Market Data Scientist – IBOR Transition (UK)
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About Brickendon Consulting
Brickendon is an award-winning transformational consultancy specialising in innovative solutions that solve our clients’ challenges quickly and efficiently.
Focused on three practice areas of digital, data and automation, our aim is to disrupt the market with the latest machine learning, automation, data analytics advisory and programme delivery.
Since inception in London in 2010, Brickendon has rapidly grown and has established additional offices in the Poland, India and Australia. Core to our success is how we foster a culture of innovation and lateral thinking and encourage our people to develop new approaches and techniques.
Our specialist digital arm, Brickendon Digital, focuses on disrupting and challenging the digital landscape with daring, cutting-edge products, including HotDeskPlus and EUCplus. We use the latest software and techniques to create rapid, technology-led solutions and visionary products to help our clients excel.
We are a member of the Women in Finance charter and are committed to working together to build a balanced and fair industry.
Overview of Initial Assignment
Brickendon have been engaged to will help drive and deliver insights for IBOR Transition deliveries.
Key Responsibilities
• Liaise and form close partnership with functional support groups to form strategic solution for the IBOR Transition
• Produce track key performance indicators
• Support the Data Validation and Controls that are required to cover new RFR curves
• Perform market data/scenario analysis for existing vs new risk factors
• Perform Market Data Quality Checks
• Ensure smooth end to end testing is in place
• Conduct Analysis and identify material changes
• Analyse large datasets, draw valid inferences and present them successfully to key stakeholders
• Support senior management and co-ordinating response to various regular ad hoc enquiries
• Ensure risks are identified in a timely manner, correctly measured and appropriately escalated
• Support BAU project activities to ensure the highest level of data quality and integrity for Risk Management
• Comply with regulatory requirements
• Assist in the development of Data Governance post implementation
• Delivering analysis and expertise on Market Data and Risk Factors within Traded Risk
• Relationship Manager with Market Risk Managers
• Delivering High Standard MI reporting/analysis
• Supporting risk model efficiency and on-going validation
• Work as a Subject Matter Expert on your area, e.g. IR & FX
• Maximize usage and quality of data within your area of expertise
• Working with the Product team to ensure that the overall solution design delivers against the benefits realisation plan
• Respond, react and monitor change and transition within the product lifecycle
• Underpin the delivery and iteration of digital services through effective analysis of qualitative and quantitative user data
Skills & Requirements
• Degree or post graduate level, and ideally in a numerate subject
• Knowledge of Pricing or Valuation Control experience, more specifically understanding of IPV (Independent Price Verification) processes, bootstrapping techniques, model parameters
controls, statistical techniques and data cleansing
• Experience on market data management, data cleansing and sourcing
• Experience in analytical reporting, e.g. explain of a transformation by decomposition
• Proven relevant working experience in a Global Markets environment, with relevant exposure in the risk industry an advantage
• Have an understanding of market or credit risk management techniques, systems, processes and functions including VaR/Stress Testing and the Greeks, ideally through line experience.
• Product knowledge across multiple assets classes – Fixed Income, Equity, Commodity, FX
• Relevant work experience
• Exposure to a control environment, with an understanding of credit and/or market risk reporting processes a plus
• Excellent numerical and analytical skillset
• Excellent knowledge Microsoft Office, incl. VBA
• Strong data management and problem solving skills
• High attention to detail
• Excellent multi-tasking and prioritizing skills
• Effectively manage and able to adapt to changes in projects
• Experience with market data software e.g. Asset Control, Reuters, Bloomberg
• Excellent written and verbal English communication skills – the ability to communicate effectively and efficiently at a global level is paramount
• Team player with strong interpersonal and stakeholder management skills
• Focused and delivery-driven with ability to meet tight deadlines
• Hands on approach required and willingness to take personal accountability
• Pragmatic decision making capability
Desirable:
• Understanding and knowledge of recent regulatory changes in Banking
• Finance related qualifications e.g. CFA, FRM, Masters in Finance, ACA
• Familiarity with risk driven capital requirements and reporting
Submit your application
Show your interest in the position listed above by inputting your details & uploading your resume in the form.
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