Staff Back End Engineer, Altruist
Credit and Lending
$181-249k
Salary dependent on location
3 days a week in office
All-in-one platform for financial advisors and their clients
Open for applications
All-in-one platform for financial advisors and their clients
501-1000 employees
Open for applications
$181-249k
Salary dependent on location
3 days a week in office
501-1000 employees
Company mission
To make financial advice better, more affordable, and more accessible.
Role
Who you are
- This role requires deep expertise in financial systems, particularly in Margins and risk management, to build and optimize our lending and credit infrastructure
- Experience - 8+ years of experience working as a software engineer at a B2B financial services, fintech, or SaaS organization
- 8+ years of building scalable RESTful back-end services using Java and Spring Boot framework
- Proven experience in the fintech industry with a deep understanding of clearing, securities, and asset classes, with a strong emphasis on Margins
- Expertise in designing and implementing Margin-related systems, including experience with Portfolio Margin, Reg-T Margin, and maintenance margin calculations
- Ability to implement microservices architecture for backend services to deliver highly distributed and resilient architecture
- Strong understanding of design patterns, and implementation of, event-driven architecture and its application to real-time margining processes
- Implement and believe in automated testing like unit/integration test
- Education - Ideally looking for a B.A. / B.S. degree in relevant fields such as Computer Science
- Technical aptitude - You’re technologically savvy and can easily get up to speed on modern tech stacks (Java,Springboot, AWS, SQL)
- Strong grasp of Java, Spring Boot, AWS, and SQL, with expertise in margin calculations
- Deep experience with database technologies (SQL & NoSQL) to efficiently store and retrieve large-scale financial datasets for margin processing
- Strong understanding of caching technologies like Redis
- Experience working with real-time processing frameworks for margin risk assessment and trade settlement processes
- Working knowledge of Docker/Container technologies like Kubernetes or ECS, Terraform, and GitLab
- Proven experience with Scalability, Availability, Reliability, Performance, Resilience, and Observability
- Ownership - The pride you put into every aspect of your work is unparalleled and undeniable
- Superb communication - Intentional dialogue is a superpower. You listen as well as you share your perspective with others
- Technology Leadership - Serve as a thought leader for backend engineering, ensuring best practices in system design, coding, and performance optimization
- Mentor and guide junior and mid-level engineers on the team
- Drive technical decision-making processes and collaborate with product management to align technical goals with business objectives
- Resilience - We’re inspired by your unwavering determination to achieve success, no matter the adversity you face along the way
- Assurance - Your confidence is brilliant, yet ego-less. You possess a strong knowledge base, the ability to discover the unknown, and are open to differing perspectives
- Creative problem solving - Identifying the problem is simply not enough. You’re instinctually creative with your approach in finding solutions to roadblocks
- Domain Knowledge - Deep understanding of financial industry concepts, particularly broker-dealer operations, clearing and settlement processes, and margins
- Strong experience with Margin Rules (FINRA Rule 4210, SEC Regulations, and risk-based margining frameworks)
Desirable
- Experience building cloud infrastructure with Terraform on AWS
- Experience building automated CI/CD pipelines with Gitlab
- Familiarity with real-time analytics and monitoring tools to track margin call events and risk exposure in trading environments
- Strong understanding of capital and liquidity management in margin lending
What the job involves
- Altruist is in the midst of an exceptional growth phase and we’re excited to hire a Staff Back End Engineer to join our growing Credit and Lending team
- 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
Our take
Altruist has created a cloud-based digital investing platform for independent financial advisors (IFAs). In the past, it’s been common for financial advisors selling products on a commission basis to have access to advanced digital systems, but not those working entirely independently.
Altruist brings an all-in-one platform to all IFAs, removing the need to use multiple programs to manage client accounts whilst bringing high quality assets to all investors, regardless of portfolio size.
Advisors can save time, compress costs and ultimately do more for their clients. Altruist operates a pricing model that scales up with the number of required accounts, unlike some competitor products such as Adviser and Intelliflo which charge a flat monthly subscription fee. Off the back of impressive funding, the company is set to expand its service offerings and support a wider range of RIAs as it becomes a truly comprehensive advising solution.
Freddie
Company Specialist at Welcome to the Jungle
Insights
67% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Apr 2025
$152m
SERIES F
May 2024
$169m
SERIES E
Total funding: $601.5m
Company benefits
- Be rewarded for doing great work: competitive compensation and equity for all team members
- Health, dental, and vision coverage, available on your first day
- Set future you up for success with 4% 401(k) matching
- Flexible time off and work hours to meet your needs
- Modern parental paid leave from day one, including 16-week adoptive, birth or foster paid leave, and 4-week child loss or miscarriage paid leave
Company HQ
McManus, Culver City, CA
Leadership
Jason Wenk
(CEO)Started their career as a Morgan Stanley System Analyst before co-founding Retirement Wealth as CEO in 2005. They also founded FormulaFolios in September 2011, before combining this financial and entrepreneurial experience to found Altruist in September 2018.
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