Principal Engineer - Capital Markets

Principal Engineer- Capital Markets

The Principal Engineer role will provide engineering and architecture support for complex electronic trading system management activities related to software, hardware, performance, problem determination or resource management requiring communication and coordination with vendors, technicians, clients, and management. Provide technical input to management decision making in the areas of software, hardware, and performance. The Principal Engineer plays a key role in designing, developing, and optimizing sophisticated trading systems. This critical role ensures platforms used for trading financial products, such as Interest Rate Derivatives (IRD) and commodities, FX operate efficiently, securely, and in compliance with industry regulations. The role demands a combination of both deep product knowledge in financial instruments and strong technical expertise in software engineering and system architecture, as well as execution. Ideal candidates will to be familiar with how trading venues, exchanges, and clearing houses operate; and how to build systems that interact seamlessly with them. This includes managing connectivity, knowledge on order-routing protocols and ensuring compliance with regulations like MiFID II, Dodd-Frank, SOX and others.
Responsibilities include: Defining networking requirements; performing detailed analysis of various projects and requests; developing designs for projects that have medium to high complexity; formulating procedures; monitoring key performance indicators; and implementing advanced business solutions. This role may also integrate solutions or build via DevOps depending on the maturity of the organization and/or product. Capital markets trading requires systems that are low-latency and highly available to ensure competitive execution and market-making strategies. The Principal Engineer should be experienced with technologies such as multi-threading, and high-performance networking to meet the demands of real-time decision-making and execution.

Position Responsibilities:
Design and Methodology

• Work closely with business units, application teams, infrastructure areas and vendors to identity, review and evaluate the solution requirements.
• Investigate and propose strategic fits for virtualization, consolidation and rationalization solution opportunities within the infrastructure or business. Propose changes to the technical architecture and design solutions as applicable.
• Evaluate and align strategic fit solutions across infrastructure platforms and solutions specific to system hardware and software technologies.
• Understand, participate, review and influence long term capacity planning and technology investments.

Technical Consulting

• Provide Client consulting and planning guidance as applicable for moderate to large highly complex projects/programs.
• Provide consultation and works closely with other functional infrastructure areas/departments on multiple initiatives to meet common organizational / business goals and objectives.
• Participate in and provides consulting to project teams on architectural, design development, integration opportunities, planning of highly complex systems and assures it is aligned to our established strategies, guiding principles, rationales and practices.

Planning and Organizing

• Identify and evaluate projects/programs/initiatives and design processes that enhance and rationalize existing and upcoming solutions.
• Map requirements into standard services solution, identity opportunities for integrating to existing or reuse technology and provide cost effective solutions for moderate to large highly complex project/programs/initiatives.
• Review, identify and manage requirements for moderate to complex solutions and do a cost value, feasibility and risk analysis.

Risk Management

• Review, participate, develop and update architectural standards, guiding principles, rationales and strategies.
• Evaluate, review and approve highly complex design solutions for business and Infrastructure project or programs or initiatives.

• Bachelor's Degree from an accredited university in Computer Science, Engineering or in a Technology related field, OR equivalent through a combination of education and/or technology experience, OR 12 years of technology experience
• 7 years of experience in identifying technical solutions for complex business problems, identifying the benefits and risks of the solutions and providing recommendations
• 6 years of Technology experience
• 5 years of experience mentoring another technologist
• This position is not eligible for sponsorship. Must have indefinite employment authorization.

Preferred Qualifications:

• 5+ years of hands-on enterprise application development experience and service-oriented technologies like REST, JSON, Spring Boot
• Strong technical expertise in Java/JavaRX or .Net, including exposure to OpenLink's Java Framework or any other ION suite of products
• Strong understanding of cloud computing concepts
• Extensive experience with AWS services, such as EC2, S3, VPC, RDS, etc.
• AWS Certification preferred
• Proficiency in scripting languages such as Python, Bash, or PowerShell.
• Experience with configuration management tools (Terraform, Ansible) and how best utilized in a hybrid environment.
• Knowledge of DevOps best practices using tools like JIRA, JUnit, GitLab, Artifactory, Docker, Kibana, and Terraform.
• Experience in the Capital Markets Domain:
  
  
  
  
  • Good knowledge of Derivatives and Financial products and concepts.
  • Significant work experience within energy trading and risk management
  • Solid understanding of the end-to-end energy commodity industry; including, IR derivatives, Swaps, Forex products
  • Experience working with ETRM systems (Findur - OpenLink / WallStreet Suite / Spectrum or any ION products)
  • Knowledge of trading platforms, market data feeds, FIX protocols and payment processing.
  • Familiarity with OTC transactions, trade capture, curve modeling including volatility setup.
  
  
  
  

About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.

Upon offer, Comerica conducts a comprehensive background and fingerprint check.

NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.

Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.