Market Data Vendor Manager

TN United Kingdom; City of Edinburgh; Hybrid; GBP 45,000 - 70,000; Full time

Job summary

An established industry player is seeking a Market Data Vendor Manager to oversee procurement and management of market data services. This pivotal role involves negotiating with vendors, ensuring compliance with regulations, and collaborating with internal teams to meet data needs. With a focus on cost-effectiveness and service quality, the successful candidate will play a key role in enhancing the investment toolkit. The company offers a competitive salary, a non-contributory pension scheme, and a range of additional benefits, making it an attractive opportunity for professionals looking to make a significant impact in the asset management sector.

Benefits

Private medical cover

Life assurance

Critical illness cover

Enhanced parental leave

Retail discounts

Cycle-to-work scheme

Subsidized meals

Online GP services

Qualifications

• Experience in market data vendor management or similar roles.
• Strong negotiation and procurement skills.

Responsibilities

• Manage procurement and renewal of market data services.
• Negotiate with vendors for favorable terms and pricing.
• Ensure compliance with regulatory requirements in data usage.

Skills

Procurement skills

Negotiation skills

Vendor management

Analytical skills

Problem-solving skills

Education

Experience as a Market Data Vendor Manager

Understanding of financial instruments

Job description

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Location: Edinburgh (typically 3 days in the office per week, 2 from home)

Closing date: 23rd August 2024

Aegon Asset Management is a leading global investor, with employees across 13 locations in Europe, the Americas, and Asia. We advise on assets for a diverse client base including pension plans, public funds, insurance companies, banks, wealth managers, family offices, and foundations. Our core belief is in fundamental, research-driven active management, supported by effective risk management and responsible investment.

Our people are our greatest asset. We aim to create a workplace where everyone can bring their authentic self and contribute to delivering value to our customers.

We help people live their best lives. We support them in the important moments.

We are seeking a Market Data Vendor Manager to join us in Edinburgh, reporting to the Head of Market Data Management. This role requires a solid understanding of the market data and information services industry and their application in asset management. It is central to our team’s operations, overseeing the workflow pipeline and serving as the main contact for users across our global offices.

Key responsibilities include:

• Procurement and renewal of market data services in a cost-effective manner, developing sourcing strategies and category plans.
• Identifying cost-saving opportunities, negotiating with data vendors for favorable terms, and ensuring accurate recording of data usage and pricing.
• Maintaining an audit trail for all contracts and agreements, ensuring all terms are accurately documented in the Contract Management System.
• Assisting the Finance Team with invoicing issues as needed.
• Managing relationships with data providers, ensuring service quality and contractual compliance.
• Conducting vendor service reviews using a clear scorecard methodology.
• Monitoring system usage to maximize value and inform renewal discussions and service reviews.
• Acting as the primary contact for services provided by vendors within their scope.
• Collaborating with internal stakeholders to understand and meet market data needs.
• Managing demand and fulfilling data requests.
• Proposing initiatives to enhance AAM's Investment Toolkit.
• Ensuring compliance with relevant regulatory requirements in data acquisition and usage.
• Staying updated on regulatory changes and implementing necessary adjustments.
• Working with Compliance and Legal teams to address regulatory concerns and support audits.

Ideal candidates will have:

• Experience as a Market Data Vendor Manager or similar role.
• Strong procurement, negotiation, and vendor management skills.
• Experience with market data related to investments and index data.
• Budget management experience.
• Knowledge of legal and commercial aspects of vendor licenses.
• Understanding of financial instruments and international exchanges.
• Analytical and creative problem-solving skills.

What we offer:

• A competitive salary based on experience.
• A non-contributory pension scheme (9%-13%).
• A discretionary bonus based on performance.
• 27 days of annual leave plus bank holidays (pro-rated for part-time).

Additional benefits include private medical cover, life assurance, critical illness cover, enhanced parental leave, retail discounts, cycle-to-work scheme, subsidized meals, and online GP services.

We serve a diverse and evolving world. If you're interested in joining us, click the "Apply" button.

The legal bits

Applicants must have the right to work in the UK. Offers are contingent upon completing necessary checks, including credit, criminal record, and references.

Equal Opportunity Employer:

We welcome applications from all qualified individuals regardless of age, disability, race, religion, gender, sexual orientation, or gender identity.