Market Data Vendor Manager - Contractor

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.