Markets Strats – VP

Barclays•New York, NY

3d•$157,581 - $225,000•Onsite

About The Position

The purpose of the role is to provide quantitative and analytical expertise to support trading strategies, risk management, and decision-making within the investment banking domain. This involves applying quantitative analysis, mathematical modelling, and technology to optimize trading and investment opportunities. The role requires developing and implementing quantitative models and strategies to derive insights into market trends, optimize trading decisions, pricing, and risk management across various financial products and markets. It also involves working closely with sales teams to identify client needs and develop customized solutions, conducting in-depth research, data analysis, and statistical modelling, and providing front office infrastructure support through ownership and maintenance of analytical libraries. Additionally, the role requires providing expertise on quantitative methodologies, technological advancements, and industry best practices to drive innovation within the trading environment.

Requirements

Quantitative and analytical expertise
Quantitative analysis, mathematical modelling, and technology application
Experience with quantitative methodologies, technological advancements, and industry best practices
Subject matter expert within own discipline and guide technical direction (for individual contributor)
Lead collaborative, multi-year assignments and guide team members through structured assignments (for individual contributor)
Identify the need for the inclusion of other areas of specialisation to complete assignments (for individual contributor)
Train, guide and coach less experienced specialists (for individual contributor)
Provide information affecting long term profits, organisational risks and strategic decisions (for individual contributor)
Liaise with U.S. rates trading desks (cash, flow derivatives, option & exotics) on issues ranging from risk management, ad-hoc product analysis, production rollout, desk support and analytics library release.
Contribute and enhance interest rate term structure models, such as Cheyette Short Rate Model or Libor Market Model (LMM), within C++ analytics library.
Develop GUI solutions for real-time visualization of outright and basis risk, such as ASW spread risk, on-off-basis, fut-cash-basis, as well as PnL, and PCA analysis for the USD government bond trading desk.
Collaborate with Strats and Quant Infrastructure teams to develop fast ticking U.S. Treasury bonds and bond futures pricing risk and PL engine.
Drive innovation through research and prototyping to enhance bond curve construction and modelling, with emphasis on relative value.
Support and maintain analytics for the Libor fallback of the USD option and exotics interest rates derivative book.
Leverage statistical methods, including linear algebra techniques and principal component analysis (PCA), to identify key risk drivers and latent factors influencing interest rate products and portfolio exposures.
Build and maintain Python-based automation pipelines to generate trading desk reports, such as option exercise impact, schedule change impact, or end-of-day risk.
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.
Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.

Nice To Haves

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.

Responsibilities

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.
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.
Liaise with U.S. rates trading desks (cash, flow derivatives, option & exotics) on issues ranging from risk management, ad-hoc product analysis, production rollout, desk support and analytics library release.
Contribute and enhance interest rate term structure models, such as Cheyette Short Rate Model or Libor Market Model (LMM), within C++ analytics library.
Develop GUI solutions for real-time visualization of outright and basis risk, such as ASW spread risk, on-off-basis, fut-cash-basis, as well as PnL, and PCA analysis for the USD government bond trading desk.
Collaborate with Strats and Quant Infrastructure teams to develop fast ticking U.S. Treasury bonds and bond futures pricing risk and PL engine.
Drive innovation through research and prototyping to enhance bond curve construction and modelling, with emphasis on relative value.
Support and maintain analytics for the Libor fallback of the USD option and exotics interest rates derivative book.
Leverage statistical methods, including linear algebra techniques and principal component analysis (PCA), to identify key risk drivers and latent factors influencing interest rate products and portfolio exposures.
Build and maintain Python-based automation pipelines to generate trading desk reports, such as option exercise impact, schedule change impact, or end-of-day risk.
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.