T

Tradeweb

Electronic trading platforms for fixed income

Head of Data Governance

Full-Time
$175k - $240k/yr
Senior, Expert
Bachelor's, Master's
New York, NY, USA
HybridHybrid role requiring some in-office days in New York.
Data & AnalyticsData Management

About the job

Requirements
  • Bachelor's or Master's degree in Information Systems, Computer Science, Data Management, Business, Finance, or a related field, or equivalent professional experience.
  • 12+ years of experience in data governance, data management, or data risk within financial services or trading platforms.
  • Strong background in capital markets, electronic trading, or fintech environments.
  • Deep understanding of data governance frameworks, operating models, regulatory requirements and tools (e.g. Collibra).
  • Demonstrated success building or transforming enterprise data governance programs.
  • Exceptional stakeholder management skills; ability to influence senior leaders and obtain buy-in.
  • Proven ability to lead cross-functional initiatives in complex organizations and drive pragmatic solutions.
  • Demonstrated leadership in executing and scaling governance frameworks, with strong communication and team management capabilities.
Responsibilities
  • Establish Data Governance frameworks, including roles, responsibilities, policies, standards and oversight forums.
  • Define data ownership models across business domains; ensure key data roles are identified and individuals are trained on expected roles and responsibilities (e.g. Data Owners, Data Stewards).
  • Establish enterprise data quality standards, metrics, and monitoring capabilities; ensure consistent adoption across the Firm.
  • Define and enforce data standards for AI use cases, ensuring consistency, quality, lineage and appropriate controls across AI applications.
  • Embed a Data Risk & Control framework in partnership with Operational/Data Risk functions to identify, assess and mitigate data-related risks, including formal review and approval of risk acceptances.
  • Provide governance and oversight of data supporting regulatory reporting, ensuring data lineage, traceability, accuracy and completeness in line with regulatory expectations.
  • Define and track governance KPIs/KRIs, with regular reporting and escalation to senior stakeholders.
  • Evaluate, select and provide oversight of data governance tooling and platforms (e.g. catalog, lineage, quality), ensuring alignment with enterprise architecture and scalability.

About the company

T

Tradeweb

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Website

Tradeweb operates electronic marketplaces for fixed income, derivatives, and ETFs, connecting asset managers, central banks, hedge funds, and other institutional investors to deep liquidity pools. Its platforms enable online price discovery and trade execution across government bonds and money-market instruments by aggregating multiple liquidity sources and trading tools. Revenue comes from transaction fees and charges for data and analytics services. Its goal is to make large financial trades easier, faster, and more transparent by providing broad product coverage and global access to liquid markets.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

New York City, New York

Founded

1997

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Simplify's Take

What believers are saying

  • Q2 2026 revenue reached $558.9 million, with 54.4% adjusted EBITDA margin.
  • September 22, 2026 Ai-Price upgrades improve corporate bond pricing and automation.
  • August 2026 Quorim expands Tradeweb into private credit infrastructure with iAltA.

What critics are saying

  • ICE's July 2026 MarketAxess acquisition created a stronger fixed-income rival by 2027.
  • Bloomberg's terminal distribution and dealer RFQ systems still intercept credit and rates workflows.
  • Tokenized repo on Canton can shift collateral flows away from Tradeweb's traditional venues.

What makes Tradeweb unique

  • Tradeweb's June 2026 platform hit $3.2 trillion daily volume across 50-plus products.
  • BlackRock Aladdin integration gives Tradeweb a sticky edge in high-yield institutional credit.
  • Ai-Price and TARA fuse proprietary data, automation, and analytics inside execution workflows.

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Benefits

  • Health Insurance
  • Hybrid Work Options
  • Health Care and Dependent Care Flexible Spending Accounts
  • Maven Family Building Benefit
  • 401(k) Company Match
  • Tuition Reimbursement
  • Pet Insurance
  • Corporate Gym Subsidies
  • Wellness Program
  • Paid Time Off
  • Parental Leave
  • Pre-Tax Commuter Benefits Program

Company News

Stockwatch
Oct 19th, 2026
Tradeweb to acquire credit trading platform Trumid for $1.97B

Tradeweb Markets Inc. has agreed to buy Trumid Holdings, an electronic credit trading marketplace, for about $1.97 billion. The price includes $1.75 billion for the business and roughly $220 million for tax assets. The consideration is about $1.89 billion in cash, mostly from cash on hand, and $82 million in equity. The deal is targeted to close in the first half of 2027, subject to regulatory approvals. Tradeweb says the deal will extend its reach into grey markets and new issue trading, letting clients move from bond inception to secondary trading on one platform. It expects the deal to add to adjusted earnings per share within the first full year after closing. "We believe US credit represents a significant long-term growth opportunity," said chief executive officer Billy Hult.

