Senior Quant Risk Developer

Description

The team sits in London and works directly with a Product Owner team in Paris, as well as closely with the central architecture group.

The business is a major clearing house, serving international exchanges, trading platforms and a range of OTC markets, and is a leading central counterparty for repurchase agreement clearing, including most European government debt refinancing.

Your team designs and maintains the shared margin platform used by several business lines. Each line has its own delivery team, and a central architecture and integration team sets technical standards so all developments fit together.

Good margin algorithms matter both for meeting the company's risk standards and for keeping the service attractive to traders.

The Risk IT team designs and builds first-line risk systems, automates continuous development and integration, builds software applications, implements margin models (pricing, risk and parameter calibration) in line with EMIR and internal policy, tests the system, writes business requirements for IT teams, develops quantitative solutions, and prototypes and runs user acceptance testing.

This is a senior role at Senior Associate level.

Responsibilities

• Design and build the backend engine for risk and clearing systems.
• Own the full testing cycle, from the theoretical model to production.
• Deliver market data and risk projects.
• Gather business requirements and align IT, application support, business teams in the business lines and the exchanges.
• Analyse and improve the performance of existing risk models across products.
• Maintain and support existing risk libraries and risk simulators.
• Provide third-line support for risk applications.

Requirements

• Background in counterparty or market risk, with a strong grasp of risk calculation methods.
• Proven record of implementing and maintaining stress testing and Value-at-Risk (VaR) models.
• Degree in a numerate discipline.
• 7+ years of software development experience.
• Strong programming skills in Java 21, Spring and REST.
• Experience in a risk or quantitative role.
• Experience taking IT solutions from design through to production.
• Sound conceptual and technical knowledge of modern IT infrastructure.
• Able to work independently and solve problems.
• Clear written and spoken communication.
• Able to work as part of a team delivery environment.

Conditions

The anticipated annual gross base salary is 119,200 zł to 188,400 zł. Base salary ranges may vary by location.

The role is eligible for the annual bonus plan, with a target bonus percentage set by role level and career stage.

Individual pay reflects job-related knowledge, skills and equivalent experience.

The role is based in London.

The company is an equal opportunities employer and does not discriminate on any protected basis, and it will make reasonable accommodations for religious practices and for mental health or physical disability needs.

Benefits

• Eligible for the company benefits programme, with details by country available and questions answered at interview.
• Healthcare, retirement planning, paid volunteering days and wellbeing initiatives.
• The company is a global financial markets infrastructure and data provider with about 25,000 staff in 65 countries.