Market Data Vendor Manager
A Leading Financial Services Business are looking to hire a Market Data Vendor Relationship Manager
* 6 month initial contract (scope to roll)
* £500pd - £575 a day via Umbrella company (Inside IR35)
* Based in London, City.
* Hybrid Working - 2 days in the office- but flexible
THE ROLE
We are seeking a highly experienced and proactive senior Market Data Vendor Manager to join our global Market Data Procurement team on a contract basis.
The role will be responsible for overseeing the relationship with third-party market data vendors. Managing contracts, negotiating terms, ensuring compliance. This role involves both strategic planning and day-to-day operations related to market data procurement and vendor management.
KEY RESPONSIBILITIES
* Establish and maintain strong relationships with market data vendors to ensure optimal service delivery and support.
* Managing market data renewals, negotiate contracts and agreements with vendors to secure favourable terms, pricing, and service levels.
* Monitor and evaluate the quality and accuracy of data provided by vendors, ensuring it meets the organization's standards and requirements.
* Working closing with the inventory management team oversee the budget for market data services, including forecasting and tracking expenses related to vendor contracts.
* Stay informed about industry trends and emerging vendors, assessing potential opportunities for new data sources or technologies.
* Work closely with internal stakeholders (e.g., IT, finance, trading teams) to understand their market data needs and ensure that vendor solutions align with business objectives.
* Issue Resolution: Act as part of the team for resolving any issues or disputes with vendors, ensuring timely and effective solutions.
* Maintain accurate records of vendor agreements, performance metrics, and any correspondence, and provide regular reports to management on vendor-related activities.
QUALIFICATIONS AND REQUIREMENTS
* Deep understanding of market data commercial terms, data licensing and governance
* Strong negotiation and analysis skills to deliver the best outcomes on complex enterprise agreements.
* Experienced market data supplier relationship management, governance, compliance, and oversight ideally within commodities sector.
* Experience in using TRG Optimize or Calero MDM
* Excellent analytical skills with a keen attention to detail.
* Strong communication and interpersonal skills, with the ability to liaise effectively with stakeholders and suppliers.
* Ability to work collaboratively within cross-functional teams, including technology and procurement teams.
* Strong organisational skills with the ability to manage multiple tasks and meet deadlines.
* Knowledge of market data trends and industry best practices is advantageous.
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