Our client is hiring a Core Java Developer on a long-term contract basis. Work Location: New York, New York
Work Model: Hybrid
Summary: The Market Risk Fleet is a diverse agile fleet, consisting of several squads and developers in Canada, India, Hungary, UK and the USA. The fleet is primarily responsible for the development of Market Risk engines that calculate billions of P&Ls (Profit and Loss analysis) on a daily basis in a highly distributed environment. The output is essential for risk managers, board members and financial regulators. Within the fleet we are responsible for reimplementing our Risk Calculation engine, using distributed Java microservices, and cloud technologies.
The Fundamental Review of the Trading Book (FRTB) is an international standard of rules for computing and governing capital that banks must hold against market risk exposures.
The Market Risk Department encompasses technology to mitigate Market Risk through various global systems and processes. We are responsible for monitoring, measuring and communicating risks generated by business lines. Our mission critical platform processes over a billion positional and sensitivity records daily and uses thousands of CPU-cores to compute the risk. Our databases contain over a Peta Byte and our data velocity is measured in TB/hr. We are in the process of renovating much of our core infrastructure as part of a multi-year initiative.
FRTB Risk Engines within Market Risk Department interfaces with various systems and obtains valuation, Greeks and risk sensitivities along with trade attributes for trades across various asset classes. FRTB applications have many roles to play namely reference data management, ingestion of data, calculation of charge, tooling for analysis and reporting. The distributed processing platform is event-based and leverages big data technologies such as Spark and Greenplum.
The ideal candidate will have extensive hands-on experience designing, building and integrating analytical systems in a multi-tier data-centric environment. Experience with large-scale relational databases, strong SQL, Java, and Linux are essential. Working knowledge of big data technologies such as Spark is a plus. The candidate will work in an agile squad to design and implement solutions following a Service Oriented Architecture (SOA).
We are looking for candidates with experience in Core java, Apache Spark, DB SQL, Application/server-side development. Having knowledge on distributed computing, handling of high volume of data, process optimization, reducing run time etc. will add value to the candidate.
Responsibilities: - Work on developing new and enhancing existing Market Risk applications
- Be part of an Agile squad with members in Montreal, Budapest, India, London, and New York, following Agile principles and applying DevOps practices
- Be able to work with our business partners
- Shape the tooling and technology landscape of Risk Management, by introducing tools enabling better business processes required for meeting regulatory obligations
Required Qualifications: - 5+ Years hands-on experience with Core-Java (server-side), Spring, RDBMS
- Experience with distributed data processing pipelines using Apache Spark, Python, and other tools and languages
- Strong object-oriented design and development skills, data-structures and algorithms, and design patterns
- A good understanding of how to build multi-threaded applications and hands-on experience with concurrency packages
- Excellent critical thinking & analytical ability
- Experience with distributed data processing pipelines using Spark, Hive, Python, and other tools and languages
- A culture of incorporating unit test cases when designing systems using Junit
- Strong experience with relational databases logical modelling
- Strength in querying large relational databases in an optimized manner
- Ability to write scripts in Shell/Perl/Python
- Agile Development Experience
- Strong collaboration and communication skills. The candidate will work in a global team where clear and concise communication skills are a must.
- Work independently following proper coding standards
Nice to have:
- Risk/Financial Systems development experience
- Automated testing
Pay Rate: $59 - $77
Job ID: 84164
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