Director, Equities Exotics Quant

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

• Design, develop, and maintain advanced quantitative models for pricing, risk management, and analytics of equity exotics products (including cliquet, dispersion, knocked-in/out variance, and multi-asset options).
• Develop and implement trading and hedging tools for the exotics desk, including systematic hedging strategies, volatility surface dynamics analysis, and P&L attribution.
• Use quantitative and advanced technologies to solve complex business problems in equity exotics.
• Extend back-testing frameworks for exotic option strategies, including empirical studies on hedging costs, trade impact, and volatility dislocation signals.
• Collaborate directly with traders and structurers to research, prototype, and deploy new models and analytics for exotic products, ensuring alignment with desk needs.
• Deliver high-performance, production-quality code for pricing engines, simulation tools, and analytics libraries, following best practices in software engineering and Agile development.
• Document model assumptions, methodologies, and validation results for internal and regulatory purposes.

Director Expectations

• To manage a business function, providing significant input to function wide strategic initiatives. Contribute to and influence policy and procedures for the function and plan, manage and consult on multiple complex and critical strategic projects, which may be business wide..
• They manage the direction of a large team or sub-function, leading other people managers and embedding a performance culture aligned to the values of the business. Or for an individual contributor, they lead organisation wide projects and act as deep technical expert and thought leader, identifying new ways of working and collaborating cross functionally. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Provide expert advice to senior functional management and committees to influence decisions made outside of own function, offering significant input to function wide strategic initiatives.
• Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function.
• Escalates breaches of policies / procedure appropriately.
• Foster and guide compliance, ensure regulations are observed that relevant processes in place to facilitate adherence.
• Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate.
• Demonstrate extensive knowledge of how the function integrates with the business division / Group to achieve the overall business objectives.
• Maintain broad and comprehensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector / functional knowledge, and insight into external market developments / initiatives.
• Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations.
• Exercise management authority to make significant decisions and certain strategic decisions or recommendations within own area.
• Negotiate with and influence stakeholders at a senior level both internally and externally.
• Act as principal contact point for key clients and counterparts in other functions/ businesses divisions.
• Mandated as a spokesperson for the function and business division.

All Senior 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.

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.

Basic Qualifications/Skills

• Ph.D. or Master's degree in a quantitative field (Physics, Mathematics, Computer Science, Engineering).
• 6+ years of experience in quantitative modeling for equity derivatives, with a strong focus on exotics.
• Advanced programming skills in C++ and Python.
• Proven expertise in developing and deploying models for volatility surface fitting, calibration, and pricing of exotic equity derivatives.
• Strong background in Monte Carlo simulation, PDE modeling, and empirical analysis of market data.

Preferred Qualifications/Skills

• Deep knowledge of equity exotics (cliquet, dispersion, knocked-in/out variance, multi-asset options), volatility products (VIX, variance swaps), and hybrid derivatives.
• Experience with stochastic volatility, correlation, and funding models, including calibration and term structure modeling.
• Experience with cross-platform development (Windows/Linux).
• Excellent written and verbal communication skills, with the ability to explain complex models and results to non-quant stakeholders.
• Passion for researching and solving domain-specific problems in equity exotics and volatility derivatives.

Salary / Rate Minimum: $260,000

Salary / Rate Maximum: $300,000

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

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 should 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 always working on the correct visa. 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.