Market Risk Developer (Java/Python + Spark)

Global Financial Firm located in Jersey City, NJ has an immediate contract opportunity for an experienced Market Risk Developer (Java/Python + Spark).

Pay Rate: $84.00 - $89.00 per hour

• Work Mode: Hybrid
• Location: Jersey City, NJ

Responsibilities:

• Engage in hands-on development while leading the technical design and implementation of key components of the Market Risk platform.
• Communicate with product leads to discuss opportunities for improving existing and future technology solutions.
• Implement scalable and high-performance computing solutions for computing market risk and providing analysis capabilities.
• Implement containerized deployment and integrate with modern data platforms such as Snowflake for cloud-based data processing.
• Collaborate with cross-functional teams and global counterparts to deliver high-quality solutions.
• Optimize risk data processing pipelines to improve efficiency and response time.
• Partner with Risk, Model Governance, and Compliance stakeholders to ensure regulatory requirements are accurately implemented in market risk technology.
• Work in an Agile development environment, ensuring timely and efficient product delivery.
• Provide technical leadership and mentorship to junior developers in the squad.

Requirements:

• Expert-level knowledge of core Java concepts and frameworks such as Spring Boot and Microservices, with a strong understanding of OOPs concepts and design patterns.
• Hands-on experience with Apache Spark (with Java).
• Solid understanding of data structures, algorithms, and software design patterns.
• Extensive development expertise in building high-scaled and performant software platforms for data computation and processing.
• Knowledge of containerized deployments and cloud-native architecture.
• Familiarity with Agile software development and DevOps best practices.
• Experience with caching solutions like Pinot, Redis, etc.
• Experience with relational and/or document-oriented databases.
• Strong working knowledge of Linux/Unix environments and scripting.
• Ability to translate business and analytical requirements into efficient technical solutions.
• Ability to guide junior staff, influence technical direction, and manage multiple initiatives in parallel.
• Minimum 8 years of relevant experience building large-scale, production-grade systems, with demonstrated depth in Java-based backend development and distributed system design.
• Background in financial services, especially within Market Risk or FinTech.

Preferred Skills:

• Strong problem-solving and analytical thinking.
• Self-starter with the ability to take initiative and drive projects independently.
• Ability to align technology with business goals and regulatory needs.
• Excellent communication skills, both verbal and written.

Education:

• Bachelor’s degree/University degree or equivalent experience
• Master’s degree preferred