Associate, Market Data Services, Gsc’s

-Job description

**Business: DAO Market Date Services**

**Open positions: 1**

**Role Title: Associate, Market Data Services, GSC’s**

**Global Career Band: 8**

**Location **_(Country / City)_**: India / Bangalore**

**Recruiter Name: Sowmya Bsavaraju**

**Why join us?**

**HSBC Data & Architecture Office (DAO) promotes a data-driven culture across HSBC through our strategy of**:

- **Protect**: To protect our data we need robust policies for data management and enhanced governance e.g. data that is consumed from a trusted source, meets quality standards, and complies with regulatory obligations.
- **Connect**: Move to a data-led culture through enhanced training including on the job opportunities. Our talent is the glue between protecting our data and unlocking value for our customers.
- **Unlock.** Value is unlocked when we deliver on the opportunities our well-managed data presents e.g. improving customer / colleague experience, increasing revenue, commercialising our data, optimising capital, enhancing risk management or reducing costs.

The DAO Market Data Services is a SSO that looks after the management of market data services & Invoice reconciliations that include real time prices, news and commentary, exchange data, broker data, analytics, research and company information for HSBC as a whole. The team manages a global spend of ~$400 million per annum with 800+ market data providers and exchanges. Current Market Data user base is 20,000 across cutting across Global Businesses and Global Functions and includes Global Banking & Markets, Global Asset Management, Private Banking, Commercial Banking, RBWM, HOST and other Support Functions

**The Opportunity**:

- Part of the Market Data Team, responsible managing Market data inventory, vendor reporting activities & Invoice reconciliation activities.
- Maintains HSBC internal control standards, including communicating timely changes to market data inventory ensuring accurate cost reporting to business.
- Follows Group policies and processes relating to procurement and vendor risk management as set out in the Operations FIM

**What you’ll do**:

- Understand Invoice reconciliation & Market Data Management (MDM) tool
- Perform Regular BAU Activities of invoice reconciliations, submitting the invoices for Payments and a follow up with AP team for payments.
- Manage periodic Activities of reaching out to Vendors to resolve Invoice related queries and Payments
- Work with A&R team, MD Inventory and cost management team to update the accruals in MDM, to clear any contract related queries.
- Ensuring and monitoring timely submission of all the monthly and quarterly vendor declarations including the direct exchanges.
- Ensuring the checks are performed for the verification of all vendor declaration tasks
- Ensuring weekly and quarterly vendor data notifications are reviewed and actioned in timely fashion
- Working with the managers and helping them in maintaining the TAT and quality of tasks and RPMs
- To work closely with the database Manager on the inventory clean-up projects, process improvement and enhancements
- Ensuring the Data Quality reports worked upon to maintain the clean inventory on monthly basis
- Participating in the daily catch up calls to manage prioritization of work and also for knowledge sharing
- Good understanding of general accounting of debit /credit
- Experience working on Market Data Inventory systems such as MDM or FITS will be an added advantage.
- Well versed with MS Excel, Access and Power Point.
Requirements

**What you will need to succeed in the role**:

- Degree in Financial Domain
- Excellent knowledge of Invoice Reconciliation.
- Proficient in MS Office/Excel
- Service oriented and customer focused
- Flexibility to work in a 24 x 5 rotating shift
- Working closely with various stakeholders including analysts onshore for resolving any queries on outstanding tasks, arrange calls with stakeholders
- Quickly raising MDM related issues with MDSL team
- Working with the managers and helping them in maintaining the SLA and quality.
- To produce training documentation and training material using agreed template
- Experience in Invoice reconciliations, reporting, warehousing and modeling.
- Strong analytical, inter personal & communication skills.

**What additional skills will be good to have?**
- Experience in related technologies, with experience working across a full technology stack from database to front-end.
- Banking and finance domain knowledge.

**You’ll achieve more at HSBC**

**Issued By HSBC Electronic Data Processing (India) Private LTD