Application Development Lead, Margin and Risk, Vice President

Citi • Jersey City, NJ

6d • $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 top-tier 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 the team as an Application Development Lead, Margin and Risk, Vice President, based in Jersey City, NJ, USA. Candidates must possess 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 to how Citi Capital Markets manages trading-related risks, including market and counterparty credit risks. Their responsibilities include calculating margin requirements for OTC bilateral derivatives and optimizing these requirements for clients by analyzing offsets across various financial products using models such as VaR, SIMM, and Credit Stress. These teams provide support to traders, salespeople, risk managers, financial controllers, and operations staff.

Requirements

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

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 an advantage.
• Understanding of Risks (Greeks), risk calculation models like VaR/SIMM preferred and ability to work with Quant team is preferred.
• Master's degree is preferred.

Responsibilities

• Provide expertise in the area and advanced knowledge of applications programming, ensuring application design aligns with the overall architecture blueprint.
• Utilize advanced knowledge of system flow to develop standards for coding, testing, debugging, and implementation.
• Develop comprehensive knowledge of how business areas, such as architecture and infrastructure, integrate to achieve business goals.
• Guide the team in establishing design standards to improve the efficiency of the development workflow and product rollout.
• Take ownership of smooth Production release planning and execution.
• Oversee software quality and system modifications.
• Serve as an 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 and management to ensure projects are completed according to application development and governance standards.
• Stay up-to-date with industry trends and developments.
• Resolve a variety of high-impact problems/projects through in-depth evaluation of complex business processes, system processes, and industry standards.
• Appropriately assess risk when making business decisions, 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