Front Office Technology Lead - Commodities & Derivatives

We have an exciting opportunity to manage the DevProx team on a day to day basis and serve as first point of contact between Dev Prox and the business and other IT teams for a Bank based in the City of London. Provide direction and manage key deliveries as per business requirements. Additionally be responsible for organizing and managing business prioritization of deliveries, Ability to communicate at different levels of management.

Working on projects for CM IT DevProx team (PROximity DEVelopment), responsible for providing the business (Commodities Market) with flexible, scalable and tailored user software applications where proximity developments and resources are necessary.

Main stakeholders will include, but not be limited to Front Office (trading, sales and structuring) the team also provides control and support teams where necessary (Middle office, Risk). The role is hands on and will develop and manage some of the projects from initiation to delivery. Main development is around pricing tools, market data internal contribution, risk management tools, reporting tools.

What you will be doing:

Provide technical solution to the business needs and following best practices and standards. Be the driver for change and promote strategic solutions with the view for building for the long term. Shows Urgency on business related issues and manage business expectations

Main Developments:

• Pricing tools for all commodity assets (energy, metals, carbon emission, indexes, gas)
• Market data (real time contribution, end of day,) for the same assets
• Risk reporting (strike maps, scenario reporting)
• Reporting for support function (deal valuation, market data)

The team will also ensure support and maintenance of all its development and work within an agile framework.

Provide the business with software applications:

• Following in house proximity development lifecycle comprising the following step:
• User needs collection and anticipation.
• Analysis of these needs and definition of the required specifications.
• Multiple solutions proposal: where applicable, provide the sponsors with studies comparing the different options and solutions to facilitate strategic decision making.
• Implementation and delivery of retained solutions.
• Support and documentation.
• Bug tracking, continuous software evolution.
• Make recommendations regarding architecture, technologies and IT solutions
• Analysis, problem solving and escalation

Propose new projects to the business, take lead of dev prox topic, covering notably:

• Innovative solutions
• New business, activities and products
• Opportunities for efficiency improvements
• Operational risk reduction

Reporting:

• Timely progress updates to direct management as deemed necessary

As a Team Lead:

• Ensure proper support during trading hours and manage on call support for the desk in US
• Manage the team roster to ensure there is ample support available on site in London during business hours
• Ensure system stability and work towards mitigating operational risk and production outages.

Required and Desired Skills:

• Development & maintenance of IT systems
• Financial markets
• Understanding of derivatives
• Exposure to front-office
• Commodities trading business knowledge (Preferred)