VP, Product Manager - Market Data

LPL Financial; New York (NY); On-site; USD 150,000 - 249,000; Full time

Benefits offered by this job

401K matching

health benefits

employee stock options

paid time off

volunteer time off

Job summary

LPL Financial is seeking a VP, Enterprise Market Data Management to lead the firm’s market data function and serve as the senior strategic advisor for third-party market data. You will partner across Product, Technology, Data, Finance, Legal, Risk, and Operations to ensure data supports business objectives and complies with contractual obligations.

This role requires 10+ years in market data or related leadership roles, strong governance and vendor management capabilities, and experience driving

Qualifications

• 10+ years of experience in market data, financial information services, data products, product management, vendor management, commercial management, data governance, sourcing, financial services technology, or related leadership roles.
• Experience leading an enterprise function, operating model, product portfolio, shared service, or transformation with responsibility for strategy, governance, execution, and measurable outcomes.
• Knowledge of the market data ecosystem, including exchanges, index providers, pricing and reference data, terminals, feeds, APIs, files, derived data, entitlements, redistribution, non-display usage, and licensing agreements.
• Experience leading strategic provider relationships, enterprise negotiations, renewals, sourcing decisions, audits, or remediation activities.
• Experience managing financial processes including spend management, forecasting, demand management, cost allocation, and value realization.

Responsibilities

• Define and execute a multi-year enterprise market data strategy aligned to business, product, technology, financial, and growth objectives.
• Lead and mature the Enterprise Market Data Management operating model, including governance, service delivery, intake processes, decision rights, performance metrics, and escalation frameworks.
• Establish and maintain controls for market data intake, ownership, licensing, entitlements, access, usage, redistribution, documentation, and retirement.
• Serve as the senior relationship owner for strategic market data providers and support enterprise agreements, renewals, sourcing strategies, pricing discussions, audits, and commercial negotiations.
• Develop reporting and oversight for market data spend, contracts, renewals, invoices, allocations, savings opportunities, and financial exposure.

Skills

Market data leadership

Enterprise strategy

Governance

Financial management

Vendor management

Stakeholder influence

Data governance

Cross-functional leadership

Tools

Contracts management

Vendor negotiations

Job description

Lead with Purpose, Unlock Your Team’s Passion

At LPL, people leaders hold the key to the employee experience, shaping culture, driving performance, and guiding individuals to new heights. Because when that happens, we all win, clients, LPL, and most importantly, our employees.

Job Overview:

The VP, Enterprise Market Data Management (EMDM) will lead LPL’s enterprise-wide market data function and serve as the firm’s senior strategic advisor for third-party market data. This leader will establish and execute the enterprise strategy and operating model for governance, licensing, entitlements, vendor and commercial management, demand and expense management, inventory, lineage, risk remediation, and operational oversight. The role will partner across Product, Technology, Data, Finance, Strategic Sourcing and Procurement, Legal, Risk, Compliance, Operations, Trading, Research, Investment Management, and other business functions to ensure market data supports business objectives and is used in accordance with contractual and regulatory obligations.

Responsibilities:

• Define and execute a multi-year enterprise market data strategy aligned to business, product, technology, financial, and growth objectives.
• Lead and mature the Enterprise Market Data Management operating model, including governance, service delivery, intake processes, decision rights, performance metrics, and escalation frameworks.
• Establish and maintain controls for market data intake, ownership, licensing, entitlements, access, usage, redistribution, documentation, and retirement.
• Serve as the senior relationship owner for strategic market data providers and support enterprise agreements, renewals, sourcing strategies, pricing discussions, audits, and commercial negotiations.
• Develop reporting and oversight for market data spend, contracts, renewals, invoices, allocations, savings opportunities, and financial exposure.
• Maintain enterprise visibility into market data inventory, lineage, metadata, consumption patterns, contracts, applications, users, and downstream dependencies.
• Partner with Technology and business stakeholders to support operational resiliency, entitlement administration, vendor issue resolution, and critical data delivery services.
• Ensure Enterprise Market Data Management engagement in new products, acquisitions, integrations, artificial intelligence initiatives, third-party arrangements, and distribution models involving market data.
• Build, coach, and develop a high-performing team with clear accountability, succession planning, and ownership across providers, services, and portfolios.

What are we looking for?

We are seeking a senior enterprise leader who can operate at the intersection of market data, business strategy, commercial management, governance, risk, technology, and operations. The successful candidate will demonstrate the ability to create structure in complex environments, influence decisions across organizational boundaries, and translate market data concepts into practical business outcomes. Individuals who pursue greatness, act with integrity, are driven to help our clients succeed, win together, and create and share joy will thrive in this role.

Requirements:

• 10+ years of experience in market data, financial information services, data products, product management, vendor management, commercial management, data governance, sourcing, financial services technology, or related leadership roles.
• Experience leading an enterprise function, operating model, product portfolio, shared service, or transformation with responsibility for strategy, governance, execution, and measurable outcomes.
• Knowledge of the market data ecosystem, including exchanges, index providers, ratings providers, pricing and reference data, terminals, feeds, APIs, files, derived data, entitlements, redistribution, non-display usage, and licensing agreements.
• Experience leading strategic provider relationships, enterprise negotiations, renewals, sourcing decisions, audits, or remediation activities.
• Experience managing financial processes including spend management, forecasting, demand management, cost allocation, and value realization.

Core Competencies:

• Enterprise Strategy to Execution: Ability to translate enterprise objectives into a practical market data strategy, roadmaps, governance routines, commercial priorities, controls, and measurable outcomes.
• Market Data Domain Leadership: Deep understanding of providers, products, exchanges, indices, ratings, licensing models, entitlements, data delivery, redistribution, and consumption patterns relevant to enterprise decisions.
• Commercial and Financial Judgment: Ability to connect validated demand and usage to sourcing, negotiation, spend optimization, forecasts, funding decisions, and defensible business value.
• Governance and Risk Management: Ability to establish preventive controls, decision rights, escalation paths, audit readiness, and accountable remediation across a complex and regulated ecosystem.
• Technology and Data Fluency: Ability to understand data flows, applications, lineage, cloud delivery, resiliency, and consumption monitoring well enough to guide decisions and cross-functional partnerships.

Preferences:

• Proven ability to influence and communicate with executives across Product, Technology, Data, Finance, Procurement, Legal, Risk, Compliance, and Operations.
• Experience building, coaching, and developing high-performing teams.
• Experience within a broker-dealer, wealth management firm, investment manager, exchange, market data provider, financial data platform, or similarly regulated financial institution.
• Direct experience with major market data providers including LSEG, FactSet, Morningstar, Bloomberg, exchanges, index licensors, ratings agencies, and financial information platforms.
• Experience with market data inventory, entitlement, contract management, terminal management, lineage, metadata, catalog, data discovery, or spend management capabilities.

Pay Range:

$149,556.00 - $249,260.00

Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location.

Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play.

• 401K matching
• health benefits
• employee stock options
• paid time off
• volunteer time off

Company Overview:

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace(6) , LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com. At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.

Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Principals only. EOE.

Information on Interviews:

LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum. During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card. Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at [phone].

EAC 5.19.26