Market Data Manager, CIB

Lloyds Banking Group; Birmingham; On-site; GBP 70,000 - 110,000; Full time

Benefits offered by this job

Generous pension (up to 15%)

Annual performance-related bonus

Share schemes

Discounted shopping

30 days holiday + bank holidays

Wellbeing initiatives

Parental leave policies

Job summary

Lloyds Banking Group is seeking a Market Data Manager in Birmingham to own end-to-end vendor governance, contract management and inventory oversight. You will collaborate with internal teams and key vendors to ensure compliant data provision and cost control.

The role requires 5+ years in market data within financial services, and a track record of managing vendor relationships and governance processes. A strong focus on risk, regulatory alignment and operational efficiency is essential.

Qualifications

• 5+ years' experience in market data within financial services.
• Experience managing market data vendors and contracts.
• Ability to assess risks including regulatory, commercial, operational.
• Proven track record in cost control and process governance.

Responsibilities

• End-to-end management of market data vendors and contracts, onboarding and performance.
• Oversee market data inventory, usage records, access, and cost allocation.
• Identify and manage regulatory, commercial, and operational risks.
• Collaborate with internal teams to align data provision with needs.
• Drive cost optimisation and target operating model improvements.
• Provide leadership and coaching as the role evolves.
• Stay aware of industry, vendor, and regulatory developments.

Skills

Market data expertise

Vendor relationship management

Contract management

Risk management

Data governance

Cost optimisation

Analytical thinking

Tools

Bloomberg

LSEG

Job description

Based within the CIB Chief Operating Office, we partner closely with internal teams and external suppliers such as Bloomberg and London Stock Exchange Group. As our Market Data Manager, you’ll bring subject matter expertise across contracts, usage, governance and supplier performance, helping to protect the bank while enabling colleagues to access the data they need to serve our clients and support CIB’s growth strategy.,

• End-to-end management of market data vendors and contracts, including onboarding new services, contract implementation and ongoing supplier performance, working closely with Supplier Management and key vendors such as Bloomberg and London Stock Exchange Group
• Oversight of market data inventory and usage records, including access management, usage reporting and cost allocation. Ensure contractual terms are met and support effective cost control across the business.
• Proactive identification, assessment and management of risks associated with market data provision, including regulatory, commercial and operational risks, with issues managed through established governance routes
• Partnering with internal collaborators to understand business needs, provide subject-matter expertise on market data solutions, and ensure data provision aligns to current and future requirements
• Driving optimisation and efficiency by evaluating solutions, finding opportunities for cost mitigation, and supporting delivery of a sustainable target operating model as the business evolves
• Maintaining strong awareness of industry, vendor and regulatory developments relevant to market data, applying this insight to inform decision-making and advise the business
  Significant experience (5+ years) working with market data or market data services, gained within a financial services organisation, market data provider or data services business
• Experience managing market data vendors or client relationships, including contract implementation, usage considerations and ongoing commercial or service discussions
• Demonstrated experience (5+ years) working with market data inventory, entitlement models, licence records or usage reporting, from either a consumer or provider perspective
• Strong ability to identify and manage risk, including regulatory, commercial and operational considerations, applying sound judgement and supporting appropriate outcomes
• Experience providing day-to-day leadership, coaching or supervision to colleagues, supporting development, knowledge-sharing and effective delivery, with line management responsibilities as the role evolves
• Analytical and structured thinking, with the ability to evaluate options, interpret data from multiple sources and support cost optimisation or efficiency improvements

We know that great talent comes from many backgrounds. Whilst this job advert may reference specific years of experience, we recognise that skills are developed in many ways, so if you have relevant, transferable experience, we encourage you to apply.

At Lloyds Banking Group, we’re driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you’ll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you’ll have many opportunities to learn, grow and develop. We keep your data safe. So, we’ll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We’ll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person. We’re focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.

Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities and we’re committed to creating an environment in which everyone can thrive, learn and develop. We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer Initiative. We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme. We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need. We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%
• An annual performance-related bonus
• Share schemes including free shares
• Benefits you can adapt to your lifestyle, such as discounted shopping
• 30 days' holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies