Senior Software Engineer (Market Risk)

Location: London, UK; hybrid working with at least two days per week, or 40% of working time, at an office site.

Salary: £84,624–£105,780 per year.

Company

hirify.global is a major UK banking group investing in people, data, and technology to serve 28 million customers.

What you will do

• Lead the design, optimisation, and evolution of the bank’s Market Risk calculation and reporting platform supporting Historical Simulation VaR, Stressed VaR, intraday risk, and regulatory reporting.
• Architect and optimise cloud-native risk data platforms processing billions of records across multiple asset classes while ensuring timely, accurate, and resilient risk measures.
• Partner with Market Risk, Quantitative Analytics, Trading, and Technology teams to translate mathematical and regulatory requirements into scalable production solutions.
• Lead platform modernisation initiatives covering risk engine simplification, cloud migration, performance improvement, data platform optimisation, and operational resilience.
• Guide agile delivery teams, manage complex dependencies, and act as a senior delivery lead and subject matter expert for business-critical risk programmes.

Requirements

• Extensive experience analysing, designing, and optimising Historical Simulation VaR and Stressed VaR engines, including deep knowledge of risk sensitivities, standalone and contributory VaR reporting, and intraday VaR methodologies.
• Proven experience executing complex risk model migrations from broad sector, seniority, and ratings-based averages to granular ISIN-driven approaches using proxy methodologies for incomplete market data.
• Direct experience with major market and regulatory transitions, including IBOR/RFR transitions and delivery of FDSF into core risk systems without disrupting production SLAs.
• Deep SQL Server and Azure SQL Hyperscale expertise, including performance tuning, execution plan analysis, partitioning, clustered columnstore optimisation across billions of rows, ETL architecture, and large-scale analytical processing.
• Technical familiarity with Murex and Summit, including STP pipeline configuration, MUST functionality for complex structured derivatives, cross-entity ledger migrations, and front-to-back valuation and risk reconciliations.
• Ability to analyse the mathematics behind VaR changes with Risk Managers and Quants, translate requirements into precise technical specifications, and build automated integrity tools for robust release testing.

Culture & Benefits

• Commitment to diversity, equity, inclusion, learning, and development.
• Reasonable workplace adjustments and flexibility in office attendance, location, and working patterns for colleagues with disabilities or health conditions.
• Pension contribution of up to 15%, annual performance-related bonus, and share schemes including free shares.
• Adaptable lifestyle benefits, including discounted shopping.
• 30 days’ holiday plus bank holidays, wellbeing initiatives, and generous parental leave policies.