Market Data Commercial Manager - 14 Month fixed term contract

Job Description

Who were looking for The Commercial Manager role requires a good knowledge of Market Data operations with specific relevance to activities within an asset management company. Commercial Management will require undertaking demand challenges with vendorsas 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 requirementsand you will be required to support the business by reviewing draft 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 andconditions. This will require significant interaction with internal groups to educate and manage operating behaviours. This role also expects a strong background in the procurement of Index data, covering the key providers, their commercial policies, usagerights and associated challenges. Previous knowledge around how a buy-side asset manager benefits from its use would also be beneficial. About Schroders Were a global investment manager. We help institutions, intermediaries and individuals around the worldinvest money to meet their goals, fulfil their ambitions, and prepare for the future. We have around 6,000 people on six continents. And weve been around for over 200 years, but keep adapting as society and technology changes. What doesnt change is our commitmentto helping our clients, and society, prosper. The base We moved into our new HQ in the City of London in 2018. Were close to our clients, in the heart of the UKs financial centre. And we have everything we need to work flexibly. The team Market Data TeamOverview The Market Data 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 mandateis 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 knowledgethat our team is expected to demonstrate. What youll do Key Responsibilities for the Market Data Commercial Manager Role include:Support the contract renewals process through pipeline tracking and interaction with Business Analysis via our High/Low andFront to Back commercial processesEngagement with the standard BAU process of ordering data, with an additional split focus on handling Index requests via our process for indicesVendor liaison as an owner of the commercial relationships with our providers Support for service enablements and escalation point for service and vendor issuesAdvising potential & existing users and stakeholders about vendor policies and market data license restrictionsConsultancy expertise to users / project teams at the contractlevel with regards to data usage and licensingMonitoring of application data consumptionInventory updates and related admin where necessary, including the operation of contract alarms The knowledge, experience and qualifications you need Essential Skills A proven track record in Market Data, with strong experience in Market Data commercials, negotiations and complianceGood knowledge of Investment Management - what we do as a firm/how we make moneyExperience of working with vendors at both a strategicand tactical level, including Bloomberg, Factset, Refinitiv, Markit, FTSE and MSCI.A strong working knowledge of Index data, its use and how it is commercially packaged by providers is preferred.Awareness around Regulatory change impacts, particularlyin the Index space.Experience of market data systems such as FITS, DART, DACSExcellent communication and relationship skillsAttention to detail and a flexible attitudeAble to work to tight deadlines, particularly in relation to diarised processes Strong MS-Office skills, especially Excel What youll be like An experienced Market Data professional with both a commercial and business analyst background. Market Data Vendor and competing landscape knowledge across the key providers, the ability to negotiateand achieve good outcomes/improved terms, compliance awareness, self-starter and team player with the ability to follow process and close out all associated admin functions. Were looking for the best, whoever they are Schroders is an equal opportunities employer.Youre welcome here whatever your socio-economic background, race, sex, gender identity, sexual orientation, religious belief, age or disability.