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Front Office Risk Developer - Software Engineer III - Rates Technology

Jersey City, New Jersey

Job Description:

The Americas Linear Rates Risk team is looking for a senior Front Office risk developer for the role of Vice President – Software Engineer 3 to develop and maintain Intraday and EOD risk applications for Front Office (trading), Operations, Market Risk and Finance. Key responsibilities include developing solutions and using best practices for implementing enhancements and product improvements for Risk applications. Ideally, the candidate will not only have strong technical expertise in risk development but also well versed in financial products and valuation techniques. Should have demonstrated experience in building risk systems and in batching/distribution along with knowledge of  booking, market data and analytic libraries.


Responsibilities:
- Design and develop code for risk systems and risk framework improvements
-       Work on implementing business logic for risk, pnl explain and other calculators needed in the AMRS Linear Rates space
-       Setup jobs for Risk/PnL generation and work with Support partners to ensure adequate monitoring is in place
-       Ensure that application changes are scalable, performant and pre-release procedures are followed
- Liaise closely with partners in Trading, Risk management, Operations, Finance etc.
- Take ownership of project deliverables and ensure dev tasks are tracked per required standards on Jira
- Perform code reviews and feedback on implementation
- Collaborate with QA teams and Support to ensure testing frameworks and support tools cover all important aspects of the applications

Responsible for designing and developing complex requirements to accomplish business goals. Ensures that software is developed to meet functional, non-functional, and compliance requirements. Ensures solutions are well designed with maintainability/ease of integration and testing built-in from the outset. Possess strong proficiency in development and testing practices common to the industry, and have extensive experience of using design and architectural patterns. At this level, specializations start to form in either Architecture, Test Engineering or DevOp. Contributes to story refinement/defining requirements. Participates and guides team in estimating work necessary to realize a story/requirement through the delivery lifecycle. Performs spike/proof of concept as necessary to mitigate risk or implement new ideas. Codes solutions and unit tests to deliver a requirement/story per the defined acceptance criteria and compliance requirements. Utilizes multiple architectural components (across data, application, business) in design and development of client requirements. Assists team with resolving technical complexities involved in realizing story work. Designs/develops/modifies architecture components, application interfaces, and solution enablers while ensuring principal architecture integrity is maintained. Designs/develops/maintains automated test suites (integration, regression, performance). Sets up and develops a continuous integration/continuous delivery pipeline. Automates manual release activities. Mentors other Software Engineers and coaches team on CI-CD practices and automating tool stack. Individual contributor.

Required Skills:
- Excellent programming skills with 8+ years of development experience with at least 4+ years of Python development
- Must have 5+ years’ experience with object oriented programming and development of enterprise risk systems in a large financial firm
- Solid working knowledge of Interest Rates products like Swaps, Bonds and Futures along with their valuation techniques and understanding of risk quantification process
- Experience using and applying analytic libraries on trade and market data to generate risk/pnl values
- Demonstrated experience in working on business facing projects related to trading and/or market risk
- Experience in developing risk batches and working knowledge of distribution techniques and optimization 
- Working on knowledge of Java and big data technologies like Hadoop
- Proactive attitude and strong troubleshooting skills a must

Desired Skills:

Bachelor's degree in Engineering/Computer Science or related STEM field (Master’s preferred)

Bank of America's Global Banking and Markets Technology Organization....

  • Believes diversity makes us stronger so we can reflect, connect and meet the diverse needs of our clients and employees around the world.
  • Is committed to building a workplace where every employee is welcomed and given the support and resources to perform their jobs successfully.
  • Wants to be a great place for people to work and strives to create an environment where all employees have the opportunity to achieve their goals.
  • Provides continuous training and development opportunities to help employees achieve their career goals, whatever their background or experience.
  • Is committed to advancing our tools, technology, and ways of working to better serve our clients and their evolving business needs.
  • Believes in responsible growth and is dedicated to supporting our communities by connecting them to the lending, investing and giving them what they need to remain vibrant and vital.

