---
title: 'Senior Backend Engineer (L5) - Core trading at OpenFX'
canonical: 'https://feeny.ai/job/senior-backend-engineer-l5-core-trading-openfx-bengaluru-vdcykt54syfd'
type: 'job'
last_seen: '2026-10-16'
---

# Senior Backend Engineer (L5) - Core trading at OpenFX

- **Company:** OpenFX
- **Location:** Bengaluru, India
- **Posted:** 2026-08-06
- **Last confirmed live:** 2026-10-16
- **Apply:** https://job-boards.greenhouse.io/openfx/jobs/5369485008

## Job description

## About Us

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 & others. We're backed by Accel, Lightspeed, NfX and other top-tier investors.

## Role Overview

We're hiring a Staff Engineer to own the architecture of OpenFX's trading and hedging core — the systems that price a client's trade, execute it, and manage the risk we take on as a result.

Two teams sit inside this scope:

- Trading owns the client's entire trade experience — quote generation, pricing strategy, the spread engine, and the trade lifecycle across GUI, API, and soon conversational AI. Its north star is Total Payment Volume, with Gross Revenue as the control metric.
- Hedging owns inventory and exposure management, risk management, hedging across venues through smart routing, market making, and WAC / PnL / net revenue calculation.

You will be the senior-most individual contributor across both, responsible for the Client Trading Engine, Pricing Engine, Risk Management Engine, and Smart Hedging. This is a hands-on role. You will write code, set architectural direction, and be the person the organisation trusts to get the trade and risk path right.

The problems here are genuinely hard and often under-defined. You'll take large architectural bets in a domain where correctness is measured in real money and latency is measured on a live client trade.

## Key Responsibilities

- Own the architecture of the Client Trading Engine, Pricing Engine, Risk Management Engine, and Smart Hedging.
- Break complex, ambiguous systems into smaller components with clear contracts, clear scope, and independent deliverability.
- Set and drive the architectural vision for trading and hedging, and take large architectural bets through to completion.
- Build for scale — design systems that hold up as volume, venues, and currency corridors grow.
- Own the observability standard across all components, so the behaviour of the trade and risk path is legible when it matters.
- Design meaningful alerting, fallback, and recovery strategies across systems.
- Coach and mentor engineers on the team, and raise the technical bar through design reviews and feedback.
- Partner with product, risk, and the two pod EMs to connect architectural decisions to TPV, gross revenue, and net revenue outcomes.

## What we are looking for

Must-haves:

- 7–12 years of experience building and operating production backend systems.
- Deep experience with distributed systems — consistency, failure modes, and the trade-offs between them.
- Experience building orchestrators and complex, long-running workflows that must be durable and recoverable.
- Strong command of databases at scale — sharding, multi-region deployments, and the data protection constraints that shape them.
- Track record on high-scale systems, including the observability and operational tooling that keeps them healthy.
- Comfort with abstract, ambiguous problems — you're the person who turns a vague mandate into scoped, sequenced deliverables.
- Hands-on. You still write code, and your architectural judgment comes from building.
- Heavy AI user. You use AI coding tools with real technique and get materially more done because of it.
- Influential and collaborative. You set direction by inspiring and persuading people, not by relying on authority.
- Data-driven, and you operate with high agency — you find the important problem and go solve it.

What helps you stand out:

- Background in fintech, trading, or cryptocurrencies.
- Experience handling financial data — pricing, positions, PnL, or market data.
- Experience with pricing, spread, or hedging systems specifically.
- Experience with market microstructure or multi-venue execution and smart order routing.

What Success Looks Like

- The trading and hedging systems you own are correct, observable, and resilient — failures are contained, detected early, and recoverable.
- Architectural decisions hold up without fundamental rework within 12 to 18 months.
- Engineers across both pods ship faster because of the abstractions, tooling, and standards you've built.
- Systemic risks are anticipated and addressed before they become incidents or PnL surprises.
- You've raised the technical ceiling of trading and hedging engineering at OpenFX, not just delivered individual projects.

## What We Offer

- Competitive salary and benefits package.
- Equity in a rapidly growing company.
- Opportunity to work in a fast-paced startup at the forefront of fintech innovation.
- Opportunity to make a significant impact on global financial infrastructure.
- Collaborative work culture with emphasis on personal and professional growth.

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.

## About OpenFX

## Company Overview
- **One-liner**: OpenFX is building a modern, real-time settlement network that replaces outdated cross-border payment systems, enabling businesses to move money globally with 99% faster settlement and significantly lower costs.
- **Entity Type**: Private (Series A)
- **Headquarters**: Miami, Florida, United States
- **Founded**: 2024
- **Founders**: Prabhakar Reddy (Founder & CEO)

## Core Business
- **Primary industry/industries**: Financial Services, Cross-Border Payments, FX (Foreign Exchange) Infrastructure, Fintech
- **Target customers**: B2B; finance teams at enterprises and businesses of all sizes that need to move money across borders; companies needing embedded financial infrastructure.
- **Mission or purpose statement**: "Make money move as freely as data." The company aims to create an open, transparent, and accessible network where settlements occur in seconds, costs are reduced from percentage points to basis points, and trade execution is programmatic (via APIs) and available 24/7/365.

