Full job descriptionInternational bank seeks a Market Data Manager To lead and develop Market Data Services capability, providing strategic and operational oversight of the market data estate. The role iscaccountable for service quality, commercial value, licensing compliance, data integrity and effective stakeholder engagement across the full lifecycle of market data products and services.
As the senior MDS subject matter expert within a small organisation, thecrole will combine strategic leadership with hands-on responsibility for day-to-day MDS operations. The role will shape the market data strategy,cstrengthen governance and controls, improve management information,cand identify opportunities to optimise cost, usage and service deliverycacross relevant entities.
Principal duties:
Act as SME for market data, providing authoritative advice on
products, licensing, exchanges, usage rights, commercial models and
industry developments.
Establish and maintain an effective MDS governance framework,
including policies, standards, procedures, controls, service measures
and clear ownership across the market data lifecycle.
Lead the MDS change agenda, including process simplification,
automation, data-quality improvement and technology optimisation.
Commercial and supplier management
Lead commercial management of the market data estate, including
new requirements, renewals, terminations, benchmarking and cost-
optimisation initiatives.
Challenge demand and product selection to ensure uses
appropriate, cost-effective market data products and services while
meeting business and regulatory needs.
Maintain effective senior relationships with key vendors, exchanges,
business sponsors, Technology, Finance, Legal, Risk and other relevant
stakeholders.
Identify and deliver sustainable savings through demand management,
product rationalisation, licence optimisation, contract leverage and
elimination of unused or duplicated services.
Ensure market data usage remains compliant with contractual,
exchange and vendor licensing requirements, with clear evidence of
control design and operation.
Lead vendor and exchange audits from notification through evidence
submission, issue resolution and closure, coordinating internal
stakeholders and remediation where required.
Oversee usage and compliance reporting to vendors, exchanges and
other third parties, ensuring submissions are complete, accurate and
timely.
Lead and undertake day-to-day MDS operations, including product
requests, approvals, ordering, inventory management, user
entitlements, service changes, cancellations and query resolution.
Administer the designated market data management platform and
associated systems, maintaining accurate contract, product, inventory,
user, usage and cost records.
Maintain the market data licence and entitlement matrix, ensuring
each user profile accurately reflects role requirements, approved
products, access rights, licensing conditions and relevant cost
allocation.
Complete market data invoice validation and reconciliation, investigate
and resolve discrepancies, and receipt approved invoices or purchase
orders in the relevant procurement system to support timely payment.
Produce and develop cost, usage, allocation and service reporting for
business management and Finance, supported by regular stakeholder
reviews.
Provide MDS expertise and support to other regions and legal
entities where agreed and appropriate.
Partner with business and technical sponsors to understand demand,
advise on product options and ensure market data requirements are
delivered efficiently.
Provide clear guidance on licensing implications for new business
activity, technology change, data distribution, derived data, non-
display usage and other complex use cases.


Skills and
Experiences:
Substantial market data experience within financial services, with
strong knowledge of vendor, exchange and licensing models.
Proven experience managing a market data estate, including contracts,
inventory, entitlements, usage, compliance, billing and audit activity.
Demonstrable hands-on experience of MDS operations, system
administration, invoice reconciliation and receipting, and the
maintenance of user licence and entitlement matrices.
Experience of market data management platforms and vendor
administration tools. Knowledge of INFOmatch or Optimise and
Bloomberg EMRS is advantageous.
Ability to interpret complex contractual and licensing provisions and
translate them into practical controls and stakeholder guidance.
Strong analytical capability, with the ability to turn detailed cost, usage
and inventory data into clear insight and action.
Excellent stakeholder management and communication skills, including
the confidence to influence and challenge at senior levels.
Experience leading change, improving processes and strengthening
governance in a controlled environment.
Strong knowledge of Non-Display use, Derived Data and Enterprise
Licensing.


Desirable
Knowledge of market data technology, data distribution, non-display
use, derived data and enterprise licensing.
Working knowledge of Procurement, Third Party Risk Management,
operational resilience and data-governance principles.


Qualifications:
The role holder may be expected to control and/or process personal
data, which may include sensitive categories of personal data, of either
staff or clients.
The role holder is responsible for having an awareness of GDPR
obligations and ensuring that all tasks which control and/or process
personal data are carried out in line with internal data protection
policies and standards.