This is a unique opportunity to join an existing boutique asset management and trading organization as it rolls out its services and infrastructure to a global audience. Following the acquisition of a Swiss based investment bank the firm plans to create a new worldwide technology infrastructure to support and assist its expansion plans. They have chosen their Zurich based bank to head quarter what will be a innovative and cutting edge banking technology team. The first appointment is of course that of the Worldwide Banking Technology Director, to head up this initiative.
The company has been very successful in the niche market for trading complex cross border fixed income transactions for other financial institutions (banks, insurance firms, brokerage houses, hedge funds, pension schemes and other organizations that hold assets) and private investors. The majority of these transactions are of a private placement type and are mainly bonds, although increasingly there are commodity trades and commodity backed "paper" being traded. Already the bank makes use of its own technology, such as a unique trading platform and its private Exchange which it uses as a clearing network. The CEO is keen to add a number of other technology based projects and services, as well as roll out an industry leading IT infrastructure
across the banks global presence.
The Worldwide Banking Technology Director takes responsibility for developing the overall IT strategy, ensuring it is in full alignment with the banks business and undertakes the planning, operational supervising and budget management for the technology department. In effect they manage and supervise the whole technology team. With that overall remit the role can be split into two main areas of focus, which are as follows.
To lead the development of all existing and planned IT infrastructure. The Worldwide Banking Technology Director is charged with setting the overall implementation and roll out strategy. They also play a key role and indeed take charge of the final decision for all 3rd party and supplier selection processes. There is a multi million dollar budget provided to ensure that the bank has a first rate IT infrastructure in place across all branches and locations. The Worldwide Banking Technology Director is asked to ensure the budgets allocation is efficiently employed. As the senior technology manager the Worldwide Banking Technology Director works closely with HR to hire and organize recruitment for permanent staff based on your identification of essential technology skill sets, manage the successful selection of IT contractors and IT service partners / consultancy firms as and where required. They will also be asked to measure and report back to their board colleagues upon its implementation, the deliverables and the timescales that have been set. In essence the Worldwide Banking Technology Director is tasked with refining the technology adoption process and its deployment (both in terms of headcount and dollars) across the bank. Finally they will act as the technology groups senior point of contact for other departments and will as such sit on the group board, where besides working closely with their fellow directors and the banks CEO to ensure IT meets all their aims and requirements, they will have an input into setting the banks strategic strategy.
The second main area the Worldwide Banking Technology Director will undertake is specific project development of the banks new technology systems and platforms. Here they will prioritize projects based upon the banks strategic goals and aims. Some specific projects that will be required include leading the evolution of the banks trading platform and virtual exchange. Ensuring the banks systems have full integration with other settlement services like Euroclear, Clearstream and SWIFT. The bank also is keen to make use of the latest mobile devices and cloud based technologies to ensure a flexible, mobile and light infrastructure that can be taken into the field. It is expected the bank will face a number of security challenges in its desire to become fully mobile with many of these being around developing the banks telephony solutions, its custom virtual meeting tool set and essential contracts and documentation work flow and routing. As Worldwide Banking Technology Director you will be asked to ensure your team can transform the strategy into operational tools, processes and analytical packages. To achieve that you will have to provide strong thought leadership on operational, technical and budget management and take a lead in all planning discussions.
Most projects will involve reviewing existing systems, functions and environments prior to recommending new solutions, platforms and architectures. It is expected you will arrange project road maps to be drawn up for all projects and clearly communicated to the various business units involved. These project road maps will help your group improve project performance, there efficiencies, project functionality delivered and total cost management. As Worldwide Banking Technology Director your main duties will center upon managing the projects, defining the strategies direction and its full cycle implementation
In order to be considered for the Worldwide Banking Technology Director vacancy you will have at least a decades experience leading infrastructure and software projects at, or on behalf of investment banks. You should have a demonstrable track record in managing IT infrastructure change at a global level and have proven skills in the delivery of technology solutions. You will be comfortable in winning the license to work with demanding, busy teams and their managers; indeed it is expected you will be an engaging people manager and a true board director and leader. You should have exposure to most IT technologies including mobile, internet, telephony environment and the main settlement systems like Euroclear, Clearstream and SWIFT. Besides this it is expected that you will have:
- Experience in IT governance, Enterprise Architecture and banking IT planning, deployment and operation.
- System set up, migration and infrastructure implementation.
- Selection and implementation of both systems and suppliers.
- Cross departmental implementation and data migration.
- Project planning, modeling, design and review.
- Implementation and creation of project road maps and Gap analysis
- Information Management and BI
- Business and IT alignment including business operating model analysis and IT driver definition.
As a board member and the senior executive charged with the banks IT, the Worldwide Banking Technology Director commands a suitable remuneration package. To secure the services of the right applicant the bank is willing to meet that individuals earning requirements. Further benefits and options are of course included too.
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