You should have a background and/or technology interest working within multiple asset classes for Risk.   Areas covered – Commodities, Emerging Markets, Fixed Income, Equity Note:140k in Charlotte is equivalent to 200k in NY Metro!!!

Fixed Income IT globally supports the various trading groups including Interest Rate Products, Credit Trading, Emerging Markets and Commodities. The IT support provided covers from trade discovery and risk management, through trade capture to settlement and life-cycle management. In addition to this Derivatives IT provide current valuations, risk and detailed information to the reporting functions of Product Control, Credit Risk, Market Risk, Financial Control, Collateral, Client Statements, Treasury, etc for detailed reporting of positions.

Key activities include:

·         Support tools for traders including pricing, discovery, analytics, new valuation methodologies and new market data

·         Tools and infrastructure to manage portfolio risk

·         Generation of risk scenarios

·         Capture and approval of new trades

·         Automatic confirmation and portfolio reconciliation with market counterparts

·         Lifecycle management of events including settlement

Fixed Income IT provides development and support of front, middle and back office applications used by the global OTC derivatives business for interest rate, credit and equity derivatives, options and fund linked products. 

The role is within RiskIT area, working with Primo applications, an in-house developed business-critical global risk applications used primarily by the Interest Rate Derivatives desks. The role is for the Expected Positive Exposure (EPE) project, a Basel III driven RWA reduction initiative.

The successful candidate will be part of a team of developers tasked with designing, developing and delivering functionalities specific for the EPE project. The role will require interaction with the front office, credit risk (CRO IT), and product control areas, so communication as well as technical skills are important to succeed. While we will be primarily focussed on hiring a development team, candidates with specific experience in Support, QA, and Infrastructure will also be considered since the global team also contains these functions.

The candidate would be expected to:

·         Possess a desire to learn the Fixed Income and Derivatives business

·         Embrace interaction with business groups (e.g. traders, quantitative analysts) and other IT teams

·         Design and implement new functionalities in Primo

·         Ad-hoc system analysis and investigation – problem solving

·         Take ownership

·         Communicate design ideas and take part in peer reviews

·         Utilize Test Driven and Agile development techniques

·         Participate actively and constructively in team discussions

·         Understand the current applications and business processes, identify extensions and new functionality