Market Data Commercial Manager

Join Barclays as a Market Data Commercial Manager and play a pivotal role in our Procurement team. As a Market Data Commercial Manager, you’ll be responsible for managing commercial relationships and procurement activities related to market data. You’ll engage with internal stakeholders to address queries, ensure compliance with third-party risk management protocols, and drive value through strategic sourcing.

To be successful as a Market Data Commercial Manager, you should have:

Solid experience in procurement or market data.

Strong stakeholder engagement and relationship management.

Working knowledge of third-party risk and compliance frameworks.

Some other highly valued skills may include:

Process-oriented with a focus on operational efficiency.

Clear, confident communicator across teams and vendors.

Skilled in commercial negotiation and securing value.

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

This role is based in Glasgow.
Purpose of the role

To partner with key stakeholders and forums to oversee Procurement service delivery, provide advice and develop procurement strategy to meet both the needs of the business and Procurement.

Accountabilities Development & implementation of the wider Procurement strategy in collaboration with stakeholders and Procurement domains.

Implementation of the procurement strategy aligned to the bank’s objectives and relevant regulators, through the prioritisation and use of Procurement resources.

Provide expertise on Procurement policies and procedures, third party risk, sourcing strategy and supplier relations to business stakeholders through education.

Act as a point of escalation for Procurement service and delivery issues for business stakeholders.

Act as the primary interface for Procurement with senior stakeholders in the business, developing & utilising relationships and influence to deliver improvements in key indicators and objectives.

Identification of & where applicable, delivery of opportunities for business cost savings, client experience, service improvement & Procurement efficiency.

Voice of the business with Procurement domains, developing and utilising relationships & influence to impact Procurement service delivery.

Provide insights and actionable intelligence to business stakeholders to support business decision making to improve the commercial & risk profile of the business.

Support the business with strategic activity acting as the Procurement representative for key business change programmes, acquisitions and divestments.

Analyst Expectations To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.

Requires in-depth technical knowledge and experience in their assigned area of expertise

Thorough understanding of the underlying principles and concepts within the area of expertise

They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.

If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.

OR for an individual contributor, they develop technical expertise in work area, acting as an advisor where appropriate.

Will have an impact on the work of related teams within the area.

Partner with other functions and business areas.

Takes responsibility for end results of a team’s operational processing and activities.

Escalate breaches of policies / procedure appropriately.

Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.

Advise and influence decision making within own area of expertise.

Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to.…