Reference Data Operations Associate

Reference Data Operations Associate

BCforward is currently seeking a highly motivated Reference Data Operations Associate for an opportunity in Newark DE!

Position Title: [Reference Data Operations Associate]

Location: [Newark DE]

Anticipated Start Date: [12/02/2024]

Please note this is the target date and is subject to change. BCforward will send official notice ahead of a confirmed start date.

Expected Duration: [4+ months Contract and possible Conversion]

Job Type: [HYBRID/ON-SITE]

Pay Range: [36.00] - [36.55]

Please note that actual compensation may vary within this range due to factors such as location, experience, and job responsibilities, and does not encompass additional non-standard compensation (e.g., benefits, paid time off, per diem, etc.).

DESCRIPTION:

Global Valuation Services is aligned to the Corporate Investment Bank and provides reference data services to the entire firm for instrument and pricing. The organization's objectives are to explain the path that critical data follows, improve data quality, reduce ambiguity and inconsistent terminology, enhance transparency, rationalize the number of replicated data assets, and improve firm wide-sharing of information and best practices. GVS strives create firm wide standards that drive consistent data management of vendor data supporting instrument reference data and daily asset pricing. The organization is improving automation and looking to implement a client service focus.

Within the Reference Data Operations space, the Data Management Oversight team is primarily responsible for maintaining fixed income and equity asset and pricing data in our core Global Security Master Data system for the front and middle office investment groups. The team is responsible for ensuring asset data quality for all intra-firm data subscribers, including front office and back office systems and timeliness of updates to asset data to ensure compliance checks and trades are executed with minimal issues. In addition, the group is responsible for the identification and resolution of escalated issues identified by traders and portfolio managers that occur within Security Master Data and pricing functions, implementing daily controls based on process enhancements, and partnership w/ technology to create a streamlined strategic global data process flow through increased efficiencies and process improvements.

The role requires a great deal of communication with many internal clients, such as the Fund Services Client pricing team, NAV Valuation teams, on-boarding teams, as well Technology multiple platforms. Candidates will be expected to work closely with operations counterparts in these regions on a day to day basis.

Eligible candidates for this role should have a strong background in various security types ranging from Fixed Income bonds to Equity Options. This person will be expected to learn a large number of internal systems, how they interact and impact our overall process. They should be able to trouble shoot issues by interacting with various operations and technology teams globally and be able to resolve issues with short term and long term solutions through technological and / or procedural enhancements.

The ability to articulate and communicate issues and solutions to fellow team members, senior management and internal clients will be a key function as well. Also, they should be able to create and present updates to larger audiences including senior management. This person should be able to prioritize work appropriately and independently as well as act with a sense of urgency to deliver accurate and timely results.

ROLES AND RESPONSIBILITIES

• Daily price capture & validation of all investment types.
• Analyze asset valuation movements on a daily basis.
• Review of price confirmation to ensure validated prices are published accurately
• Analyze price movements against market expectations.
• Complete all daily, monthly, and ad-hoc tasks and reporting as required accurately and to deadline.
• Resolve client queries
• Understand the effect that changes in prices and other data elements have on the market value of an account and be sensitive to these changes
• Investigation of pricing inquiries from business partners
• Communication with vendors, as needed
• Other tasks/ projects related to vendor pricing data as assigned by manager
• Identifying control gaps and quality deficiencies and look to implement tactical and strategic solutions to prevent re-occurrence
• Support audit requests through evidence retrieval and review of pricing activities
• Provide regular updates on projects and metrics to Senior Management.

QUALIFICATIONS

• Bachelor degree with preference in Finance, Accounting, Economics, Mathematics, Computer Science, Engineering or related field.
• 1-3 years of industry experience
• Knowledge of financial instruments and desire to learn new instruments and financial techniques
• Knowledge of industry activities, particularly corporate actions, index tracking and stock markets and fixed income products
• Moderate to advanced knowledge of Bloomberg terminals and products
• Pricing vendor knowledge, i.e. Pricing Direct, Bloomberg, Reuters
• Ability to trouble shoot exceptions/ issues quickly to avoid market exposure
• Strong analytical/ problem solving skills and attention to detail.
• Ability to use creative thinking to identify solutions for complex processes and/ or issues
• Self-motivated and proactive with the ability to work in a team and work accurately and under pressure to meet deadlines
• Ability to work in deadline oriented and controlled environment
• Ability to demonstrate flexibility and adaptability to rapidly changing business and technology needs
• The role holder will be required to operate flexible working hours to cover early starts and/or late finishes as demanded by the business
• Must be able to take ownership of initiatives and drive them to completion with little or no guidance
• MS Excel skills, including pivot tables and v-look ups
• 1 to 3 years asset Pricing or NAV/ Fund accounting experience, preferred but not required
• Demonstrate ability to effectively communicate within a team environment and interact across departments
• Demonstrate customer focus and follow-up skills
• Ability to work independently and multi-task in a fast paced environment
• Understand the effect that changes in prices and other data elements have on the market value of an account and be sensitive to these changes

Benefits:

BCforward offers all eligible employees a comprehensive benefits package including, but not limited to major medical, HSA, dental, vision, employer-provided group life, voluntary life insurance, short-term disability, long-term disability, and 401k.

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About BCforward:

Founded in 1998 on the idea that industry leaders needed a professional service, and workforce management expert, to fuel the development and execution of core business and technology strategies, BCforward is a Black-owned firm providing unique solutions supporting value capture and digital product delivery needs for organizations around the world. Headquartered in Indianapolis, IN with an Offshore Development Center in Hyderabad, India, BCforward's 6,000 consultants support more than 225 clients globally.

BCforward champions the power of human potential to help companies transform, accelerate, and scale. Guided by our core values of People-Centric, Optimism, Excellence, Diversity, and Accountability, our professionals have helped our clients achieve their strategic goals for more than 25 years. Our strong culture and clear values have enabled BCforward to become a market leader and best in class place to work.

BCforward is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability.

To learn more about how BCforward collects and uses personal information as part of the recruiting process, view our Privacy Notice and CCPA Addendum. As part of the recruitment process, we may ask for you to disclose and provide us with various categories of personal information, including identifiers, professional information, commercial information, education information, and other related information. BCforward will only use this information to complete the recruitment process.

This posting is not an offer of employment. All applicants applying for positions in the United States must be legally authorized to work in the United States. The submission of intentionally false or fraudulent information in response to this posting may render the applicant ineligible for the position. Any subsequent offer of employment will be considered employment at-will regardless of the anticipated assignment duration.

Interested candidates please send resume in Word format Please reference job code 231187 when responding to this ad.

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