Market Data Financial Analyst

ICAP; Manila; On-site; PHP 500,000 - 700,000; Full time

Job summary

TP ICAP Manila is seeking a Market Data Administration Analyst to manage financial governance of market data vendor spend. You will review invoices, support budgeting and forecasting, and ensure cost control across Finance, Procurement, Accounts Payable, and Technology.

With 3–5+ years of experience, you will verify charges, maintain records, and produce management reports detailing spend by vendor, cost centre, and region.

Qualifications

• 3-5+ years of experience in Financial Analysis, Accounts Payable, Procurement Finance, Market Data Administration, or Vendor Management.
• Experience managing high-volume vendor invoices and financial reconciliations.
• Experience supporting budgeting, forecasting, and financial reporting activities.
• Understanding of market data vendors such as Bloomberg, LSEG, ICE, FactSet, S&P Global, CME, or exchange data providers is advantageous.
• Strong financial analysis and reconciliation capabilities.

Responsibilities

• Review, validate, and process market data vendor invoices for accuracy, completeness, and contractual compliance.
• Investigate invoice discrepancies, pricing variances, and billing exceptions with vendors and internal stakeholders.
• Ensure timely invoice approvals and payment processing in accordance with company policies and payment terms.
• Maintain accurate records of all invoices, credits, and supporting documentation.
• Reconcile vendor invoices against contracts, entitlements, user inventories, and consumption reports.
• Monitor invoice accruals and lead month-end and year-end financial close activities.
• Support annual budgeting and periodic forecasting activities for market data expenditure.
• Track actual spend against budgets and forecasts, highlighting variances and financial risks.
• Develop and maintain financial models to support cost planning and decision-making.
• Produce regular management reports and dashboards detailing spend by: Vendor / Business Unit / Cost Centre / Product / Exchange / Asset Class / Region
• Identify spending trends and opportunities for financial optimization.
• Monitor market data allocations and chargeback models where applicable.
• Support internal cost transparency initiatives and financial governance programs.
• Verify vendor pricing against agreed contractual terms and negotiated rates.
• Support contract negotiations by providing financial analysis and spend insights.
• Ensure adherence to internal financial controls, procurement policies, and market data governance standard.
• Maintain robust controls over financial records and expenditure reporting.
• Partner with Finance, Procurement, Accounts Payable, Compliance, Technology, and Business stakeholder

Skills

Vendor management

Financial analysis

Budgeting

Forecasting

Accounts payable

Market data

Data governance

Stakeholder management

Attention to detail

Tools

Oracle

Job description

Group Overview

The TP ICAP Group is a world leading provider of market infrastructure.

Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions. Through our people and technology, we connect clients to superior liquidity and data solutions.

The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform.

The Group operates from more than 60 offices in 27 countries. We are 5,300 people strong. We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.

Role Overview

We are seeking a bright and capable individual to join the Manila-based Market Data Administration team to support the financial management, analysis, and control of market data vendor expenditure across the organization. This role is critical in ensuring accurate invoice processing, cost allocation, budgeting, forecasting, financial reporting, and vendor charge verification while supporting cost optimization initiatives across the organization. Acting as a key link between Market Data Services, Finance, Procurement, Accounts Payable, Technology, and Business stakeholders, the analyst will provide transparency into market data spend, identify cost-saving opportunities, and ensure financial governance over market data contracts and vendor relationships

Role Responsibilities

• Review, validate, and process market data vendor invoices for accuracy, completeness, and contractual compliance




• Investigate invoice discrepancies, pricing variances, and billing exceptions with vendors and internal stakeholders




• Ensure timely invoice approvals and payment processing in accordance with company policies and payment terms




• Maintain accurate records of all invoices, credits, and supporting documentation




• Reconcile vendor invoices against contracts, entitlements, user inventories, and consumption reports




• Monitor invoice accruals and lead month-end and year-end financial close activities




• Support annual budgeting and periodic forecasting activities for market data expenditure.




• Track actual spend against budgets and forecasts, highlighting variances and financial risks.




• Develop and maintain financial models to support cost planning and decision-making.




• Produce regular management reports and dashboards detailing spend by:

Vendor / Business Unit / Cost Centre / Product / Exchange / Asset Class / Region

• Identify spending trends and opportunities for financial optimization




• Monitor market data allocations and chargeback models where applicable




• Support internal cost transparency initiatives and financial governance programs




• Verify vendor pricing against agreed contractual terms and negotiated rates




• Support contract negotiations by providing financial analysis and spend insights




• Ensure adherence to internal financial controls, procurement policies, and market data governance standard




• Maintain robust controls over financial records and expenditure reporting




• Partner with Finance, Procurement, Accounts Payable, Compliance, Technology, and Business stakeholder

Experience/Competences

Essential

• 3-5+ years of experience in Financial Analysis, Accounts Payable, Procurement Finance, Market Data Administration, or Vendor Management




• Experience managing high-volume vendor invoices and financial reconciliations




• Experience supporting budgeting, forecasting, and financial reporting activities




• Understanding of market data vendors such as Bloomberg, LSEG, ICE, FactSet, S&P Global, CME, or exchange data providers is advantageous




• Strong financial analysis and reconciliation capabilities




• Strong budgeting and forecasting skills




• Experience with financial systems such as Oracle




• Familiarity with market data inventory (TRG Optimize Spend and Calero's MDM) and entitlement systems desirable




• Strong written and verbal communication skills




• Ability to build relationships across multiple stakeholder groups




• Capable of challenging invoice discrepancies and vendor charges constructively and professionally




• Strong attention to detail and financial accuracy.




• Commercially aware with a cost-conscious mindset




• Ability to work independently and prioritize competing deadlines




• Investigative and problem-solving orientation




• Strong governance and risk mindset




• Proactive and highly organized




• Collaborative approach with strong stakeholder management skills

Desirable

• Knowledge of market data tools e.g. TRG's ACT & PEAR

Band & Level – Professional, 4

Company Statement

We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That’s why we’re building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.

Location

Philippines - Ecoprime Building - Taguig City