Manager - Market Data Compliance & Assurance

CME Group; Chicago (IL); On-site; USD 125,800 - 209,600; Full time

Benefits offered by this job

Competitive salary

Comprehensive benefits package

401(k) and pension plan

Education reimbursement

Job summary

CME Group is looking for an Audit Manager for Market Data Compliance and Assurance. This role focuses on ensuring market data policies are adhered to by conducting audits across different clients globally.

The ideal candidate should have 6-10 years of experience in market data management and possess strong knowledge of financial data policies. Competitive benefits and a salary range of $125,800-$209,600 are offered.

Qualifications

• 6-10 years of experience in market data audit or market data management.
• Strong knowledge of financial exchanges’ data policies.
• Ability to negotiate and settle audit claims for non-compliance.

Responsibilities

• Execute customer compliance and auditing for CME Group.
• Research and prepare for customer audits effectively.
• Perform on-site market data audits with clear communication to clients.

Skills

Market data audit

Data management

Financial data policies

Negotiating audit claims

Customer relationship management

Process improvement

Education

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

Master’s degree (MBA or MS)

Tools

Microsoft Excel

Salesforce

Market data systems management

Job description

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 ensure that CME Group market data is used in accordance with existing vendor and customer agreements, and will 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.

What You’ll Get

• A supportive environment fostering career progression, continuous learning, and an inclusive culture.
• Broad exposure to CME's diverse products, asset classes, and cross-functional teams.
• A competitive salary and comprehensive benefits package.

What You’ll Do

• 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, and commercial policy/licensing opportunities.
• 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.

What You’ll Bring

• 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 (but not limited to) 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.

We offer a competitive total rewards package for our employees that recognizes their contributions to the business and reflects our long-term investment in their future. The pay range for this role is $125,800-$209,600. Actual salary offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education and comparison to internal employees.

Our compensation program also includes an annual target bonus opportunity for all employees, as well as the opportunity to become an owner in the company through our broad-based equity program. Through our benefits program, we strive to offer flexibility, value and choice. From comprehensive health coverage, to a retirement package that includes both a 401(k) and an active pension plan, to highly competitive education reimbursement provisions, paid time off and a mental health benefit, CME Group offers a holistic benefits package for our team and their dependents.

We embrace our employees' unique experiences and skills to ensure that everyone’s perspectives are acknowledged and valued. As an equal‑opportunity employer, we consider all potential employees without regard to any protected characteristic.