Senior Java Spark Developer - Market Risk

Rose International
Jersey City, NJ, United States
26 days ago
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Role details

Contract type
Temporary contract
Employment type
Full-time (> 32 hours)
Experience level
Expert
Experience required
8 years minimum
Compensation
$187,200.0 - $208,000.0
Working hours
Regular working hours
Job source

Tech stack

Java (Programming Language) Agile Methodology Data Analysis Computing Platforms Big Data Unix Cloud Engineering Data Infrastructure Data Structures Software Design Patterns Linux DevOps
+15 more
Distributed Systems Document-Oriented Databases Python (Programming Language) Object-Oriented Software Development Performance Tuning Redis Software Engineering Scripting Snowflake Apache Spark Spring-boot Backend Containerization Data Management Microservices

Job description

We are seeking an expert Senior Java Spark Developer to join our Market Risk Technology team. You will build and optimize distributed, scalable data platforms that compute vital risk analytics, such as Value at Risk (VaR), and stress testing for our global trading portfolios. You will architect big data solutions, drive performance tuning, and partner with quantitative researchers and risk managers.

This is a hands-on Lead Engineer role. The successful candidate will spend a significant portion of their time designing, building, and optimizing Java-based systems, while also providing technical leadership, architectural guidance, and mentorship within the squad. The Market Risk Technology Team develops software to measure and monitor Market Risk and Capital for the Firm’s global portfolio. We are responsible for designing and implementing technological solutions that calculate the Market Risk of the Firm. Our systems support daily risk simulations and analytics that estimate potential losses across multiple time horizons. We work closely with Risk Managers, Market Risk Analytics teams, senior management, and regulatory stakeholders globally. The Market Risk Technology team continually evolves its suite of risk management tools, frameworks, and processes-or builds new ones-to meet a frequently changing business and regulatory landscape. This is a high-visibility, high-impact role that offers the opportunity to shape the future of risk technology at scale, work alongside some of the brightest minds in quantitative finance and technology and make a tangible contribution to the firm’s risk management culture and capabilities., * Deeply hands-on development while leading technical design and implementation of key components of the Market Risk platform.

  • Communicate regularly with product leads across the technology organization and discuss opportunities for improvement to existing and future technology solutions.
  • Implement scalable and high-performance computing solutions for computing market risk & providing analysis capabilities.
  • Implement containerized deployment and integrate with modern data platforms such as Snowflake for cloud-based data processing.
  • Collaborate with cross-functional teams and global counterparts to deliver high-quality solutions.
  • Optimize risk data processing pipelines to improve efficiency and response time
  • Partner with Risk, Model Governance, and Compliance stakeholders to ensure regulatory requirements are accurately implemented in market risk technology.
  • Work in an Agile development environment, ensuring timely and efficient
  • Product delivery.
  • Provide technical leadership and mentorship to junior developers in the squad.

CT1

  • Only those lawfully authorized to work in the designated country associated with the position will be considered.

  • Please note that all Position start dates and duration are estimates and may be reduced or lengthened based upon a client’s business needs and requirements.

Requirements

Must Have Skills/Attributes: Banking/Financial, Big Data, FRTB, Java, Market Risk, Microservices, Software Development, Spark, Spring Boot Experience Desired: Experience in Java, Spark, and large-scale distributed systems development (8+ yrs); Hands-on Java development with Apache Spark in production environments (8+ yrs); Experience in Market Risk, including FRTB/IMA or stress testing (8+ yrs) Required Minimum Education: Bachelor’s Degree Preferred Education: Master’s Degree C2C is not available, * Bachelor’s degree/University degree or equivalent experience

Preferred Education

  • Master’s degree preferred, * Candidates must have experience with Java, Spark, and Market Risk (such as FRTB/IMA or stress testing). This is a senior level position.
  • Java cannot be replaced with Scala or Python. The project is already being built using Java and Spark, so new hires need to work with the existing code.
  • Candidates with strong Spark or Big Data experience are acceptable, as long as they also have hands-on Java experience.
  • Java is the core technology used for this project. Spark applications run in a Java-based environment, so Java knowledge is essential.
  • Candidates with no Java experience cannot be considered, because they won’t be able to work on the existing codebase.
  • Market Risk experience is mandatory. Even if someone has excellent Spark skills, they will not be considered without Market Risk experience.
  • Expert level knowledge of core Java concepts and framework such as Spring Boot, Microservices and well versed with OOPs concepts and design patterns.
  • Hands-on experience with Apache Spark (with Java).
  • Solid understanding of data structures, algorithms, and software design patterns.
  • Extensive development expertise in building the high scaled and performant software platforms for data computation and processing.
  • Knowledge of containerized deployments and cloud-native architecture.
  • Familiarity with Agile software development and DevOps best practices.
  • Experience with caching solutions like Pinot, Redis etc.
  • Experience with relational and/or document-oriented databases.
  • Strong working knowledge of Linux/Unix environments and scripting.
  • Ability to translate business and analytical requirements into efficient technical solutions.
  • Ability to guide junior staff, influence technical direction, and manage multiple initiatives in parallel.
  • Typically, 8+ years of relevant experience building large-scale, production-grade systems, with demonstrated depth in Java-based backend development and distributed system design.
  • Background in financial services, especially within Market Risk or FinTech.
  • Strong problem-solving and analytical thinking.
  • Self-starter with the ability to take initiative and drive projects independently
  • Ability to align technology with business goals and regulatory needs.
  • Excellent communication skills, both verbal and written

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