Market Data Vendor Manager
Fidelity Canada
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Benefits offered by this job
Job summary
Fidelity Canada in Toronto is seeking a seasoned Market Data professional to own governance, vendor management and cost optimization within our Canadian Global Market Data function. This role collaborates with business and technology teams to ensure compliant, cost-efficient data services.
You will manage relationships with major vendors, oversee administration and reporting, and mentor stakeholders on market data solutions.
Qualifications
- University degree in Business, Finance, Technology, or related discipline, or equivalent work experience.
- Minimum 5+ years of market data experience in the financial services industry.
- Knowledge of market data products, terminals, real-time and reference data, licensing models, and governance practices.
- Experience managing vendor relationships, contracts, and service performance.
- Strong analytical, reporting, and cost optimization capabilities.
- Excellent stakeholder management and communication skills.
- Exposure to audit, risk, or regulatory environments.
Responsibilities
- Govern market data governance and vendor management, including contract negotiations and performance reviews.
- Oversee day-to-day market data administration, onboarding, entitlement management, and cost controls.
- Advise business and technology stakeholders on market data solutions and strategic initiatives.
- Support budgeting and forecasting through usage and spend analysis, and produce dashboards.
- Act as escalation point for market data issues and drive continuous improvement.
Skills
Education
Tools
Job description
You will be working on a flexible hybrid schedule as part of Fidelity’s dynamic working arrangement.
The work location for this role is 483 Bay Street in Toronto until approximately late 2026, when the work location will change to the new Mississauga office at 3 Robert Speck Parkway.
At Fidelity, we’ve been helping Canadian investors build better financial futures for over 35 years. We offer individuals and institutions a range of trusted investment portfolios and services - and we’re constantly seeking to find new and better ways to help our clients. As a privately owned company, we boldly embrace innovation in all areas as we continue to grow our business into the future.
You will be working on a flexible hybrid schedule as part of Fidelity’s dynamic working arrangement.
The work location for this role is 483 Bay Street in Toronto until approximately late 2026, when the work location will change to the new Mississauga office at 3 Robert Speck Parkway.
The role serves as the Canadian extension of Fidelity International’s Global Market Data function, supporting market data governance, administration, vendor management, compliance, reporting, and cost optimization. This position partners closely with business, technology, global market data teams, and external vendors to ensure efficient service delivery and alignment with global operating models and governance frameworks.
- Market Data Governance & Vendor Management Manage relationships with market data vendors including Bloomberg, LSEG, MSCI, FactSet, S&P, and Moody’s. Support contract negotiations, service reviews, and vendor performance management while ensuring alignment with global strategies and governance standards.
- Market Data Administration & Operations Oversee day-to-day market data administration activities, including onboarding/offboarding, entitlement management, invoice validation, inventory maintenance, and usage monitoring to ensure accurate controls and reporting.
- Stakeholder Support & Business Partnership Act as a trusted advisor to business and technology stakeholders by providing mentorship on market data solutions, assessing business requirements, and supporting strategic initiatives with efficient and compliant data services.
- Financial Management, Compliance & Reporting Support budgeting and forecasting through market data usage and spend analysis. Produce reporting and dashboards while ensuring compliance with vendor licensing agreements, internal policies, and audit requirements.
- Issue Resolution & Continuous Improvement Serve as the primary escalation point for market data service issues, coordinating with vendors and global teams to resolve incidents and drive ongoing process, governance, and cost-efficiency improvements.
- University degree in Business, Finance, Technology, or related discipline, or equivalent work experience.
- Minimum 5+ years of market data experience within the financial services industry.
- Good understanding of market data products, including terminals, real-time and reference data, indices, ratings, research platforms, licensing models, and governance practices.
- Experience managing vendor relationships, contracts, and service performance.
- Strong analytical, reporting, and cost optimization capabilities.
- Proficiency with Excel, Power BI, and other reporting tools.
- Excellent stakeholder management and communication skills.
- Exposure to audit, risk, or regulatory environments.
- Preferred FISD, IMC, or other relevant market data or financial services certifications.
Current work authorization for Canada is required for all openings.
We believe exceptional work deserves exceptional recognition. That’s why we offer a competitive compensation package designed to support your success today—and your financial well-being tomorrow.
For this role, your total rewards include
- Base Salary and Discretionary Performance Bonus Total annual cash compensation (base salary plus target bonus) ranges from $99,000 to $117,000, based on experience and qualifications.
- RRSP Contribution After 6 months of employment, we invest in your future with an RRSP contribution—no employee matching required.
We’re proud to offer a compensation package that aligns with provincial pay transparency requirements.
This posting represents an existing vacancy within our organization—an opportunity to step into a role where your talents will make a meaningful difference.
We use AI-enabled LinkedIn Hiring Assistant to support parts of our sourcing process as well as an AI screening tool that assists in screening and assessing applications. Every hiring decision is reviewed and finalized by our recruiters. If you choose to ask questions to the LinkedIn HR Hiring Assistant, please be mindful that the responses are not official and must be confirmed for accuracy and completeness by Fidelity. If you are selected for an interview, the recruiter who contacts you can best answer your questions.
- Flexible working arrangements - 100% remote, hybrid, and in office options
- Competitive total compensation, including company contributions to your group RRSP without a matching requirement from you
- Comprehensive health benefits that start on your first day, with 100% employer-paid premiums, that include up to $5000 annually for mental health services and therapy
- Parental leave top-up to 100% of your salary for a period of 25 weeks
- Up to $650 for home office equipment
- Generous time off policy, including 2 paid days annually to volunteer at a charity of your choice
- Diversity and inclusion programs, including an active network of Employee Resource Groups
- Extensive professional development opportunities, including access to over 11,000 training and development courses, tuition reimbursement, and monetary rewards for completing a required designation
- We care a lot about fostering a compassionate, people-centric culture, and are proud to have been named one of Canada’s Top 100 employers for the last five years.
Fidelity Canada is committed to fostering a diverse and inclusive workplace. We will consider all qualified applicants for employment regardless of race, color, religion, sex, sexual orientation, gender identity or expression, national or ethnic origin, age, disability, family status, protected veterans’ status, Aboriginal/Native American status or any other legally-protected ground.
Fidelity Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process. If you require an accommodation, please email us at FidelityCanadaStaffing@fidelity.ca.
We thank all applicants for their interest, please be advised that only those selected for an interview will be contacted.
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