Head of Development

Banyak Group; New York (NY); On-site; USD 280,000 - 520,000; Full time

Job summary

Banyak Group, a leading hedge fund, is seeking a highly technical Head of Development to lead the firm's application engineering strategy. The role is hands-on, focusing on the Central Risk platform and expanding across front-office and operations, with responsibility for modernizing tools and building a greenfield AWS-native microservices stack.

You will set engineering standards, manage a talented team, and collaborate with the CTO and business stakeholders to deliver high-impact risk and

Qualifications

• 10+ years of hands-on engineering experience in production systems.
• Background in Risk Technology (exposure management, scenario analysis, limits).
• Deep Python expertise and microservices architecture.
• Experience building AWS-native systems (ECS, Lambda, S3, RDS, Terraform).
• Strong architectural thinking with clean interfaces and service boundaries.
• Leadership of small teams; player-coach mentality preferred.
• Excellent communication with business stakeholders.

Responsibilities

• Lead all aspects of application development starting with Central Risk and expanding firmwide.
• Architect a cloud-native microservices platform with modularity, scalability, and deployment.
• Own and modernize legacy applications, ensuring stability while refactoring to align with long-term vision.
• Partner with the CTO and Head of Data to align architecture with business and data strategies.
• Stay hands-on: write code, review designs, and guide architectural decisions.
• Build and mentor a high-performing dev team with strong coding standards.
• Collaborate with PMs, Analysts, and stakeholders to deliver high-impact tools.

Skills

Hands-on engineering

Python

Microservices

AWS

Risk technology

Leadership

Communication

Tools

AWS (ECS, Lambda)

Terraform

Docker

S3/RDS

CI/CD (Bitbucket)

Job description

Multi-manager hedge fund managing over $3 billion in AUM is seeking a highly technical Head of Development to lead the firm’s application engineering strategy. This is a hands-on architecture and leadership role focused initially on their Central Risk platform, with a mandate to expand across front-office and operational systems. You will be responsible for modernizing existing tools, designing and building a greenfield, AWS-native microservices stack, and setting engineering standards for the broader team. This role is ideal for a Risk Technology leader ready to take full ownership of architecture, execution, and team development at a high-performance hedge fund.

Key Responsibilities

• Lead all aspects of application development, starting with Central Risk and expanding firmwide
• Architect a cloud-native microservices platform, setting patterns for modularity, scalability, and deployment
• Own and modernize legacy applications, ensuring stability while refactoring to align with long-term vision
• Partner closely with the CTO and Head of Data to align architecture with business and data strategies
• Stay hands-on: write code, review designs, and guide architectural decisions
• Build and mentor a high-performing dev team, promoting engineering excellence and strong coding standards
• Collaborate directly with PMs, Analysts, and Business stakeholders (Risk, Ops, Legal, Compliance, Accounting) to deliver high-impact tools

Key Objectives for the First 12–18 Months

• Take full ownership of existing risk applications, ensuring stability, consistent delivery, and confidence from the CRO and investment teams
• Define a clear roadmap that lays out what systems will be rebuilt, retired, or replatformed; sequenced by business value and technical priority
• Propose a staffing and hiring plan to scale the team in line with the architectural vision and delivery objectives
• Design and implement a modular microservices architecture in AWS, defining clear service boundaries, deployment patterns, and system observability
• Establish and enforce engineering best practices across code quality, automated testing, CI/CD workflows, and monitoring
• Partner with the Head of Data to define clean, scalable interfaces between application services and the firm’s data platform
• Deliver new tools and systems that help drive alpha by enhancing investment research workflows, decision-making, and risk-adjusted performance
• Refactor or rebuild legacy systems where necessary to align with long-term architecture, balancing business value with technical risk

Qualifications

• 10+ years of hands-on engineering experience, with recent ownership of production systems
• Background in Risk Technology (e.g., exposure management, scenario analysis, limits) required
• Deep expertise in Python and microservices architecture
• Proven success in building and deploying AWS-native systems (ECS, Lambda, S3, RDS, Terraform)
• Strong architectural thinking able to define clean interfaces, service boundaries, and modernization paths
• Experience leading small, high-impact teams; player-coach mentality preferred
• High coding standards and fluency in CI/CD, testing frameworks, and monitoring tools
• Strong communication skills; ability to engage directly with business and investment stakeholders
• Prior hedge fund, asset management, or trading systems experience highly desirable

Tech Stack

• Languages & Frameworks: Python, C#, SQL, TypeScript
• Front-End: React, Angular (legacy support; migrating to React)
• Architecture & Deployment: Microservices, REST APIs, Docker, AWS (Lambda, ECS, S3, RDS), Terraform
• CI/CD & Testing: Bitbucket Pipelines, PyTest, contract testing frameworks

Why Join?

You’ll lead the transformation of their engineering stack and help define the future of technology at a high-performing hedge fund. This is a rare opportunity to shape modern infrastructure from the ground up, starting with Risk and expanding across all application domains.