Market Data Commercial Manager

Randstad Sourceright; Greater London; Hybrid; GBP 65,000 - 90,000; Full time

Job summary

Randstad Sourceright in London is seeking a Market Data Commercial Manager on a 6-month contract to govern and optimise major market data vendor relationships. You will drive negotiations, licensing strategies, and cost-saving initiatives across global markets.

The role requires strong vendor management, budgeting, and cross‑functional stakeholder engagement to ensure regulatory alignment and strategic vendor performance.

Qualifications

• Experience managing market data procurement and vendor relationships in finance.
• Track record in licensing deals covering reference data, indices and market products.
• Strong forecasting, budgeting and cost‑saving delivery.

Responsibilities

• Lead supplier governance and high-stakes negotiations with market data providers.
• Drive cost optimisation and manage multi-million-pound budgets.
• Oversee contract/licensing audits and terms alignment.
• Advise senior leaders across trading, investments, tech, legal, finance and compliance.
• Ensure vendor arrangements comply with UK/EU regulatory frameworks.

Skills

Market data management

Procurement

Vendor negotiations

Financial forecasting

Budget administration

Stakeholder engagement

Job description

Job title: Market Data Commercial Manager

Location: London (Hybrid working)

Contract length: 6 months

Are you an experienced Market Data & Procurement professional looking to drive high-impact commercial negotiations across global financial markets?

Randstad Sourceright, a leading provider of RPO & MSP Recruitment Services is currently seeking a strategic and results-driven Market Data Commercial Manager to join their Market Data Strategy team in London on a 6-month contract. In this key position, you will govern, optimise and strategically manage major vendor relationships across market data, reference data, indices and benchmark providers.

Key Responsibilities

• Supplier Governance & Negotiation: Drive high-stakes vendor negotiations and commercial evaluations alongside major index and market data suppliers
• Cost Optimisation & Budget Management: Implement cost-reduction initiatives, oversee multi-million-pound spending and secure sustainable commercial savings
• Contract & Licensing Management: Oversee licensing audits, contractual terms and supplier delivery to maintain compliance and strategic alignment
• Cross-Functional Stakeholder Engagement: Serve as a trusted advisor to senior leaders across Trading, Investments, Technology, Legal, Finance and Compliance
• Regulatory Compliance: Guarantee that vendor arrangements align with benchmark regulation and UK/EU legal frameworks

What We Are Looking For

• A background managing market data, procurement or commercial vendor relationships within investment banking, asset management or major data providers
• Demonstrated background delivering large-scale licensing deals covering reference data, indices and financial market products
• Strong capability in financial forecasting, budget administration and delivering systematic cost savings
• Outstanding interpersonal capabilities, analytical mindset and a highly collaborative approach to negotiation