Job Description

Join us at Barclays as a Front Office XVA Quant. QA Markets is responsible for the research, development and implementation of quantitative models used in running the Global Capital Markets business. QA XVA is the part of Quantitative Analytics (QA) responsible for XVA analytics, for example the Credit Valuation Adjustment (CVA) and Funding Valuation Adjustment (FVA). The team is based in London and Prague, and works closely with the XVA trading desk and other QA teams. XVA computation is particularly interesting since it requires modelling of the whole counterparty portfolio. This cross-asset nature makes for a high-dimensionality problem which is both mathematically and computationally sophisticated.


We have recently upgraded our XVA analytics to a new cutting-edge analytics library and are looking to accelerate delivery of new business functionality and broaden the scope of our calculations. We are looking for a highly capable and motivated person to help in this challenging and exciting project. In your role you will focus on model development, modelling support, and desk support for the Counterparty Risk Trading desk. Some specific accountabilities will include development of XVA Analytics in C++ and Python, contribution to the planning and design of next generation XVA Analytics, Front Office User support and appropriate documentation of models.

To be successful as a XVA Quant, you should have:

Strong analytical and numerical skills Experience in delivering production quality code in C++ or similar language, including use of source control, continuous integration, unit and regression testing Good written and verbal communication Experience of project delivery, encompassing the full project lifecycle of design, implementation, testing and documentation

Other desirable skills include:

XVA modelling experience Modelling/business/IT experience in XVA/CCR/interest rates/FX/inflation/equity Python coding experience

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


You will be based in our Canary Wharf, London Office.

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 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.

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.