fixed income rates derivatives IT recruitment

C#.Net / Java / Fixed Income / Vanilla Rate Derivatives / Rates / Tibco / Solace / Coherence / Cache/ Data Synapse / Swaps / Futures / Bonds

This role is within a Fixed Income Pricing team focused on the needs of Vanilla Interest Rate Derivatives Trading and Sales desks globally but focused mostly on the London trading desks. The role participates in the development of the strategic real time pricing system whose scope includes but is not limited to generating executable and indicative pricing, curve generation and a variety of pricing tools.

PRIMARY RESPONSIBILITIES

*Develop Pricing system components, related tools and/or applications, primarily in Live Pricing/Quoting space. Most of the development involves some business analysis, a lot of coding in C# or Java, testing and being responsible for the releases
*Collaborate within the global pricing team and with technology teams responsible for Core systems
*Continuously evaluate the best mix of technology to solve the business problems

KEY RELATIONSHIPS

*This role needs to develop an effective relationship with Risk team and other Core FIC IT teams such as GUI Frameworks, Market/Reference data,
*This position is expected to interact with Risk team, Quant team and occasionally the Rates Derivatives trading desk depending on the skills
*This role requires daily communication with the London and New York pricing teams

COMPETENCIES

Behavioural
*Develop Pricing system components, related tools and/or applications, primarily in Live Pricing/Quoting space
*Collaborate with technology teams responsible for Core systems
*Continuously evaluate the best mix of technology to solve the business problems

Technical
*Previous experience developing and delivering real time pricing or risk systems
*Highly skilled with C#/.NET and/or Java
*Experience with messaging systems such as TIBCO and Solace
*Desirable to have experience with databases and distributed cache products (Coherence, SQL Server, etc)
*Desirable to have experience with distributed compute grids (DataSynapse)
*Good experience with Agile style development

Business Knowledge
*Experience with methods and techniques for Valuation of Vanilla Rates products, such as IR Swaps, Swaptions, Futures and Government Bonds
*Thorough understanding of swap curve construction methodology and pricing tools trading uses.
*Deep understanding of market conventions in terms of quoting, trading and electronic execution of these trades
*Good understanding of P/L Decomposition and Interest Rate risk