Full-Time

Head of Application Security

Posted on 9/24/2024

MarketAxess

MarketAxess

501-1,000 employees

Institutional electronic trading platform for fixed-income

Data & Analytics
Financial Services

Compensation Overview

$200k - $275kAnnually

+ Annual Cash Incentives + Equity + Other Benefit Programs

Senior, Expert

New York, NY, USA

Hybrid environment requires a mix of in-office and remote work.

Category
Cybersecurity
IT & Security
Required Skills
Agile
Cryptography
Requirements
  • Proven work experience as a product or application security engineer.
  • 7+ years of experience in cybersecurity with a focus on product security, software security, or embedded systems.
  • 5+ years of leadership experience in cybersecurity, including building and managing high-performing teams.
  • Hands-on experience with security tools such as SAST, DAST, vulnerability scanners, and security testing frameworks.
  • Experience with Agile and DevSecOps practices, integrating security into CI/CD pipelines.
  • Deep understanding of the cloud security technologies and common toolsets.
  • Strong knowledge of cryptography, authentication, access control, and other key security principles.
  • Ability to execute in complex and dynamic environments.
  • Strategic thinker with a passion for security and an ability to drive product security initiatives.
  • Strong leadership and people management skills.
  • Excellent problem-solving skills and the ability to work under pressure in a fast-paced environment.
  • Collaborative mindset and ability to influence across departments.
  • Proven track record in a fast-paced agile environment.
  • Ability to explain complex security topics to non-technical audiences.
Responsibilities
  • Develop and execute a comprehensive product security strategy aligned with business goals.
  • Lead and manage a team of product security professionals, providing mentorship, guidance, and support in their day-to-day activities.
  • Engage and collaborate with leaders and teams across infrastructure, engineering, operations, product development and legal to integrate trust and security principles throughout the product lifecycle.
  • Drive a security-first mindset across the product and development organization.
  • Develop, design, and implement secure cloud architectures the align with MarketAxess’ security and business objectives.
  • Conduct thorough security assessments, threat modeling and risk analysis for new and existing products and operational technologies, identifying product vulnerabilities specific to software and hardware.
  • Deliver and improve Product Security KPIs, which reflects the Security, Privacy, Availability and Recoverability posture across MarketAxess products and services.
  • Work closely with product managers, engineers, and architects to embed security into the product lifecycle.
  • Champion secure coding practices, vulnerability management, and secure design principles.
  • Oversee security reviews, code analysis, and penetration testing.
  • Manage and mentor a team of product security professionals.
  • Foster a culture of continuous learning, growth, and collaboration.
  • Provide guidance on career development and skill enhancement.
  • Communicate security risks, findings, and recommendations to executive leadership and relevant stakeholders.
  • Collaborate with customer-facing teams to address security concerns and build customer trust.

MarketAxess operates an electronic trading platform focused on the fixed-income market, allowing institutions to trade bonds more efficiently. The platform connects over 2,000 firms, including major asset managers and broker-dealers, enabling them to access a unique liquidity pool through its Open Trading™ marketplace. This marketplace facilitates all-to-all trading, enhancing liquidity and execution quality while reducing costs. MarketAxess also provides automated trading solutions, market data products, and various pre- and post-trade services, utilizing its extensive data and analytics. Unlike its competitors, MarketAxess emphasizes a collaborative trading environment that benefits a wide range of credit market participants. The company's goal is to improve trading efficiency and transparency in the global fixed-income markets.

Company Stage

IPO

Total Funding

$41.1K

Headquarters

New York City, New York

Founded

2000

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

13%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased electronic trading adoption in Brazil boosts MarketAxess' growth opportunities.
  • Strategic partnership with S&P Global enhances data services and analytics capabilities.
  • Casada trade via RFQ protocol supports greater liquidity and transparency for investors.

What critics are saying

  • Competition from Tradeweb and Bloomberg could erode MarketAxess' market share.
  • Regulatory scrutiny may increase compliance costs for MarketAxess.
  • Volatility in emerging markets could affect MarketAxess' trading volumes and revenues.

What makes MarketAxess unique

  • MarketAxess' Open Trading™ is a unique all-to-all trading solution in credit markets.
  • The platform's extensive global network includes over 2,000 firms, enhancing liquidity opportunities.
  • MarketAxess offers comprehensive pre- and post-trade services, leveraging extensive data and analytics.

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