Market Data Commercial Manager

Schroders; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading global investment manager is seeking a skilled Market Data Commercial Manager to oversee vendor negotiations and manage compliance within market data operations. This role involves extensive interaction with stakeholders and requires a strong background in market data management, regulatory compliance, and contract management. You will join a collaborative team dedicated to delivering exceptional service and optimizing processes in a dynamic environment.

Qualifications

• Proven track record in market data negotiations.
• Good understanding of index data procurement preferred.
• Ability to work under tight deadlines.

Responsibilities

• Manage contract renewals and vendor interactions.
• Ensure compliance with vendor terms and conditions.
• Support business by reviewing contracts.

Skills

Negotiation

Compliance knowledge

Relationship management

Attention to detail

Communication

Tools

MS-Office (Excel)

Optimize

DART

DACS

Job description

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Job Description

Market Data Commercial Manager

Who we're looking for

You will have a strong background in Market data with proven negotiation skills and a knowledge of compliance ideally from an Investment Management background, You will be working with a very experienced and supportive team with a broad range of stakeholders and role responsibilities so must be a team player.

About Schroders

We're a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.

We have around 6,000 people on six continents. And we've been around for over 200 years, but keep adapting as society and technology changes. What doesn't change is our commitment to helping our clients, and society, prosper.

The base

We moved into our new HQ in the City of London in 2018. We're close to our clients, in the heart of the UK's financial centre and we have everything we need to work flexibly.

What you'll do

You will have a good knowledge of Market Data operations with relevance to activities within an investment management company. As a Market Data Commercial Manager, the role will require undertaking demand challenges with vendors as well as internal business groups to ensure effective cost-control, identification of saving opportunities and the consolidation/rationalisation of products within our supply chain. You will identify key stakeholders to determine market data business requirements, and you will be required to support the business by reviewing draft contracts and negotiating the commercials with our service providers. The function will simultaneously need to provide suitable compliance oversight to ensure adherence to vendor terms and conditions. This will require significant interaction with internal groups to educate and manage operating behaviours.

Ideally, the role also expects a strong background in the procurement of Index data, covering the key providers, their commercial policies, usage rights and associated challenges. Previous knowledge around how a buy-side asset manager benefits from its use would also be beneficial.

Key workflows for this function within Market Data include:

• Global engagement for vendor management in-line with the firms ongoing needs
• Facilitation of BAU requests for services through demand management
• Entitlements and user permissioning
• Product utilisations with users and providers
• Contract pipeline management
• Responsible for vendor reporting and declaration requirements
• Monthly processes - month-end checks, inventory preparation, MI generation and reporting
• Commercial oversight for contractual obligations around subscriptions and usage
• Efficiency based optimisation of user needs and vendor services
• Represent Market Data within Project groups where appropriate
• Engagement with business requestors on new requirements and existing renewals

Key Responsibilities:

• Manage the contract renewals process through pipeline tracking and interaction with the Business in accordance with our 'High/Low' and 'Front to Back' commercial processes
• Engagement with the standard BAU process of ordering data, including the process for indices
• Management of contractual renewal pipeline and maintaining a lens on cost rationalisation and demand management at all times.
• Business Relationship management and Vendor liaison as an owner of the commercial relationships with our providers
• Support for service enablement and escalation point for service and vendor issues
• Advising new/existing users and stakeholders about vendor policies and market data license restrictions
• Consultancy expertise to users/project teams at the contract level with regard to data usage and licensing
• Understanding and validating technical controls and system usage
• Responsible for recharge methodology for contracts managed
• Key liaison to Legal as part of the commercial review process
• Inventory updates and maintenance of contracts records
• Assisting the Global Team with cross-function Reporting and MI generation

The knowledge, experience and qualifications you need

• A strong Commercial Manager with a proven track in market data commerciality, negotiations, compliant use of data and regulatory impacts
• A good understanding around procurement of Index data is also preferred
• Experience of working with vendors at both a strategic and tactical level, including Bloomberg, FactSet, LSEG, ICE Data Services, FTSE Russell, MSCI etc.
• Experience of market data systems such as Optimize (previously FITS), DART, DACS . Also Strong MS-Office skills, especially Excel
• Excellent communication and relationship management skills
• Acute attention to detail and a can-do flexible attitude
• Able to work to tight deadlines, particularly in relation to diarised processes and contract expiries
• Good knowledge of Investment Management - what we do as a firm/how we make money

We recognise potential, whoever you are

Our purpose is to provide excellent investment performance to clients through active management. Diversity of thought, facilitated by an inclusive culture, will allow us to make better decisions and better achieve our purpose. This is why inclusion and diversity are a strategic priority for us and why we are an equal opportunities employer. You are welcome here, regardless of your age, disability, gender identity, religious beliefs, sexual orientation, socio-economic background, or any other protected characteristic.

About Us

We're a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.

We have around 6,000 people on six continents. And we've been around for over 200 years, but keep adapting as society and technology changes. What doesn't change is our commitment to helping our clients, and society, prosper.