Senior Credit Derivative Developers in New York, NY

DescriptionOur client, one of the largest financial firms, is seeking a Java Developer.Location: New York, NYType of Position: ContractThe Credit Business has been totally transformed at Client over the 2008-9 period; new management has been in place for 18 months, and the strategy and direction is clear and unambiguous. Client has always had one of the largest Fixed Income businesses in the world, and 2009 has seen the Credit business double forecasted revenues and compete aggressively with other financial firms. Similarly over the last 2 years the technology team has undergone a similar transformation; a single strategy is now in place across Short Term, Loans, Flow/Distressed, Emerging Markets and Structured Credit businesses and technology teams. Much of the ground work has been done, and the team are beginning to deliver specific components of the framework, independently and seamlessly. We are looking for exceptional engineers, across a number of areas, who have the intellect, dynamism and delivery track record to allow us to replace the majority of the technology landscape at Client over the course of the 2010-12 period. This makes Client one of the few green-field development opportunities remaining in Credit Derivatives today. However, a background in Credit Derivatives is not essential for these opportunities; in many ways the lack of standardization in Fixed Income and Credit Derivative products mean that we are still at a significant disadvantage to the more, more standard businesses, for example Equity Derivatives and Hybrids. We are actively seeking candidates with such backgrounds, who can help close the gap within the Credit Derivatives space, and actively drive the Business and Technology strategy in the right direction. Candidates require 3 years-plus experience in one of the following businesses/product lines- Hybrids- Equity Derivatives- Rates Exotics- Credit Derivatives 3 years-plus experience in one of the following functions- Risk Computation- Risk Aggregation- Exotics Trade Capture- Transaction/Lifecycle Management- Real Time Pricing- eTradaing And finally 3 years-plus in one of the following technologies- Java/FpML/SQL- .NET/C#- XL/VBA Experience must have been gained in a n-tier/Client Server environment with multiple development teams, preferably across multiple locations and NOT as development with a stand-alone application, with a single small team.
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