Market Data Financial Analyst

TP ICAP Group; Philippines; On-site; PHP 600,000 - 1,000,000; Full time

Job summary

TP ICAP Group in Manila/Philippines is seeking a Market Data Administration Analyst to support financial management, analysis and control of market data vendor expenditure. The role ensures accurate invoice processing, cost allocation, budgeting, forecasting, financial reporting and governance over vendor relationships.

The successful candidate will liaise with Market Data Services, Finance, Procurement, Accounts Payable, Technology and business stakeholders to provide spend visibility, identify

Qualifications

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

Responsibilities

• Review, validate, and process market data vendor invoices for accuracy and contractual compliance
• Investigate invoice discrepancies with vendors and internal stakeholders
• Ensure timely invoice approvals and payment processing per policies
• Maintain records of invoices, credits, and documentation
• Reconcile vendor invoices against contracts, entitlements, usage reports
• Support budgeting and forecasting activities for market data expenditure
• Produce management reports detailing spend by Vendor, BU, Cost Centre, Product, Exchange, Asset Class and Region
• Identify spending trends and opportunities for cost optimization
• Verify pricing against negotiated terms and contracts
• Support contract negotiations with financial analysis and spend insights
• Maintain internal controls over financial records and expenditure reporting
• Collaborate with Finance, Procurement, Accounts Payable, Compliance, Technology and Business stakeholders

Skills

Financial analysis

Vendor management

Stakeholder management

Attention to detail

Cost governance

Tools

Oracle

TRG Optimize Spend

Calero MDM

Job description

Group Overview

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

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

• 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

Location Philippines - Ecoprime Building - Taguig City

Connecting clients, communities and colleagues for sustainable growthTP ICAP connects people, platforms, ideas, and insight across the world’s financial, energy and commodities markets. As a global leader in market infrastructure and data-led solutions, we enhance market access, increase efficiencies, and unlock possibilities.

Work with us

Joining TP ICAP puts you at the heart of markets that matter. You’ll have the freedom to innovate and act on your initiative. We’ll train you and build your abilities in your specialist area, so that you can become an expert in your field. And all within a connected network that’s there to set you up for success.

More about us

TP ICAP Group is a collection of premium brands each with a distinct, client-focused offering. Underpinning and connecting these client-facing brands is the financial security, operational strength and know-how we have as a Group. Connections are at the heart of what we do. We combine our people’s know-how with the latest technology to improve price discovery, trade execution and liquidity flow. Connections create strength. Through them, we help our clients to manage risk, realise investment strategies and expand the scope for growth. And connections act as a catalyst. Sparking richer solutions for our clients to break new ground, modernising markets for future performance, and creating dynamic careers for our people. Our capacity to connect builds trust, supports communities and gives us the power to anticipate and respond to change, whatever direction the world takes. It’s what makes TP ICAP a mainstay in the global markets, now and in the future. TP ICAP. We connect.