Finance and business professionals are faced with the challenge of navigating increasingly large volumes of data to make the most informed decisions possible.
Bloomberg, a financial technology company, plays an important role in connecting the world’s decision-makers to accurate information about the financial markets. Through innovative tools such as the Bloomberg Terminal, the company provides access to financial data, news, and insights that help clients turn knowledge into action.
Bloomberg’s Data team is responsible for the end-to-end intake and delivery of data behind the company’s products and services. The team processes billions of pieces of financial information daily and plays an integral role in ensuring the breadth, depth, and quality of financial data for which Bloomberg is known.
In this article, we’ll learn more about the Data department and its ever-evolving role at Bloomberg and within the financial technology industry. Additionally, we interviewed James Hook, the Global Head of Data, about the latest industry trends, his career trajectory, and the traits and skills needed to succeed in Data roles today.
Bloomberg’s Data Department
At Bloomberg, data analysts combine both financial market knowledge and technical expertise to collect, analyze, and supply the most relevant content to clients operating across industries and asset classes. At its core, the team is primarily responsible for: 1) acquiring, modeling, and enriching proprietary and third-party data so that it can be used by clients, 2) providing support to client data queries, and 3) innovating workflow efficiencies that enhance the company’s systems, products, and processes.
Data management is an emerging area that comprises many academic disciplines, including data modeling, artificial intelligence, data science, and data quality management. Individuals who focus on data at Bloomberg are given training and client exposure to better understand how data fits into the financial markets. As the data industry evolves, ample opportunities to expand one’s skill set and experience emerge across various domains.
The rapid evolution of the industry also requires Bloomberg’s data team to adapt to the latest trends and practices to help clients solve their current business problems. The team proactively stewards data that addresses future client needs.
The Career Trajectory of James Hook
During his 18-year tenure at Bloomberg, James Hook has embodied what it means to be an effective team member and leader. At Bloomberg, James has demonstrated an ability to work across different disciplines, first as a software engineer and later as a Team Leader of the Structured Products team, where he developed both technical and financial market expertise to deliver valuable client solutions.
That experience led him to the Data Technologies Engineering team, where he managed the talented individuals who built the systems that onboard the data that drive Bloomberg’s applications and enterprise systems. Now, as the head of the Data division, he focuses on combining domain expertise with innovative data management techniques to increase the overall value of Bloomberg’s data products.
Through his intellectual curiosity, collaborative spirit, and diligence, James has grown his career at Bloomberg. While his path is unique, it speaks to the career possibilities available in Bloomberg’s Data Division.
Global Opportunities in Data
During our interview, James Hook described what Bloomberg – and the data industry in general – looks for in candidates, and the qualities it takes to succeed and make an impact as an employee.
Successful Bloomberg data professionals can come from a variety of academic backgrounds and share two common traits – first, an aptitude to delve into specific data and financial domains, and second, an appetite for innovation and experimentation.
In addition to developing subject matter expertise and technical skills, data analysts collaborate with a range of stakeholders around the globe, from Engineering to Sales, on product development.
While most of Bloomberg’s employees work in major cities around the world, many data analysts work in Princeton, NJ, a suburban community about an hour from New York City. The Princeton location offers a research campus-like culture and boasts open, outdoor spaces that facilitate unique collaboration opportunities among the departments working there. This location also allows the team to build relationships with local universities and foster a continuous learning environment where new and bold ideas are developed, tested, and brought to life.
With a diverse data team based around the globe in Princeton, New York City, and more than half working in Latin America, Europe, and Asia, James is focused on nurturing a culture of collaboration and inclusivity throughout the department and the broader organization as a whole.
The Bloomberg Way
Bloomberg runs on data. Thus, developing strong data management skills is critical for Bloomberg’s continued and sustained growth as a company. Positioned at the intersection of technology, finance, and data management, employees have a lot of range to explore their passions and pursue different projects throughout their careers with the firm.
Not only is the culture and environment of Bloomberg special, but also the company’s philanthropic mission makes a real impact on the world and is incredibly motivating.
If you’re interested in learning more about open roles at Bloomberg and taking a step further into the world of data and analytics, check out their current job listings. As the world of data grows, so do the opportunities, so don’t hesitate to make your move!