Lead Software Engineer - Rates Risk

J.P. Morgan; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

A leading company in financial services is seeking a RAD Engineer in London. You will design and maintain risk management tools for interest rate derivatives while collaborating with traders and technology teams. The ideal candidate will have expertise in Python and Excel, strong problem-solving skills, and a proactive approach to challenges.

Qualifications

• Formal training in financial markets concepts.
• Advanced experience in Excel and Python.
• Ability to cope with complexity and changing conditions.

Responsibilities

• Design, create, and maintain Front Office risk and P&L management tools.
• Interact with senior traders and teams across the business.
• Support and debug time-critical issues in the RAD application portfolio.

Skills

Financial markets knowledge

Excel

Python

Problem-solving

Time management

Communication

Relationship-building

Job description

As a RAD Engineer at JPMorgan Chase within the Rates division, you will be contributing to the world's largest interest rate derivatives franchise. Your responsibilities will encompass the design, creation, and maintenance of Front Office risk and P&L management tools, which are primarily utilized by our Linear interest rates trading business. These tools are predominantly developed in Excel with Athena (Python), real-time Market data, and Quant library add-ins. As we transition towards more Athena-based logic, your Python scripting expertise will be crucial. In this fast-paced setting, your comprehension of interest rates trading and your responsible, analytical approach to programming will be instrumental in maintaining our market leadership.

Job responsibilities

• Sit with and facing off to numerous, often senior, traders, who cover the currencies of developed economies.
• Work in the full development life cycle, i.e. requirements gathering, analysis, design, implementation, support of RAD application portfolio.
• Build relationships with Front Office users, Quant Researchers, other teams in Rates/Macro Technology, and Finance.
• Maintain and enhancing the RAD toolset.
• Analyze challenges facing the business, both technical and financial in scope, and requiring a thorough understanding of both aspects in order to propose the most appropriate solutions.
• Architect, engineer/develop, and maintain complex financial calculations and technical solutions for the business, and for partners in technology and quantitative research, for the toolkit which is used to risk manage, understand, and predict P&L on complex interest rate risk
• Act as part of the support rota, support and debug time-critical issues reported by our partners in the business, technology, or finance, then implement or propose solutions thatensure they do not resurface in the future.
• Work effectively as representative of immediate team, as part of ad hoc teams working on larger projects, covering changes to such things as regulatory requirements, risk management framework, and technical systems, to ensure the toolkit meets requirements.

Required qualifications, capabilities, and skills

• Formal training or certification on Financial markets knowledge concepts and proficient advanced experience
• Excel delivery experience
• Python delivery experience
• Adjusts quickly to changing priorities and conditions. Copes effectively with complexity and change. Learns technologies and patterns quickly.
• Good communication, relationship-building skills
• Creative problem solver
• Excellent time management
• Ability to work under pressure and to tight deadlines
• Self-starter
• Flexible, conscientious, professional, enthusiastic

Preferred qualifications, capabilities and skills

• Interest Rates Derivative knowledge
• Risk and P&L knowledge
• Experience working on trading floor