Director Market Data Management

Mackenzie Investments; Canada; On-site; CAD 100,000 - 125,000; Full time

Job summary

A financial services company in Canada is seeking a Director of Market Data Management to lead the strategy and execution of market data initiatives. The role requires a deep understanding of market data management practices, strong leadership skills, and a background in financial services. The ideal candidate will manage vendor relationships, analyze usage data, and collaborate across internal departments to drive efficiencies. Competitive compensation and opportunities for growth are offered.

Qualifications

• Minimum 15 years of work experience in financial services with 5+ years of market data management experience.
• Proven ability to lead and mentor teams, drive results, and communicate effectively with stakeholders.
• Strong detail orientation, analytical skills, and experience with data trends.

Responsibilities

• Lead the Market Data Management Team and develop market data strategies.
• Manage market data vendor relationships and optimize enterprise spend.
• Analyze usage data and provide management reporting on spend and usage.

Skills

Leadership

Analytical skills

Relationship building

Project management

Data analysis

Education

University degree in Business Management or finance

Tools

TRG Screen

Microsoft Excel

Microsoft PowerPoint

Job description

Position

Reporting to the AVP Procurement Services, the Director Market Data Management is responsible for leading the Market Data Management Team in developing and executing market data strategies and driving cost-saving initiatives across the organization. The ideal candidate should have a deep understanding of market data management practices (incl. vendors in the marketplace), strong leadership skills and experience with TRG Screen.

Responsibilities

• Facilitate development of IGM’s market data strategy
• Explore innovative industry solutions to reduce market data consumption
• Lead a team of Market Data professionals in providing market data vendor management, strategy & governance and sourcing related activities to meet stakeholder objectives
• Work with market data consumers across the enterprise to understand needs and identify opportunities to manage demand and reduce duplication
• Identify duplicative data sources and options to reuse data to avoid redundant queries
• Review usage of niche providers that can be moved to a more ubiquitous firm to drive scale and cost efficiencies
• Look for ways to maximize what we have (i.e. manage the value we get)
• Make connections across IGM user groups (i.e. best practices; one group to provide the data to other groups) to optimize enterprise spend
• Analyze and drive insights from TRG Screen market data subscription management platform
• Provide transparent management level reporting by department and vendors (usage, spend, etc.)
• Understand and enforce procurement and contracting processes and policies, adopt usage of the procurement platform for supplier management and contract activities
• Work with Finance on appropriate allocation of costs to drive transparency and decision-making (non-market-data items should be moved to other cost centers)
• Develop data-related reporting/dashboards to use in making informed decisions to optimize usage, renew contracts, and promote cost efficiencies
• Inform impacted users of changes to a given service
• Collaborate with Strategic Sourcing on supplier selection processes when required and consult, as required, on strategies for upcoming contract renewals
• Assess compliance with licensing agreements by conducting regular audits and provide advice for third-party initiated audits
• Facilitate the monthly Market Data Council meeting

Qualifications

• University degree in Business Management (BBA, BComm, MBA) or finance
• Minimum 15 years of work experience (ideally within the financial services industry) with at least 5 years of related market data management experience with a focus on strategy and cost reduction
• Experienced people leader who can effectively coach and mentor a team, set appropriate annual targets and drive results
• Able to hold conversations with executives, build relationships at all levels and “stir the pot” to encourage stakeholders to think differently
• Understands requirements of front and back offices, and the appropriate market solutions
• Strong proficiency in service subscription inventory systems (preferably TRG Screen)
• Successfully navigate ambiguity and varying management styles
• Strong organizational skills, proactive, self-starter with a sense of accountability
• Able to multi-task and independently prioritize tasks
• Detail oriented with strong analytical skills, ready to analyze complex data, identify trends and make data-driven recommendations
• Excellent written/oral communication skills
• Advanced knowledge of Microsoft Office applications (Advanced Excel & PowerPoint)

Please visit our career page by clicking on the following link: https://www.mackenzieinvestments.com/en/careers

We thank all applicants for their interest in Mackenzie Investments; however, only those candidates selected for an interview will be contacted.

Mackenzie Investments is an accessible employer committed to providing a barrier free recruitment experience. If you require an accommodation or this information in an alternate format at any stage of the recruitment process, please reach out to the Talent Acquisition team who will work with you to meet your needs.