Senior Backend Engineer (L4)- Revenue at OpenFX

<h2>About Us</h2> <p>OpenFX is on a mission to move money as freely as data, unrestricted by time zones, banking hours, or legacy systems. We are building the infrastructure that will power the next generation of cross-border payment systems for institutions. The team's execution has been exceptional, and we're scaling at a remarkable pace. Our stellar early team comes with experience in companies like J.P. Morgan, Goldman Sachs, FalconX, Paypal, Affirm, Polygon, Kraken, Nium &amp; others. We're backed by Accel, Lightspeed, NfX and other top-tier investors.</p> <h2>Role Overview</h2> <p>We're hiring a Tech Lead for our Hedging team — the team that owns the risk OpenFX carries.</p> <p>Hedging owns inventory and exposure management, risk management, hedging positions across venues through smart routing strategies, market making, Cost, PnL and net revenue calculation. Every trade a client places creates exposure, and this team decides what we hold, what we hedge, where we hedge it, and what it costs us.</p> <p>This is a hands-on technical leadership role, not a management role. You will not own headcount, performance reviews, or hiring decisions. What you own is the technical direction, quality bar, and execution coherence of the Hedging team's work — the Risk Management Engine, Smart Hedging, and the position and PnL layer underneath them. You and the Engineering Manager operate as a closely coordinated pair: the EM owns the people, the process, and the delivery plan; you own how the work is designed, how quality is held, and how technical decisions get made day to day.</p> <p>You should expect to write code. The strongest Team Leads here lead through design, review and judgment, but their credibility comes from building.</p> <p>We're specifically looking for someone with a trading background — you've led or built systems where a position had to be accurate and a hedge had to fire in time, and where a bug meant real money. Think a crypto exchange, brokerage, or trading platform (CoinDCX, Groww, CoinSwitch Kuber, or similar).</p> <h2>Key Responsibilities</h2> <ul> <li>Own the technical direction of the Hedging team's work — exposure and position keeping, hedge decisioning, venue routing, market making, and Cost / PnL / net revenue calculation.</li> <li>Lead design discussions and drive technical decisions to resolution, breaking large, ambiguous efforts into workstreams the team can execute.</li> <li>Act as the senior engineer in the team — mentor and guide engineers across every level through design collaboration, pairing and feedback, and be the person the team brings its hardest problems to.</li> <li>Review the team's work to a high standard: not just whether it is correct, but whether it is technically coherent with where the pod is headed.</li> <li>Own the quality bar for what the team ships — tested, observable, reconcilable and operationally safe before it is called done.</li> <li>Keep engineering excellence and tech debt visible and shrinking, with a resolution plan agreed with the EM.</li> <li>Take end-to-end accountability for the technical execution of the roadmap, surfacing risks and options to the EM early.</li> <li>Drive work to closure with Product, Operations, treasury and finance — scope the problem, understand its impact on exposure, risk and net revenue, and be accountable for adoption, not just delivery.</li> <li>Own the risk path in production: lead incident response and turn post-mortems into durable systemic fixes.</li> </ul> <h2>What we are looking for</h2> <p><strong>Must-haves:</strong></p> <ul> <li>6–8 years of experience building and operating production backend systems, including time spent as the technical lead of a team or workstream.</li> <li><strong>A trading background</strong> — you've worked at a trading company, exchange, or brokerage and have built systems on a live trade, order or risk path (e.g. CoinDCX, Groww, CoinSwitch Kuber, or similar).</li> <li>Technical depth with the ability to lead, review and guide work across the full scope of the owned systems.</li> <li>Strong system design skills — you decompose complex problems into implementable, well-structured pieces with clear contracts.</li> <li>Solid command of object-oriented programming principles and low-level design patterns.</li> <li>Strong production engineering instincts — observability, debugging complex systems, performance tuning, and incident response on systems that run 24/7.</li> <li>Ability to drive technical decisions to resolution without formal authority, and to lead through influence rather than escalation.</li> <li>Comfort with <strong>abstract, ambiguous problems</strong> — you can turn a vague mandate into scoped, sequenced deliverables without waiting for someone to specify it for you.</li> <li><strong>Hands-on and high agency.</strong> You still write code, and you find the important problem and go solve it rather than waiting to be assigned it.</li> <li><strong>Heavy AI user.</strong> You use AI coding tools with real technique and get materially more done because of it.</li> <li><strong>Data-driven</strong>, and a clear written communicator — we are async-heavy and globally distributed, so RFCs, design docs and written updates carry real weight.</li> </ul> <p><strong>What helps you stand out:</strong></p> <ul> <li>Experience with hedging, exposure or risk management systems specifically.</li> <li>Experience with multi-venue execution, smart order routing, or market making.</li> <li>Experience with PnL, cost-basis or position-keeping logic, and reconciliation against external venues.</li> <li>Experience with FX, multi-currency systems, or cross-border payments.</li> <li>Experience pairing with an EM on delivery, and mentoring engineers to the next level.</li> </ul> <h2>What Success Looks Like</h2> <ul> <li>The Hedging team's technical output is consistently high quality — well-designed, well-tested, observable, and operationally sound. Exposure is accurate and hedges fire as intended.</li> <li>You and your EM operate as an effective pair: delivery is predictable, risks surface early, and the team is clear on what to build and how.</li> <li>Engineers on the team grow measurably in technical depth and confidence under your leadership.</li> <li>Tech debt on the risk path is visible, prioritised, and actively shrinking.</li> <li>Work lands and gets adopted, not just shipped.</li> <li>You are the trusted technical voice for Hedging and a reliable partner to Product, Operations and finance.</li> </ul> <h2>What We Offer</h2> <ul> <li>Competitive salary and benefits package.</li> <li>Equity in a rapidly growing company.</li> <li>Opportunity to work in a fast-paced startup at the forefront of fintech innovation.</li> <li>Opportunity to make a significant impact on global financial infrastructure.</li> <li>Collaborative work culture with emphasis on personal and professional growth.</li> </ul> <p>We are committed to building a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.</p> <p>&nbsp;</p>