VP, Product Manager - Market Data

LPL Financial LLC; 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

and more

Job summary

LPL Financial Holdings Inc. is seeking a VP, Enterprise Market Data Management to lead the firm’s market data strategy, governance, and vendor relationships.

You will drive entitlement administration, licensing, and risk controls while aligning data investments with business priorities and regulatory requirements. You will collaborate with Product, Technology, Legal, Risk, Finance and Operations to deliver scalable data services, manage spend, and realize cost efficiencies while building a

Qualifications

• 10+ years of experience in market data and related leadership roles.
• Experience leading an enterprise function with strategy, governance, execution and measurable outcomes.
• Knowledge of the market data ecosystem, licensing, entitlements and distribution.

Responsibilities

• Define and execute a multi-year enterprise market data strategy aligned to objectives.
• Lead and mature the EMDM operating model with governance and metrics.
• Establish controls for market data intake, licensing and entitlement management.
• Serve as senior relationship owner for strategic market data providers and negotiations.
• Develop reporting for market data spend, renewals, invoices and savings opportunities.

Skills

Market data leadership

Vendor management

Strategic thinking

Cross-functional leadership

Governance

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. If you're ready to lead with intention and discover what’s possible, LPL Financial invites you to apply today.

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 joywill 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.

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.

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.

Pay Range:

#LI-Hybrid 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.

Benefits:

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

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. For further information about LPL, please visit www.lpl.com.

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 LPL Financial is the nation’s largest independent broker-dealer.* Our company is widely known for its financial strength, exceptional service, and favorable industry reputation among financial professionals. To understand who we are, it’s important to know our core belief: financial guidance is a fundamental need for everyone. LPL Financial creates the space to let you do what you do best – create personal, long-term client relationships that turn financial aspirations into realities. Each year, thousands of financial professionals successfully manage billions of dollars in assets. Because our company is not too big and not too small, you can seize the opportunity to make a real impact. To learn more about our organization visit our About LPL page. * As reported by Financial Planning magazine, June 1996-2019, based on total revenue. Want to learn more about the benefits of working at LPL? Check out the links below! We Are LPL Benefits Culture Social Responsibility

Equal Opportunity Employer:

EOE.

Principals only.