Derivatives Pricing Software Engineer

Closing date for applications: 30/06/2026

Location London, United Kingdom

Salary £75,520 – £113,280

Job typePermanent | Contract typeFull Time

Mostly Remote

You’ll spend most of your time at home, working with your team digitally. You’ll come into an office or hub at least twice a month to collaborate with your colleagues.

Managerial / Technical Lead

This is a general indication and doesn’t always reflect day-to-day responsibilities. Check the job description for full details.

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Join our digital revolution in NatWest Digital X

In everything we do, we work to one aim. To make digital experiences which are effortless and secure.

So we organise ourselves around three principles: engineer, protect, and operate. We engineer simple solutions, we protect our customers, and we operate smarter.

Job description

This role is based in the United Kingdom and as such all normal working days must be carried out in the United Kingdom.

Join us as a Derivatives Pricing Software Engineer

This is an opportunity for a technically minded individual to join us as a Derivatives Pricing Software Engineer

You’ll be designing, producing, testing and implementing working software, working across the lifecycle of the system

Hone your existing software engineering skills and advance your career in this critical role

What you'll do

Working in a permanent feature team, you’ll be developing knowledge of aspects of the associated platform across the disciplines of business, applications, data and infrastructure. You’ll also be liaising with principal engineers, architects in the domain and other key stakeholders to understand how the platform works and how it supports business objectives.

You’ll also be:

Applying Agile methods to the development of software on the backlog, speaking to traders and other users to design, implement, release and support features

Producing resilient and long-lived software and acting flexibly to cope with future needs

Contributing to re-platforming to improve latency, observability and strengthen cyber-security

Designing and developing software with a focus on the automation of build, test and deployment activities, using executable patterns

The skills you'll need

We’re looking for someone with strong full stack experience in software design and implementation, including the ability to exploit programming languages to solve complex problems. You’ll also need to be capable of complex requirements analysis capture and validation against business and systems requirements.

You’ll be able to provide third line support, using a solid understanding of a complex distributed application ecosystem and business domain knowledge to analyse issues. You’ll develop both short and long-term approaches to resolve problems and strengthen the platform. Alongside this you’ll demonstrate sound collaboration skills, with the ability to work with Front Office groups such as quants, trading, and sales, as well as across multiple technology teams to deliver pragmatic solutions.

Additionally, you’ll demonstrate:

Knowledge of flow rates financial products, including interest rate swaps, STIR futures, and interest rate curves

Strong numeracy skills, with the ability to understand trading dynamics and approaches to pricing fixed income products

An interest in, or knowledge of, interest rate risk and electronic trading

Experience using Java to implement change in large, distributed, real-time applications

The ability to design for scalability, automation, latency and availability

Extensive knowledge of version control and testing techniques as well an understanding of AI tools and foundations of cloud technologies

Strong stakeholder management skills and communication skills with the ability to communicate complex technical concepts in a simple way

Your benefits breakdown

Here’s a quick look at what your pay package and annual leave could look like if you get accepted for the role. We have a wide range of benefits to support you in your working life and beyond.

Please note, the presented benefits packages are based on the minimum base salary.

Tap each segment for details.

Your pay package

£

Your leave allowance

30 days Annual leave You’ll also have the opportunity to purchase up to 5 additional days off.

3 days Volunteering Take time off to support the causes you’re passionate about.

3 days Training Take time to build the skills you need to grow your career.

Total rewards package

Welcome to our Bishopsgate hub

Based only a few minutes’ walk from Liverpool Street Station, the central location of this office makes working there incredibly convenient. Everything you need is close by, so you can run errands, go to the gym, and socialise with friends and colleagues before and after work.

Bishopsgate recently underwent a multi-year refurbishment programme to improve spaces and facilities as well as become more sustainable.

Our tech stack

Here’s just some of the technologies we use.

Front end

JavaScript

ReactJS

AngularJS

Back end

Python

Java

Microsoft Dynamics

DevOps

AWS

GitLab

Google Cloud Platform

Data

Kafka

Hadoop

PostgreSQL

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