Product Specialist - XVA & CCR (USA/Canada) at Numerix

<div class="content-intro"><p><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Since our founding in 1996, we have been at the vanguard of financial technology, providing groundbreaking expertise, quantitative analytics and software that redefine pricing and risk management in the financial markets. With the strategic acquisitions of FINCAD, PolyPaths and Kynex, Numerix has further strengthened its leadership position empowering financial institutions worldwide, to transform risk into opportunities with confidence.</span></p></div><p><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">The&nbsp;<strong>Product Specialist - XVA and CCR </strong>will work within the product management team to support the development of a <strong>next-generation end‑user front‑to‑risk application</strong> for the financial markets industry, with a <strong>primary focus on Counterparty Credit Risk (CCR) and XVA (CVA, DVA, FVA, etc.) capabilities</strong>.</span></p> <p><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">This role requires a hands-on Product Specialist with business analysis skills who will <strong>work closely with internal Risk teams and UX/Design stakeholders</strong> to translate complex risk methodologies into <strong>intuitive, user‑friendly workflows, screens, and interactions</strong>.</span></p> <p><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">The successful candidate will <strong>own the definition and documentation of user‑centric requirements and functional specifications in JIRA</strong>, ensuring that CCR and XVA functionality is not only analytically correct, but also <strong>usable, explainable, and efficient for end users</strong> such as traders, risk managers, and control teams.</span><br><br></p> <h2><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">What You'll Do:</span></h2> <ul> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">Contribute to and maintain the product roadmap for an <strong>end‑user front‑to‑risk platform</strong>, with a strong focus on <strong>usability and user experience across CCR and XVA workflows</strong>.</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><strong>Act as a key liaison between Risk teams, Product Management, UX/Design, and Development</strong>, ensuring that risk methodologies are reflected in clear, intuitive user experiences.</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><strong>Lead the definition of user‑centric requirements for CCR and XVA features</strong>, producing high‑quality <strong>user stories, functional specifications, acceptance criteria, and workflow descriptions in JIRA</strong>, with a strong emphasis on end‑user needs.</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><strong>Own and manage the end‑to‑end requirements lifecycle in JIRA</strong> for CCR/XVA initiatives, including epic and story creation, backlog grooming, prioritization, dependency identification, and ongoing clarification with developers and designers.</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><strong>Ensure that clear and complete functional test cases are defined for Market Risk features</strong>, enabling developers, QA, and business users to validate expected system behavior and outcomes.</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">Partner closely with Risk teams to capture requirements related to <strong>exposure, PFE, netting, collateral, margining, SA‑CCR/IMM, and XVA</strong>, and translate them into <strong>clear UI‑level behaviors, user flows, controls, and explanations</strong>.</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">Collaborate with UX and design stakeholders to define <strong>screen layouts, navigation concepts, user interactions, and terminology</strong>, ensuring consistency and usability across CCR and XVA features.</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">Lead the software development lifecycle by applying best practices in <strong>functional design, usability‑aware documentation, review, and validation</strong> of end‑user features.</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">Elicit requirements using interviews, workshops, use cases, personas, business process descriptions, and workflow analysis, with specific attention to <strong>how end users consume, understand, and act on risk information</strong>.</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">Critically evaluate information gathered from risk, business, and technical stakeholders; reconcile conflicts; and decompose complex CCR/XVA concepts into <strong>clear, consumable user experiences</strong>.</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">Serve as the primary functional point of contact for development teams, providing ongoing clarification on CCR/XVA requirements and <strong>UX expectations</strong>, and ensuring delivered functionality meets both functional and usability acceptance criteria.</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">Participate in reviews and UAT alongside Risk and business users to validate that CCR and XVA functionality is <strong>accurate, intuitive, explainable, and aligned with real user workflows</strong>.</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">Support presales, client demonstrations, and onboarding activities by explaining <strong>CCR/XVA user workflows and UI behaviors</strong> in collaboration with Product and Risk teams.</span></li> </ul> <h2><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><br>What We're Looking For:</span></h2> <ul> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">Bachelor’s degree in finance, mathematics, computer science, or a related field.</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">5+ years of experience in the Financial Services industry, including experience working directly with <strong>end‑user applications</strong> in front office, middle office, or risk functions.</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><strong>Strong domain expertise in Counterparty Credit Risk and XVA</strong>, including exposure calculation, PFE, netting and collateral, margining, and valuation adjustments (CVA, DVA, FVA, etc.).</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><strong>Demonstrated experience collaborating closely with Risk teams</strong> to capture, document, and validate risk requirements and methodologies.</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><strong>Proven experience writing user‑centric requirements and specifications for development teams</strong>, ideally using JIRA (epics, user stories, acceptance criteria, workflows, and backlog management).</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">Strong appreciation for <strong>UX and usability in financial applications</strong>, with the ability to translate complex risk analytics into intuitive and efficient user workflows.</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">Solid understanding of the Derivative Trade Lifecycle and how CCR and XVA concepts are consumed by end users across Front, Middle, and Risk functions.</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">Familiarity with financial product structures, curve building, market and reference data as presented in user‑facing systems.</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">Working knowledge of front office, middle office, or enterprise risk management systems with graphical user interfaces.</span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">Excellent written and verbal communication skills, with the ability to communicate effectively with <strong>risk professionals, developers, designers, and business users.</strong></span></li> <li style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;">Self‑motivated, detail‑oriented, and focused on delivering <strong>high‑quality, user‑centric CCR and XVA capabilities.</strong></span></li> </ul> <p>&nbsp;</p> <p><strong style="font-size: 12pt; font-family: Helvetica, Arial, sans-serif;">Where You’ll Work:</strong></p> <p><span style="font-size: 12pt;">This is a hybrid or remote role, open to the USA and Canada with a preference for those who live in the New York City area.&nbsp; The successful candidate must agree to work in Eastern Time Zone hours.</span></p> <p><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><strong><br><br>An important note on salary:</strong></span></p> <p><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">The annual pay range for this position is based on the preferred primary location of the role which is listed above. If you are applying to this role at a location that is not the preferred primary location, please keep in mind the salary range will vary and may fall outside of what is listed. Base pay offered may vary depending on job-related knowledge, skills, and experience.</span></p> <p><span style="font-family: helvetica, arial, sans-serif; font-size: 12pt;"><strong><em><span data-olk-copy-source="MessageBody"><br>Also note that unsolicited contact from third-party recruiters or agencies will not be considered at this time. We respectfully request no outreach from agencies.</span></em></strong></span></p> <p><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">&nbsp;<br></span></p>