Job Description

Job descriptionSome careers have more impact than others.If youre looking for a career where you can make a real impression, join HSBC and discover how valued youll be.HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.We are currently seeking an experienced professional to join our team in the role of Market Data Product SpecialistPrincipal responsibilities

• Contribute to the market data product strategy and prepare the market data cost business case for change initiatives, new product launches, fund launch and client onboarding.
• Act as the key business escalation point and interface for market data cost between the Securities Services business and HSBC Market Data Services team.
• Work closely with internal stakeholders and third party data suppliers to ensure business needs are met, with best fees and terms. Review of internal cost allocations and methodologies to ensure these remain fit-for-purpose.
• Continuous review of market data consumption, ensuring key business stakeholders have data usage and cost information transparency to facilitate strategic decision making.
• Ensure key stakeholders are aware of upcoming contract renewals, usage reviews, audits, with sufficient time for review and negotiation of any contract changes.
• Maintain a strong cost discipline by leading a review of cost saving opportunities, working with key stakeholders to identify, recommend, and implement efficiencies, optimisation, and / or displacements to deliver market data cost reduction targets.
• Develop strong relationships with key third party data providers and support oversight activities including production of data vendor performance dashboards, and co-ordinate regular external service review and internal market data vendor oversight governance meetings, with meeting minutes and actions documented.
• Communication to business stakeholders to ensure awareness of and alignment to third party data. supplier contractual obligations.

Requirements

• Detailed understanding and experience of third party market data management (data suppliers, contracts, license obligations, cost, data usage and flows).
• Strong cost discipline and attention to detail, with experience in building and managing business cases.
• Ability to define problem statements, analyse causes, assess options, and find effective solutions.
• Very strong interpersonal, collaboration and influencing skills across geographies with ability to relate to people at all levels, both internally and externally.
• Strategic mind set, self-motivated, energetic, and results focused with a strong work ethic.
• Highly organised and adaptable with an ability to manage multiple tasks simultaneously and independently.
• Excellent presentation, negotiation and communication skills.
• Strong IT skills (Excel, PowerPoint, Word).
• Experience with data supplier selection Request for Proposals / Information, risk assessment, due diligence and governance.
• Demonstrate an understanding of HSBC Group and MSS strategy and Securities Services products and services, platforms, and market data usage.
• Experience with the securities and derivatives markets and the associated market data providers and content including security reference data, pricing, corporate actions, index / benchmark, ESG and digital asset data.

Youll achieve more at HSBCHSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.***Issued By HSBC Electronic Data Processing (India) Private LTD***

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