We’re currently updating our application system. This means that from 25 June until our new system is live in July you won’t be able to apply for a job on this site. You can still register your interest in our opportunities by submitting your full name and email address via our TalentPool. We'll keep you updated and let you know when applications are open. We’re sorry for any inconvenience this may cause, and we appreciate your understanding.

Quantitative Model Developer

Prague, Czechia

Date live: Jun. 27, 2024

Business Area: COO & Functions

Area of Expertise: Risk and Quantitative Analytics

Reference Code: 90389102

Contract: Permanent

Where will you be located?

Take a look at the map to see what’s nearby. Train stations & bus stops, gyms, restaurants and more.

Explore location

Quantitative Model Developer
Prague

As a Barclays Quantitative Model Developer, you will participate in the development and maintenance of production regulatory market risk models. The area of activities includes: supporting AWS cloud based risk model systems, supporting runtimes using virtual and serveless hardware, deployment quantitative models to production. The systems include market data loading, pricing, sensitivity based risk analytics, historical back-testing, statistical analysis of relevant market data, numerical implementations of analytical modules in Python.

Barclays is one of the world's largest and most respected financial institutions, established in 1690, with a legacy of success, quality, and innovation. 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.

At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home. We have a structured approach where colleagues work at an onsite location on fixed, ‘anchor’, days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.

What will you be doing?
• Applying cutting-edge machine learning and artificial intelligence methodologies to enhance Market and Counterparty credit risk monitoring and management
• Developing computational methods and mathematical and statistical models, including VaR/CVaR, stress-VaR to be used for risk management applications
• Researching, formulating, and implementing quantitative models and solutions to optimize pricing and risk management of financial products
• Performing computations and assess numerical implementations of analytical modules, models, and methodology documentation using mathematical theories
• Being responsible for validating, formulating, and testing quantitative pricing models to ensure adequacy
• Implementing and maintaining analytics models and applications within Python library to generate analytical insight used to facilitate the development of market risk
• Building optimization tools using Python to facilitate counterparty risk management, including cash usage, balance sheet, liquidity, and regulatory capital

What we’re looking for:
• Natural language processing and sentiment analysis
• Attention based transformer architectures, e.g. Google’s open-source BERT
• Experience in supporting machine learning models in production
• Hands-on programming skills in Python or C++

Skills that will help you in the role:
• Experience with Large Language Models in a production setting
• Experience supporting AWS cloud based risk model systems, supporting runtimes using virtual and serveless hardware, deployment quantitative models to production
• Experience in development and support of quantitative development process, including statistical and machine learning models
• Analytic skills: financial mathematics, time series, statistical analysis, numerical analysis, etc

Where will you be working?
Our Prague office is based in the financial centre of Prague. We are 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.

#LI-Hybrid #software

More about working at Barclays

Barclays welcomes applications from all candidates and is committed to ensuring reasonable adjustments (accommodations) are put in place to allow for a fair and inclusive recruitment process. For more information and how to request one, please review Adjustments to the recruitment process.

We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business.

Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a Carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility then please discuss this with the hiring manager.

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 click here to learn more.

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.

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