Sourcing Market Data Services

Chain IQ; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A global procurement service provider is seeking an experienced professional to lead sourcing initiatives for Market Data Services in a major client organization. The role requires a strategic individual with strong negotiation skills and the ability to manage relationships with senior stakeholders. Candidates should possess a bachelor’s degree and at least 8 years of relevant sourcing experience. A competitive remuneration package is provided.

Benefits

Competitive remuneration

Professional development opportunities

Supportive, collaborative environment

Qualifications

• Minimum of 8 years’ end-to-end experience in Market Data Services sourcing.
• Extensive experience managing complex vendor relationships and agreements.
• Proven success in developing and executing category strategies.

Responsibilities

• Work on client site, ensuring high-quality delivery against targets.
• Establish and maintain strong relationships with senior client stakeholders.
• Shape and execute complex sourcing strategies, negotiating optimal terms.

Skills

Exceptional communication and interpersonal skills

Strong negotiation and stakeholder management capabilities

Positive, accountable, and proactive

Familiar with MDS sourcing tools

Highly organized

Education

Bachelor’s or master’s degree in a relevant discipline

Job description

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Title: Sourcing Market Data Services

Location: London, GB

At Chain IQ, your ideas move fast.

Chain IQ is a global AI-driven Procurement Service Partner, headquartered in Baar, Switzerland, with operations across main centers and 16 offices worldwide. We provide tailored, end-to-end procurement solutions that enable transformation, drive scalability, and deliver substantial reductions in our clients' indirect spend. Our culture is built on innovation, entrepreneurship, ownership, and impact. Here, your voice matters - bold thinking is encouraged, and action follows ambition.

Chain IQ is looking for an experienced MDS professional with an understanding of the end-to-end MDS operational process.

Role Overview

We are seeking a dynamic and accomplished Expert to drive sourcing initiatives for Market Data Services (MDS) within a major client organization. This is a senior, visible role requiring a strategic, proactive, and credible professional with relationship and communication skills.

The ideal candidate is a self-starter with deep sourcing experience, strong commercial acumen, and the ability to build and manage trusted relationships with senior stakeholders. They will deliver on critical sourcing objectives across a wide range of MDS categories including terminals, data, ratings, indices, and exchanges.

Roles and Responsibilities

• Work on client site, ensuring high-quality delivery against agreed targets while fostering a culture of accountability, performance, and positivity.
• Establish and maintain strong relationships with senior client stakeholders, acting as a trusted advisor and understanding their business drivers and sourcing requirements.
• Shape and execute complex sourcing strategies, negotiating optimal commercial terms tailored to the client's evolving needs.
• Own and drive MDS initiatives across diverse scopes, ensuring alignment with client objectives and delivering tangible business value.
• Build and present tailored sourcing solutions that demonstrate commercial insight and strategic alignment.
• Review, negotiate, and manage contracts with vendors, ensuring beneficial terms and ongoing compliance with licensing and usage rights.
• Provide expert guidance on best practices in contract management, vendor engagement, and regulatory considerations.
• Monitor market developments and vendor capabilities to identify innovation opportunities and potential displacements.
• Implement demand management strategies to optimize spend, improve operational efficiency, and reduce cost.
• Deliver accurate reporting and analysis to support financial planning, decision-making, and performance tracking.
• Ensure consistent use of corporate standards, sourcing tools, and governance frameworks in all sourcing initiatives.

Your Profile

• Education & Experience:
• Bachelor’s or master’s degree in a relevant discipline
• Minimum of 8 years’ end-to-end experience in Market Data Services sourcing
• Extensive experience working with MDS vendors and managing complex vendor relationships and agreements
• Proven success in developing and executing category strategies
• Skills & Attributes:
• Positive, accountable, and proactive with the ability to inspire and influence teams and stakeholders
• Exceptional communication and interpersonal skills with the ability to clearly articulate complex sourcing concepts
• Strong negotiation and stakeholder management capabilities at senior levels
• Highly organized, capable of managing multiple priorities and meeting tight deadlines
• Comfortable operating in a matrixed, client-facing environment
• Familiar with MDS sourcing tools, procurement systems, and reporting platforms
• Professional, collaborative, and adaptable with a solution-oriented mindset

What We Offer

• The opportunity to shape sourcing strategy and deliver measurable commercial value
• A supportive, collaborative environment committed to continuous improvement and excellence
• Competitive remuneration and professional development opportunities

Join a truly global team

We offer a dynamic and international environment where high performance meets real purpose. We're proud to be Great Place to Work-certified and even prouder of the people who make that possible. Let’s shape the future of procurement - together.

Chain IQ – Create. Lead. Make an impact.

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