trading, structuring and sales to deliver quantitative insights that support revenue generation and trading strategies, contributing to global structured rates capabilities through modeling, analytics and implementation.

Qualifications

• Stochastic rate modeling for options, exotics, and structured rates products.
• Curve construction and volatility surface calibration (SABR/ZABR) for multi-factor models.
• Strong programming in C++ and Python for quantitative finance applications.
• Numerical methods, nonlinear analytics, and production-grade library development.
• Quantitative risk management and pricing within front-office environments.

Responsibilities

• Develop and implement quantitative models and strategies to derive insights into market trends and risk across products.
• Collaborate with sales to identify client needs and deliver customized quantitative solutions.
• Perform data analysis and statistical modeling to support pricing, risk, and strategy.
• Maintain and enhance analytical libraries used by front-office trading teams.
• Provide expert guidance on quantitative methodologies and technology to drive innovation in trading.

Skills

Stochastic modeling

Curve construction

SABR/ZABR

C++

Python

Numerical methods

Risk management

Quantitative methods

Job description

Join Barclays as a Rates Quantitative Analyst - VP. At Barclays, our vision is clear - to redefine the future of banking and help craft innovative solutions. In this role, you will design, implement, and support advanced stochastic interest-rate models used for pricing and risk management of vanilla and exotic rate derivatives. This role partners closely with trading, structuring, and sales teams to deliver quantitative insights that directly support revenue generation and trading strategies. You will contribute to global structured rates capabilities through innovation in modeling, analytics, and implementation.

To be successful as a Rates Quantitative Analyst - VP, you should have:

Required Skills

• Stochastic interest-rate modeling for options, exotics, and structured rates products
• Expertise in curve construction, volatility surface calibration and modeling (e.g., SABR/ZABR), and multi-factor short-rate models for exotic products
• Programming skills in C++ and Python for quantitative finance applications
• Numerical methods, nonlinear analytics, and production-grade library development
• Quantitative risk management and pricing within front‑office environments
• Deep technical expertise in quantitative methods, mathematical modeling, and computational problem-solving

Some Other Highly Valued Skills May Include

• Stakeholder management and collaboration across front‑office functions
• Clear written and verbal communication for technical and non-technical audiences
• Thought leadership, intellectual curiosity, and creative problem-solving
• Ability to translate complex quantitative concepts into business impact
• Exposure to the municipal derivatives market is a plus
• Relevant experience in US rates markets, including swaps, swaptions, caps/floors, and CMS products. Knowledge of BMA/SIFMA indices and Total Return Swaps is an added advantage

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

This role is located in New York, NY.

Minimum Salary: $150,000

Maximum Salary: $225,000

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any other type of compensation or benefits that may be available.

Purpose of the role

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.

Accountabilities

• Development and implementation of quantitative models and strategies to derive insight into market trends and optimise 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 through 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.

Vice President 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 escape 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.

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.