Application Development XVA in City of London

Here at SMBC Group, we want to help you find the next step in your career so read on to discover if this opportunity is the one for you. We like to recognise potential in our people, so we welcome your application even when your experience doesn't perfectly align with the job description. Whilst we'll always strive to be better, we're proud of our inclusive culture, and encourage our applicants and colleagues to be their authentic, unique selves.

United by a sense of purpose towards our customers - to be a trusted partner for the long-term - and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future.

This software developer role is part of the XVA (X-Value Adjustment) development team to build and maintain the suite of XVA simulations, applications and tools. The role sits within the ITSD Business Platforms and is part of the XVA workstream of the Sales & Trading Team.

• Work with business teams, product managers, and other stakeholders to understand business requirements.
• Have excellent communication skills; Ability to articulate points and summarise or explain technical concepts or issues.
• Must be a good team player to work collaboratively with multiple teams across global offices and have the maturity to solve problems directly and independently.
• Have a strong work ethic.
• Ability to multi-task and prioritise work with a focus on delivery.
• Participate in periodic development meetings to align development priorities and objectives, tasks, and share knowledge and experiences with teammates.
• Assist in the training and mentoring of other development team members.
• Experience working with technology vendors to deploy product solutions.
• Experience of working in global teams working on Agile delivery framework.

The developer will work closely with the XVA desk, other trading desks, research department, as well as middle or back-office teams across multiple regions.

• Compile business requirements and translate them into technical specifications for development.
• Take responsibilities of supporting both the in-house and external software solutions for the daily XVA analysis.
• Troubleshoot any issue with the production environment to ensure that we meet the SLAs.
• Work collaboratively with business to assist and provide answers to Credit Risk analysis related enquiries.
• Keep improving software performance, business processes and operational efficiency.
• Take responsibility for mission critical projects and provide technical support of the development environment, architecture, implementation and operations.

Educated to degree level in Computer Science or similar engineering degree. Extensive background within the required relevant experience. Practical work experience involving system architecture and software application and message/data transfer and processing. Be well-versed in software implementation. Proficient expert in programming language C/C++ (essential must have), C# (good to have), Python (must have); ability to automate processes via scripting language(s). Have a solid background and work experience with mathematical finance and strong analytical and quantitative skills, especially areas such as Interest Rate Derivatives, XVA, and Credit Risk. Preference will be given to candidates with previous experience working within the XVA family (e.g. CVA, DVA, FVA, KVA or MVA).

Exhibit functional understanding of application development planning processes such as Agile, Scrum, and DevOps and change management and testing procedures. Strong solid analytical skills for diagnosing and troubleshooting potential system issues; Sharp mind to process solution with quick turn-around. Show understanding of technical, infrastructure, data, and security requirements of developed solutions and ability to translate into adequate technical specifications and guidelines. Advanced understanding of current recovery solutions and high availability architectures.

There will at times the need to balance project work, BAU and support tasks so utilising their time efficiently will be key.

For all the expertise and experience you bring to help us make a difference, it's only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-being and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members' perspectives and contributions are valued.

• Hybrid and flexible working
• Competitive paid leave days
• Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance
• Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services
• Access a wide range of learning and development opportunities and career progression opportunities
• Ambitious remuneration package

We recognise our role as a bank to support social change and welcome all applications, including those from groups often under-represented in financial services. We value the uniqueness of professional and personal backgrounds and perspectives as they play a vital role in continuing the sustainable growth of our organisation. We'll ensure reasonable adjustments to our recruitment process are offered due to a disability or long-term condition whenever requested. We are committed to transparent and equitable pay practices. Compensation is determined using objective criteria, including skills, experience, and role responsibilities, and applied consistently throughout our recruitment processes. We do not request candidates' pay history and are committed to preventing unjustified pay disparities.