Market Data Services Sourcing Manager

Deutsche Bank AG; Greater London; Hybrid; GBP 90,000 - 120,000; Full time

Benefits offered by this job

Hybrid working

Pension (non-contributory)

30 days holiday + bank holidays

Life assurance

Private healthcare

Flexible benefits

CSR volunteering leave

Job summary

Deutsche Bank AG in London seeks a Senior Market Data Sourcing Manager to partner with stakeholders across Market Data, Legal, Risk and Technology to manage licensing of market data from providers such as Bloomberg, LSEG, Moody’s, S&P and FactSet.

This role focuses on negotiating terms, driving cost discipline, and ensuring regulatory obligations across contracts, with a hybrid work model and comprehensive benefits.

Qualifications

• Extensive market data licensing experience in banking/financial services.
• Strong contract negotiation with market data suppliers to achieve favorable terms.
• Experience building relationships with business stakeholders, procurement and Legal teams.

Responsibilities

• Support commercial and contractual aspects of market data sourcing, including new deals and renewals.
• Build strong relationships with business stakeholders, Market Data teams and Procurement.
• Apply regulatory guidance and risk controls to contracts.
• Deliver cost reductions and identify cancellation or displacement opportunities.
• Develop market data product expertise to support sourcing outcomes and post-deal updates.
• Uplift contracts to address regulatory terms (DORA/ESG) where required.

Skills

Market Data licensing

Vendor management

Contract negotiation

Stakeholder relationships

Cost optimisation

Regulatory compliance (DORA/ESG)

Pricing & licensing models

Knowledge of market data suppliers

Tools

Calero MDSL

Job description

Job Description:Job Title: Market Data Services Sourcing ManagerLocation: LondonCorporate Title: Vice PresidentAs a Senior Market Data Sourcing Manager within the COO Global Procurement team, you will partner with business stakeholders across Deutsche Bank to support critical market data licensing requirements, including indices, financial data, ratings research and regulatory services from suppliers such as LSEG, Bloomberg, Moody’s, S&P and FactSet.You will help deliver strong vendor management outcomes through skilled negotiation, cost discipline and market data product expertise, working closely with colleagues across Market Data, Legal, Risk and Technology.What we’ll offer youA healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.You can expect:Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for themCompetitive salary and non-contributory pension30 days’ holiday plus bank holidays, with the option to purchase additional daysLife Assurance and Private Healthcare for you and your familyA range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefitsThe opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per yearYour key responsibilitiesSupport the commercial and contractual aspects of Market Data sourcing, including new deals and renewals, for assigned suppliers and services.Build strong relationships with Deutsche Bank business stakeholders, Market Data teams and Procurement colleagues to support category objectives and deliver cost optimisation.Apply business usage requirements, regulatory obligations, Legal guidance and Risk controls to assigned contracts.Deliver negotiated cost reductions and cost avoidances, while identifying cancellation, rationalisation or displacement opportunities with business stakeholders.Develop market data product expertise to support quality sourcing outcomes, post-deal system updates and stakeholder communications.Uplift existing vendor contracts where additional regulatory terms are required, including DORA, ESG and related obligations.Your skills and experienceExtensive Market Data experience, within a banking or financial services environment.In-depth knowledge of the financial sector, key market data suppliers, and the services they provide across multi-asset markets, including Bloomberg, LSEG, S&P, Factset, Moodys and MSCI.Strong understanding of market data commercial and licensing models, including usage-based licensing, intellectual property licensing, enterprise agreements and application-based use.Working knowledge of Calero MDSL or an equivalent Market Data inventory platform, including reporting, contract updates, service and user structures, and renewal due diligence.Understanding of key service areas within MDS such as KYC/AFC business products and use cases, with the ability to challenge requests and assess budget and index licensing and how data and index intellectual property support business strategies.Experience negotiating contracts that deliver favourable commercial terms, supporting budgets, cost-saving proposals and senior management presentations that articulate Market Data opportunities and product strategies.How we’ll support youTraining and development to help you excel in your careerCoaching and support from experts in your teamWe value diversity and as an equal opportunities’ employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards)About usDeutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.Deutsche Bank in the UK is proud to be named in The Times Top 50 Employers for Gender Equality and has been awarded a Gold Award from Stonewall and named in their Top 100 Employers .If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge on [e-mail] to discuss.We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.We welcome applications from all people and promote a positive, fair and inclusive work environment.