Senior Software Engineer

End Date

We Support Flexible Working – Click here for more information on flexible working options

Flexible Working Options

Hybrid Working

Job Description Summary

• What you'll do…
• Lead the design, optimisation, and ongoing evolution of the bank's Market Risk calculation and reporting platform, supporting Historical Simulation VaR, Stressed VaR (sVaR), intraday risk, and regulatory reporting requirements.
• Architect and optimise large-scale cloud-native risk data platforms, ensuring the timely, accurate, and resilient production of risk measures across billions of records and multiple asset classes.
• Partner with Market Risk, Quantitative Analytics, Trading, and Technology teams to translate mathematical and regulatory requirements into scalable production solutions.
• Provide technical leadership for strategic platform modernisation initiatives, including risk engine simplification, cloud migration, performance improvement, data platform optimisation, and operational resilience enhancements.
• Act as a senior delivery lead and subject matter expert, guiding agile delivery teams, managing complex dependencies, and ensuring successful execution of business-critical risk programmes.

• Location: Hyderabad
• Mode: Hybrid
• YOE: 9-14 years

Job Description

Critical Skills Required…

Market Risk Domain Expertise & Quantitative Expertise

• •Advanced Risk Engine SME: Extensive experience analysing, designing, and optimising massive Historical-Simulation VaR and Stressed VaR (sVaR) engines. Deep domain knowledge of risk sensitivities, standalone versus contributory VaR reporting, and intraday VaR calculation methodologies.
• •Complex Model Migration & Proxying: Proven track record of executing complex risk model migrations, specifically transitioning from broad sector, seniority, and ratings-based averages to precise, granular ISIN-driven approaches using sophisticated proxy methodologies for incomplete market data.
• •Regulatory & Benchmark Transition: Direct experience navigating major structural and regulatory market shifts, such as IBOR/RFR transitions, and delivering mandated changes, including FDSF — Firm Data Submission Framework — into core risk systems without disrupting production SLAs.

High-Performance Risk Architecture & Cloud-Native Data Platforms

• •Deep SQL Server and Azure SQL Hyperscale expertise , including performance tuning, execution plan analysis, partitioning, clustered column store optimisation across billions of rows, ETL architecture, and large-scale analytical processing.
• •Front-to-Back Cross-Asset Platform Integration: Technical familiarity with core enterprise trading, valuation, and risk platforms, specifically Murex and Summit, including STP pipeline configuration, MUST functionality for complex structured derivatives, cross-entity ledger migrations, and front-to-back valuation and risk reconciliations.

Strategic Delivery Leadership & Tactical Execution

Bridges Quants, Risk, and Core IT: Exceptional ability to drill into the underlying mathematics of a VaR change alongside Risk Managers and Quants, translate those needs into precise technical requirements, and build the automated integrity tools required for robust release testing.