Analyst, Market Data Services GSC

Why join us?

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

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.

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.
• Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy.
• Follows Group policies and processes relating to procurement and vendor risk management as set out in the Operations FIM

What you’ll do:

The successful candidate will demonstrate the necessary skills to become conversant in the following areas of Market Data.

• 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.