XVA Developer

Sumitomo Mitsui Financial Group, Inc.; Greater London; Hybrid; GBP 58,000 - 88,000; Full time

Benefits offered by this job

Hybrid working

Competitive paid leave days

Private medical insurance

Life and disability insurance

Mental wellbeing support

Learning and development opportunities

Ambitious remuneration package

Job summary

SMBC Group is seeking a Software Developer for the XVA development team within the ITDS Business Platforms. You will build and maintain XVA simulations, applications and tools, collaborating with product managers and global teams.

The role emphasizes delivery, cross-team communication, and training support. You should have strong programming skills in C/C++, Python, and experience with mathematical finance, especially XVA and Credit Risk.

Qualifications

• Educated to degree level in Computer Science or similar engineering degree.
• Proficient in C/C++ (essential), Python (must have); C# (good to have).
• Experience with mathematical finance, especially Interest Rate Derivatives, XVA, and Credit Risk.
• Familiarity with Agile, Scrum and DevOps processes.

Responsibilities

• Translate business requirements into technical specifications for development.
• Support both in-house and external XVA analysis solutions.
• Troubleshoot production environment to meet SLAs.
• Collaborate with Credit Risk analysts and business teams.
• Improve software performance and operational efficiency.
• Provide technical support for development environment, architecture, and deployment.

Skills

C/C++

Python

C#

Agile

DevOps

Financial derivatives

Education

Degree in Computer Science or related engineering

Tools

None

Job description

SMBC: A trusted partner for the long term

Here at SMBC Group, we want to help you find the next step in your career so read on to discover if this opportunity is the one for you. We like to recognise potential in our people, so we welcome your application even when your experience doesn't perfectly align with the job description. Whilst we'll always strive to be better, we're proud of our inclusive culture, and encourage our applicants and colleagues to be their authentic, unique selves.

Who we are

United by a sense of purpose towards our customers - to be a trusted partner for the long-term - and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future.

Role Summary

This software developer role is part of the XVA (X-Value Adjustment) development team to build and maintain the suite of XVA simulations, applications and tools.

The role sits within the ITDS Business Platforms and is part of the XVA workstream of the Sales & Trading Team.

Work with business teams, product managers, and other stakeholders to understand business requirements.

Have excellent communication skills; Ability to articulate points and summarise or explain technical concepts or issues.

Must be a good team player to work collaboratively with multiple teams across global offices and have the maturity to solve problems directly and independently.

Have a strong work ethic. Ability to multi-tasking and prioritize work with a focus on delivery.

Participate in periodic development meetings to align development priorities and objectives, tasks, and share knowledge and experiences with teammates/.

Assists in the training and mentoring of other development team members.

Experience working with technology vendors to deploy product solutions.

Experience of working in global teams working on Agile delivery framework.

The anticipated salary range for this role is £58,000 - £88,000, with the final offer determined based on the candidate's skills, experience, role scope, location, and relevant market factors. In addition to base salary, the role may be eligible for a discretionary incentive award and a competitive benefits package, including core benefits such as pension provision.

Position Description

Compile business requirements and translate them into technical specifications for development.

Take responsibilities of supporting both the in-house and external software solutions for the daily XVA analysis.

Troubleshoot any issue with the production environment to ensure that we meet the SLAs.

Work collaboratively with business to assist and provide answers to Credit Risk analysis related enquiries.

Keep improving software performance, business processes and operational efficiency.

Take responsibility for mission critical projects and provide technical support of the development environment, architecture, implementation and operations.

Educated to degree level in Computer Science or similar engineering degree

Practical work experience involving system architecture and software application and message/data transfer and processing.

Be well-versed in software implementation. Proficient expert in programming language C/C++ (essential must have), C# (good to have), Python (must have); ability to automate processes via scripting language(s).

And have an active interest in other computing technology and tools.

Have a solid background and work experience with mathematical finance and strong analytical and quantitative skills, especially areas such as Interest Rate Derivatives, XVA, and Credit Risk.

Preference will be given to candidates with previous experience working within the XVA family (e.g. CVA, DVA, FVA, KVA or MVA).

Exhibit functional understanding of application development planning processes such as Agile, Scrum, and DevOps and change management and testing procedures.

Strong solid analytical skills for diagnosing and troubleshooting potential system issues; Sharp mind to process solution with quick turn-around.

Show understanding of technical, infrastructure, data, and security requirements of developed solutions and ability to translate into adequate technical specifications and guidelines.

Advanced understanding of current recovery solutions and high availability architectures.

Competencies

• Customer Focus
• Driving Change
• Driving Results
• Embraces Diversity
• Enterprise Leadership
• Judgement and Decision Making
• Risk Management
• Strategic and Visionary
• Trust and Integrity

What we offer

For all the expertise and experience you bring to help us make a difference, it's only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-bring and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks.

• Hybrid and flexible working
• Competitive paid leave days
• Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance
• Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services
• Access a wide range of learning and development opportunities and career progression opportunities
• Ambitious remuneration package

We recognise our role as a bank to support social change and welcome all applications, including those from groups often under-represented in financial services. We value the uniqueness of professional and personal, backgrounds and perspectives as they play a vital role in continuing the sustainable growth of our organisation. We'll ensure reasonable adjustments to our recruitment process are offered due to a disability or long-term condition whenever requested.

We are committed to transparent and equitable pay practices. Compensation is determined using objective criteria, including skills, experience, and role responsibilities, and applied consistently throughout our recruitment processes. We do not request candidates' pay history and are committed to preventing unjustified pay disparities.

About SMBC

A trusted partner for the long term United by a sense of purpose towards our customers - to be a trusted partner for the long-term - and our universal banking platform in EMEA, we deliver a full suite of corporate finance products and solutions to our customers, including corporate, structured and trade finance, leveraged finance, loan market and treasury products. We can also provide investment banking and advisory services and a range of innovative solutions in global capital markets. Find out more about what we do and who we are at https://www.smbcgroup.com/emea/careers

Find out more