Tradeweb
Oct 8th, 2026
Tradeweb Ai-Price: evolving credit pricing for today's market.

Tradeweb Ai-Price: evolving credit pricing for today's market. October 08, 2026 | Credit The electronification of the U.S. credit market over the last ten years has led to huge changes in how clients and dealers trade bonds. From the growth of portfolio trading to parameter-based automated execution to interdealer sweeps, electronification has changed the market microstructure significantly, allowing for greater efficiency and cost savings. Alongside this electronification, credit pricing algorithms have also seen significant growth across the buy-side and sell-side, with some dealers now systematically quoting trades up to $10 million. Tradeweb Ai-Price has evolved with these changes in the credit market. Whether that is using its pre-trade cost estimates, evaluating dealer responses or assessing execution quality post-trade, Tradeweb Ai-Price supports client decision-making throughout the trade lifecycle. As reliance on these algorithms continues to increase, Tradeweb Markets Inc. is leveraging advanced machine learning techniques and proprietary datasets to continue to improve Tradeweb Ai-Price. As part of this evolution, Tradeweb Markets Inc. plan to publish a series of content pieces exploring accuracy, methodology enhancements and use cases, with a more detailed whitepaper expected to follow. Methodology & accuracy. Pricing corporate bonds is a uniquely complex problem as there are many non-linear relationships between bonds in the same issuer, sector and rating buckets. Tradeweb Ai-Price attempts to solve this problem by leveraging a mixture of Gaussian methodology to model the 'change since previous trade' on each side of the market (bid and offer). Tradeweb Markets Inc. use neural network architectures for IG and HY to predict the mean and standard deviation of this 'change', allowing Tradeweb Markets Inc. to capture different market buy/sell dynamics while maintaining an accurate mid estimate. Tradeweb Markets Inc. expect to go into further detail around the methodology behind Tradeweb Ai-Price when Tradeweb Markets Inc. release its full whitepaper. The charts below show the difference between Tradeweb Ai-Price and the next TRACE print, bucketed by liquidity score as a measure of model accuracy. Tradeweb Markets Inc. considered prints greater than 50k from January 2025 to June 2026 for this analysis and compare its model bids/offers to dealer-to-client trades. The results show around a 30% improvement across IG and HY relative to the benchmark of using the previous TRACE print as a predictor, based on a weighted average across liquidity scores, with each score weighted by trade count. The results demonstrate the model's accuracy across a range of liquidity conditions. Conclusion. Tradeweb Markets Inc. believe Tradeweb Ai-Price is a state-of-the-art pricing algorithm for U.S. credit markets, leveraging the latest machine learning techniques and both public and proprietary data to support decision-making across the trade lifecycle. Built for the way credit markets trade today, Tradeweb Ai-Price is designed to adapt to changing market conditions and power analytics across its trading workflows and broader platform. Stay tuned for more content around Tradeweb Ai-Price and the market intelligence it can provide.

Calcalist Tech
Oct 6th, 2026
Capitolis raises $220M from Wall Street giants at $1.9B valuation

Capitolis, a fintech developing technology for banks and financial institutions, has raised $220 million in new financing, comprising a $120 million Series E equity round and debt financing. The equity round values the company at $1.9 billion, up from $1.6 billion in 2022. The round was led by existing investor Citi and included new strategic investors Bank of America, Nomura, and Tradeweb Markets. Existing investors Barclays, BNP Paribas, J.P. Morgan, State Street, and UBS also participated. Founder and CEO Gil Mandelzis said most funds will support Capitolis' recent acquisition of eSecLending, which expands the company into securities lending. Capitolis operates across Capital Marketplace and Portfolio Optimization businesses, helping financial institutions optimise resources and improve market efficiency.

