Front Office Quant Developer-XVA

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

Key accountabilities:

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

Stakeholder Management and Leadership:

• FO/trading desks: we work closely with our traders to help them with their trading decisions, providing them with any tools they may need to run their business and manage their exposures.
• Risk function: we frequently interact with the market risk and counterparty credit risk teams in making sure that all risks are captured and properly incorporated into our models and processes with the appropriate level of control required by the firm and our regulators.
• Other Quant teams: we work closely with quants from across QA Markets to leverage asset class functionality, providing high quality and cost effective analytics.
• Technology: a close partnership with Technology is vital in order to support the business and to delivery new models with agility and efficiency.
• Model validation teams: we work with our model validation teams in order to produce high quality documentation up to the standard set within the firm and required by our regulators.

Decision-making and Problem solving:

• The candidates are expected to have a certain degree of autonomy in their work, whilst being willing to ask for help when required, in order to make sure that projects are delivered in a timely fashion and avoid missing the task objectives.

Risk and Control objective:

• 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.

Essential Skills/Basic Qualifications:

• C++ and Python programming experience.
• Strong experience in delivering production quality software, including use of source control, continuous integration, unit and regression testing.
• Track record of project delivery, ideally with exposure to the overall project lifecycle of design, implementation, testing and documentation.
• Strong analytical and numerical skills.
• Good written and verbal communication.

Desirable skills/Preferred Qualifications:

• Modelling/business/IT experience in XVA/CCR/interest rates/FX/inflation/equity.

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.

This role is based in London.

Purpose of the role

To design, develop, and evolve trading, risk management and other platforms that facilitate trading and regulatory objectives within the investment banking domain. 

Accountabilities

• Design, development, and maintenance of high-performance trading platforms, risk systems, and applications catering to the needs of traders and market participants.
• Collaboration with traders, strategists, and stakeholders to gather requirements and translate them into scalable and efficient technological solutions.
• Implementation of new features, enhancements, and functionalities on trading platforms to improve performance, reliability, and user experience.
• Stay updated on technological advancements, industry trends, and best practices to drive innovation and continuous improvement in trading platforms.
• Collaboration with cross-functional teams including business aligned SM&D teams, strats, compliance, and IT to address system issues and implement solutions.

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 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.

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.