Java / Scala Developer (Application Development)

  • Competitive
  • Budapest, Budapest fovaros, Hungary
  • Permanent, Full time
  • Morgan Stanley
  • 20 Nov 18

See job description for details

Company Profile
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Department Profile
Finance Technology within the Corporate & Funding Technology (CFT) division provides innovative solutions for regulatory and financial reporting, general ledger, profit & loss calculations, securities bookkeeping, budgeting & forecasting, and tax filing. The group leverages a state-of-the-art multi-terabyte financial data warehouse as one of its main assets to service the Firm's Finance division. The ISG & GWM Product Control Technology department of Finance Technology is providing services for Morgan Stanley's Global Product Controllers.

Team Profile
Counterparty Risk and Margin (CPRM) practice area at Morgan Stanley is responsible for managing and mitigating the firm's global counterparty risk. We develop multi-asset class risk calculators and portfolio margining strategies for the Prime Brokerage, Institutional Equities desk, OTC Clearing and the Global Wealth management divisions of Morgan Stanley. Our applications and systems are used by our external hedge fund clients as well as internal Morgan Stanley Risk managers for managing portfolio risk. Some of the key functions of the Risk system include computing product and portfolio level VaR (Value at Risk), market stress scenarios, Greeks, sensitivities and portfolio back testing. Our margin calculators leverage risk analytics to compute risk based margin numbers for different trading strategies such as stat arb, volatility arbitrage, and Convertible arbitrage, Rates, Commodities and FX.

Role Profile
Implement software used by risk managers to analyse, report on, and mitigate risk. This job provides the unique opportunity to write applications that are used by both the firm's internal risk managers to set margin policy, as well as by external hedge fund clients to help manage their portfolios. Constantly evolving hedge fund strategies will provide a stream of new challenges to the candidate who must augment the software in order to satisfy changing client requirements. The applicant should be a superior Java programmer, with strong design and implementation fundamentals. Prior experience in finance will be useful, however, the ability and willingness to master new technical and business concepts will be considered.


Skills Required
- Strong experience in developing enterprise level systems using Java and database technologies
- Exposure to developing software in the financial and specifically risk domain is desirable
- Exposure to grid computing , distributed caching and in-memory databases is a huge plus
- Work with Quants to integrate new models into the Risk Analytics product offering
- Understanding of Risk Analytics (VAR, Greeks ) is desirable but not required

Technology Stack
- Primary technology is Java on Linux. Strong exposure to Java development, object oriented design paradigms, concurrent and distributed programming concepts are critical to be successful in this role.
- Exposure to distributed caching tools like Hazlecast, coherence etc is a plus
- Exposure to grid computing platforms (Data Synapse, Symphony, Hadoop etc.) is a huge plus
- Risk tools use databases ranging from RDMS (Sybase, DB2) to NoSQL databases (H2,Mongo DB)

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.