Senior Python Developer, Market Risk Technology

at Bank of America
Published August 29, 2021
Location Jersey City, NJ
Category Default  
Job Type Full-time  

Description

Job Description:

 Responsible for designing and developing complex requirements to accomplish business goals. Ensures that software is developed to meet functional, non-functional, and compliance requirements. Ensures solutions are well designed with maintainability/ease of integration and testing built-in from the outset. Possess strong proficiency in development and testing practices common to the industry, and have extensive experience of using design and architectural patterns. At this level, specializations start to form in either Architecture, Test Engineering or DevOp. Contributes to story refinement/defining requirements. Participates and guides team in estimating work necessary to realize a story/requirement through the delivery lifecycle. Performs spike/proof of concept as necessary to mitigate risk or implement new ideas. Codes solutions and unit tests to deliver a requirement/story per the defined acceptance criteria and compliance requirements. Utilizes multiple architectural components (across data, application, business) in design and development of client requirements. Assists team with resolving technical complexities involved in realizing story work. Designs/develops/modifies architecture components, application interfaces, and solution enablers while ensuring principal architecture integrity is maintained. Designs/develops/maintains automated test suites (integration, regression, performance). Sets up and develops a continuous integration/continuous delivery pipeline. Automates manual release activities. Mentors other Software Engineers and coaches team on CI-CD practices and automating tool stack. Individual contributor.

Risk Technology (RT):

  • Believes diversity makes us stronger so we can reflect, connect and meet the diverse needs of our clients and employees around the world.
  • Is committed to building a workplace where every employee is welcomed and given the support and resources to perform their jobs successfully.
  • Wants to be a great place for people to work and strives to create an environment where all employees have the opportunity to achieve their goals.
  • Provides continuous training and development opportunities to help employees achieve their career goals, whatever their background or experience.
  • Is committed to advancing our tools, technology, and ways of working to better serve our clients and their evolving business needs.
  • Believes in responsible growth and is dedicated to supporting our communities by connecting them to the lending, investing and giving them what they need to remain vibrant and vital.

Job Responsibilities:

  • Focus on developing new methodologies to calculate VAR and enhancing the existing functionality.
  • Work on the proprietary hybrid approach to calculating VAR which involves both the historical and the parametric models.
  • Work with a team of software developers focused on implementing Risk Calculation Models and a reporting framework and should be able to fit into Agile team.
  • Interface with Risk Managers/Business Analyst and Middle office business users to gather requirements for enhancements and new features in the system.
  • Coordinate the software development and testing efforts (SDLC cycle) including release and post release support as required.
  • Perform risk methodology enhancements and infrastructural enhancements.
  • Develop frameworks for calculating Risk Metrics and for porting the system from a legacy Java platform to a strategic firm-wide platform in Python.

Required Skills:

  • 7+ years of IT experience in developing enterprise level applications with Object Oriented Analysis and Design concepts.
  • 5+years in financial domain applications.(Market Risk, Equities, Options, Fixed-Income, Prime Service, Securities Lending)
  • Java, Python, Oracle, SQL Querying, Netezza Technologies.
  • Sailfish, Sybase, Shell Scripting, Linux Technologies.

Desired Skills:

  • Experience with risk calculations and models used in market risk.
  • Experience with implementing highly concurrent systems using the Java concurrency framework.
  • Knowledge of how different financial products and their derivatives work, along with their pricing.
  • Master’s degree in Engineering or related field.

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0 -->

Job Description:

 Responsible for designing and developing complex requirements to accomplish business goals. Ensures that software is developed to meet functional, non-functional, and compliance requirements. Ensures solutions are well designed with maintainability/ease of integration and testing built-in from the outset. Possess strong proficiency in development and testing practices common to the industry, and have extensive experience of using design and architectural patterns. At this level, specializations start to form in either Architecture, Test Engineering or DevOp. Contributes to story refinement/defining requirements. Participates and guides team in estimating work necessary to realize a story/requirement through the delivery lifecycle. Performs spike/proof of concept as necessary to mitigate risk or implement new ideas. Codes solutions and unit tests to deliver a requirement/story per the defined acceptance criteria and compliance requirements. Utilizes multiple architectural components (across data, application, business) in design and development of client requirements. Assists team with resolving technical complexities involved in realizing story work. Designs/develops/modifies architecture components, application interfaces, and solution enablers while ensuring principal architecture integrity is maintained. Designs/develops/maintains automated test suites (integration, regression, performance). Sets up and develops a continuous integration/continuous delivery pipeline. Automates manual release activities. Mentors other Software Engineers and coaches team on CI-CD practices and automating tool stack. Individual contributor.

Risk Technology (RT):

  • Believes diversity makes us stronger so we can reflect, connect and meet the diverse needs of our clients and employees around the world.
  • Is committed to building a workplace where every employee is welcomed and given the support and resources to perform their jobs successfully.
  • Wants to be a great place for people to work and strives to create an environment where all employees have the opportunity to achieve their goals.
  • Provides continuous training and development opportunities to help employees achieve their career goals, whatever their background or experience.
  • Is committed to advancing our tools, technology, and ways of working to better serve our clients and their evolving business needs.
  • Believes in responsible growth and is dedicated to supporting our communities by connecting them to the lending, investing and giving them what they need to remain vibrant and vital.

