Market Data - Sr Specialist

MFS Investment Management • Boston, MA

2d • Hybrid

About The Position

At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate care and compassion for our community and each other. Because what we do matters – to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures. THE ROLE The Market Data Sr. Analyst is responsible for supporting MFS in the acquisition, management, and optimization of third-party market data to enable portfolio management, trading, operations, compliance, risk, performance, and client reporting functions. The role provides exposure to data users across the organization and requires relationship management with external data providers, procurement, and governance functions. This position offers a unique opportunity to learn and contribute to all aspects of investment management through the lens of market data.

Requirements

• Bachelor’s degree or equivalent experience.
• 2–5+ years of experience in the financial services industry, with at least 1–2 years of focus on market data acquisition and vendor management.
• Knowledge of major third-party market data vendors, exchanges, and the services they provide.
• Strong interpersonal, communication, and negotiation skills with proven ability to interact effectively with stakeholders at all levels, particularly trading and research staff in a fast-paced investment environment.
• Demonstrated ability to manage multiple priorities and deadlines.
• Team-oriented, collaborative approach to problem solving and relationship building.

Responsibilities

• Vendor Lifecycle Management Assist in managing the vendor lifecycle from initial request and onboarding through negotiations, legal review, and contract execution.
• Administer contract renewals, ensuring timeliness and alignment with business needs.
• Maintain exchange reporting and audits, ensuring compliance with licensing requirements.
• Stakeholder Engagement & Collaboration Collaborate with portfolio management, trading, research, operations, and other business partners to document business needs and align them with vendor services.
• Educate data users on contractual rights and restrictions to ensure compliance with usage terms.
• Partner with procurement, legal, risk, and compliance to ensure appropriate governance and due diligence across all contractual engagements.
• Operational Management Maintain the vendor inventory system, ensuring contracts, entitlements, and pricing information are accurate and current.
• Develop and deliver a monthly reporting schedule for stakeholders to provide transparency into market data spend and usage.
• Manage workflow allocation through JIRA and generate dashboards to track activity and progress.
• Strategic Initiatives & Continuous Improvement Engage in strategic initiatives to improve the investment and data lifecycle, with a focus on cost efficiency and value creation.
• Document and update internal procedures to ensure consistency with best practices.
• Track and document cost savings, avoidance, and budget headwinds, aligning reporting with the overall market data budget.

Benefits

• MFS contributes an amount equal to 15% of your base salary to your retirement account that is separate from the company -sponsored 401(k)
• Education Assistance: MFS contributes $100 monthly up to $10,000 lifetime maximum directly to loan provider
• Education Assistance: Tuition reimbursement up to $8,000 annually
• Education Assistance: Access to discounted tutors and college coaches
• Generous time off and fully paid leaves including 20-weeks for maternity, 12-weeks for parental and caregiver leaves
• Choice of medical and dental plans and an and an employer contribution into the Health Savings Account
• Tax deferred commuter benefits & flexible spending accounts (medical & dependent care)
• Wellness Programs: Robust wellness webinars, employee assistance program with a focus on mental health, subsidized fitness benefit via Wellhub (formerly Gympass), where you can workout at gyms, studios and boutique fitness locations near you, join virtual personal training sessions and access a wide variety of well-being apps

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees