Barclays Connecting Quants Program

New York, NY

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Internships at Barclays

Our internships are the perfect introduction to the world of financial services. You’ll be immersed in your chosen business area, learning from our people and taking on real business challenges.

Wherever you join us, you’ll discover a platform to help you absorb the essential skills and knowledge you’ll need to progress on your journey at Barclays. You’ll receive genuine support and encouragement, with both senior and junior mentors to guide you; and you’ll have the opportunity to take part in networking and social events. We want you to feel part of our community from the very start.

Key information

Date live: 08/27/2024

Business Area: See job description

Area of Expertise: Early Careers

Contract: Intern

Reference Code: JR-0000011712

Job description

Connecting Quants Program

Job Description

At Barclays, we’re committed to continuing to build a diverse, equitable, and inclusive workplace. We believe that when we make our organization inclusive and equitable, we can make the most of the different backgrounds, perspectives, and experiences of our colleagues and better serve our customers and clients.

One way we demonstrate this commitment is through our two day immersive Connecting Quants event. This program seeks to attract individuals from all background included, but not limited to those who self-identify as: female, LGBTQ+, military veteran, disabled, Black, Hispanic/Latinx, and/or Native American students. However, all postgraduates, regardless of background, who are interested in exploring opportunities at Barclays are encouraged to apply.

Hosted at our New York City corporate headquarters, the program will provide high-performing students who are pursuing a postgraduate degree in a in a technical discipline such as Physics, Mathematics, Operations Research, Financial Mathematics, Financial Engineering, Quantitative Finance, Economics, Statistics, Calculus, Computer Science, or other STEM subjects, the opportunity to connect with Barclays quants, recent graduates, and leadership across our technical disciplines at the firm, including other women in quants.

What to Expect

Program Dates: October 28th & 29th

Day one of the program is aimed at providing attendees with an insight into the various quantitative career paths at Barclays. The Electronic Trading and Quantitative Analytics teams will present on what their groups do and how interns can contribute, learn and progress in career as a quant at Barclays. Following this portion of the program there will be an opportunity to network with the teams and fellow program participants.

On day two of the program, participants will be assessed by our quant teams for the 2025 summer internship opportunities by taking part in three interviews to assess behavioral and technical acumen.

Our Teams

Electronic Trading

Barclays has a top tier Electronic Trading franchise, with a high caliber team of Quants and Quant Developers supporting the business. The Electronic Markets team is responsible for:

Algorithms and model based business logic used in electronic trading in Markets
Data Science applied to trading and sales activities
Underlying technology used in electronic trading and Data Science
Risk management of eTrading books

The team has a wide remit, working across the major asset classes and is a significant growth area of the Markets division. You’ll need strong programming skills, in Java, C++ or Python. Part of the Electronic Trading program it will run in two streams – Research and Engineering. This allows us to align you with problems tailored to your skill sets and interests. In the Research stream, you will spend time modeling research, prototyping your theory and testing how it can function in various scenarios. The Engineering stream will allow you to code and learn how theory is converted into practice. Your pieces of code could even be delivered into a production style environment.

Quantitative Analytics

Our industry-leading group provides model development, analytics and valuable quantitative advice to businesses across the bank. Interviewing with QA, means the opportunity to join one of our specialist teams, including:

Derivatives and Securities Modelling Quants

Are specialized modelers and developers responsible for researching, innovating, developing, testing, implementing, and supporting all quantitative models used for valuation and risk management across all asset classes. Joining a group that partners with traders and risk managers across the bank, you’ll gain the widest exposure to a variety of modelling techniques and instruments to help drive business strategy.

Purpose of the role

To participate in the day-to-day activities of the markets division providing insights and expertise that help senior colleagues make informed decisions, develop new products and services, and identify new market opportunities.

Accountabilities

Execution of small research projects, research to support strategic decision making, preparation of presentations and reports to communicate research findings, collaboration with senior management to implement research findings for the global markets division.
Collaboration with cross-functional teams to support business initiatives.
Participation in training and development programs to enhance skills and knowledge.
Identification of opportunities, development of business cases, management of the deployment and launch of new products and services for the global markets division.
Management of client relationships and provision of customer service support to clients and customers, under steadily decreasing supervision, responding to questions about products and services, processing of transactions.
Management of the development and implementation of financial models and strategies that support in decision making in the global markets division.
Training and mentoring of junior colleagues.

Assistant Vice President Expectations

Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
Take ownership for managing risk and strengthening controls in relation to the work done.
Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
Influence or convince stakeholders 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.

What you get in return

However high you rise at Barclays, we believe all our employees should receive a competitive package of core benefits flexible to you and your family’s needs. At Barclays, you’ll support our customers and clients, and we’ll support you with rewards that will genuinely make a difference. See some of the benefits* you could receive when joining us full-time.

Paid holiday and vacation

Competitive pay

Private medical care

Disability assurance

Flexible working

Life assurance

Voluntary benefits

Retirement planning

*This is an example of benefits offered to full-time employees. Specific benefits may vary based on the type of role, programme and location.

Where will you be located?

Explore location

Why Barclays?

There’s no other business quite like Barclays. There are no other careers quite like ours. We’re here to champion your development, and we truly want you to enjoy your career journey. We’ll give you all the support and encouragement you need to make the most of this experience. And you’ll have the chance to make a genuine contribution to our inclusive culture and support our purpose as we serve our customers, clients, communities and colleagues.

The Barclays Way

This is the spirit of Barclays. It’s why we exist, what we believe and how we behave. But most importantly, it’s how we make decisions, take action and get things done.

Learn more

Purpose

Working together for a better financial future.

Values

We believe great talent RISES. It acts with Respect, Integrity, Service, Excellence and Stewardship.

Mindset

We discover our full potential through our desire to Empower, Challenge and Drive each other.

You get exposed to really supportive and intelligent people that push you to be your best self.

- Alexi

It's great to be surrounded by so much technical talent, but also people through a variety of functions. And I feel like I thrive because there's so much opportunity to network.

- Imogen

There's really a lot of impactful work you can do day to day. You get to work with really senior engineers on a daily basis and you learn a lot from working with them.

– Yuming

I can reach out to anybody and know that I will be able to find mentorship, support and just a community at Barclays as well.

- Becky

More about working at Barclays

We're committed to providing a supportive and simplified experience for our candidates throughout the application and assessment process. Here, you will find information about what to expect and some guidance around your assessment and interview.

While the application process depends on the role, there are some constant steps, which are;

Step 1 - Your application
Step 2 - Your assessment
Step 3 - Your interview
Step 4 - Next steps

We aim to create an inclusive work environment where everyone can reach their full potential. If you require any adjustments to our recruitment process, please let us know as part of your application.

Find out more information here.

Barclays offers a diverse, inclusive and engaged culture. A place where people can bring their whole selves to work and be respected for who they are, valued for what they do and celebrated for their contribution to our business and our community.

We are an equal opportunity employer and opposed to discrimination on any grounds. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.

Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific and any changes must be reviewed. It is important that you ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.