Yahoo Finance
Oct 6th, 2026
Tradeweb reports September 2026 trading volume of $81.6T, ADV up 29% YoY

Tradeweb Markets reported total trading volume of $81.6 trillion for September 2026, with average daily volume of $3.7 trillion, up 29.0% year-over-year. Third quarter 2026 average daily volume reached $3.2 trillion, increasing 22.4% year-over-year. The electronic trading platform saw record performance in European government bonds, fully electronic US high grade credit, and municipal bonds during September. US government bond average daily volume rose 29.0% to $309.8 billion, whilst European government bonds climbed 29.2% to $81.4 billion. Tradeweb repurchased 2.0 million shares of Class A common stock for $210 million during the third quarter, bringing year-to-date repurchases to 4.4 million shares for $449 million. CEO Billy Hult attributed growth to increased client activity across fixed income markets amid rising yields and elevated issuance.

Tradeweb
Oct 6th, 2026
Capitolis announces $220 million in financing, including $120 million Series E at $1.9 billion valuation, from Bank of America, Barclays, BNP Paribas, Citi, J.P. Morgan, Nomura, State Street, UBS, ...

Capitolis announces $220 million in financing, including $120 million Series E at $1.9 billion valuation, from Bank of America, Barclays, BNP Paribas, Citi, J.P. Morgan, Nomura, State Street, UBS, Tradeweb, and others. October 06, 2026 | Tradeweb The financing will support the acquisition of eSecLending, adding new capabilities and clients to the Capitolis platform. NEW YORK (OCTOBER 6, 2026) - Capitolis, the financial technology company, today announced the successful completion of $220 million of financing. The financing comprised a $120 million Series E equity financing round at a $1.9 billion valuation, as well as debt. The equity financing was led by Citi, an existing investor, with participation from new strategic investors Bank of America, Nomura, and Tradeweb Markets, as well as existing investors Barclays, BNP Paribas, J.P. Morgan, State Street, and UBS. Additional existing and new financial investors also participated in the round. Debt financing will be provided by First Citizens Innovation Banking (formerly Silicon Valley Bank), Hercules Capital, and Pinegrove Venture Partners. Capitolis continues to build on the rapid growth across its Capital Marketplace and Portfolio Optimization businesses. As a trusted partner to the financial services industry, the company works with leading banks and financial institutions to address critical funding, capital, and balance sheet challenges. The financing will support Capitolis' acquisition of eSecLending, adding securities lending to its financial resource optimization platform and expanding access to a network of institutional asset owners, further strengthening the foundation for future innovation. Siris Singh, Global Head of Markets Strategic Investments at Citi, said: "We are pleased to have led this financing round, bringing together a group of strategic investors in support of Capitolis' next phase. The transaction reflects our continued focus on investing selectively in businesses shaping the infrastructure and evolution of global capital markets." Serene Murphy, Global Head of Corporate Development at Tradeweb, said: "Securities lending represents the next frontier in the electronification we've seen across our markets, and Capitolis' acquisition of eSecLending will be an important step in that evolution. By combining eSecLending's network of institutional asset owners with Capitolis' financial resource optimization platform, this deal creates real opportunities to bring more automation and efficiency to a market that has historically relied on manual processes. We're thrilled to support Capitolis as it builds out these capabilities." "This Series E financing is a great milestone for Capitolis and a strong endorsement of our vision and ability to execute on it," said Gil Mandelzis, Founder and CEO of Capitolis. "We are deeply grateful for the continued support of our existing strategic investors and excited to welcome Bank of America, Nomura, and Tradeweb as new strategic investors. The financing will enable our acquisition of eSecLending, expanding both our capabilities and client network as we continue partnering with the industry to address its evolving financial resource optimization needs." FT Partners served as the exclusive strategic and financial advisor to Capitolis on this transaction. WilmerHale served as legal advisor to Capitolis, led by partners Lisa Firenze and Avery Reaves. Goodwin Procter served as legal advisor to the banks, led by partner Harrison Freeman. About Capitolis Capitolis is the technology company helping to create safer and more vibrant financial markets by unlocking capital constraints and enabling greater access to more diversified capital and investment opportunities. Rooted in advanced technology and deep financial expertise, Capitolis powers groundbreaking financial solutions that drive growth for global and regional banks - and institutional investors alike. Capitolis is backed by world-class venture capital firms, including 9Yards Capital, Andreessen Horowitz (a16z), Canapi Ventures, Index Ventures, S Capital, Sequoia Capital and Spark Capital, as well as leading global banks and financial institutions including Bank of America, Barclays, BNP Paribas, Citi, J.P. Morgan, Morgan Stanley, Nomura, Standard Chartered, State Street, Tradeweb Markets and UBS.