Head of Market Risk & Market Data IT

Head of Market Risk & Market Data IT

City of London (Hybrid)

£125,000 - £135,000 per annum + annual discretionary bonus

On behalf of a prestigious City based banking organisation, I have an exciting opportunity for a Head of Market Risk & Market Data IT to join a newly formed but growing team.

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.

The company offers hybrid working but you must be willing to commit to a non-negatable 3 days per week in their City of London offices and therefore must be within easy commutable distance to London.

Responsibilities:

• Develop and execute the technology strategy for Market Risk and Market Data IT functions.
• Provide visionary leadership and foster a culture of innovation.
• 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.
• Ensure the accuracy, integrity, and reliability of market risk and market data.
• Oversee the maintenance and enhancement of market risk and market data databases.
• 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.
• 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.
• 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.
• 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.
• 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.
• Drive continuous improvement initiatives to enhance the performance and capabilities of the Market Risk and Market Data IT functions.

Skills/Experience required:

• Minimum of 10 years in Market risk and Market Data management with a focus on IT solutions.
• Proven senior leadership experience in a financial services environment.
• Experience in developing and implementing Market risk and Market Data models - preferably using Murex.
• Proficiency in advanced analytics and data management technologies - preferably using .NET and Java
• Ability to lead and manage high-performing teams.
• Experience in strategic planning and execution.
• Experience in managing large-scale IT projects.
• Strong project management skills.
• Excellent communication skills.
• Track record of driving innovation.
• Ability to stay current with industry trends.
• Informed and timely decision-making skills.
• Sound judgment in high-pressure situations.
• Upholds high standards of integrity and ethical behavior.
• Ensures regulatory compliance.
• CFA, FRM, PRM, PMP, ITIL certifications are advantageous.