Pricing Administrator

Job description

Role Title: Pricing Administrator

Business: Global Banking and Markets

New or Existing Role- New
Grade:GCB7


Role Purpose
· Global Data Services is shared service organisation within Business Services responsible for sourcing, validating and loading instrument, pricing, ratings and calendar data to users across HSBC.
· We comprise circa 300 FTE globally in Bangalore, Colombo, Edinburgh, Hong Kong and London.
· Our principle objective is to deliver consistent, high quality and accurate instrument and pricing data to core strategic processing systems.
· The data we manage is intrinsic to the management of a transaction through its lifecycle, and the quality and accuracy of the data is crucial to the successful processing of a transaction and delivery of a high quality service to our customers
· We provide manual and automated data services to a wide variety of business units across the Bank
· Our manual services include set-up and maintenance of security data - bonds, equities, fixed income, derivatives and many other instrument types in use
· We also provide pricing services - validation and cleansing of pricing feeds from multiple vendors, delivering a single price for use in delivering valuations for customers
· Our technology services include delivering untouched {pass-through} data such as ratings & calendar data automatically into our customers' systems
· We also pre-cleanse security information which is then fed automatically from our central data hub, GRDS {Global Reference Data System} into our customers' systems
· Our data is used all across the trading systems in Global Markets and throughout the Accounting and Valuation and Custody systems in HSS: without our data, we wouldn't be able to trade, or serve our customers
· Our strategy is designed to deliver a change in culture: from our previous work aligned to individual divisions, to a more commercial, shared service mindset

Key Accountabilities
Impact on the Business:
· The role of the Pricing Administrator is to provide day-to-day Market Data support for HSS services.
· To assist in both the research work for Market Data standards, and the proactive investigation required to ensure the business is aware of, and prepared to cope with, changes in market practice and moves into new market areas
· Specific responsibilities are as follows :
· Provide day-to-day Market Data support to HSS business areas
· Investigate and satisfactorily resolve queries and issues within agreed procedural guidelines
· Maintain Market Data
· Carry out testing of systems as requested for existing Market Data processes
· Assist with monitoring adherence to Market Data procedures
· Assist with Market Data training as required
· Carry out proactive and reactive research into investment market practices, at instigation of the Assistant Manager, assessing the impact on existing Market Data policies and updating/amending these where required
· Carry out other project work as required.
· Liaison with data vendors on quality and service issues
· Ongoing monitoring and review of existing and potential Market Data suppliers
· Help to ensure that optimum quality providers are identified
· Assist with process of vendor change or vendor service changes

· Keep up to date with market developments through liaison with relevant information vendors and review of market publications as directed by Assistant Manager.
· Ensure effective communication.
· Express ideas clearly and concisely, both orally and in writing.

Management Risk
· Is aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations


Observation of Internal Controls

· Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
· 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 including, inter alia, the Group Compliance policy.

Desired profile

Qualifications :

Knowledge & Experience / Qualifications

·  Educated to degree level or hold Investment related qualification (e.g. Securities Institute certificate)
·  Ability to plan and organise workload, taking into account relative priorities
·  Ability to work accurately under pressure to tight deadlines
·  Strong relationships skills / ability to communicate effectively both in writing and verbally
·  Good knowledge of international investment markets
·  Knowledge of Thomson Reuters, Six Financial, ICE, Bloomberg and relevant data feeds
·  Flexible approach to working hours and environment

We are a diverse workforce and it is part of our organizational culture, it reflects our belief that diversity of thought, background and perspective make HSBC a stronger organization. We strive to implement a culture that is inclusive, diverse, positive and performance-oriented. Having a diverse workforce allows us to benefit from a variety of perspectives and strengthens our local and global competitiveness. We value diversity in our workforce and encourage all qualified candidates to apply from a variety of perspectives and strengthens our local and global competitiveness. We value diversity in our workforce and encourage all qualified candidates to apply.

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies.

https://www.hsbc.co.uk/1/2/popups/uk-privacy-statement#/ overview