Quantitative Analyst - Climate Risk

Purpose of the role

To design, develop, implement, and support mathematical, statistical, and machine learning models and analytics used in business decision-making

Accountabilities

• Design analytics and modelling solutions to complex business problems using domain expertise.
• Collaboration with technology to specify any dependencies required for analytical solutions, such as data, development environments and tools.
• Development of high performing, comprehensively documented analytics and modelling solutions, demonstrating their efficacy to business users and independent validation teams.
• Implementation of analytics and models in accurate, stable, well-tested software and work with technology to operationalise them.
• Provision of ongoing support for the continued effectiveness of analytics and modelling solutions to users.
• Demonstrate conformance to all Barclays Enterprise Risk Management Policies, particularly Model Risk Policy.
• Ensure all development activities are undertaken within the defined control 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.

We are seeking a highly motivated AVP-level Quantitative Analyst to join our Climate Risk and Portfolio Management team. This is a high-impact role focused on the quantification and management of climate and catastrophe risk. You will play a key role in developing the firm's Climate Risk Appetite Framework and advancing portfolio-level risk analytics.

Key Responsibilities:

• Develop quantitative frameworks to assess and manage the firm’s exposure to climate-related and catastrophe risks.
• Perform portfolio aggregation, data quality assessments, and create stress-testing scenarios and heat maps.
• Conduct impact analyses and forecasts to inform portfolio risk decisions and support strategic planning.
• Design and implement cutting-edge analytics to optimize risk-return trade-offs and drive sustainable portfolio growth.
• Establish rigorous processes for defining and monitoring risk appetite, with a focus on climate-related exposures.
• Blend quantitative models with qualitative insights to enhance innovation and accelerate problem-solving.
• Evaluate and interpret results from third-party catastrophe models, integrating them into internal risk frameworks.
• Collaborate with internal stakeholders across Risk, Finance, Strategy, and external model providers to align on climate risk methodologies and findings.
• Prepare and deliver high-quality presentations and reports to senior management, highlighting key climate risk exposures, performance expectations, and strategic opportunities.
• Ensure all risk activities comply with regulatory standards and internal policies, maintaining a strong control environment and promoting a culture of ethical risk-taking.

Essential Skills & Experience:

• Strong programming skills in Python for data analysis and model development.
• Ability to communicate complex quantitative concepts to non-technical stakeholders.
• Proven ability to work independently and collaboratively in a cross-functional environment.

Desirable Skills:

• Understanding of portfolio risk management concepts and catastrophe/climate risk modelling.
• Experience with data visualization tools and reporting dashboards is a plus.
• Exposure to ESG or climate-related financial risk frameworks.
• Proficiency in C++, R, SQL, or SAS.

You may be assessed on the key critical skills relevant for this 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 based in our Prague Location.