Market Data Services Administrator

Royal Bank of Canada•Toronto, ON

23h•Onsite

About The Position

The global Market Data Services team consists of three sub-groups (MDS Administration, MDS Solutions and MDS Compliance) who engage, strategize, and support enterprise-wide businesses and stakeholders. This role in the MDS Control team is responsible for the access management of market data services (including but not limited to granting entitlements); and partners with technology and operations professionals providing expertise on market data service orders.

Requirements

3–6 years of experience in market data operations, entitlements management, or a related function within financial services.
Deep working knowledge of at least two major market data vendors and their licensing models.
Experience with enterprise entitlement or inventory management tools (MDSL, internal systems, or equivalent).
Demonstrated ability to interpret vendor contracts and apply licensing terms to real-world scenarios.
Experience mentoring or training junior team members.
Familiarity with market data cost structures and basic invoice validation.
Strong stakeholder management and communication skills.
Sound judgment on edge cases and the ability to balance compliance with business needs.
Proactive identification of process gaps and inefficiencies.
Ability to translate technical or licensing complexity into clear guidance for business users.
Ownership mentality — follows issues through to resolution without repeated prompting.
Collaboration across technology, procurement, compliance, and front-office teams.
Comfort with ambiguity and ability to establish precedent for undocumented scenarios.

Responsibilities

Processes requests for market data terminals, feeds, and exchange services, including platforms such as Bloomberg and Refinitiv.
Reviews all orders for accuracy against applicable licensing agreements and coordinates with vendors for timely setup and provisioning.
Maintains and updates a global inventory of all active market data users, vendors, and services, including physical hardware, software entitlements, and user licenses.
Monitors inventory to identify redundancies, prevent over-licensing, and mitigate unnecessary costs.
Compiles regular reports on data consumption and prepares declarations of data usage as required by financial exchanges such as NYSE and NASDAQ.
Maintains strong relationships with exchanges, third-party vendors, and key internal business contacts.
Develops a thorough understanding of RBC procedures and processes to effectively support internal teams and external partners.