Front Office CREDIT Developer (FIXED INCOME)


Company:: Tuttle Agency
Location:: New York City, NY
Job Type:: Full Time
Category:: Risk Management


Posted:: 2/12/2013

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Job Description

The IT support provided covers from trade discovery and risk management, through trade capture to settlement and life-cycle management. In addition to this Derivatives IT provide current valuations, risk and detailed information to the reporting functions of Product Control, Credit Risk, Market Risk, Financial Control, Collateral, Client Statements, Treasury, etc for detailed reporting of positions.

Fixed Income IT is a fast paced, dynamic environment which supports the firm's P&L and daily work is driven by a combination of new business, regulatory projects and optimization of the environment. Providing solutions to our users in the shortest time involves harnessing the latest technologies, whether this is delivering a new WPF based framework for trader tools allowing transparent sharing and integration of market objects.
What do we do?

Key activities include:
• Support tools for traders including pricing, discovery, analytics, new valuation methodologies and new market data
• Tools and infrastructure to manage portfolio risk
• Generation of risk scenarios
• Capture and approval of new trades
• Automatic confirmation and portfolio reconciliation with market counterparts
• Lifecycle management of events including settlement
Fixed Income IT provides development and support of front, middle and back office applications used by the global OTC derivatives business for interest rate, credit and equity derivatives, options and fund linked products.
The role is within Fixed Income Credit IT Risk & PnL, working with developed business-critical global risk applications used primarily by the Credit Derivatives and Emerging Markets desks. The role will entail working on the FID Rationalization project in the Strategic Risk Program.
The successful candidate will be part of a team of developers tasked with designing, developing and delivering functionalities specific for this project and other deliverables to the Credit and Emerging Markets business. The role will require interaction with the Front Office as well as IT, Finance, Operations, Quants and Product.
The candidate needs to exhibit strategic thinking and be delivery focused, as well as have excellent time/task management, analysis skills and product knowledge. Excellent communications skills (both written and oral) are required as well as the ability to work with a diverse team.
The candidate would be expected to:
Possess a desire to learn the Fixed Income and Derivatives business
Embrace interaction with business groups (e.g. traders, quantitative analysts) and other IT teams
Design and implement new functionalities in our risk systems
Ad-hoc system analysis and investigation - problem solving
Take ownership, communicate design ideas and take part in peer reviews
Utilize Test Driven and Agile development techniques
Participate actively and constructively in team discussions
Understand the current applications and business processes, identify extensions and new functionality
We actively encourage mobility across teams and offer opportunities for cross training in both roles and technology.
Travel may be required at times

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