Developer:24-03031 Jobs in New York NY Software Engineering & Development Job Recruiters

Posted: 10/29/2024 Job Category: Software Engineering & Development Job Number: 23425245

Job Description

Primary Skills: Banking, Data Analysis, Python/Java, Tool Development, Data Modelling
Contract Type: W2
Duration: 5 Months
Location: New York-Hybrid
Pay Range: 58/Hr-62/Hr on W2

Job Summary:

We are on the hunt for a Volatility Screening & Backtesting Tool Developer to join our Equity Derivatives team in New York. This role will focus on the development and optimization of a critical volatility analysis tool designed for equity derivatives, emphasizing skew, term structure, and convexity, and implementing an effective backtesting framework for strategy performance assessment. The selected candidate will play a pivotal role in enabling sophisticated trading and risk management strategies through this temporary, hybrid role situated in the bustling heart of New York City.

Key Responsibilities:

Design and develop a volatility screening tool tailored for equity derivatives markets, focusing on skew, term structure, and convexity.
Create a comprehensive backtesting framework to evaluate trading strategies and historical data performance.
Work in collaboration with the Equity Derivatives team to align tool functionalities with trading and risk management requirements.
Carry out extensive data analysis, modeling, and visualization to back tool development and performance assessment.
Enhance and refine tools continually based on new market insights and stakeholder feedback, ensuring their scalability and efficiency for real-time trading applications.

Must-Have Skills:

Proficient in programming languages (Python, C++, or Java) with an emphasis on data analysis, modeling, and tool development.
Experience working with large datasets and performing complex data analysis.
Exceptional problem-solving abilities and capable of performing under high pressure and fast-paced conditions

Industry Experience:
Previous experience in Equity Derivatives or a related field within the financial sector is highly preferred, providing a solid understanding of volatility modeling, derivatives pricing, and risk metrics.

ABOUT AKRAYA
Akraya is an award-winning IT staffing firm consistently recognized for our commitment to excellence and a thriving work environment. Most recently, we were recognized Inc's Best Workplaces 2024 and Silicon Valley's Best Places to Work by the San Francisco Business Journal (2024) and Glassdoor's Best Places to Work (2023 & 2022)!

Industry Leaders in IT Staffing
As staffing solutions providers for Fortune 100 companies, Akraya's industry recognitions solidify our leadership position in the IT staffing space. We don't just connect you with great jobs, we connect you with a workplace that inspires!

Join Akraya Today!
Let us lead you to your dream career and experience the Akraya difference. Browse our open positions and join our team!

Apply Now:

Apply Later

Share This Job:

Apply Online Apply with LinkedIn Apply with Facebook Apply with X

Share This Job:

Related Jobs:

About New York, NY

Discover exciting job opportunities in the vibrant area around New York, New York! With its iconic skyline, diverse cultural scene, and endless career growth prospects, the Big Apple and its surroundings promise an unparalleled work-life experience. Nestled between Broadway theaters, world-class art galleries like The Metropolitan Museum of Art, and globally renowned cuisine spots in Little Italy and Chinatown, finding your dream job in New York is your gateway to thriving in a city that never sleeps. Embrace the energy of Times Square, catch a game with the Yankees at Yankee Stadium, or unwind in the serenity of Central Park. Explore our job listings today and unlock your potential in the heart of opportunity.