Market Data Manager

ICBC Standard Bank Plc; City Of London; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A leading financial institution in London seeks a Market Data Manager to oversee market data processes for risk management. The role involves managing a team, ensuring data integrity, and collaborating with various departments. The ideal candidate will have strong leadership and analytical skills, along with relevant educational qualifications in finance or data science.

Benefits

Discretionary annual bonus

Pension contribution 10%

Private medical insurance

Family - 6 months fully paid maternity leave

Health and fitness subsidy

Development opportunities

Qualifications

• Experience in market data management within a financial institution.
• Strong understanding of market data concepts, especially interest rates and FX.

Responsibilities

• Manage and maintain market data for Market Risk and Credit Risk.
• Oversee a team of three, providing leadership and guidance.
• Ensure integrity and accuracy of market data.

Skills

Leadership

Analytical

Communication

Problem Solving

Education

CFA

Bachelor's degree in Finance

Bachelor's degree in Economics

Bachelor's degree in Data Science

Tools

Murex

Job description

Job Title: Market Data Manager Job Code: 1241068

Skill Band: Risk Location: London

Type: Permanent Date Posted: 6 Jan 2025

Market Data Manager

About the Job

ICBC Standard Bank is seeking a highly skilled and experienced Market Data Manager to join our Risk department in London. The successful candidate will be responsible for managing the market data used by both Market Risk, Credit Risk & Prodcut Control teams, ensuring the integrity and accuracy of this data. This role will oversee a team of three direct reports and will require a deep understanding of market data processes and systems

What you'll be doing

• Manage and maintain market data used by Market Risk and Credit Risk (such as historical time series data used in calculation of Value-at-Risk or Potential Future Exposures), and by Product Control for use in independent price verification (IPV).
• Oversee a team of three, providing leadership, guidance, and development opportunities.
• Ensure the integrity and accuracy of market data, helping develop and improve quality control measures and validation processes.
• Develop and maintain good management information (MI) on data quality, including proxy usage.
• Ensure instruments are correctly set up in Risk market data systems and are aligned with their setup in Front Office systems.
• Collaborate with Market Risk, Credit Risk and Product Control teams to understand their data requirements and ensure timely and accurate data delivery.
• Work with Risk Managers, Risk Methodology and Model Validation specialists to identify and implement relevant data requirements (and linked controls).
• Enhance data governance policies and processes and ensure ongoing compliance.
• Provide expertise in market data concepts such as interest rate curve stripping and other financial instruments.
• Liaise with IT, Instrument Static Data and other departments to ensure the smooth operation of market data systems.
• Translate complex business requirements into IT specifications.
• Liaise with market data vendors such as Bloomberg to ensure the needs of internal clients are met.
• Be able to participate in market data cost control strategies.

What you'll need to be successful

• CFA and / or Bachelor's degree in Finance, Economics, Data Science, or a related field.
• Experience in market data management within a financial institution, preferably in a risk management context.
• Strong understanding of market data concepts, with specific focus on interest rates, FX, credit spreads and commodities.
• Knowledge of market data systems and data validation exception management tools.
• Experience with Murex is highly advantageous.
• Proven leadership skills with experience managing a small team.
• Excellent analytical and problem-solving abilities.
• Strong communication and interpersonal skills.
• Ability to work under pressure and manage multiple priorities
• Experience working on or with change projects

Why should you join us?

ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We're headquartered in London, with operations in Shanghai, Singapore and New York.

We're a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.

Our vison statement, "Be Yourself, Succeed Together" underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves. We have an active E, D&I forum and we're growing other employee network groups, including for women and neurodiversity.

We're committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.

What's in it for you?

• Financial market-based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution 5%), travel insurance, life assurance and income replacement insurance.
• Hybrid working the option to work remotely up to two days per week, depending on the role.
• Family - 6 months fully paid maternity leave and enhanced shared parental leave. Coaching for family leave returners and access to emergency care via My Family Care. Miscarriage and menopause policies.
• Wellbeing - private medical insurance, Bike2Work scheme, health and fitness subsidy, holiday exchange and an Employee Assistance Programme.
• Community paid volunteering leave and Give As You Earn scheme. Vibrant CSR and engagement forums and fundraising for our charity partners.
• Development a suite of opportunities to build the skills you need to excel in your role

If you're excited about becoming part of our team, get in touch. We'd love to hear from you!

ICBCS has appointed Robert Walters Outsourcing (RWO) to manage its recruitment process and Preferred Supplier List (PSL). Unsolicited CVs sent directly to ICBCS or its staff from non-PSL agencies will not be accepted and no fees will be paid for such submissions.