Market Data Analyst (Hybrid)

Morgan Stanley; Montreal; Hybrid; CAD 70,000 - 110,000; Full time

Job summary

An established industry player is looking for a Market Data Analyst to join their Corporate Services division. This dynamic role involves collaborating with business units to manage market data expenses, influence product strategies, and drive cost-saving initiatives. The ideal candidate will have strong analytical skills, a deep understanding of data provider products, and the ability to communicate effectively with senior stakeholders. Join a forward-thinking company that values diversity and offers a hybrid work environment, where you can thrive alongside talented professionals and contribute to innovative solutions that enhance the employee and client experience.

Benefits

Comprehensive Employee Benefits

Diversity and Inclusion Programs

Flexible Work Environment

Career Development Opportunities

Qualifications

• 4+ years of experience in finance/banking with strong project management skills.
• Proficient in data provider products and vendor management.

Responsibilities

• Collaborate with BU teams to manage market data spending and product selection.
• Analyze contract pipelines and provide insights for ongoing projects.

Skills

Communication Skills

Interpersonal Skills

Critical Thinking

Project Management

Data Analysis

Vendor Management

Financial Reporting

Business English

Education

Bachelor's Degree in Finance or Related Field

Tools

MS Office

BI Tools

Ariba

FITS-Market Data Inventory

Job description

We’re seeking someone to join our team as a Market Data Analyst to work in close partnership with the businesses and support functions to identify and execute opportunities to manage expenses through strategic sourcing, demand management, process reengineering, and procurement management for all firm wide expenses.

In the Corporate Services division, we empower our businesses by creating collaborative workplace solutions and commercial services that enhance the employee and client experience, while optimizing the value of our sourcing and third-party lifecycle to enable the Firm to do-and-win business. This is a Director level position within GSS, the Global Market Data (GMD) group includes Market Data Sourcing, Analysis, Administration, and Inventory Management teams. The Market Data Analysis team partners with each Business Unit (BU) to analyze, evaluate, and understand business requirements for market data, to identify the data sources and vendor products needed to execute the business, and to influence and advise on best-fit solutions. Key functions of the Market Data Analyst role include trusted advisor BU relationship management, analysis of BU requirements and consumption drivers, engagement with vendors on product and service offerings, and development and execution of demand management programs.

What you’ll do in this role:

• Collaborate with Business Unit (BU) COO teams and stakeholders to offer strategic advice on market data products and manage spending.
• Educate and influence BU strategies regarding market data services, including guiding product selection.
• Analyze contract pipelines, provide spend insights, and generate activity summaries for ongoing projects.
• Serve as the primary contact for business inquiries about new vendor data and product requests and lead global market data initiatives.
• Collaborate with Sourcing Managers to maintain knowledge of vendor strategies and product roadmaps, manage competitive product displacements, and facilitate global contract renewals.
• Identify and implement cost-saving demand management opportunities, particularly through contract renewals and vendor product displacements, and collaborate on financial reporting and budgeting with Finance and BU COO teams.

What you'll bring to the role:

• Possesses excellent communication, interpersonal skills, intellectual curiosity, and strong critical thinking with a keen attention to detail.
• Proficient in managing and prioritizing tasks, with a deep understanding of data provider products, strategies, and roadmaps.
• Skilled in influencing and communicating with senior level stakeholders and implementing market data strategies effectively.
• Strong project management capabilities and adept at using MS Office, BI tools, and systems like Ariba and FITS-Market Data Inventory.
• Proactive, self-sufficient, and adaptable team player with the ability to analyze and clarify ambiguous requirements and business needs and translate them into actionable plans.
• At least 4 years of relevant experience in finance/banking.
• Candidate must have business level English language skills in both verbal and written communications.

All our positions are located in Montreal, Quebec. We offer a hybrid work environment, combining remote work and attendance in the office.

Knowledge of French and English is required.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential.