Software Development Manager - Derivatives

Overview

Serve as the overall engineering leader for Derivatives in a senior, hands-on technical leadership role. Drive engineering architecture, technical direction, and delivery of derivatives capabilities across the platform, covering trade lifecycle management, valuation/pricing, and downstream processing across FX, Interest Rate, Credit, Equity, and Commodity derivatives.

What you'll do

• Design and build scalable, resilient systems for derivatives trade capture, lifecycle event processing, and downstream settlement/confirmation workflows.
• Own architecture decisions for pricing and valuation services, including integration with pricing libraries/models and market data feeds.
• Build and maintain data models and event-driven pipelines supporting accurate position keeping, P&L, and risk reporting across the trade lifecycle.
• Partner with quant and risk teams to translate valuation and pricing logic into robust, testable, production-grade code.
• Drive engineering best practices, including system design reviews, code quality, test automation, observability, and performance tuning for high-throughput, low-latency workflows.
• Collaborate with operations and business stakeholders to understand STP requirements, exception handling, and reconciliation needs across the trade lifecycle.
• Mentor engineers, contribute to technical roadmap decisions, and raise the bar on engineering rigor across the team.
• Contribute to hedge accounting workflows where applicable, including effectiveness testing support.

What you'll need

• 12+ years of software engineering experience, with a strong track record of designing and building complex, distributed, data-intensive systems.
• Deep proficiency in at least one modern backend language, including Java, Python, or similar.
• Strong system design fundamentals, including scalability, data modeling, API design, and event-driven architecture.
• Experience with relational and/or time-series databases.
• Experience with messaging systems, including Kafka or similar.
• Experience building services that operate under strict accuracy and auditability requirements.
• Comfort working across the full stack of a trading platform: trade capture, lifecycle processing, valuation integration, and reporting/reconciliation.
• Solid understanding of derivatives lifecycle management across FX, Interest Rate, Credit, Equity, and Commodity products, including fixings, resets, exercises, novations, and terminations.
• Working knowledge of valuation and pricing concepts for these asset classes, including discounting curves, forward/NPV calculations, and sensitivities.
• Familiarity with middle/back office processes, including confirmations, settlements, reconciliation, and regulatory/reporting considerations for derivatives.

Nice to have

• Understanding of hedge accounting concepts, including fair value/cash flow hedges, and hedge effectiveness testing methodologies.
• Experience with regulatory reporting frameworks for derivatives, including Dodd-Frank, EMIR, and MiFID II.
• Exposure to cloud infrastructure and modern DevOps practices in a regulated financial environment.

Details

• Location: Mumbai.