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Quantitative Developer

Job Description

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 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.

Assistant Vice President Expectations

  • To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
  • Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
  • 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.
  • OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
  • 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.

Join us as a Quantitative Developer. At Barclays, our vision is clear –to redefine the future of banking and help craft innovative solutions. The Statistical Modelling and Development team in the Markets division focuses on electronic trading, creating algorithms and trading logic using data science. As a Quantitative Developer, you will design and implement equities trading models, build reusable frameworks, and ensure top-notch business logic. Your work will include gathering requirements, coding, testing, and providing support. You’ll collaborate with quantitative analysts, product teams, and traders, review code, document logic, and help improve model performance.

To be successful as a Quantitative Developer, you should have:

  • Bachelor’s or Master’s degree in computer science or financial engineering disciplines
  • Experience in developing efficient, multithreaded Java/C++ applications
  • Experience in software development life cycle

Some other highly valued skills may include:

  • Experience in developing low latency, enterprise level Java/C++ applications with performance tuning knowledge
  • Experience in electronic trading in financial markets, especially equities
  • Data analysis, machine learning, Q/KDB

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

This role is located in our New York, New York office.

Minimum Salary: $150,000

Maximum Salary: $175,000

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any another type of compensation or benefits that may be available.

Average salary estimate

$162500 / YEARLY (est.)
min
max
$150000K
$175000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Quantitative Developer, Barclays

Join Barclays as a Quantitative Developer in our bustling New York office at 745 7th Avenue! This role is an amazing opportunity for someone passionate about leveraging quantitative and analytical expertise to support trading strategies and risk management within the investment banking sector. Your key responsibilities will include developing and implementing innovative quantitative models that provide deep insights into market trends while optimizing trading decisions. You'll collaborate closely with sales teams to tailor solutions that meet client needs, while also engaging in high-level research and data analysis. In this dynamic environment, your role won't just stop at model development; you'll also offer front office infrastructure support, ensuring that analytical libraries are maintained effectively. At Barclays, we believe in fostering talent and driving innovation. As a Quantitative Developer, you'll be an integral part of the Statistical Modelling and Development team, focusing on electronic trading and algorithm creation using data science. Your expertise in coding, testing, and documentation will help improve model performance, bringing exceptional business logic to the forefront. If you have a Bachelor's or Master's degree in computer science or financial engineering and possess experience in Java/C++ application development, we’d love to meet you. At Barclays, we value collaboration, creativity, and the courage to challenge the status quo, making it an exciting place to advance your career.

Frequently Asked Questions (FAQs) for Quantitative Developer Role at Barclays
What are the responsibilities of a Quantitative Developer at Barclays?

As a Quantitative Developer at Barclays, you will be responsible for developing and implementing quantitative models, conducting in-depth data analysis and statistical modelling to derive insights into market dynamics, and providing robust support for trading activities. Additionally, your role will include collaborating with various teams to design customized solutions based on client needs and engaging in innovative approaches to improve trading performance.

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What qualifications do I need to apply for the Quantitative Developer position at Barclays?

To be eligible for the Quantitative Developer position at Barclays, candidates should possess at least a Bachelor's or Master's degree in computer science or financial engineering. Proven experience in developing efficient, multithreaded Java or C++ applications, along with a sound understanding of the software development lifecycle, are crucial for this role.

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What skills are highly valued for a Quantitative Developer at Barclays?

Highly valued skills for a Quantitative Developer at Barclays include expertise in developing low-latency enterprise-level Java or C++ applications, data analysis, machine learning experience, and familiarity with electronic trading in financial markets, especially equities. A strong performance tuning knowledge can also be an asset to meet the demands of this dynamic role.

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How does a Quantitative Developer contribute to team initiatives at Barclays?

A Quantitative Developer at Barclays plays a key role in team initiatives by designing and implementing innovative trading models, contributing to collaborative assignments, and sharing expertise on quantitative methodologies with team members. You will guide and influence decision-making processes, ensuring that best practices are followed and team objectives are met efficiently.

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What is the work culture like for a Quantitative Developer at Barclays?

The work culture at Barclays for a Quantitative Developer is characterized by collaboration, innovation, and a commitment to excellence. You will be surrounded by talented professionals who are eager to share their knowledge and help you thrive in a fast-paced environment. Emphasizing the Barclays Values of Respect, Integrity, Service, and Excellence, the organization encourages growth, teamwork, and a results-oriented mindset.

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Common Interview Questions for Quantitative Developer
Can you explain a complex quantitative model you have developed?

When discussing a quantitative model during your interview, focus on the specific problem it aimed to solve, the data you used, the methodologies applied, and the outcomes achieved. Make sure to communicate any challenges you faced and how you overcame them, demonstrating your problem-solving skills while showcasing your expertise as a Quantitative Developer.

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How do you prioritize tasks in a high-pressure environment?

Discuss your strategies for prioritization, such as breaking tasks down into manageable parts, using tools for task management, and collaborating with your team to set clear goals. Emphasize your ability to stay organized and focused, ensuring delivery on high-stakes projects as a Quantitative Developer at Barclays.

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What methodologies do you use for data analysis?

In your response, highlight familiar methodologies such as regression analysis, time series analysis, or statistical hypothesis testing. Discuss your approach to analyzing data sets and how these methods lead to actionable insights for quantitative trading strategies, illustrating your fit for the Quantitative Developer role.

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Describe your experience with Java/C++ applications.

Talk about your experience in developing high-performance Java or C++ applications, focusing on specific projects or tasks where you implemented efficient coding practices, utilized multithreading, or enhanced application performance. Using concrete examples will help demonstrate your capabilities as a Quantitative Developer at Barclays.

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How do you stay current with industry trends and technological advancements?

Explain how you actively seek out new knowledge by attending conferences, participating in webinars, engaging with peer-reviewed journals, or following key influencers on social media platforms. Emphasize your commitment to continuous learning and how it enriches your role as a Quantitative Developer.

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Can you walk us through your software development lifecycle experience?

When discussing your software development lifecycle experience, detail how you've participated in various stages, including planning, design, implementation, testing, and deployment. This illustrates not only your technical knowledge but also your understanding of the entire process, aligning it with the requirements for a Quantitative Developer at Barclays.

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What strategies do you use for performance tuning of applications?

Discuss your approach to performance tuning, which could include profiling applications to identify bottlenecks, leveraging optimized data structures, or implementing caching strategies. By clearly explaining these strategies, you’ll showcase your technical expertise suitable for the Quantitative Developer position.

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How would you handle conflicting priorities from multiple stakeholders?

Highlight your communication skills and diplomacy in managing conflicting priorities. Explain how you would clarify objectives, negotiate timelines, and keep all stakeholders informed to reach a consensus. This approach demonstrates your ability to collaborate effectively within the Quantitative Developer role.

Join Rise to see the full answer
What role does teamwork play in your success as a Quantitative Developer?

Emphasize the importance of collaboration in achieving high-quality results. Share specific examples where teamwork led to enhanced productivity, fostered innovative ideas, or improved model performance, thus reflecting your alignment with Barclays' collaborative culture.

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How do you ensure accuracy in your quantitative models?

Explain your validation techniques, such as backtesting models against historical data, cross-validation methods, and the iterative process of refining algorithms. This demonstrates your attention to detail and commitment to delivering reliable outcomes as a Quantitative Developer.

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DATE POSTED
April 13, 2025

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