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Onyx Capital Group

Oil derivatives market-maker and liquidity provider

Principal Engineering Technical Lead

Full-TimeUpdated on 10/17/2026
No salary listed
Expert
Colombo, Sri Lanka
Remote
Engineering ManagementEngineering Leadership

About the job

Requirements
  • 10–15+ years of software engineering experience, including 3+ years in a technical leadership or engineering management role.
  • Experience building and growing engineering teams, starting hands-on with a small team of 4–5 and scaling it to 10+ over time.
  • Hands-on proficiency in at least one of Python, React.js, or C#; remain an active contributor to production codebases while in a leadership capacity.
  • Deep command of object-oriented programming fundamentals, including encapsulation, inheritance, polymorphism, and design patterns, applied consistently across real-world systems.
  • Strong Test-Driven Development practices, including red-green-refactor and embedding unit, integration, and end-to-end testing as standard team practice.
  • Architecture and system design fluency, including communicating technical decisions clearly, managing technical debt, and balancing short-term delivery with long-term maintainability.
  • REST API design, versioning, error handling, and documentation, with the ability to define and enforce API standards team-wide.
  • Source control and continuous integration/continuous delivery ownership using GitHub, Azure DevOps, or GitLab, including branching strategy, code review culture, and pipeline management.
  • Experience with Azure cloud platform.
  • Hiring and team-building experience, including defining a hiring bar and shaping culture from day one.
  • A self-starter with a strong ownership mindset who sets direction, removes blockers, and drives outcomes without waiting for instruction or escalation.
  • Stakeholder management experience with remote business users and leadership, translating business needs into technical direction, communicating trade-offs, and proactively managing expectations.
  • Ability to serve as the primary point of contact for remote colleagues and users raising technical issues or requests, responding, triaging, and communicating status without prompting.
  • Exceptional written and spoken English to represent the Sri Lanka team to senior stakeholders and the CTO across synchronous and asynchronous communication.
  • Experience working with global, distributed engineering teams and navigating cross-time-zone collaboration while fostering strong remote working relationships.
Responsibilities
  • Serve as the founding engineering leader of the Sri Lanka operation, reporting directly to the CTO in London.
  • Build, scale, and technically lead the Sri Lanka engineering team, beginning with 4–5 engineers and growing to 10+ over time.
  • Contribute hands-on to production codebases while leading the team.
  • Set engineering direction and standards, make technical decisions, and establish the engineering culture and quality bar.
  • Hire and build the team, define the hiring bar, and shape team culture.
  • Act as the primary point of contact for remote colleagues and users raising technical issues or requests; triage issues and communicate status.
  • Represent the Sri Lanka team to senior stakeholders and the CTO through clear synchronous and asynchronous communication.
Desired Qualifications
  • AWS cloud platform experience.
  • Startup or scale-up experience, including working with ambiguity and building structure where little exists.
  • Experience in financial services or fintech, or genuine interest in financial technology and capital markets.
  • A track record of structured mentorship and developer growth, including career conversations and technical coaching beyond task delegation.
  • Experience establishing or improving remote support workflows for distributed internal users, including runbooks, escalation paths, and response service-level agreements.
  • Familiarity with observability tooling such as Prometheus, Grafana, or Azure Monitor.

About the company

Onyx Commodities is a liquidity provider and market-maker in oil derivatives, acting as the trading arm of Onyx Capital Group. It uses its own data and market visibility to offer services via Onyx Capital Advisory (brokerage, consultancy, and research) and runs Flux, a trading platform that gives direct market access, real-time prices, and fast order execution. The firm trades large volumes—over 25 billion paper barrels annually—and has a significant share of the oil swaps market, while expanding into metals such as copper and iron ore and planning to enter power, gas, and carbon markets with offices in London, Dubai, and Singapore. Its goal is to digitize and democratize the oil swaps market by improving price transparency and providing hedging and risk-management solutions for professional traders and corporate clients.

Company Size

51-200

Company Stage

N/A

Total Funding

N/A

Headquarters

London, United Kingdom

Founded

2016

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Simplify's Take

What believers are saying

  • Onyx opened New York in February 2026, expanding U.S. coverage.
  • The company reported $388 million annual group revenue and 29% trading-volume CAGR.
  • July 2026 launch of perpetual oil ETC extends Flux into investable products.

What critics are saying

  • Oil swaps are opaque; electronic rivals can compress spreads and erase margins quickly.
  • FCA warned about unauthorized Onyx Traders and Onyx Trade Group, confusing customers.
  • Heavy oil-market concentration ties earnings to benchmark volatility and liquidity shocks.

What makes Onyx Capital Group unique

  • Flux 4.0 delivers under-50-microsecond oil swap pricing across 800 curves.
  • Axis and Onyx Commodities combined surpassed 85% Dated Brent CFD share.
  • Onyx claims 30% S2F market share and $4T annual notional traded.

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Benefits

  • Remote Work Options