Project Manager – Low Latency Systems/Manhattan

Project Manager - Low-latency Brokerage Platform

Based in New York City

About us

Adaptive was founded in 2012 based on the common desire of four software engineers, who met in the trenches, to work together again. It was built from the ground up as a place where talented people can find challenges, and get recognition commensurate with their abilities. We provide the opportunity to tackle a variety of complex problems using cutting-edge technology, to meet our clients’ needs and ambitions.

Since our humble beginnings, we have grown to about 200 people in 4 locations (London, Barcelona, Montreal and New York), while maintaining the same ethos.

We focus on the delivery of bespoke solutions, as we believe this is the key for our clients to keep control over their core business activities and maintain a competitive advantage. To mitigate the risk in investing in a new build, we have an array of accelerators at our disposal, including our Aeron-based, battle-tested platform Hydra.

The mission

We are building a highly scalable asset brokerage platform for our client servicing a variety of retail, institutional and omnibus accounts.

That client is experiencing exponential growth, and they have chosen Adaptive and our accelerator platform as the backbone for their new infrastructure to face those scalability challenges. A team of 10 is focusing on the delivery of that core business functionality as part of an ambitious, time-critical delivery program.

Required skills

The Project Manager is a strategic thinker. They can identify business/project problems, then formulate and execute plans with the team, leveraging their skills to deliver a solution.

Their excellent communication skills allow them to quickly build relationships with team members and high-level decision makers.

The Project Manager needs to ensure that:

  • The project they are overseeing is executed as planned, on time and on budget
  • Clients feel engaged and informed, and ultimately satisfied
  • Team members have a clear understanding of the project goals and their place in the team, and are empowered to deliver on the team’s commitments

While the Project Manager may occasionally delegate responsibilities, they should be able to handle the different aspects of their job themselves:

  • Managing a project
    • Keen understanding of the strengths and potential pitfalls that come with an Agile delivery philosophy, based on personal experience
    • Tailoring process to the team and circumstances (different engagement models such as T&M or fixed price, variable team size and engagement length…)
    • Working with our clients to manage the scope of the delivery
    • Giving visibility on delivery roadmap, and tracking actual progress compared to plan
    • Actively monitoring and mitigating project risk
  • Managing a team
    • In the Servant Leader mindset, empowering highly-skilled team members to deliver their best and involving them in decision making
    • Identifying and driving the resolution of problems affecting team harmony and performance
    • Understanding various software concepts to discuss problems and orchestrate strategy with various talents in the team:
      • Developers: real-time programming, high availability
      • QA: TDD, BDD, acceptance criteria
      • UX
      • BA: backlog management, domain knowledge (exchanges, real-time trading, investment banking)
      • DevOps
      • Support
    • Working with distributed teams
  • Managing resourcing
    • Owning the resourcing plan for the engagement
    • Reviewing proposed resourcing model with Delivery leadership, and maintain resource forecast
    • Identifying gaps in the team, and engaging with HR team to recruit new hires accordingly
  • Managing client & stakeholders
    • Reporting project status to client stakeholders, and communicating transparently with them
    • Actively managing client expectations, making assumptions explicit and creating an audit trail of important decisions throughout the engagement
  • Reporting to Adaptive
    • Reporting project status on a weekly basis
    • Escalating issues to account manager
  • Finance
    • Controlling budget and actuals; forecasting revenue & costs
    • Managing costs (resources, expenses, licenses, vendors)
    • Managing expenses in line with client agreement
  • Capturing and sharing knowledge
    • Identifying IP to be captured for Adaptive (code, process, functional knowledge)
    • Liaising with CTO and head of Project Execution to agree on the plan to capture IP (how and when to capture it, how to share it)

DIVERSITY AND INCLUSION: Diversity and inclusion are key to a great workplace and Adaptive is better when it’s more representative of the world around us. Everyone should feel comfortable bringing their whole selves to work at Adaptive, without any fear of judgement or negativity. All we ask is that our colleagues are passionate about what they do, have the skills needed to be successful in the role and are adaptable and collaborative


  • Family medical, dental and vision from day 1
  • 23 days vacation
  • Life Insurance
  • Commuter Benefits
  • Gym Subsidy

Some of our success stories include:

An app store that allows users to browse available apps and install to their desktop without Administrator rights. The system provides an auto-update mechanism and also captures usage statistics

Adaptive brought our experience in large scale e-commerce platforms to quickly specify and agree an architecture with the client. The design enabled rapid development in the short term but also granted flexibility and agility in the long term.

The Small Print

Please note that the successful candidate will need to undergo a background check due to the kind of projects we work on.

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