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Quantitative Model Developer

Prague, Czechia

Development and Engineering at Barclays

In Barclays Technology, we build solutions that make life simple for our customers. Solutions that are global, agile and smart. As a part of our team, you’ll recode and reimagine, learn and adapt. Rewire what the world needs, and look ahead. This is where you can be at your best. Where you can redefine the future of finance.

Key information

Date live May. 13, 2022

Business Area COO & Functions

Area of Expertise Technology

Contract Permanent

Reference Code 90306525

Job description

Quantitative Model Developer
Prague, Czech Republic


As a Barclays Quantitative Model Developer, you’ll be participating in the development & maintenance of regulatory & internal market risk models including: VaR, IRC and CRM. The area of activities includes: theoretical modelling, empirical-testing, historical back-testing, statistical analysis of relevant market data, numerical implementations of analytical modules, model & methodology documentation, provide support for present risk applications and models, provide analytical support to the Risk Managers.

Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality and innovation behind us. We offer careers that provide endless opportunity – helping millions of individuals and businesses thrive, and creating financial and digital solutions that the world now takes for granted.

This opportunity is open to flexible working arrangements. Such as working from home, flexible or compressed hours, and part-time options. If you have a need for flexibility, please apply and discuss this with us during the hiring process.


What will you be doing?
• You will be maintaining current risk applications and models on a regular bases
• Coming up with clear and solid designs to implement proposed modelling changes, to deliver in dynamic, agile, and often ambiguous contexts
• Delivering prototypes using or extending as appropriate our Python-based modelling platform
• Developing the models in Python and assist IT to integrate them into the production system
• Participating to the design and the development of a robust, scalable, and extendible Market Risk solutions and their integration into the Risk engines framework.
• Supporting Risk, FO and IT users of our analytics as and when required


What we’re looking for:
• Solid years of hands-on Programming skills in Python.
• Nice to have: Experience in implementation of risk models and web development
• Proactive and detail-oriented person, yet adaptable to changing requirements and flexible at the same time.


Skills that will help you in the role:
• Experience in development of market risk, or quantitative pricing models, flowing SR11-7 standard 
• Some experience in development of market risk, or quantitative pricing models, following SR11-7 standard 
• A plus is knowledge of financial (e.g., Interest rate products including exotics, Corporate Bonds and Credit Derivatives, Equities, FX, Commodities)
• Analytic skills: financial mathematics, time series, statistical analysis, numerical analysis, etc.


Where will you be working?
Our Prague office is part of the Operations and Technology Division, and as such, we try our best to stay at the top of our technological game. However, the technology itself is not the most important thing. What matters the most to us is the way our ingenuity can help provide better service to our customers and make life easier for our employees.



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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.

Competitive holiday allowance

Competitive pay

Life assurance

Income protection

Private medical care

Flexible working

Pension contribution

Voluntary benefits

Success profile

To be successful in Barclays Technology, there are a few things we look for. Creativity, curiosity, and an excitement of what we can offer, and what you can do here.

Qualities we look for: innovative, collaborative, customer focused, passionate

Languages and Technologies

We really love to code. And we love to make that code work for our millions of global customers. Built in a way that makes life simpler. For you, that means reinventing what money means to the world. It means going that step further to develop something that can handle millions of trades or millions of transactions a day. It’s a big responsibility. Are you ready to rethink your future?

Where do you want to take your tech career?

Financial services is going through a massive transformation, and here at Barclays we’re leading the way. People are our greatest asset. And that’s why we give our colleagues the opportunity and space to explore their ideas, and innovate on a global scale.

Find out more about what our leaders think the Barclays workforce of the future will look like.

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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

We exist to provide responsible finance to people and business – but also a whole lot more.

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.

Working here makes me feel supported, valued, recognised, appreciated and has given me plenty of opportunities to grow.

Minal

ETL Developer in Market Risk, Glasgow

Barclays is a great place to work because the teams here have a very positive energy to them. There is a lot of camaraderie and team spirit here.

Niraj

Engineering Lead, Fraud Detection, Whippany

One of my favourite things about working for Barclays is the freedom to explore different technical solutions to a variety of problems. It's a great way of expanding my knowledge and keeps me on my toes!

Sara

Java Developer, Glasgow

I’m really pleased with the work I’ve done so far. Because Barclays relies on technology to provide services that are so important to millions of people, we value quality over quantity, especially in software design.

Dalibor

Wolf Team, Prague

More about working at Barclays