Job Responsibilities:

  • Focus on developing new methodologies to calculate VAR and enhancing the existing functionality.
  • Work on the proprietary hybrid approach to calculating VAR which involves both the historical and the parametric models.
  • Work with a team of software developers focused on implementing Risk Calculation Models and a reporting framework and should be able to fit into Agile team.
  • Interface with Risk Managers/Business Analyst and Middle office business users to gather requirements for enhancements and new features in the system.
  • Coordinate the software development and testing efforts (SDLC cycle) including release and post release support as required.
  • Perform risk methodology enhancements and infrastructural enhancements.
  • Develop frameworks for calculating Risk Metrics and for porting the system from a legacy Java platform to a strategic firm-wide platform in Python.

Required Skills:

  • 7+ years of IT experience in developing enterprise level applications with Object Oriented Analysis and Design concepts.
  • 5+years in financial domain applications.(Market Risk, Equities, Options, Fixed-Income, Prime Service, Securities Lending)
  • Java, Python, Oracle, SQL Querying, Netezza Technologies.
  • Sailfish, Sybase, Shell Scripting, Linux Technologies.

Desired Skills:

  • Experience with risk calculations and models used in market risk.
  • Experience with implementing highly concurrent systems using the Java concurrency framework.
  • Knowledge of how different financial products and their derivatives work, along with their pricing.
  • Master’s degree in Engineering or related field.

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:
 Responsible for designing and developing complex requirements to accomplish business goals. Ensures that software is developed to meet functional, non-functional, and compliance requirements. Ensures solutions are well designed with maintainability/ease of integration and testing built-in from the outset. Possess strong proficiency in development and testing practices common to the industry, and have extensive experience of using design and architectural patterns. At this level, specializations start to form in either Architecture, Test Engineering or DevOp. Contributes to story refinement/defining requirements. Participates and guides team in estimating work necessary to realize a story/requirement through the delivery lifecycle. Performs spike/proof of concept as necessary to mitigate risk or implement new ideas. Codes solutions and unit tests to deliver a requirement/story per the defined acceptance criteria and compliance requirements. Utilizes multiple architectural components (across data, application, business) in design and development of client requirements. Assists team with resolving technical complexities involved in realizing story work. Designs/develops/modifies architecture components, application interfaces, and solution enablers while ensuring principal architecture integrity is maintained. Designs/develops/maintains automated test suites (integration, regression, performance). Sets up and develops a continuous integration/continuous delivery pipeline. Automates manual release activities. Mentors other Software Engineers and coaches team on CI-CD practices and automating tool stack. Individual contributor.

Risk Technology (RT):

  • Believes diversity makes us stronger so we can reflect, connect and meet the diverse needs of our clients and employees around the world.
  • Is committed to building a workplace where every employee is welcomed and given the support and resources to perform their jobs successfully.
  • Wants to be a great place for people to work and strives to create an environment where all employees have the opportunity to achieve their goals.
  • Provides continuous training and development opportunities to help employees achieve their career goals, whatever their background or experience.
  • Is committed to advancing our tools, technology, and ways of working to better serve our clients and their evolving business needs.
  • Believes in responsible growth and is dedicated to supporting our communities by connecting them to the lending, investing and giving them what they need to remain vibrant and vital.

Job Responsibilities:

  • Focus on developing new methodologies to calculate VAR and enhancing the existing functionality.
  • Work on the proprietary hybrid approach to calculating VAR which involves both the historical and the parametric models.
  • Work with a team of software developers focused on implementing Risk Calculation Models and a reporting framework and should be able to fit into Agile team.
  • Interface with Risk Managers/Business Analyst and Middle office business users to gather requirements for enhancements and new features in the system.
  • Coordinate the software development and testing efforts (SDLC cycle) including release and post release support as required.
  • Perform risk methodology enhancements and infrastructural enhancements.
  • Develop frameworks for calculating Risk Metrics and for porting the system from a legacy Java platform to a strategic firm-wide platform in Python.

Required Skills:

  • 7+ years of IT experience in developing enterprise level applications with Object Oriented Analysis and Design concepts.
  • 5+years in financial domain applications.(Market Risk, Equities, Options, Fixed-Income, Prime Service, Securities Lending)
  • Java, Python, Oracle, SQL Querying, Netezza Technologies.
  • Sailfish, Sybase, Shell Scripting, Linux Technologies.

Desired Skills:

  • Experience with risk calculations and models used in market risk.
  • Experience with implementing highly concurrent systems using the Java concurrency framework.
  • Knowledge of how different financial products and their derivatives work, along with their pricing.
  • Master’s degree in Engineering or related field.

Shift:

1st shift (United States of America)

Hours Per Week: 

40