Head of Market risk and Market Data IT (London Area)

The Risk IT division manages and mitigates risks within financial markets, focusing on Market Risk, Credit Risk, and Market Data. Market Risk involves assessing and managing risks due to adverse price movements. Credit Risk focuses on evaluating and mitigating risks from borrower defaults. Market Data ensures the accuracy and timeliness of data for risk analysis and decision-making.

Job Purpose:

The Head of Market Risk and Market Data IT leads the development, implementation, and management of technology solutions for market risk management and market data functions. This role oversees market risk models, ensures data integrity, and provides strategic direction to enhance market risk and market data processes. Collaboration with cross-functional teams, compliance with regulations, and driving innovation are key aspects of this role.

Key Responsibilities:

1. Strategic Leadership:

 Develop and execute the technology strategy for Market Risk and Market Data IT functions.

 Provide visionary leadership and foster a culture of innovation.

2. Technology Development and Implementation:

 Oversee the design, development, and implementation of market risk models and systems.

 Integrate advanced analytics and machine learning techniques to enhance market risk assessment and management.

 Ensure the integration and management of market data systems to support risk analysis and decision making.

3. Data Management and Integrity:

 Ensure the accuracy, integrity, and reliability of market risk and market data.

 Oversee the maintenance and enhancement of market risk and market data databases.

4. Risk Assessment and Reporting:

 Develop comprehensive market risk reporting frameworks.

 Ensure timely and accurate reporting of market risk metrics to senior management and regulatory bodies.

 Provide insights and recommendations based on data analysis to support decision-making.

5. Compliance and Regulatory Adherence:

 Ensure that all market risk and market data IT activities comply with relevant regulatory requirements and internal policies.

 Stay abreast of regulatory changes and ensure that the Market Risk and Market Data IT functions adapt accordingly.

6. Team Management and Development:

 Lead, mentor, and develop a high-performing Market Risk and Market Data IT team.

 Foster a collaborative and inclusive team environment that encourages professional growth and

development.

 Manage resource allocation and project prioritization to ensure the successful delivery of IT initiatives.

7. Stakeholder Collaboration:

 Collaborate with cross-functional teams, including Risk Management, Finance, and Operations, to

ensure alignment of technology initiatives with business needs.

 Act as a key liaison between IT and business stakeholders, ensuring effective communication and

collaboration.

8. Budget and Resource Management:

 Develop and manage the Market Risk and Market Data IT budget, ensuring efficient use of resources.

 Oversee vendor relationships and manage contracts related to market risk and market data technology solutions.

9. Continuous Improvement:

Drive continuous improvement initiatives to enhance the performance and capabilities of the Market Risk and Market Data IT functions.

Required Skills, Knowledge, Experience and Values:

 Education:

o Bachelor degree in Computer Science, IT, Finance, Risk Management, or related field.

o Master degree or MBA is highly desirable.

 Certifications:

o CFA, FRM, PRM, PMP, ITIL certifications are advantageous.

 Industry Experience:

o Minimum of 10 years in Market risk and Market Data management with a focus on IT solutions.

o Proven senior leadership experience in financial services.

 Technical Expertise:

o Experience in developing and implementing Market risk and Market Data models – preferably using Murex.

o Proficiency in advanced analytics and data management technologies – preferably using .Net and

Java

 Leadership and Management:

o Ability to lead and manage high-performing teams.

o Experience in strategic planning and execution.

 Project Management:

o Experience in managing large-scale IT projects.

o Strong project management skills.

 Communication and Collaboration:

o Excellent communication skills.

o Proven ability to collaborate across departments.

 Innovation and Continuous Improvement:

o Track record of driving innovation.

o Ability to stay current with industry trends.

 Adaptability:

o Flexibility in a rapidly changing environment.

o Openness to new ideas and approaches.

 Decision-Making:

o Informed and timely decision-making skills.

o Sound judgment in high-pressure situations.

 Integrity:

o Upholds high standards of integrity and ethical behavior.

o Ensures regulatory compliance.