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Software Engineer II, Risk Technology

Jersey City, New Jersey

Job Description:

Responsible for developing and delivering complex software requirements to accomplish business goals. Ensures that software is developed to meet functional, non-functional, and compliance requirements. Codes solutions, unit tests, and ensures the solution can be integrated successfully into the overall application/system with clear, robust and well-tested interfaces. Familiar with development and testing practices of the bank. 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. Contributes to existing test suites (integration, regression, performance); Analyzes test reports, identifies any test issues/errors; Triages the underlying cause. Documents and communicates required information for deployment, maintenance, support, and business functionality. Participates, contributes and can coach team members in the delivery/release (CI-CD) events. e.g. branching timelines, pull requests, issue triage, merge/conflict resolution, release notes. Individual contributor.

Job Description:

  • Focus on developing new methodologies to calculate VaR and enhancing the existing functionality
  • Work on the proprietary hybrid approach to calculating VaR which involves both the historical and the parametric models
  • Work with a team of software developers focused on implementing Risk Calculation Models and a reporting framework and should be able to fit into Agile team
  • Interface with Risk Managers/Business Analyst and Middle office business users to gather requirements for enhancements and new features in the system
  • Coordinate the software development and testing efforts (SDLC cycle) including release and post release support as required
  • Perform risk methodology enhancements and infrastructural enhancements
  • Develop frameworks for calculating Risk Metrics and for porting the system from a legacy Java platform to a strategic firm-wide platform in Python
  • Utilize the following tools and technologies: Java, Python, SQL Querying, Oracle/Netezza/Sailfish, Sybase, Shell Scripting and Linux

Required Skills:

  • Programming experience with Java, Python and SQL
  • Good understanding of data structures and algorithms and the implications on time and space complexity
  • Experience working with large volumes of data
  • Ability to work with an existing large code base

Desired Skills:

  • Experience with risk calculations and models used in market risk
  • Experience with implementing highly concurrent systems using the Java concurrency framework
  • Knowledge of how different financial products and their derivatives work, along with their pricing
  • Master’s degree in Engineering or related field

Risk Technology:

  • 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:

Responsible for developing and delivering complex software requirements to accomplish business goals. Ensures that software is developed to meet functional, non-functional, and compliance requirements. Codes solutions, unit tests, and ensures the solution can be integrated successfully into the overall application/system with clear, robust and well-tested interfaces. Familiar with development and testing practices of the bank. 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. Contributes to existing test suites (integration, regression, performance); Analyzes test reports, identifies any test issues/errors; Triages the underlying cause. Documents and communicates required information for deployment, maintenance, support, and business functionality. Participates, contributes and can coach team members in the delivery/release (CI-CD) events. e.g. branching timelines, pull requests, issue triage, merge/conflict resolution, release notes. Individual contributor.

Job Description:

  • Focus on developing new methodologies to calculate VaR and enhancing the existing functionality
  • Work on the proprietary hybrid approach to calculating VaR which involves both the historical and the parametric models
  • Work with a team of software developers focused on implementing Risk Calculation Models and a reporting framework and should be able to fit into Agile team
  • Interface with Risk Managers/Business Analyst and Middle office business users to gather requirements for enhancements and new features in the system
  • Coordinate the software development and testing efforts (SDLC cycle) including release and post release support as required
  • Perform risk methodology enhancements and infrastructural enhancements
  • Develop frameworks for calculating Risk Metrics and for porting the system from a legacy Java platform to a strategic firm-wide platform in Python
  • Utilize the following tools and technologies: Java, Python, SQL Querying, Oracle/Netezza/Sailfish, Sybase, Shell Scripting and Linux

Required Skills:

  • Programming experience with Java, Python and SQL
  • Good understanding of data structures and algorithms and the implications on time and space complexity
  • Experience working with large volumes of data
  • Ability to work with an existing large code base

Desired Skills:

  • Experience with risk calculations and models used in market risk
  • Experience with implementing highly concurrent systems using the Java concurrency framework
  • Knowledge of how different financial products and their derivatives work, along with their pricing
  • Master’s degree in Engineering or related field

Risk Technology:

  • 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-21080325

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Mindy Savage

Referral Bonus:

0

Street Address

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