We are seeking aNew York-based Market Data Business Analyst to join the Market Data Vendor Management function within Global Market Data Services.
Describe the role:
Involved in all aspects of the Vendor Management function to support Trading, Research, Sales etc., handling all new vendor requests, negotiating new contracts & renewals, initial suitability vetting of all end-user requests for services, regular spend reports to senior business leaders, and projects requiring Market Data Services’ involvement.
Describe the applications and business or enterprise functions the role supports:
This role supports front-office market data users globally, with most work concentrated in the New York, London, and Hong Kong offices.
The key job responsibilities include, but are not limited to:
Regular spend analysis of business unit’s market data inventory, having a full understanding of all drivers, and the ability to make projections or present findings upon request.
Negotiate all renewals and requests for new services.
Gather end-user and business requirements when processing new vendor requests to ensure ultimate compliance with contract stipulations, and potentially manage disputes involving internal or external usage of vendor data.
Assist the business units sourcing market data when vendor selection has not yet taken place.
Provide accurate contract information to the market data admin team for upload into the FITS inventory, and assist with any billing issues that arise when renewal details don’t match invoices.
Investigate opportunities for cost savings and avoidance, pitching ideas to key business leaders for possible displacements, and supporting the business through any transitions.
Job Qualifications (The ideal candidate should have the following):
Strong attention to detail. Ability to multitask. Ability to interface with and present to senior management in a high-pressure environment. Experience with supporting a Sales, Trading, and Research environment, and a familiarity with the typical applications used in each area.
Qualifications, Experience, Education:
Bachelors Degree preferred. Experience working with Financial Services firms (Investment Banks, Hedge Funds, Asset Managers etc.). Strong knowledge of an inventory management system (FITS preferred, MDSL, Infomatch). At least 5 years of contract negotiation experience. Familiarity with vendor usage limitations for major market data vendors, how to mitigate risk of data misuse, and experience working with legal to obtain favorable contract terms. The ideal candidate will also have intermediate to advanced MS Office experience, particularly with Excel, to generate spend analytics. At least 5 years sourcing and negotiating for market data services, and experience with the major vendors (Bloomberg, Factset, Thomson Reuters, etc.)
36 West Main Street, Suite 204 Freehold, NJ, 07728