Market Data Financial Operations Analyst

Job Type: Contract / Full-Time
Experience: 3–7+ Years
Industry: Financial Services / Capital Markets
Location: New York
Work Arrangement: Remote

Job Summary

We are seeking a Market Data Financial Operations Analyst to support market data financial operations, vendor management, market data governance, and financial reporting within a global financial services environment.

The ideal candidate will have experience working with market data operations, financial analysis, billing and invoice reconciliation, vendor management, and market data management platforms. Experience with FITS and financial systems such as PeopleSoft is highly preferred.

This role requires a detail-oriented professional who can work effectively with Finance, Procurement, Technology, Market Data, and external vendors to ensure accurate billing, strong financial controls, and effective market data governance.

Key Responsibilities

• Manage market data financial operations across a global vendor portfolio, including:

  • Invoice processing and reconciliation

  • Billing validation

  • Accruals

  • Forecasting and budgeting

  • Variance analysis

  • Financial reporting

  • General Ledger (GL) allocation

• Maintain and administer the Market Data Management (MDM) platform.

• Maintain accurate market data inventory, vendor records, services, subscriptions, and ownership information.

• Support market data entitlement administration and onboarding/offboarding activities.

• Monitor vendor spend and identify billing discrepancies, pricing issues, and cost-management opportunities.

• Partner with internal stakeholders and external market data vendors to research and resolve invoice and billing discrepancies.

• Validate vendor contracts, pricing, services, and billing terms.

• Support audits, financial controls, regulatory reporting, and market data governance activities.

• Prepare recurring and ad hoc management reports covering:

  • Market data spend

  • Budget vs. actuals

  • Variance analysis

  • Vendor costs

  • Operational metrics

  • Financial trends and insights

• Analyze high-volume financial and operational data to identify discrepancies, trends, and opportunities for cost optimization.

• Support market data inventory governance and ensure data and vendor information remains accurate and current.

• Contribute to process-improvement initiatives that improve financial controls, operational efficiency, market data governance, and service quality.

• Collaborate with Finance, Procurement, Technology, Operations, and other stakeholders to improve transparency and control over market data expenditures.

Required Qualifications

• 3–7+ years of experience in market data administration, market data operations, financial operations, accounting, billing, vendor management, or a related financial services environment.

• Strong experience with:

  • Invoice reconciliation

  • Billing validation

  • Accruals

  • Budgeting and forecasting

  • Variance analysis

  • Financial reporting

  • High-volume invoice processing

• Advanced Microsoft Excel skills, including:

  • Pivot Tables

  • VLOOKUP / XLOOKUP

  • Data analysis and reconciliation

• Experience with Market Data Management (MDM) platforms; FITS is highly preferred.

• Experience with ERP, Accounts Payable, or financial systems such as PeopleSoft.

• Strong analytical and problem-solving skills with the ability to investigate financial discrepancies and identify root causes.

• Excellent organizational and time-management skills with the ability to manage multiple priorities and deadlines.

• Strong written and verbal communication skills.

• Ability to work effectively with internal stakeholders and external vendors.

• Strong attention to detail and commitment to financial accuracy, governance, and operational controls.

Preferred Qualifications

• Experience working within investment banking, capital markets, asset management, or other financial services organizations.

• Experience working with market data vendors and subscription-based market data services.

• Knowledge of exchange reporting requirements and market data compliance obligations.

• Experience with market data inventory and entitlement governance.

• Experience supporting vendor contract and pricing validation.

• Experience identifying market data cost savings and optimization opportunities.

• Experience supporting financial controls, audits, and operational governance initiatives.

• Experience with FITS / Market Data Management platforms.

Key Skills

Market Data | Market Data Management | Financial Operations | Billing | Invoice Reconciliation | Vendor Management | Accruals | Forecasting | Budgeting | Variance Analysis | Financial Reporting | GL Allocation | FITS | PeopleSoft | Advanced Excel | Market Data Governance | Entitlements | Capital Markets | Investment Banking

Ideal Candidate

The ideal candidate combines market data operations knowledge with strong financial and analytical skills. You should be comfortable working with large volumes of invoices and financial data while also understanding market data inventory, vendor services, entitlements, contracts, and operational governance.

Candidates with direct FITS/MDM experience and investment banking or capital markets experience are especially encouraged to apply.