Manager - Market Data Compliance & Assurance

CME Chicago Mercantile Exchange Inc.; Chicago (IL); On-site; USD 125,800 - 209,600; Full time

Benefits offered by this job

Comprehensive health coverage

401(k) retirement package

Education reimbursement

Paid time off

Mental health benefit

Job summary

CME Chicago Mercantile Exchange Inc. is looking for an Audit Manager of Market Data Compliance and Assurance, responsible for executing market data audits and ensuring compliance with policies.

The successful candidate will work with teams globally to safeguard intellectual property and optimize revenue recovery. Key qualifications include 6–10 years of experience in market data audit or management, strong Excel skills, and a relevant degree.

Compensation ranges from $125,800 to $209,600 plus benefits.

Qualifications

• 6–10 years of experience in market data audit or management.
• Proven background in analyzing and implementing processes.
• Experience in negotiating audit claims and dealing with data policies.

Responsibilities

• Execute a program of customer compliance and auditing.
• Research and prepare for customer audits efficiently.
• Communicate clearly with audited firms during audits.

Skills

Market data audit experience

Data management

Strong Excel skills

Customer relationship management

Financial data knowledge

Education

Bachelor's degree in Finance, Accounting, Economics, or Information Systems

Master’s degree (MBA or MS)

Tools

Salesforce

Microsoft Excel

Job description

Role Overview

The Audit Manager of Market Data Compliance and Assurance is essential to the global governance of CME Group’s commercial Data Services business. The role will be responsible for the execution of market data audits spanning CME Group’s diverse customer base to ensure market data and derived data policies are being adhered to and that use of intellectual property is correctly licensed to and reported by customers globally. The successful candidate will warrant CME Group market data is used in accordance with existing vendor and customer agreements, and grow customer understanding of managing CME Group market data effectively. The role will deploy and develop best practice guidelines in the conduct of customer audits.

Responsibilities

• Execute a program of customer compliance and auditing to protect CME Group’s intellectual property, minimize revenue leakage and optimize revenue recovery.
• Effectively research and prepare for customer audits, collating all of the appropriate materials to inform the audit visit.
• Communicate with audited firms to clearly articulate expected collaboration, materials required and to manage both expectations and timeframes efficiently.
• Perform on-site market data audits, analyzing all applications and systems related to market data consumption, investigating and analyzing inventory management and permissioning systems to ensure CME has a comprehensive and complete overview of a firm’s market data consumption.
• Provide clear written and verbal insight and analysis of findings to auditee and Data Services' leadership, with analysis of findings and recommendations on future customer compliance focus and any financial liability found.
• Work with and develop relationships with team members, internal CME Group stakeholders, and external customers on a global basis to promote and support compliance with policies and ensure effective audit processes with minimum disruption to customers.

Qualifications

• 6–10 years demonstrable experience in market data audit or market data management, with experience of conducting on-site and remote market data audits.
• Strong knowledge of financial exchanges’ (equities or F&O), index providers’ or information vendors’ real time, end of day and derived data policies.
• Substantial experience in negotiating and settling audit claims resulting from identification of non‑compliance with data usage policies.
• Knowledge of data consumer and data vendor firms globally, including major and niche information vendors, investment banks, online trading platforms, high‑frequency and proprietary trading firms.
• Development and maintenance of good customer relationships.
• Proven background in analyzing, designing and implementing processes and policies to improve efficiencies and achieve desired objectives with a strong bias towards continuous improvement.
• Financial Information Associate (FIA) certification or CPA welcomed.
• Knowledge of vendor and third party application providers’ products and market data systems management/permissioning systems (LSEG DACS, Wombat, Bloomberg B‑Pipe, etc.).
• Knowledge of third party market data inventory management systems (MDM, InfoMatch, etc.).
• Advanced Knowledge of Microsoft Office with emphasis on high degree of proficiency in Excel including the use of financial formulas, data analysis and pivot table features is a must.
• Proficiency in Salesforce helpful.
• Education: Bachelor’s degree in Finance, Accounting, Economics, or Information Systems; a Master’s degree (MBA or MS) is preferred.

Benefits & Compensation

The pay range for this role is $125,800–$209,600. Actual salary offered will be dependent on a wide array of factors including experience, skills, education and comparison to internal employees. The compensation program also includes an annual target bonus opportunity and the opportunity to become an owner in the company through a broad-based equity program. Benefits include comprehensive health coverage, a retirement package with a 401(k) and an active pension plan, education reimbursement provisions, paid time off and a mental health benefit.

EEO Statement

As an equal‑opportunity employer, we consider all potential employees without regard to any protected characteristic.