## Products & Services
- **Real-Time Settlement Network**: A proprietary platform that bridges previously isolated domestic payment networks and optimizes capital flows, bypassing the complex correspondent banking system. It delivers 24/7/365 operations, with most transactions settling in under 60 minutes.
- **FX & Treasury Management**: Seamless, low-cost FX liquidity available 24/7, with transparent pricing (0.01-0.3%) and zero hidden costs.
- **Embedded Financial Infrastructure**: APIs that allow companies to integrate global money movement directly into their own platforms.
- **Real-Time Tracking & Reporting**: Enhanced transparency with real-time tracking and detailed reporting for all transactions.

## Market Standing
- **Valuation**: Not publicly disclosed.
- **Key Metric - Total Funding**: **$117 million** across three rounds.
- **Funding History**:
    - **Series A (March 2026)**: $94 million, led by Accel with 8 investors.
    - **Venture Round (June 2025)**: $23 million, led by Accel with 6 investors.
    - **Seed Round (June 2024)**: Undisclosed amount with 1 investor.
- **Notable Investors/Partners**: **Accel** is the lead investor across all rounds. Other investors include a total of 8 in the Series A and 6 in the Venture Round.
- **Growth Signals**:
    - Processes **billions in annualized payment volume**.
    - Experienced rapid headcount growth of **+12.5% monthly** (currently ~50 employees).
    - Active job postings have grown **+30.8% monthly** (17 open roles).
    - Global team operating across North America, Europe, Middle East, and Asia (7 countries).
    - Team includes alumni from major fintech and finance firms like Affirm, Revolut, Coinbase, PayPal, Visa, Mastercard, JP Morgan, and Goldman Sachs.

## Competitive Advantages
- **Speed & Cost**: Claims to be 99% faster (most transactions settle in <60 mins vs. 2-7 days) and 80% cheaper than traditional FX and correspondent banking systems.
- **24/7/365 Operations**: The platform operates continuously, including weekends and holidays, unlike the traditional market which shuts down.
- **Proprietary Technology**: Built a new settlement infrastructure from the ground up to bypass the complex, multi-layered correspondent banking system, optimizing capital flows through proprietary routing technology.
- **Institutional-Grade Security**: 99.99% uptime and robust security measures.
- **Experienced Team**: Founded and staffed by serial entrepreneurs and experts from top-tier financial and technology companies.

## Strategic Focus
- **Global Expansion**: The company has regional heads for North America, Latin America, Europe, the Middle East, APAC, and Africa/India, indicating a strong focus on global market penetration.
- **Becoming the Digital Backbone**: By 2030, OpenFX envisions itself as the critical digital backbone of global finance, processing trillions through its settlement network.
- **Product Development**: Actively hiring for product roles focused on API, payments, currency expansion, and onboarding, signaling a push for product maturity and feature depth.
- **Compliance & Licensing**: Hiring for Heads of Compliance and Licensing in the Americas, UK, and UAE, indicating a strategic focus on regulatory compliance across key markets.

## Why Work Here
- **Culture & Values**: The company emphasizes "Velocity" (swift response, strategic speed), "Trust & Ownership" (autonomy, radical responsibility), and "Respect" (collaboration over ego). The mission is to "make money move as freely as data."
- **Remote/Hybrid/Office Policy**: The company has a global, distributed team with hubs in Miami (HQ), London, Dubai, Bengaluru, and other locations. Many roles are listed as "Remote (USA)" or "Remote (EMEA or APAC)", suggesting a flexible, remote-friendly culture.
- **Notable Perks & Engineering Culture**: The company is building infrastructure for the next century of global commerce. The engineering team is building a new settlement network from the ground up, offering a challenging and impactful technical environment. The team is composed of veterans from top tech and finance firms, providing a high-caliber peer group.
- **Growth Trajectory**: With $117M in funding, rapid headcount growth, and ambitious goals, OpenFX offers the opportunity to be part of a high-growth startup at a critical stage.
- **Diverse & Global Team**: The company has a strong international presence with teams across 7 countries, offering a diverse and global work environment.

## Sources
1. [openfx.com - Company Page](https://www.openfx.com/company)
2. [openfx.com - Careers Page](https://www.openfx.com/careers)
3. [openfx.com - Homepage](https://www.openfx.com/)
4. [Greenhouse - OpenFX Jobs](http://job-boards.greenhouse.io/openfx)
5. [LinkedIn - OpenFX Company Profile](https://www.linkedin.com/company/openfx)

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