We are seeking a highly skilled Structured Credit Quant to support our Structured Credit Trading team. The role involves developing and enhancing pricing models for structured credit derivatives, including baskets, hybrids, and repacks that incorporate credit, rates, and FX elements. This position offers the opportunity to work in a dynamic front-office environment, collaborating with traders and technology teams.
Key Skills and Accountabilities: Extensive experience in Credit Derivatives or Front office XVA QA.Strong knowledge of derivative pricing methods, including curve stripping, volatility surfaces, and IR/FX derivative pricing.Expertise in credit products, including CDS, CDSI, and credit curve interpolation, with additional experience in bond and funding product pricing (e.g., repos, TRSs) as a plus.Experience in structured credit, including hybrid products, repacks, and credit baskets, with cross-asset knowledge (rates/FX) preferred.Competence with modern C++ (C++11 and beyond); familiarity with Python, Java, or C# is beneficial but secondary to advanced C++ skills.Familiarity with professional software workflows such as agile development, source control, and CI/CD processes.Effective communication and technical writing skills, and a passion for working as a front-office quant in a fast-paced financial environment.Note: This is a pricing quant role, not a trading strategy design role. It does not require and has no exposure to machine learning, GenAI etc., but knowledge of Time Series analysis and dependency modelling using Copulas is a plus, in the context of derivatives pricing.
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 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: 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.
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