Application Development Lead, Margin and Risk, Vice President

Citi • Jersey City, NJ

1d • $142,320 - $213,480 • Onsite

About The Position

Equities Technology at Citi is undergoing a significant transformation to establish a premier global platform for execution, prime brokerage, clearing, and cross-product margining. The goal is to re-engineer the technology infrastructure to achieve superior performance and resilience, enabling advanced execution capabilities, global market connectivity, and modernized post-trade, clearing, and margin processes. The vision is to create an integrated, highly automated platform that enhances client outcomes and drives growth. This role involves close collaboration with skilled engineers and business/product partners to shape and deliver the future of Equities technology at Citi. The position is for a high-caliber professional to join as Application Development Lead, Margin and Risk, Vice President, based in Jersey City, NJ, USA, requiring experience in Margin and/or Risk.

The Cross Asset Margin technology teams are responsible for developing and enhancing cooperative, strategic systems and services that are regulatory-driven and critical for managing trading risks, including market and counterparty credit risks. This includes calculating margin requirements for OTC bilateral derivatives and optimizing them through offsets across various financial products using models like VaR, SIMM, and Credit Stress. The team supports traders, salespeople, risk managers, financial controllers, and operations staff.

Requirements

• 6-10 years of relevant experience in Apps Development role with hand on coding
• Demonstrated thought leadership in designing complex and distrusted systems
• In depth knowledge of Java, Spring, Kafka, Distributed Cache/Systems (e.g. Apache Ignite)
• Hands on experience on relational databases like Oracle
• Experience with building applications on cloud platform such as Docker, Kubernetes or OpenShift
• Proven implementation of design pattern and enterprise level architecture
• Strong analytical, troubleshooting and problem-solving skills
• Excellent verbal and written communication skills
• Able to work independently and as part of a team
• Able to multi-task and prioritize tasks effectively.
• Strong organizational and project management skills

Nice To Haves

• Any experience with NoSQL databases like MongoDB is preferred
• Experience with Python is preferred
• Great exposure to microservices architecture. API first design thinking and implementation using Rest, websocket and gRPC
• UI tech stack knowledge will be advantage
• Understanding of Risks (Greeks), risk calculation models like VaR/SIMM preferred and ability to work with Quant team is preferred.

Responsibilities

• Provide expertise in area and advanced knowledge of applications programming and ensure application design adheres to the overall architecture blueprint.
• Utilize advanced knowledge of system flow and develop standards for coding, testing, debugging, and implementation.
• Develop comprehensive knowledge of how areas of business, such as architecture and infrastructure, integrate to accomplish business goals.
• Guide team to establish design standard, improving efficiency of development workflow and product rollout.
• Take ownership of smooth Production releases planning and execution.
• Oversee software quality and system modifications.
• Serve as advisor or coach to mid-level developers and analysts, allocating work as necessary.
• Analyze existing operations to identify risks and redundancies.
• Conduct comprehensive assessments to develop solutions.
• Liaise with team members, management to ensure projects are completed to application development and governance standard.
• Keep up-to-date with industry trends and developments.
• Resolve variety of high impact problems/projects through in-depth evaluation of complex business processes, system processes, and industry standards.
• Appropriately assess risk when business decisions are made, demonstrating consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Benefits

• medical, dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• wellness programs
• paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level