Software Engineer [Multiple Positions Available]

JPMorgan Chase & Co. • Jersey City, NJ

5h • Onsite

About The Position

Duties: Develop consistent and opinionated architecture for generating cross-line of Business (LOB) Intraday Risk, End-of-Day (EOD) Risk, and Profit and Loss (PnL) reports. Design and implement a cross-LOB risk aggregation and pivoting framework such as Synergy to provide efficient real time presentation of risk views to client applications. Coordinate with the global development team and participate in application development, including gathering requirements, specification, project planning, and release management of RiskPivot and Flashing to support Risk and Pnl Management and real-time reporting requirements. Work closely with both Line of Business Quantitative Research (LOB QR) and Quantitative Risk Analytics and Architecture (QRAA) teams to integrate strategic Financial Network risk models into Vita for both Risk and PnL. Facilitate the Athena adoption program for Credit intraday risk. Engage and commit to cross-LOB migration to RAPPS as the solution for real-time risk aggregation and presentation of risk views to client interfaces. Oversee Intraday Risk to ensure real-time monitoring and mitigation of potential financial exposures, implementing and executing risk pivoting strategies to adapt to changing market conditions and optimize risk management processes. Enhance and support Front Office Supervision and Prudential Regulation Authority to enable supervisors to monitor trading risk throughout the day through risk limits and intraday alerts.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Computer Science, Applied Computer Science, Engineering, or related field of study plus 3 years (36 months) of experience in the job offered or as Software Engineer, Applications Developer, IT Consultant, Java Developer, or related occupation. The employer will alternatively accept a Bachelor's degree in Computer Science, Applied Computer Science, Engineering, or related field of study plus 5 years (60 months) of experience in the job offered or as Software Engineer, Applications Developer, IT Consultant, Java Developer, or related occupation.
Skills Required: This position requires experience with the following: utilizing risk methodologies used by credit trading desk including Credit Value Adjustment (CVA) and stress testing to effectively assess and manage credit risk exposure ensuring compliance with regulatory requirements and optimizing risk-adjusted returns; utilizing risk sensitives used by credit trading desk such as Delta, Gamma, Vega, or credit spread sensitivities, to accurately measure and manage the impact of market movements on credit portfolios; building large scale distributed systems for real-time and end of day risk generation; utilizing advanced computing frameworks and technologies including Realtime data streaming based on in- memory cache and queue based framework, distributed parallel computing technologies, microservices driven load balances architecture with sustained resiliency capability to ensure high availability, scalability, and performance, enabling timely and accurate risk assessment and reporting across diverse financial instruments and portfolios; utilizing fixed income markets with credit products, including corporate bonds, credit default swaps (CDS), CDS indices, structured loan, ETF, Bond credits and loans; working closely with front office teams and quantitative research departments to enhance and update risk applications, integrating advanced quantitative models and aligning risk tools with business objectives; investigating pricing and risk anomalies in real-time and end-of-day risk reports working collaboratively with cross-functional teams to enhance the effectiveness of risk reporting processes; developing technology solutions to support complex risk and pricing models; utilizing derivatives analytics encompassing Mark-to-Market valuation, CR01 and CSW10 (credit spread widening measures), 5-year equivalent calculations, and Default Exposure to zero and Recovery analysis; and conducting detailed Profit & Loss explanations providing insights into the financial performance and risk exposure of derivative portfolios.

Requirements

• Master's degree in Computer Science, Applied Computer Science, Engineering, or related field of study plus 3 years (36 months) of experience in the job offered or as Software Engineer, Applications Developer, IT Consultant, Java Developer, or related occupation. The employer will alternatively accept a Bachelor's degree in Computer Science, Applied Computer Science, Engineering, or related field of study plus 5 years (60 months) of experience in the job offered or as Software Engineer, Applications Developer, IT Consultant, Java Developer, or related occupation.
• Utilizing risk methodologies used by credit trading desk including Credit Value Adjustment (CVA) and stress testing to effectively assess and manage credit risk exposure ensuring compliance with regulatory requirements and optimizing risk-adjusted returns
• Utilizing risk sensitives used by credit trading desk such as Delta, Gamma, Vega, or credit spread sensitivities, to accurately measure and manage the impact of market movements on credit portfolios
• Building large scale distributed systems for real-time and end of day risk generation
• Utilizing advanced computing frameworks and technologies including Realtime data streaming based on in- memory cache and queue based framework, distributed parallel computing technologies, microservices driven load balances architecture with sustained resiliency capability to ensure high availability, scalability, and performance, enabling timely and accurate risk assessment and reporting across diverse financial instruments and portfolios
• Utilizing fixed income markets with credit products, including corporate bonds, credit default swaps (CDS), CDS indices, structured loan, ETF, Bond credits and loans
• Working closely with front office teams and quantitative research departments to enhance and update risk applications, integrating advanced quantitative models and aligning risk tools with business objectives
• Investigating pricing and risk anomalies in real-time and end-of-day risk reports working collaboratively with cross-functional teams to enhance the effectiveness of risk reporting processes
• Developing technology solutions to support complex risk and pricing models
• Utilizing derivatives analytics encompassing Mark-to-Market valuation, CR01 and CSW10 (credit spread widening measures), 5-year equivalent calculations, and Default Exposure to zero and Recovery analysis
• Conducting detailed Profit & Loss explanations providing insights into the financial performance and risk exposure of derivative portfolios.

Responsibilities

• Develop consistent and opinionated architecture for generating cross-line of Business (LOB) Intraday Risk, End-of-Day (EOD) Risk, and Profit and Loss (PnL) reports.
• Design and implement a cross-LOB risk aggregation and pivoting framework such as Synergy to provide efficient real time presentation of risk views to client applications.
• Coordinate with the global development team and participate in application development, including gathering requirements, specification, project planning, and release management of RiskPivot and Flashing to support Risk and Pnl Management and real-time reporting requirements.
• Work closely with both Line of Business Quantitative Research (LOB QR) and Quantitative Risk Analytics and Architecture (QRAA) teams to integrate strategic Financial Network risk models into Vita for both Risk and PnL.
• Facilitate the Athena adoption program for Credit intraday risk.
• Engage and commit to cross-LOB migration to RAPPS as the solution for real-time risk aggregation and presentation of risk views to client interfaces.
• Oversee Intraday Risk to ensure real-time monitoring and mitigation of potential financial exposures, implementing and executing risk pivoting strategies to adapt to changing market conditions and optimize risk management processes.
• Enhance and support Front Office Supervision and Prudential Regulation Authority to enable supervisors to monitor trading risk throughout the day through risk limits and intraday alerts.

Benefits

• We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location.
• Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions.
• We also offer a range of benefits and programs to meet employee needs, based on eligibility.
• These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more.
• We are an equal opportunity employer and place a high value on diversity and inclusion at our company.
• We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs.

What This Job Offers

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