| SUMMARY:
The Credit Trading division assists our clients in managing their exposure credit risk by offering a wide array of innovative Fixed Income securities and Credit Derivatives products. Credit derivatives, including Credit Default Swaps and Exotic derivatives, have become a key part of the Fixed Income, Currencies and Commodities (FICC) division's product offerings, particularly given the importance of these products to our clients and the firm's leadership position in the industry.
This business maintains a high level of market and operational risk, in large part because of the complexity of these products. Technology is a key component in managing these risks and increasing the efficiency of this already prominent and rapidly growing business line. The technology division's strategy calls for a common set of systems across the firm's derivatives businesses (Currency & Commodities, Interest Rate Derivatives, Credit Derivatives and Equity Derivatives). These systems address several business functions; including trade entry and matching, risk management, confirmation and payment processing.
While our group is exposed to a number of different technologies, the cornerstone of our business is a pricing and risk management technology platform that includes an object-oriented database known as SecDb and a powerful programming language called Slang. This technology platform has evolved into a complete rich toolset that is heavily leveraged by FICC trading businesses to price derivatives and underlying assets, to manage risks and to accomplish all the associated tasks required for trading and sales. This technology has given the business a huge competitive advantage allowing for both rapid response to business needs and expansive growth into profitable derivatives business. In short, this technology provides the following main features:
. Ability to write object-oriented classes.
. Expandable using C, C++, and Java; Stable and well-supported.
. Databases are object oriented, fully replicated globally and highly redundant within regions.
The CD Technology team is focused on delivering this architecture for the CD business globally, as well as providing support and enhancements for existing applications used by the traders, salespeople and operations analysts. One of the current projects being CDS Tradesheet which will unify the trade entry architecture between the Securities and Derivatives space.
Credit Derivatives are a significant source of revenue for the firm. As an analyst/developer, the candidate selected will have many interesting and challenging opportunities to provide appropriate and flexible technology to help this business grow.
PRIMARY RESPONSIBILITIES:
-Design, Develop, Test & Support: working as an integral part of a global development team for the Fixed Income Credit Trading division and partnering with colleagues in various other derivatives and securities technology teams, you will design, develop, test and support new applications or enhancements to existing systems and tools based on client requirements.
-Work in the team to extend the Securities trade booking infrastructure to the derivatives side mainly the Tradesheet application and the components/services used by it and the further development of electronic Straight Through Processing.
-Refine the common derivatives architecture: closely collaborate with colleagues in various FICC technology teams to refine the common derivatives architecture built on a trading and risk systems platform.
-Technical/Team Leadership: working with other developers in the Credit Trading technology team, you will lead software projects, participating in reviews of design, code and testing strategies.
-Client Relationship Management: enhance and maintain our relationships with trading, sales & operations users.
-We are looking for self-starters who will suggest ways to permanently enhance a program or improve a process.
EXPERIENCE / SKILLS / SYSTEMS REQUIREMENTS:
-Programming experience in Java is necessary (2+ years).
-Design and development skills in one or more object oriented (such as C++, C#, Smalltalk) or functional (such as LISP) programming languages (2+ years).
-Previous development experience using SQL for Sybase or Oracle databases is a plus.
-Programming experience in computer languages such as Perl, Python or XSLT.
-Experience with distributed systems and message-oriented middleware concepts highly desirable.
-Solid communication and interpersonal skills are a must given that the role will involve liaising with users of the system, developers from various teams and operations analysts.
-The firm and the department are very focused on using technology to increase profitability, so it is also critical that the person in this role is willing and able to adapt to different technologies to achieve that goal.
-The needs of the Credit Derivatives trading businesses are extremely dynamic, so excellent problem solving skills are a must in addition to a strong programming background.
-Strong team player as the successful candidate will be required to work effectively in a global team.
-Ability to multi-task and work under pressure.
-A Bachelor's degree in Computer Science, Computer/Electrical Engineering or similar discipline required. |
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