Market Data Sourcing Specialist Lead (Hybrid)

Morgan Stanley; Montreal; Hybrid; CAD 120,000 - 180,000; Full time

Job summary

A leading financial services firm is seeking a Market Data Sourcing Specialist Lead in Montreal. This Vice President level role involves managing vendor relationships, leading a team, and developing strategic data solutions. Candidates should possess strong negotiation skills, financial services experience, and leadership abilities, with a hybrid work environment available.

Qualifications

• Minimum 7-9 years of experience in finance/banking.
• Experience managing supplier engagements and consumer relationships.
• Business-level English language skills required.

Responsibilities

• Oversee and develop a team of Market Data Sourcing Specialists.
• Act as the primary contact for data vendors and manage contract negotiations.
• Collaborate with internal clients to enhance data strategies.

Skills

Negotiation

Leadership

Communication

Project Management

Financial Services

Education

J.D. Degree focusing on contracts and intellectual property

Tools

Excel

PowerPoint

Ariba

FITS-Market Data Inventory system

Job description

We’re seeking a Market Data Sourcing Specialist Lead to join our team, responsible for managing strategic data provider relationships, advising business units and Market Data Analysts, analyzing BU requirements and consumption drivers, and developing, negotiating, and executing 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 Vice President 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, partnering with Analysts and business units to evaluate and understand business market data requirements, identify data sources and vendor products needed to execute the business, and influence and advise on best-fit solutions.

Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals worldwide achieve their financial goals.

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

What you'll do in the role :

• Oversee and develop a team of 2-3 Market Data Sourcing Specialists, aligning with global objectives and managing performance metrics.
• Act as the primary contact for data vendors, managing relationships, and handling all aspects of contract negotiations and lifecycle.
• Collaborate with data providers, technology teams, and internal clients and colleagues to understand and integrate key data strategies, enhancing firm value.
• Maintain deep knowledge of managed vendors to provide strategic recommendations and improve business interactions.
• Lead strategic initiatives for product demonstrations, pilot projects, and competitive opportunities.
• Work closely with Legal, Finance, and Business Management to address contractual, commercial, compliance, and relationship issues.

What you'll bring to the role :

• Financial services experience, particularly in managing supplier engagements and a broad range of consumer relationships. A J.D. Degree focusing on contracts and intellectual property is a plus.
• Strong skills in negotiating complex agreements, with a deep understanding of data usage compliance and intellectual property rights.
• Proven leadership and people management skills, with experience in team development and mentorship.
• 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 translate them into actionable plans.
• Robust project management and organizational skills, proficiency in Excel and PowerPoint, and knowledge of Ariba and / or FITS-Market Data Inventory system is preferred.
• Business-level English language skills in both verbal and written communication.
• Minimum 7-9 years of experience in finance / banking.

All positions are located in Montreal, Quebec, with a hybrid work environment combining remote and in-office attendance. Knowledge of French and English is required.

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