Java Software Engineer Contract Jobs in Newark, NJ

About this role:

Wells Fargo is seeking a Lead Java Software Engineer to join the Equity Derivatives Technology organization within Commercial and Corporate & Investment Banking Technology. This role sits at the heart of the frontoffice risk and pricing platform, supporting missioncritical trading and risk workflows across the equity derivatives business.

You will play a key role in modernizing and scaling Wells Fargo's strategic Risk & Pricing platform, enabling realtime and intraday risk analytics for a broad set of derivative desks, including Index and SingleStock Flow, Delta1, Equity Finance & Futures, Convertibles, Corporates, and Structured OTC / Notes. This is a handson senior engineering role designed for a highly quantitative risk developer with experience building largescale, distributed systems capable of processing substantial data volumes under strict latency, throughput, and resiliency requirements. You will design and build cloudcompliant, lowlatency, highthroughput platforms, working closely with frontoffice stakeholders, quantitative teams, and production partners.

As the platform continues to evolve, this role will incorporate applied AI and GenAIenabled capabilities to enhance risk analytics, intraday monitoring, automation, anomaly detection, and decision support. If you thrive on solving complex problems at scale and want to influence the next generation of risk and trading technology using modern engineering and AIassisted practices, this role offers both depth and impact.

In this role, you will:

• Lead and influence strategic technology initiatives across the Equity Derivatives Risk domain, partnering with frontoffice, quantitative, and platform stakeholders to deliver highimpact outcomes.

• Architect, design, and build scalable, lowlatency applications and microservices supporting realtime pricing, risk, analytics, and simulations for complex derivative products.

• Own and evolve core risk and pricing frameworks, ensuring performance, resiliency, scalability, and extensibility across multiple trading desks and products.

• Design and deliver largescale, distributed systems capable of handling highvolume, highvelocity datasets under strict latency and availability requirements.

• Champion engineering excellence, establishing and driving best practices around system design, performance optimization, clean code, testing, observability, and operational resilience.

• Drive automation in testing, documentation, and deployment to improve reliability, scalability, and speed to market.

• Collaborate closely with production support and platform engineering teams to ensure smooth daytoday operations, rapid incident resolution, and continuous improvement.

• Mentor and develop engineers, fostering a culture of technical excellence, ownership, quantitative rigor, and continuous learning, while ensuring compliance with enterprise risk management and regulatory requirements.

Required Qualifications:

• 5+ years of Specialty Software Engineering experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

• 5+ years of handson Core Java development, with deep expertise in memory management, garbage collection tuning, multithreading, concurrency models, native I/O, and JNI

• 3+ years designing and building distributed systems, delivering lowlatency, highthroughput, highly available, and faulttolerant architectures using eventdriven and microservices patterns

• 2+ years of experience with inmemory data grids (e.g., Oracle Coherence, Apache Ignite, GemFire)

• 2+ years working with NoSQL databases such as MongoDB or Cassandra, including schema design and query optimization

• 1+ years of solid experience in modern AI development tooling, including AIassisted coding tools (e.g., GitHub Copilot) and contemporary IDEs

Desired Qualifications:

• Bachelor's degree or higher in Computer Science, Engineering, or a related field

• Strong experience in capital markets workflows, including trade capture, lifecycle management, pricing, and risk analytics, with handson exposure to equity derivatives products (options, futures, swaps, exotics, synthetics, convertibles, prime brokerage)

• Deep understanding of derivative pricing, valuation, and risk methodologies, including Greeks, VaR, CCAR, FRTB, DV01, and PnL attribution

• Proven ability to design, build, or integrate scalable frontoffice risk and analytics components with trading platforms

• Demonstrated experience developing or integrating GenAI solutions, including LLMbased or agentic systems, applied to risk analytics, decision support, anomaly detection, or surveillance

• Strong software engineering fundamentals: algorithms, data structures, performance optimization, clean code, and scalable system design

• Effective communicator able to work directly with frontoffice and business stakeholders in fastpaced, highpressure environments

Job Expectations:

• This position offers a hybrid work schedule

• Relocation assistance is not available

• Visa sponsorship is not available

Pay Range

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visitDisability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.