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Risk Technology RACS Agile Developer

Job Description

Risk Technology RACS Agile Developer

Glasgow Technology Centre

Risk & Finance Technology 

 

Business Area Description

Risk Technology drives and executes the technology agenda for several Risk Management groups:

  • Operational Risk Management across the entire Firm

  • Credit Risk Management across the Wholesale Bank

  • IB Market Risk

  • Country Risk

 

System Description

The Risk Analysis and Control System (RACS) is a Risk platform used by the Market Risk group to protect the firm from losses in our Equity Prime Brokerage, Broker Dealer Services and Private Bank business lines.  Furthermore, RACS is used to set clients’ leverage limits based on the risks inherent in each portfolio which ensures that margin requirements accurately reflect the risk for various hedging techniques. Initially RACS was developed for the Equity Prime Brokerage and more recently extended to support the Private Bank.  The risk in each portfolio is enumerated primarily through Stress Testing and secondarily through Value at Risk (VaR).

  • Stress Testing – A risk measure that simulates the loss to a portfolio over a range of extreme market scenarios.  These are represented in terms of shocks to price, volatility, credit spread, etc.

  • Value at Risk (Prime Brokerage Only) – A statistical risk measure of the market risk of a portfolio using probabilities based upon confidence level (e.g. 99%) and time horizon (e.g. 1Day).

    • In addition, the stress results are combined with our dimensions (Country, Industry, and Sector) and the results are aggregated as part of their daily risk management.

    • Financial products that will be supported by the platform include cash securities, interest rate, foreign exchange, equity derivatives, commodities, and credit derivatives (both exchange traded and over the counter).

 

The Team

The development team is based across Glasgow, Bangalore and New York. The Glasgow team works very closely with business colleagues in Bangalore and New York.

 

Role and Responsibilities

We are looking for a developer with experience in Java and Oracle to join our development team.

The successful candidate will:

- Develop our software in an agile environment using continuous integration.

- Actively seek and contribute to process improvements with the development team.

- Create unit tests, support the software and release to production.

- Be comfortable working closely with a geographically distributed development and planning team.

- Contribute to Big Data proof of concept efforts on Hadoop and Apache Spark

- Gain expertise in risk technology and particularly the stress framework business area.

Qualifications

- Minimum of Bachelor’s degree or equivalent.

Essential Skills

- Strong Development skills - Java / Oracle

- Good SQL Skills, ability to understand and create complex queries

- Strong Object Oriented analysis, design and development skills

- Focused on quality, testing and production implementation

- Understanding of Object Oriented Design/Analysis concepts.

- Strong understanding of the SDLC, experiences with Agile methodologies a plus.

 

Desirable Skills

- Financial Domain Knowledge ( experience on Banks will be preferred )

- JMS , UI Enhancements Skills

- Java Tools – Eclipse etc.

- Experience in working in an Agile Environment.

- Toad , SQL Developer , Sql plus

- Unix,  Shell scripting

- Interest in Big Data technologies, Hadoop and Apache Spark

Req #: 160038373
Location: Glasgow, SCT GB
Job Category: Technology
Employment Type: Full Time
Potential Referral Amount: Pound Sterling (GBP)

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