Barclays

Quantitative Model Developer - VP

Barclays  •  Canary Wharf, GB (Onsite)  •  3 hours ago
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Job Description

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.

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.

This role within Barclays will be part of Quantitative Analytics(QA) Treasury team with particular focus on supporting Barclays Treasury business inareas like Asset and LiabilityManagement, Liquidity, Collateral and Hedge AccountingManagementwith the development and delivery of various quantitative models used for internal risk management and regulatory exercises.

The role focuses onPython‑basedquantitative modelsthat project balance sheet cash flows, liquidity risk and hedge accounting metrics under stress andresolution‑typescenariosand requires close collaboration withTreasury Finance, Risk and Technology partnersto deliver robust,well‑controlledmodels in a regulated environment.

Some key responsibilities include:

  • Developandmaintainquantitativeriskmodels tosupportTreasury business with particular focus onliquidity risk, collateralprojectionand hedge accounting metrics.

  • Performdata analysis, validation and reconciliation across complex balance sheet andtransactionleveldatasets

  • Providequantitative andanalytical supportto Finance and Risk stakeholders with regulatory and supervisory exercises.

  • Ensure models are stable, well-tested,delivered in tight timelinesand support their documentation and validation.

  • Provideproduction support for testing and release of model packages incollaboration with Technology partners.

Skills & Experience needed:

  • Strong analytical skills and quantitative background withaMaster’sdegree or higher in a quantitative field.

  • Solid understanding offinancial mathematics , including cashflow modelling,discountingand fixed income instruments.

  • Good experience of mathematical modelling and development experience infinancial industry.

  • Good experience of hands-on programming experience in Python.

  • Experience working withlarge datasets and quantitative analysis.

  • Strong communicationskills, with the ability to explain technical topics tonontechnicalstakeholders.

Some other highly valuable skills and experience include:

  • Experience withasset and liabilitymanagement,liquidity risk, collateral,hedge accounting or regulatory reporting or exposure toIRRBB and ICAAPVaRmodels.

  • Detailed knowledge of financial products, in particular fixed income products as well as retail banking products, and risk methodologies.

  • Strong background in financial mathematics, asset pricing theory, and statistics.

  • Experience supportingproduction models in a controlled or regulated environment.

  • Awareness ofmodel risk,controlsor governance frameworks.

  • Proactive,good communicationskills, team player, creative, result-oriented.

WhatWe’reLooking For:

  • Ahands‑onquantitative analystwith strong attention to detail and controls.

  • Someone comfortable working acrossFinance, Risk and Technology.

  • A candidate motivated to grow withinQA Treasury and Quantitative Analytics.

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:London

Barclays

About Barclays

Barclays is a British universal bank. Our vision is to be the UK-centred leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients and communities.

With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 83,500 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

Barclays is a trading name of Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is registered in England and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England. Registered No. 1026167. Registered office: 1 Churchill Place, London E14 5HP.

Industry
Finance & Insurance
Company Size
10,000+ employees
Headquarters
London, GB
Year Founded
Unknown
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