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- Tasks: Lead tech solutions for market risk and data management, ensuring accuracy and compliance.
- Company: Join a dynamic financial services firm focused on innovation and risk management.
- Benefits: Enjoy competitive salary, remote work options, and opportunities for professional growth.
- Why this job: Be at the forefront of market risk technology, driving impactful change in a collaborative environment.
- Qualifications: 10+ years in market risk IT, with strong leadership and project management skills required.
- Other info: Ideal for those passionate about finance and technology, looking to make a difference.
The predicted salary is between 54000 - 84000 £ per year.
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.
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:
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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: Bachelor degree in Computer Science, IT, Finance, Risk Management, or related field. Master degree or MBA is highly desirable.
- Certifications: CFA, FRM, PRM, PMP, ITIL certifications are advantageous.
- Industry Experience: Minimum of 10 years in Market risk and Market Data management with a focus on IT solutions. Proven senior leadership experience in financial services.
- Technical Expertise: 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.
- Leadership and Management: Ability to lead and manage high-performing teams. Experience in strategic planning and execution.
- Project Management: Experience in managing large-scale IT projects. Strong project management skills.
- Communication and Collaboration: Excellent communication skills. Proven ability to collaborate across departments.
- Innovation and Continuous Improvement: Track record of driving innovation. Ability to stay current with industry trends.
- Adaptability: Flexibility in a rapidly changing environment. Openness to new ideas and approaches.
- Decision-Making: Informed and timely decision-making skills. Sound judgment in high-pressure situations.
- Integrity: Upholds high standards of integrity and ethical behavior. Ensures regulatory compliance.
Head of Market risk and Market Data IT employer: Morgan McKinley
Contact Detail:
Morgan McKinley Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Market risk and Market Data IT
✨Tip Number 1
Network with professionals in the financial services and IT sectors. Attend industry conferences or webinars focused on market risk and data management to meet potential colleagues and learn about the latest trends.
✨Tip Number 2
Familiarise yourself with the specific technologies mentioned in the job description, such as Murex, .Net, and Java. Consider taking online courses or certifications to enhance your technical skills and demonstrate your commitment to the role.
✨Tip Number 3
Prepare to discuss your leadership experience in detail. Think of examples where you've successfully led teams or projects, particularly in high-pressure situations, as this will be crucial for the Head of Market Risk and Market Data IT position.
✨Tip Number 4
Stay updated on regulatory changes affecting market risk and data management. Being knowledgeable about current compliance issues will not only help you in interviews but also show that you are proactive and informed about the industry.
We think you need these skills to ace Head of Market risk and Market Data IT
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in market risk and data management. Emphasise your leadership roles and any specific technologies you've worked with, such as Murex or .Net.
Craft a Compelling Cover Letter: In your cover letter, express your passion for market risk management and technology. Discuss how your background aligns with the job's requirements and mention specific achievements that demonstrate your ability to lead and innovate.
Showcase Your Technical Skills: Clearly outline your technical expertise in advanced analytics and data management technologies. Provide examples of how you've successfully implemented market risk models or systems in previous roles.
Highlight Leadership Experience: Since this role requires strong leadership skills, be sure to include examples of how you've led teams, managed projects, and fostered collaboration across departments. This will show your capability to drive innovation and manage high-performing teams.
How to prepare for a job interview at Morgan McKinley
✨Showcase Your Strategic Vision
As the Head of Market Risk and Market Data IT, you'll need to demonstrate your ability to develop and execute a technology strategy. Be prepared to discuss your vision for integrating advanced analytics and machine learning into market risk management.
✨Highlight Your Technical Expertise
Make sure to emphasise your experience with market risk models and data management technologies. If you've worked with Murex or have proficiency in .Net and Java, share specific examples of how you've used these tools to enhance risk assessment.
✨Demonstrate Leadership Skills
This role requires strong leadership capabilities. Be ready to discuss your experience in leading high-performing teams, mentoring staff, and fostering a collaborative environment. Share examples of how you've successfully managed resources and prioritised projects.
✨Prepare for Compliance Questions
Given the importance of regulatory adherence in this role, be prepared to discuss how you've ensured compliance in past positions. Familiarise yourself with current regulations affecting market risk and be ready to explain how you would adapt to changes.
