Job Description: - The DQM (Data Quality Management) Representative is responsible for managing the quality, integrity and validity of security, pricing and analytics data.
- The data management specialist is considered an escalation point who is responsible for accuracy of Security Master data, pricing and those market data feeds/factors impacting analytics (Yield, Duration, and Convexity).
- The DQM rep will work closely with and work as an extension of our India DQM processing team to proactively address Run the Bank (RTB) data management activities and assist with Change the bank (CTB) initiatives.
- The Data Management team provides technical advice/support to both the business and internal stakeholders that includes the identification and resolution of security and pricing data quality issues.
- The DQM Rep team acts as a key point of contact for liaising and consulting with stakeholders to ensure best practice is followed data integrity issues are effectively escalated and resolved in an efficient manner.
- The team is expected to address all facets of the security set-up process and determine possible downstream impacts.
- This requires a good understanding of the life cycle of a trade.
- The team is exposed to many financial products which includes Equities, Fixed Income (MBS, ABS, Corporate, Municipals), Derivatives (Swaps, Options, Futures), and Cash (CP, CD, TD, Repos).
- The team is responsible for maintaining Security Master and updating pricing using authoritative market data sources; validating security set-ups for accuracy and working with various operational teams (Transaction Processing Group security trade related issues, Reconciliations cash break resolution and Client Onboarding team in-kind asset transfers) as well as external vendors, market data sources and IT teams to investigate, understand and remediate root cause.
Qualifications: - Bachelor's degree required
- 5+ years in the buy side financial industry (asset management, private banking).
- Ability to lead/guide through issues and mentor offshore teams during time sensitive and high pressure activities.
- Understanding of Security Master Data and the impact of that data on Pricing and Analytics. Ability to collect necessary back-up prior to requesting authorization to update database.
- Identify processes for continuous data quality improvement, proactively track multiple data related issues
- Hands on experience utilizing Bloomberg and Reuters.
- Experience with portfolio, trading platforms (Aladdin) as well as excellent understanding of life cycle of a trade.
- Strong experience in Data Quality, identifying issues and perform root cause analysis. Escalate with management in the event processing or control gaps.
- Subject matter expert for Data Management complex issues. Ability to make recommendations in efforts of creating processing efficiencies.
- Ensure tasks are followed according to Operating Procedures and provide support to offshore teams.
- Act as escalation point for Front Office queries - Pricing and Data related issues and ensure issues are addressed in timely manner by Offshore functional processing teams.
- Detailed understanding of Pricing and Analytics across multiple asset classes.
Qualifications That Will Help You Excel: - Effectively manages own time and complete tasks on time. Proactively engage team on issues where there are challenges and step in to help clear aging items.
- Focusing on continually improving on our practices and seeking out more efficient solutions.
- Taking personal ownership for delivering and achieving outcomes. Effectively communicate obstacles, business opportunities and challenges up the value chain.
- Demonstrates commitment to the organizational - behaviors and practices tied to DWS values & beliefs. Actively seeks and responds to feedback on own performance in a positive manner.
- Ability to make sound judgment when to raise concerns and escalate with management.
- Good critical thinking skills. Ability to quickly learn under a time sensitive and high pressure environment.
- Build and maintain strong internal and external working relationships.
- Excellent organization and communication skills.
- Thoroughness and attention to detail a must.
- Ability to identify and prioritize multiple tasks.
RATE RANGE: 40-47/HR (based on experience) •
Last updated on Nov 10, 2023