Sourcing Market Data Services

Chain IQ Group AG; Pune District; On-site; INR 1,200,000 - 2,500,000; Full time

Job summary

Chain IQ Group AG in Pune, India, seeks a detail‑oriented Sourcing Market Data Services Consultant to support Market Data Operations and Operational Sourcing. You will manage demand requests, vendor setups, and license compliance while delivering commercial insights and supplier performance reporting.

The role requires 4+ years in Market Data Services, understanding of licensing terms and vendor systems, and strong stakeholder management.

Qualifications

• Bachelor’s or Master’s degree in a relevant discipline.
• Minimum of 4 years’ experience in the Market Data Services function.
• Strong understanding of Market Data Services, vendor systems, user entitlement workflows and licensing structures.
• Exposure to market data vendors and tools preferred.
• Experience with procurement processes, vendor management or commercial negotiations an advantage.
• Excellent organisational skills with high attention to detail and comfort working across multiple tasks and deadlines.
• Strong communication and stakeholder-management skills.
• Analytical mindset with the ability to interpret data, reconcile inconsistencies and produce clear reporting.
• Team-oriented, proactive, adaptable and committed to continuous learning.
• Interest in deepening expertise in market data sourcing, vendor management and commercial negotiations.

Responsibilities

• Monitor and process all demand requests ensuring timely and accurate service delivery.
• Manage the full Joiners/Movers/Leavers lifecycle, including user setup, entitlement changes and vendor platform updates (e.g., Bloomberg, LSEG/DACS).
• Maintain accurate MDS inventory by updating all user, product and entitlement changes; conduct regular data validation with stakeholders.
• Collaborate with vendor account managers to maintain up‑to‑date user lists and support renewals.
• Perform monthly invoice reconciliation against inventory, troubleshoot discrepancies and support Accounts Payable with allocation outputs.
• Perform monthly vendor declarations and handle ad‑hoc exchange reporting requirements.
• Respond to stakeholder queries regarding licence usage, contract inclusions/exclusions, entity coverage and compliance with usage rights.
• Build and maintain strong working relationships with internal clients, acting as a reliable point of contact for MDS operational matters.
• Support assigned MDS initiatives such as demand management, savings challenges, optimization exercises and usage reviews.
• Support sourcing activities such as renewals, benchmarking, negotiations, vendor clarifications and displacement opportunities.

Skills

Market Data Services

Vendor Management

Procurement

Stakeholder Management

Data Analysis

Commercial Negotiations

Education

Bachelor’s or Master’s degree

Job description

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.

Role Overview

We are looking for a highly motivated professional (Sourcing Market Data Services - Consultant) to support both Market Data Operations and Operational/Tactical Sourcing activities within the Market Data Services (MDS) function. The role combines day‑to‑day administration of market data services with the delivery of commercial insights, sourcing support and vendor management activities. The ideal candidate is detail‑oriented, client‑focused and comfortable working in a dynamic environment with multiple stakeholders and priorities.

Roles And Responsibilities

• Monitor and process all demand requests ensuring timely and accurate service delivery.
• Manage the full Joiners/Movers/Leavers lifecycle, including user setup, entitlement changes and vendor platform updates (e.g., Bloomberg, LSEG/DACS).
• Maintain accurate MDS inventory by updating all user, product and entitlement changes; conduct regular data validation with stakeholders.
• Collaborate with vendor account managers to maintain up‑to‑date user lists and support renewals.
• Perform monthly invoice reconciliation against inventory, troubleshoot discrepancies and support Accounts Payable with allocation outputs.
• Perform monthly vendor declarations and handle ad‑hoc exchange reporting requirements.
• Respond to stakeholder queries regarding licence usage, contract inclusions/exclusions, entity coverage and compliance with usage rights.
• Build and maintain strong working relationships with internal clients, acting as a reliable point of contact for MDS operational matters.
• Support assigned MDS initiatives such as demand management, savings challenges, optimization exercises and usage reviews.
• Support sourcing activities such as renewals, benchmarking, negotiations, vendor clarifications and displacement opportunities.
• Assist with RFx, commercial analysis, pricing comparisons, spend reviews and supplier evaluation activities.
• Contribute to cost‑saving and optimization initiatives by providing data insights, consumption analysis and usage rationalization recommendations.
• Review vendor contracts from an operational perspective, ensuring compliance with licensing terms, rights management rules and governance frameworks.
• Deliver accurate operational and sourcing‑related reporting to support financial planning, stakeholder decision‑making and performance tracking.
• Maintain awareness of market data vendor landscape, product developments, pricing changes and industry trends to support sourcing strategy.

Your Profile

• Bachelor’s or Master’s degree in a relevant discipline.
• Minimum of 4 years’ experience in the Market Data Services function.
• Strong understanding of Market Data Services, vendor systems, user entitlement workflows and licensing structures.
• Exposure to market data vendors and tools preferred.
• Experience with procurement processes, vendor management or commercial negotiations an advantage.
• Excellent organisational skills with high attention to detail and comfort working across multiple tasks and deadlines.
• Strong communication and stakeholder‑management skills.
• Analytical mindset with the ability to interpret data, reconcile inconsistencies and produce clear reporting.
• Team‑oriented, proactive, adaptable and committed to continuous learning.
• Interest in deepening expertise in market data sourcing, vendor management and commercial negotiations.

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.