Market Data Specialist at Nedbank

Job Responsibilities;

• Inventory management: Understand current state of market data usage, management, reporting and inventory more broadly and apply techniques from across industries to build towards best practice.
• Market data quality assurance: ensuring that Market data is allocated and used for the right purposes within markets 
• Actively work with desk heads and business users to understand the nuances in the usage of applications and the respective market data utilization.
• Identity instrument utilization gaps and provide smart solutions to map market data user utilization across data sets
• Exchange reporting on market data utilization as per contract agreement
• Reporting to markets data suppliers and internal finance clusters for accurate invoicing and billing
• Cost controls: undertake market data cost control and cost avoidance strategies, and provide innovative ways to optimise cost
• Understand how incorrect pricing and inaccurate data usage can lead to cost discrepancies from exchange and vendor reporting 
• Governance: understands business problems and design end-to-end processes and governance to manage market data
• Keep abreast with latest tools and techniques to efficiently manage market data
• Engage with stakeholders and vendors alike, on smart ways to automate market data usage monitoring
• Troubleshooting the impact of pricing across a number of financial instruments is critical as well as providing smart solutions on data exceptions 
• Ensure Quality controls of own work
• Map problems and gaps identified, and quantify the impact of proposed solutions
• Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed, experience practiced and certifications obtained and/or maintained within specified time frames.
• Enable skilling and required corrective action to take place by sharing knowledge and industry trends with team and stakeholders during formal and informal interaction
• Obtain buy-in for developing new and/or enhanced processes (e.g., operational processes) that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.
• Support the achievement of the business strategy, objectives and values
• Stay abreast of developments in field of expertise
• Ensure personal growth and enable effectiveness in performance of roles and responsibilities
• Contribute to the Nedbank Culture building initiatives (e.g., staff surveys etc.).
• Participate and support corporate responsibility initiatives for the achievement of business strategy
• Seek opportunities to improve business processes, models and systems though agile thinking

Essential Qualifications - NQF Level

• National 1st Degrees 

Preferred Qualification

• BCom Hons Economics/Financial Management/Investment management/Accounting

Minimum Experience Level

• 5-10 years experience in a Markets data team
• Previous experience in Data management 
• Ability to navigate in a complex environment 
• Strong stakeholder engagement 
• Excellent written and verbal communication skills along with strong desire to work in cross functional teams.
• Attitude to thrive in a fun, fast-paced start-up like environment

Knowledge of/Experience with Market Data entitlement platforms including user change management as well as reporting/declaration: i.e. 

• Front Area
• DACS
• EMRS
• Wall Street

Knowledge of core Market Data vendors and principal products: 

•  Refinitiv 
•  Bloomberg 
•  IRESS

Understands the difference between Market Data vendor product categories

• Terminals
• Exchanges
• Data Feeds
• Broker Data
• Indices
• Reference Data
• Ratings Agencies
• Specialist Research
• Experience with Market Data entitlement/exchanges and data compliance policies including usage reporting
• JSE
• LME
• CME
• ASX
• NASDAQ
• ICE
• Experience with managing Market Data contracts as well as invoice reconciliation and finance workflow process management Including budgeting
• General experience dealing with Financial Market Products/Desks
• MIS platforms – i.e. MS Power BI, Qlik, Tableaux
• Advanced Excel

Technical/Professional Knowledge;

• Continuous Process Improvement
• Data Analysis
• Data Quality Assurance
• Information Management
• Product and Services Knowledge
• Risk Awareness
• Risk Management
• Written Communication
• Contract Management
• Actively monitor, manage, and optimize the cost associated with the market data usage
• Analysing data that requires an in-depth evaluation of multiple factors
• Data entitlements, governance, and exchanges subscription entitlement management
• Bloomberg/Refinitiv or relevant market data application user License management
• Vendor Management and issue escalation - Bloomberg Support Desk, Account Management
• Understanding the flow of market data process into trading applications 
• Annual review of SLA’s and commercials for all technical 3rd party agreements.
• Assist functional teams with pricing/instrument lookups
• Management of market data inventory (i.e., Bloomberg terminals and Thomson Reuters Dealing terminals)
• Liaise directly with market data vendors:  Bloomberg, Reuters, Exchanges, and Brokers
• Market data audits and management 
• Project management on market data streams
• Periodic Market Data usage reporting
• Communication
• Checking Details
• Developing Expertise
• Documenting Facts
• Embracing Change
• Examining Information
• Exploring Possibilities
• Following Procedures
• Collaborating with stakeholders
• Analysing situations or data that requires an in depth evaluation of multiple factors
• Financial modelling and analytics
• Research and analytics
• Strategy planning and execution
• Decision Making
• Innovation

Technical/Professional Knowledge and Skills;

• Customer Focus
• Applied Learning
• Continuous Improvement
• Analysing situations or data that requires an in depth evaluation of multiple factors
• Financial modelling and analytics
• Research and analytics
• Strategy planning and execution

Behavioural Competencies;

• Decision Making
• Innovation
• Technical/Professional Knowledge and Skills
• Customer Focus
• Applied Learning
• Continuous Improvement