Market Data Optimisation - Pricing and Reference Data Lead (12 month Fixed Term Contract)

Legal And General Group; Greater London; On-site; GBP 100,000 - 125,000; Full time

Job summary

A major UK financial services group is seeking a Pricing and Reference Data Lead for a 12-month fixed term contract in London. This role involves managing vendor relationships for security pricing data and ensuring compliance with regulations. The ideal candidate will have a strong background in vendor management, negotiation of data contracts, and excellent analytical skills. Benefits include a competitive pension plan, annual performance-related bonus, and flexible working options.

Benefits

Performance-related bonus

Generous pension contribution

Healthcare Plan

Flexible working options

Employee discounts

Qualifications

• Experience in market data or vendor management within asset management.
• Ability to negotiate complex data contracts.
• Familiarity with EU/UK market data regulations.
• Strong analytical and financial modelling skills.

Responsibilities

• Lead vendor negotiations related to security pricing data.
• Ensure compliance with data governance frameworks.
• Partner with Legal and Procurement teams.
• Analyse vendor spend and rationalise models.

Skills

Vendor management

Negotiation skills

Stakeholder management

Analytical skills

Education

Degree in Finance or Economics

Professional qualifications (FIA, CFA)

Tools

Excel

Power BI

Market-data tools

Job description

Company Description

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

Our global asset management business provides our clients and partners with complex, responsible investment solutions, working internationally across public and private markets.

Who we are

We are one of Europe’s largest asset managers and a major global investor across public and private markets.

Asset Management is a critical driver of our Group strategy. The business aims to work synergistically with our Institutional Retirement and Retail divisions to benefit our clients and customers, and deliver enhanced shareholder returns.

Our investment philosophy and processes are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can create value and drive positive change.

Job Description

We’re currently looking to hire a Market Data Optimisation – Pricing and Reference Data Lead to join L&G Asset Management Data Operations Team on a 12 month Fixed Term Contract.

You’ll be responsible for managing all aspects of licensing and commercial relationships with vendors of security pricing data across the firm in a BAU capacity.

This role ensures that the organisation’s use of security pricing data is compliant, cost-effective, and aligned with business strategy. You’ll partner with Investments, Product, Legal, and Procurement teams to negotiate contracts, rationalise vendor spend, and support new product launches, business initiatives and regulatory obligations (e.g., EU & UK BMR).

What you’ll be doing:

• Leading end-to-end negotiation and renewal of vendor licenses relating to all the firm’s security pricing data.
• Assessing commercial models, usage rights, and redistribution implications for internal and external use cases.
• Ensuring that the business align to the LGIM Pricing & Reference Data strategy and ensure existing contracts are fully leveraged.
• Supporting new product development and new business initiatives by gathering all Pricing data requirements and leading vendor analysis and selection
• Ensure compliance with appropriate regulations and internal data governance frameworks.
• Partner with Legal, Compliance, and Procurement to align contractual terms with organisational policies and regulatory expectations and maintain centralised records of all Security Pricing data licenses, usage rights, and renewal schedules
• Act as primary liaison between the firm and major vendors of Pricing data (e.g. Bloomberg, ICE)
• Analyse vendor spend for security pricing, identify duplication, and propose rationalisation or enterprise models to optimise total cost of ownership and Support budgeting and forecasting for security pricing data, integrating financial tracking into enterprise cost-management frameworks

Qualifications

Who we’re looking for:

• Proven experience in market data or vendor management within asset management or investment banking
• Proven ability to negotiate complex data contracts and manage high-value vendor relationships.
• Familiarity with EU/UK market data regulations and data-usage compliance frameworks
• Excellent stakeholder-management and communication skills with the ability to influence at senior levels.
• Strong analytical and financial-modelling capability (Excel, Power BI, or equivalent)
• Experience with market-data inventory and rights-management tools (e.g., FITS, MDM, TRG, or EDM Council models)
• Degree in Finance, Economics, or a related discipline; professional qualifications (FIA, CFA, or CMI) advantageous

Benefits

• The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare Plan (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
• There are the many discounts we offer – both for our own products and at a range of high street stores and online
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart

Additional Information

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all.

If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.