Market Data Commercial Manager
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Who we're looking for
You will have a strong background in Market data with strong negotiation skills and a knowledge of compliance ideally from an Investment management background, You will be working with a very experienced and supportive team with a broad range of stakeholders and role responsibilities so must be a team player.
We're a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.
We have around 4,000 people on six continents. And we've been around for over 200 years, but keep adapting as society and technology changes. What doesn't change is our commitment to helping our clients, and society, prosper.
This role is based in our state-of-the art newly built Moorgate office which compromises great eating facilities, a gym, doctors, dentist and lots of flexible working areas.
The Market Data Services team is a specialist data content and commercial management function which provides industry-leading guidance and support for the acquisition, provisioning and governance of financial data to all areas of the firm globally. Our mandate is to ensure we operate best practice standards in the maintenance and supply of Market Data. With a diverse user-base comes immensely varied requirements for data and we support these needs by utilising the subject matter expertise and financial knowledge that our team is expected to demonstrate.
What you'll do
You will have a good knowledge of Market Data operations with specific relevance to activities within an investment management company. Commercial Management will require undertaking demand challenges with vendors as well as internal business groups to ensure effective cost-control, identification of saving opportunities and the consolidation/rationalisation of products within our supply chain. You will identify key stakeholders to determine market data business requirements and you will be required to support the business by drafting contracts and negotiating the commercials with our service providers. The function will simultaneously need to provide suitable compliance oversight to ensure adherence to vendor terms and conditions. This will require significant interaction with internal groups to educate and manage operating behaviours.
Key workflows for this function within Market Data include:
Global engagement for vendor management in-line with the firms ongoing needs
Facilitation of BAU requests for services through demand management
Entitlements and user permissioning
Product utilisations with users and providers
Responsible for vendor reporting and declaration requirements
Monthly processes - month-end checks, inventory preparation, due diligence
Commercial oversight for contractual obligations around subscriptions and usage
Efficiency based optimisation of user needs and vendor services
Represent Market Data within Project groups where appropriate
Engagement with the BAU process of ordering data, including the process for indices
Manage the contract renewals process through pipeline tracking and interaction with Business Analysis
Vendor liaison as the owner of the commercial relationships with our providers
Support for service enablement and escalation point for service and vendor issues
Advising potential & existing users and stakeholders about vendor policies and market data license restrictions
Consultancy expertise to users / project teams at the contract level with regards to data usage and licensing
Understanding and validating technical controls and system usage
Monitoring of application data consumption
Responsible for recharge methodology
Key liaison to Legal as part of the commercial review process
Inventory updates and maintenance of contracts records
A proven track record in Market Data, with strong experience in Market Data commercials, negotiations and compliance
Good knowledge of Investment Management - what we do as a firm/how we make money
Experience of working with vendors at both a strategic and tactical level, including Bloomberg, Factset, Thomson Reuters, FTSE Russell and MSCI
Experience of market data systems such as FITS, DART, DACS
Excellent communication and relationship skills
Attention to detail and a flexible attitude
Able to work to tight deadlines, particularly in relation to diarised processes
Strong MS-Office skills, especially Excel
We're looking for the best, whoever they are
Schroders is an equal opportunities employer. You're welcome here whatever your sex, marital status, ethnic origin, sexual orientation, religious belief or age.
Note to Agencies:
Schroders does not accept speculative CV's from agencies. We do have a PSL who are invited to support us when required. We only pay fees to agencies instructed to send CV's and are submitted through our recruitment portal. We do not pay fees on speculative or unsolicited CV's sent to Schroders or Schroders employees and reserve the right to contact unsolicited CV's directly.