Market Data Vendor Manager

Harvey Nash Group; City Of London; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading financial services business is looking for a Market Data Vendor Relationship Manager to supervise vendor relationships and ensure optimal service delivery. This contract role includes negotiation, compliance oversight, and collaboration with internal teams to align vendor solutions with business needs. Applicants should possess strong analytical and negotiation skills, along with a comprehensive understanding of market data procurement.

Qualifications

• Deep understanding of market data commercial terms and governance.
• Experience in market data supplier relationship management within the commodities sector.
• Strong communication skills to liaise effectively with stakeholders.

Responsibilities

• Oversee relationships with third-party market data vendors.
• Negotiate contracts and manage renewals to secure favorable terms.
• Monitor quality and accuracy of vendor data, ensuring compliance.

Skills

Negotiation

Analytical Skills

Stakeholder Management

Interpersonal Skills

Organizational Skills

Tools

TRG Optimize

Calero MDM

Job description

Market Data Vendor Manager

A Leading Financial Services Business are looking to hire a Market Data Vendor Relationship Manager

• 6 month initial contract (scope to roll)
• £500pd - £575 a day via Umbrella company (Inside IR35)
• Based in London, City.
• Hybrid Working - 2 days in the office- but flexible

THE ROLE

We are seeking a highly experienced and proactive senior Market Data Vendor Manager to join our global Market Data Procurement team on a contract basis.

The role will be responsible for overseeing the relationship with third-party market data vendors. Managing contracts, negotiating terms, ensuring compliance. This role involves both strategic planning and day-to-day operations related to market data procurement and vendor management.

KEY RESPONSIBILITIES

• Establish and maintain strong relationships with market data vendors to ensure optimal service delivery and support.
• Managing market data renewals, negotiate contracts and agreements with vendors to secure favourable terms, pricing, and service levels.
• Monitor and evaluate the quality and accuracy of data provided by vendors, ensuring it meets the organization's standards and requirements.
• Working closing with the inventory management team oversee the budget for market data services, including forecasting and tracking expenses related to vendor contracts.
• Stay informed about industry trends and emerging vendors, assessing potential opportunities for new data sources or technologies.
• Work closely with internal stakeholders (e.g., IT, finance, trading teams) to understand their market data needs and ensure that vendor solutions align with business objectives.
• Issue Resolution: Act as part of the team for resolving any issues or disputes with vendors, ensuring timely and effective solutions.
• Maintain accurate records of vendor agreements, performance metrics, and any correspondence, and provide regular reports to management on vendor-related activities.

QUALIFICATIONS AND REQUIREMENTS

• Deep understanding of market data commercial terms, data licensing and governance
• Strong negotiation and analysis skills to deliver the best outcomes on complex enterprise agreements.
• Experienced market data supplier relationship management, governance, compliance, and oversight ideally within commodities sector.
• Experience in using TRG Optimize or Calero MDM
• Excellent analytical skills with a keen attention to detail.
• Strong communication and interpersonal skills, with the ability to liaise effectively with stakeholders and suppliers.
• Ability to work collaboratively within cross-functional teams, including technology and procurement teams.
• Strong organisational skills with the ability to manage multiple tasks and meet deadlines.
• Knowledge of market data trends and industry best practices is advantageous.