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

The Americas Linear Rates Risk team is looking for a senior Front Office risk developer for the role of Vice President – Software Engineer 3 to develop and maintain Intraday and EOD risk applications for Front Office (trading), Operations, Market Risk and Finance. Key responsibilities include developing solutions and using best practices for implementing enhancements and product improvements for Risk applications. Ideally, the candidate will not only have strong technical expertise in risk development but also well versed in financial products and valuation techniques. Should have demonstrated experience in building risk systems and in batching/distribution along with knowledge of  booking, market data and analytic libraries.


Responsibilities:
- Design and develop code for risk systems and risk framework improvements
-       Work on implementing business logic for risk, pnl explain and other calculators needed in the AMRS Linear Rates space
-       Setup jobs for Risk/PnL generation and work with Support partners to ensure adequate monitoring is in place
-       Ensure that application changes are scalable, performant and pre-release procedures are followed
- Liaise closely with partners in Trading, Risk management, Operations, Finance etc.
- Take ownership of project deliverables and ensure dev tasks are tracked per required standards on Jira
- Perform code reviews and feedback on implementation
- Collaborate with QA teams and Support to ensure testing frameworks and support tools cover all important aspects of the applications

Responsible for designing and developing complex requirements to accomplish business goals. Ensures that software is developed to meet functional, non-functional, and compliance requirements. Ensures solutions are well designed with maintainability/ease of integration and testing built-in from the outset. Possess strong proficiency in development and testing practices common to the industry, and have extensive experience of using design and architectural patterns. At this level, specializations start to form in either Architecture, Test Engineering or DevOp. Contributes to story refinement/defining requirements. Participates and guides team in estimating work necessary to realize a story/requirement through the delivery lifecycle. Performs spike/proof of concept as necessary to mitigate risk or implement new ideas. Codes solutions and unit tests to deliver a requirement/story per the defined acceptance criteria and compliance requirements. Utilizes multiple architectural components (across data, application, business) in design and development of client requirements. Assists team with resolving technical complexities involved in realizing story work. Designs/develops/modifies architecture components, application interfaces, and solution enablers while ensuring principal architecture integrity is maintained. Designs/develops/maintains automated test suites (integration, regression, performance). Sets up and develops a continuous integration/continuous delivery pipeline. Automates manual release activities. Mentors other Software Engineers and coaches team on CI-CD practices and automating tool stack. Individual contributor.

Required Skills:
- Excellent programming skills with 8+ years of development experience with at least 4+ years of Python development
- Must have 5+ years’ experience with object oriented programming and development of enterprise risk systems in a large financial firm
- Solid working knowledge of Interest Rates products like Swaps, Bonds and Futures along with their valuation techniques and understanding of risk quantification process
- Experience using and applying analytic libraries on trade and market data to generate risk/pnl values
- Demonstrated experience in working on business facing projects related to trading and/or market risk
- Experience in developing risk batches and working knowledge of distribution techniques and optimization 
- Working on knowledge of Java and big data technologies like Hadoop
- Proactive attitude and strong troubleshooting skills a must

Desired Skills:

Bachelor's degree in Engineering/Computer Science or related STEM field (Master’s preferred)

Bank of America's Global Banking and Markets Technology Organization....

  • Believes diversity makes us stronger so we can reflect, connect and meet the diverse needs of our clients and employees around the world.
  • Is committed to building a workplace where every employee is welcomed and given the support and resources to perform their jobs successfully.
  • Wants to be a great place for people to work and strives to create an environment where all employees have the opportunity to achieve their goals.
  • Provides continuous training and development opportunities to help employees achieve their career goals, whatever their background or experience.
  • Is committed to advancing our tools, technology, and ways of working to better serve our clients and their evolving business needs.
  • Believes in responsible growth and is dedicated to supporting our communities by connecting them to the lending, investing and giving them what they need to remain vibrant and vital.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21059980

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Amie Reynoso

Referral Bonus:

0

Street Address

Primary Location:
101 HUDSON ST, NJ, Jersey City, 07302