Join us as an “Analyst Rates Compression (Strats)” at Barclays Bank. Where we are seeking Rates Strats associate to join our Mumbai team, supporting critical trading desk initiatives across compression, portfolio optimization and risk analytics. This role combines quantitative analysis, technology and operational execution to deliver solutions for the global Macro business.
To be a successful " Analyst Rates Compression (Strats)" - will work on established compression and portfolio restructuring while contributing to strategic technology projects related to Risk, PnL and Capital. This is a hands-on technical role with exposure to Trading, Quants, Strats and Technology teams.
You may be assessed on the key critical skills relevant for success in role, with strong analytical and coding skills who have an interest in rates markets and financial technology. The role offers an excellent opportunity to develop deep knowledge of interest rate products, wider derivatives and trading desk operations in a collaborative environment.
Basic/ Essential Qualifications:
- Execute compression cycles with external vendors (TriOptima, Quantile) and internal stakeholders.
- Conduct portfolio risk analysis and identify compression/optimization opportunities.
- Support pricing analytics for competitive portfolio auctions.
- Develop trading view dashboards with enhanced PnL attribution, risk bucketing and risk aggregation.
- Develop an understanding of the various rates products covering swaps, FRAs, swaptions, XCCY and FX; including their trade cycles and their compression processes.
- Collaboration with London / Asia Strats desk on existing processes.
- Work closely with colleagues in Trading, Sales, Structuring, Tech and middle office on a range of ad-hoc projects.
- Adherence to control processes around trade booking, verification and reconciliation.
Desirable skillsets/ good to have:
- Bachelor's degree in mathematics, Engineering, Computer Science, Physics, Finance, or related quantitative field.
- Strong academic record demonstrating analytical and problem-solving capabilities.
- Experience in investment banking, financial technology or quantitative roles. Experience in Risk, Analytics and Technology functions preferred.
- Basic understanding of interest rate products (swaps, bonds) or willingness to learn quickly.
- Strong proficiency in Python (data analysis libraries).
- Excellent communication skills (oral/written).
- Ability to prioritize and manage multiple tasks and take ownership of assigned tasks.
- Aptitude for self-learning.
- Experience with compression or portfolio optimization
- Experience with building user interfaces / dashboards using Dash (Python) and React
- CFA, FRM or, working towards professional certification
This role will be based out of NKP in Mumbai.
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.
Analyst Expectations
- To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
- Requires in-depth technical knowledge and experience in their assigned area of expertise
- Thorough understanding of the underlying principles and concepts within the area of expertise
- They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
- 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 develop technical expertise in work area, acting as an advisor where appropriate.
- Will have an impact on the work of related teams within the area.
- Partner with other functions and business areas.
- Takes responsibility for end results of a team’s operational processing and activities.
- Escalate breaches of policies / procedure appropriately.
- Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
- Advise and influence decision making within own area of expertise.
- Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
- Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
- Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
- Make evaluative judgements based on the analysis of factual information, paying attention to detail.
- Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
- Guide and persuade team members and communicate complex / sensitive information.
- Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.
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.
