Market Data Support Manager
Apex Group Ltd
The Apex Group was established in Bermuda in 2003 and is now one of the world’s largest fund administration and middle office solutions providers.
Our business is unique in its ability to reach globally, service locally and provide cross-jurisdictional services. With our clients at the heart of everything we do, our hard-working team has successfully delivered on an unprecedented growth and transformation journey, and we are now represented by over circa 13,000 employees across 112 offices worldwide.Your career with us should reflect your energy and passion.
That’s why, at Apex Group, we will do more than simply ‘empower’ you. We will work to supercharge your unique skills and experience.
Take the lead and we’ll give you the support you need to be at the top of your game. And we offer you the freedom to be a positive disrupter and turn big ideas into bold, industry-changing realities.
For our business, for clients, and for you
Details of required position
Position(s) Reports to:
Vice President
Functional Title:
Team Manager
Corporate Title:
Assistant Vice President
Work Location:
Bangalore
About Apex
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 45 offices worldwide and 3,000+ employees, Apex delivers a broad range of solutions to asset managers, capital markets and private clients. The Group has continually improved and evolved its service suite to cover three key pillars: fund solutions, financial solutions and corporate solutions. Apex administers over
$750 billion in assets globally.
For more information please visit our website - www.apexfundservices.com
Job Summary
The candidate should be well versed with Pricing, Reference Data, Corporate action, Portfolio accounting.
He/She must be a dynamic personality with ability to work tactically wherever needed with quality results. The candidate must be having very good communication and should be competitive to connect with stakeholders across the globe. The candidate should be capable of running the Projects independently.
He/she should possess a minimum experience of 5 years in managing and handling a team.
Job Responsibilities:
- Team management and supervision
- Processing and verification of daily and monthly pricing across multiple asset classes.
- Ensuring accurate valuations and performing validation process across all capital market products including but not limited to derivatives and OTC securities.
- Setup of OTC securities, including unlisted derivatives, illiquid stocks and private equity, bank debt and swaps, and their processing into the fund accounting platform will be an added advantage.
- Processing and verification of daily market prices on listed securities from multiple vendors, including market research on large variances and stale/missing prices.
- Strong knowledge about Bloomberg, ICE, Markit, Refinitiv, SIX, etc
- Strong knowledge on overall pricing concepts like price types, vendor hierarchy, price methodology, market value concept, etc.
- Processing and verification of valuations on OTC securities from data vendors and counterparty statements.
- Review of corporate actions on portfolio holdings and necessary correction and posting of exceptions.
- Documentation of trade file mapping requirements for existing and new clients, and working with various internal groups (Analytics, Client Services) and external client if needed, to automate pricing workflows.
- Working closely with multiple vendors to identify issues, track them and drive their resolution. Knowledge on API for BBG and Reuters is preferred.
- Maintenance and creation of standard Operating Procedures
- Providing assistance to supervisors, auditors and fund accountants as and when required.
- Daily MIS
Qualification & Experience required
- 9 – 11 years of experience in investment banking
- Bachelors/Master’s degree in a financial domain
- Operational experience in a financial institution will be a strong advantage
- Good knowledge of OTC products such as foreign exchange options, swaps, swaptions, Spots, forwards, credit default swaps
- Should possess Decision making, problem solving and tactical skills. Multitasking is a must.
- Strong organizational skills and structured management approach, supporting timely delivery of complex meeting material that includes input from across the global valuations team
- Strong communication skills including the ability to distil complex issues into an easy digest summary for senior management
- Confident and assertive with the ability to negotiate and influence constructively across teams and geographies
- Knowledge of the hedge fund administration business and/or industry will be a strong advantage.
- Knowledge of either Paxus, Advent Geneva ®, or Broadridge suite of applications related to the Fund Administration business, or both, will be a strong advantage.
- Excellent Communication skills
- Flexible with shift timings
- Ability to work under time constraints and handle pressure
- Strong analytical skills, detail orientation & service commitment
- Good understanding of programming in VBA would be good plus.
- Strong Analytical skills and attention to detail.
- An ability to work under pressure with changing priorities
Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.