Software Engineer - Risk

DRW • Full-time • Chicago, New York • $150k - $175k / year • 2w ago

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.

The UP - Risk team is looking for an outstanding Software Engineer with diverse technical and interpersonal skills to join us in the next step of our development as we significantly expand our technical capabilities, enabling us to have an even greater impact across the firm. This team builds and maintains services which:

calculate portfolio sensitivities and value-at-risk (VaR) across many asset classes
predict theoretical market outcomes based on user-defined what-if scenarios
return risk reports for any time horizon

We collaborate closely with risk managers and trading desks to measure option and rate sensitivities and create applications to monitor, manage, and report analytic measures. While previous experience in the trading and finance industry is beneficial, we're looking for talented software engineers with or without industry-specific expertise.

Responsibilities:

Designing, developing and maintaining greenfield and legacy API, service, and application platforms
Testing at the unit, functional, and integration level
Code in multiple languages, paradigms, and platforms
Collaborating with various business, development, IT, and trading support teams
Provide on-call support as part of our team-wide rotation
Keep open communication with our users for support, testing, and ensuring understanding of their needs

Qualifications:

Experience with financial terminology, VaR methodology, multiple varieties of analytic measures
Designing software for detail-oriented but non-technical finance users
Fluent in functional, object-oriented, or imperative programming languages
Competent in distributed version control, CI/CD, Docker, and Kubernetes

Familiarity with:

One of the following programming languages: Elixir, Python, Java, C#, C++, Rust
One of the following data formats: Parquet, Delta Lake, Iceberg
Pricing, risk management, and portfolio analytics
Exchange-traded financial assets, statistics, or financial engineering
Data structures and design/analysis of algorithms
Where LLM-assisted development accelerates progress, and where it poses risks

Personal traits:

Possesses the ability to learn, adapt and grow
Demonstrates personal humility, respect for others, and trust in their teammates
Capable of independently driving projects to completion but prefers collaborating with teammates
Excellent problem-solving and debugging skills, but has better listening and communication skills

The annual base salary range for this position is $150,000 to $175,000 depending on the candidate’s experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.

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California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.

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