What are the responsibilities and job description for the Principal Back End Engineer, Credit and Lending position at Altruist?
About Altruist
Altruist is the modern custodian built exclusively for independent financial advisors that combines a self-clearing brokerage firm with intuitive software for account opening, trading, reporting, and billing - all in one streamlined solution. Financial advisors across the U.S. have partnered with Altruist to reduce costs, save time, grow their business, and provide better outcomes for their clients. Our mission is to make financial advice better, more affordable, and accessible to everyone - butwe can't do it alone. We're seeking exceptional talent to join our team. That's where you come in!
If you're passionate about challenging the status quo and making a meaningful impact in the financial advice industry, we'd love to meet you!
But first, our values
Kindness - Kindness doesn't just equal niceness. We listen to understand. We embrace, and encourage healthy debate and diverse perspectives. We approach conflict openly, honestly, and respectfully.
Brilliance - Humility is the skill we're most proud of and possessing a growth mindset is always top of mind. We take ownership in everything we touch; regularly using our unique superpowers to reach a common goal as a team. We succeed and fail as one.
Grit - When challenges arise, we stay laser focused on achieving our mission and finding a way forward, even when it's hard. We are nimble and maintain a sense of urgency, swiftly adapting to change and overcoming obstacles.
The opportunity
Altruist is in the midst of an exceptional growth phase and we're excited to hire a Principal Back End Engineer to join our growing Credit and Lending team. This role requires deep expertise in financial systems, particularly in Margins and risk management, to build and optimize our lending and credit infrastructure.
Your impact
- Analyze and solve complex problems spanning multiple user personas and workflows, with a focus on Margins calculations, risk exposure management, and regulatory compliance
- Design, build, and scale robust systems for high performance and efficiency in margin lending and credit processing
- Deliver RESTful APIs with microservices that support margin trading, collateral management, and margin call workflows
- Integrate data from multiple custodians, aggregating, modeling, and loading the data into a transactional and warehouse system
- Solve complex problems within an event-based environment, ensuring that margin requirement updates are handled in real time
- Work on complex risk analytics and margin-related calculations, ensuring precision and compliance with industry standards
What you bring
8 years of building scalable RESTful back-end services using Java and Spring Boot framework
Ability to implement microservices architecture for backend services to deliver highly distributed and resilient architecture
Strong grasp of Java, Spring Boot, AWS, and SQL, with expertise in margin calculations
Mentor and guide junior and mid-level engineers on the team.
Strong experience with Margin Rules (FINRA Rule 4210, SEC Regulations, and risk-based margining frameworks)
Experience building cloud infrastructure with Terraform on AWS
New York, NY salary range
225,000-$283,000 USD
What we bring
Attracting and retaining top-tier talent is a priority. We are proud of the culture we've built and are cognizant of the ever-changing professional landscape. Our dynamic offering of perks and benefits are tailored for you to feel your best while doing your best.
Total compensation includes a competitive benefits package along with equity in the form of Stock Options (ISOs). A salary offer will be determined by a number of factors including experience, skill level, internal pay equity, geographic location, and other relevant business considerations. We review all employee pay and compensation programs regularly to ensure fair, equitable, and competitive pay. At Altruist, we are committed to providing fair, equitable, and competitive compensation by leveraging market data to inform our pay bands. Base salaries will be reviewed at regular intervals throughout the year, typically in conjunction with performance review cycles. By evaluating compensation on a regular basis, we are able to reward high performance and ensure all employees have opportunities for growth.
Don't meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At Altruist we are dedicated to building a diverse, inclusive, and authentic workplace, so if you're excited about this role, but your past experience doesn't align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be just the right candidate for this or other roles.
Salary : $225,000 - $283,000
