Software Development Manager - Derivatives

Clearwater Analytics India Private Limited; Mumbai; On-site; INR 4,000,000 - 6,500,000; Full time

Job summary

Clearwater Analytics is seeking an experienced Software Development Manager to lead derivatives engineering, architecture and delivery across the platform. This senior, hands-on role focuses on scalable, auditable systems for trade lifecycle, pricing, and downstream processing across FX, IR, Credit, Equity and Commodity derivatives.

You will mentor engineers, drive best practices, and collaborate with quants, traders, operations, and risk teams to deliver robust, production-grade solutions at

Qualifications

• 12+ years of software engineering experience designing distributed, data-intensive systems.
• Expertise in Java or Python with strong system design, API design and scalability fundamentals.
• Experience with relational and time-series databases and messaging systems (Kafka).
• Understanding of derivatives lifecycle, risk, and trade lifecycle processing is a plus.

Responsibilities

• Design and build scalable, low-latency systems for derivatives trade capture and processing.
• Own architecture decisions for pricing, valuation, and data models across asset classes.
• Lead data pipelines, event-driven architectures, and integration with market data feeds.
• Mentor engineers, enforce code quality, testing, observability, and performance.
• Collaborate with quants, traders, operations and risk teams to satisfy STP requirements.
• Contribute to hedge accounting workflows and regulatory reporting considerations where applicable.

Skills

Java

Python

Distributed systems

System design

API design

SQL / Time-series DBs

Tools

Kafka

Relational databases

Time-series databases

Job description

We are looking for a Software Development Manager to serve as the overall engineering leader for Derivatives. This is a senior, hands-on technical leadership role responsible for driving the engineering architecture, technical direction, and delivery of derivatives capabilities across the platform. This role sits at the intersection of software engineering and derivatives domain expertise, covering trade lifecycle management, valuation/pricing, and downstream processing across FX, Interest Rate, Credit, Equity, and Commodity derivatives. You will architect and build systems that are correct, auditable, and performant at scale, working closely with quants, traders, operations, and risk teams.

Key Responsibilities

Design and build scalable, resilient systems for derivatives trade capture, lifecycle event processing (resets, fixings, exercises, novations, terminations, amendments), and downstream settlement/confirmation workflows. Own architecture decisions for pricing and valuation services, including integration with pricing libraries/models and market data feeds for FX, IR, Credit, Equity, and Commodity derivatives. Build and maintain data models and event-driven pipelines that support accurate position keeping, P&L, and risk reporting across the trade lifecycle. Partner with quant and risk teams to translate valuation and pricing logic into robust, testable, production-grade code. Drive engineering best practices: system design reviews, code quality, test automation, observability, and performance tuning for high-throughput, low-latency workflows. Collaborate with operations and business stakeholders to understand STP requirements, exception handling, and reconciliation needs across the trade lifecycle. Mentor engineers, contribute to technical roadmap decisions, and raise the bar on engineering rigor across the team. Contribute to hedge accounting workflows where applicable, including effectiveness testing support.

Qualifications

Technical 12+ years of software engineering experience, with a strong track record of designing and building complex, distributed, data-intensive systems. Deep proficiency in at least one modern backend language (Java, Python, or similar) and strong system design fundamentals (scalability, data modeling, API design, event-driven architecture). Experience with relational and/or time-series databases, messaging systems (Kafka or similar), and building services that operate under strict accuracy and auditability requirements. Comfort working across the full stack of a trading platform: trade capture, lifecycle processing, valuation integration, and reporting/reconciliation. Domain Solid understanding of derivatives lifecycle management across FX, Interest Rate, Credit, Equity, and Commodity products — including trade events such as fixings, resets, exercises, novations, and terminations. Working knowledge of valuation and pricing concepts for these asset classes (e.g., discounting curves, forward/NPV calculations, sensitivities) — you don't need to build pricing models yourself, but you must understand how they plug into the systems you build. Familiarity with middle/back office processes: confirmations, settlements, reconciliation, and regulatory/reporting considerations for derivatives.

Nice to Have

Understanding of hedge accounting concepts (e.g., fair value/cash flow hedges) and hedge effectiveness testing methodologies. Experience with regulatory reporting frameworks for derivatives (e.g., Dodd-Frank, EMIR, MiFID II). Exposure to cloud infrastructure and modern DevOps practices in a regulated financial environment.

Thank you for your interest in a career with Clearwater! Clearwater Analytics (NYSE: CWAN) is transforming investment management with the industry's most comprehensive cloud-native platform for institutional investors across global public and private markets. While legacy systems create risk, inefficiency, and data fragmentation, Clearwater's single-instance, multi-tenant architecture delivers real-time data and AI-driven insights throughout the investment lifecycle. The platform eliminates information silos by integrating portfolio management, trading, investment accounting, reconciliation, regulatory reporting, performance, compliance, and risk analytics in one unified system. Serving leading insurers, asset managers, hedge funds, banks, corporations, and governments, Clearwater supports over $8.8 trillion in assets globally.

Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. We are dedicated to building a diverse, inclusive and authentic workplace, so if you're excited about this role but your past experience doesn't align perfectly with the job description, we encourage you to still apply! You may be just what we're looking for.