Market Data Sourcing Specialist (Hybrid)

PowerToFly; Montreal (administrative region); Hybrid; CAD 85,000 - 100,000; Full time

Job summary

A leading global financial services firm is seeking a Market Data Sourcing Specialist in Montreal to manage relationships with data providers and oversee contract negotiations. The ideal candidate should have over 6 years of experience in finance, strong negotiation skills, and a proactive approach to managing complex data agreements. This role offers a hybrid working environment and supports employees with comprehensive benefits. Knowledge of both French and English is required.

Benefits

Comprehensive employee benefits

Hybrid work environment

Career development opportunities

Qualifications

• At least 6 years in finance and/or banking.
• Experience in managing supplier engagements.
• Strong understanding of data usage compliance.

Responsibilities

• Manage relationships with data vendors.
• Handle negotiations for renewals and new contracts.
• Collaborate with internal clients to drive data strategies.

Skills

Negotiating complex agreements

Detail-oriented

Excellent communication skills

Project management

Strong analytical skills

Tools

Excel

PowerPoint

Ariba

FITS-Market Data Inventory

Job description

We’re seeking someone to join our team as a Market Data Sourcing Specialist to manage Strategic data provider relationship, be an advisor to business units and Market Data Analysts, do analysis of BU requirements and consumption drivers and development, negotiation, and execution of data agreements.

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 Global Supplier Services, the Global Market Data (GMD) group includes Market Data Sourcing, Analyst, Administration, and Inventory Management functions. The Market Data Sourcing team manages the Firm’s global procurement relationships with providers of market data content and services while partnering with Analysts and business units to evaluate, and understand business’ market data requirements, to identify the data sources and vendor products needed to execute the business, and to influence and advise on best‑fit solutions.

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on…

What you'll do in the role

• Manage relationships with data vendors, serving as the primary contact for sourcing within the firm.
• Handle negotiations for renewals and new contracts, managing the entire contractual lifecycle according to firm guidelines.
• Collaborate with data providers, technology teams, and internal clients and colleagues to understand and align data strategies and drive maximize value.
• Develop and maintain deep knowledge of each vendor to provide strategic recommendations, including utilizing industry knowledge to enhance the way the Firm does business with these providers.
• Manage the strategic aspects of product demonstrations, pilot projects, and opportunities for competitive displacement.
• Work closely with Legal, Finance, and Business Management to resolve any contractual, commercial, compliance, or relationship issues.

What you'll bring to the role

• At least 6 years in finance and/or banking.
• Candidate should possess financial services experience, particularly in managing supplier engagements and a broad range of consumer relationships.
• Requires strong skills in negotiating complex agreements, with a deep understanding of data usage compliance and intellectual property rights.
• Must be intellectually curious, detail‑oriented, and possess excellent communication and interpersonal skills, capable of influencing and gaining support for market data strategies.
• 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.
• Should have robust project management and organizational skills, proficient in Excel and PowerPoint, and ideally some knowledge of Ariba and/or FITS‑Market Data Inventory system.

At Morgan Stanley Montreal, we support the Firm’s global businesses and infrastructure with cutting edge technology and innovation. The multi‑faced and highly technical Montreal team plays a critical role in building and maintaining our leading technology platform, including electronic trading, algorithm trading, cloud engineering, infrastructure, cybersecurity and AI/ML. Morgan Stanley has been rooted in the Montreal community since 2008 and is considered a leading employer among the area’s highly skilled technology talent. There’s ample opportunity to move across the businesses for those who show passion and grit in their work.

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. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

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