Market Data Manager

About the Role:

The role will report into our Data Transformation Head in Product Design. The team is focused on consolidating our data assets including those procured into the business and data generated by the business. The team is at the heart of shaping the future of OSTTRA and delivering efficiencies for our customer and internal functions.

The role will report into our Data Transformation Head in Product Design. The team is focused on consolidating our data assets including those procured into the business and data generated by the business. The team is at the heart of shaping the future of OSTTRA and delivering efficiencies for our customer and internal functions.

The Market Data Manager will be responsible for designing and implementing the technical solutions for a newly established centralised market data management function within OSTTRA. The role will cover all market data sourcing and licensing conversations with external vendors as well as ownership of entitlement and compliance frameworks associated with the onward use of the data. This role will play a pivotal part in ensuring the integrity, security, and efficiency of market data capture, storage and distribution across OSTTRA’s data sources.

The Market Data Manager will:

• Design and implement robust solutions that perform procured data inventory management, in collaboration with cross functional teams
• Develop and maintain comprehensive documentation for all designs and processes.
• Vendor Relationship Management:
• Manage relationships with market data vendors, ensuring favourable terms and compliance with contractual obligations.
• Negotiate contracts, renewals, amendments and new requests to optimise for cost and service quality.
• Act as the primary point of contact for vendors, addressing any issues or escalations promptly.
• Compliance and Licensing Management:
• Monitor and enforce compliance with internal market data licensing policies.
• Ensure all data usage adheres to vendor agreements and regulatory requirements.
• Conduct regular audits and assessments to verify compliance and address any discrepancies.
• Data Governance and Quality Assurance:
• Develop, implement and maintain governance frameworks and procedures to ensure data accuracy, integrity, and consistency.
• Monitor data quality metrics and drive continuous improvement initiatives.
• Stakeholder
  
  Collaboration:
• Primary point of contact for all internal market data requests
• Collaborate with internal stakeholders, including IT, legal, compliance, and business units, to align market data solutions with organisational goals.
• Provide technical expertise and support for market data-related projects and initiatives.
• Conduct training and awareness sessions for end-users on data policies and best practices.
• Reporting and Analytics:
• Develop and deliver regular reports on market data usage, compliance, and vendor performance.
• Utilise analytics to gain insights into market data trends and inform decision-making.
• Support strategic planning with accurate and timely data analysis.

• Bachelor’s degree in a related field.
• Experience in designing, implementing and/or maintaining data systems and transformation processes.
• Strong understanding of data procurement and data distribution technologies.
• Proven knowledge of financial markets reference and price data and familiarity with licensing & compliance frameworks from the leading financial market data providers.
• Proficiency in query languages and well as experience in interpreting complex database structures.
• Proven experience working with strategic external stakeholders.
• Experience working with, or implementing change to governance frameworks and timely status reporting.
• Demonstrated ability to drive process improvement.
• Excellent communication and collaboration skills.
• Ability to work effectively with cross-functional teams and senior management.

• Advanced degree preferred.
• Experience in the financial services or capital markets industry.
• Prior negotiation experience at an enterprise level.
• Experience with data management or market data best practices.
• Experience…