Senior Manager Market Data Management

Mackenzie Financial Corporation•Toronto, ON

4d•CA$97,000 - CA$117,500•Hybrid

About The Position

The Senior Manager Market Data reports to the Director Market Data Management and is responsible for overseeing the acquisition, governance and optimization of market data across the organization, ensuring compliance, cost efficiency and alignment with Business Unit needs. The Senior Manager Market Data Management supports the Director Market Data Management with developing and implementing IGM’s market data strategy.

Requirements

5-7 years of experience in market data vendor management and category analytic role
Minimum 5 years’ experience at a financial institution with exposure to financial markets
Experience with market data platforms (Bloomberg, Refinitiv)
Familiarity with financial markets and data governance
Strong analytical and project management skills
Skilled in negotiations supporting financial services categories, including but not limited to finance, market data, fund operations, industry subscriptions and wealth product management
Expert knowledge on developing and interpreting spend and market analysis
Ability to influence and manage senior to executive level stakeholders using advanced negotiation, facilitation and mediation skills
Experience in continuous improvement environments
Expert knowledge in Excel and PowerPoint

Nice To Haves

Undergraduate degree in business or finance
Experience with an asset manager or buy side firm or bank
Canadian Securities Course
Financial Information Associate
Knowledge of financial markets, fund management and/or private wealth
Experience using a market data inventory management system (TRG Screen)
Experience in data visualization tools, such as Tableau

Responsibilities

Implements IGM’s market data strategy across Business Unit(s) by translating it into a set of implementable and measurable plans and targets
Participates in and prepares materials for the Market Data Council meetings
Ensures compliance with data licensing agreements and vendor contracts across BUs
Contributes to the development and implementation of the goals, objectives, and budget for their assigned Business Unit(s)
Collaborates with the assigned Business Unit(s) to establish policies and procedures for data usage, entitlements and cost control.
Provides advice to assigned Business Unit(s) relating to market data sourcing strategies, through data collection, market research and spend analytics
Helps to maintain currency of the market data inventory management system and uses the data to identify optimization opportunities in the portfolio
Leads development of market data sourcing strategies leveraging market trends to maximize value to the business
Analyzes and understands all potential third-party risks at the market data category/supplier level (e.g. data security, privacy, regulatory and compliance, and reputational risks) and develops appropriate mitigation strategies with business leaders
Manages the day-to-day relationships with key market data vendors (e.g Bloomberg, MSCI, Factset, FTSE etc.)
Monitors market data vendor performance and service levels
Leads contract negotiations, renewals and compliance audits
Leads internal resources and business partners in supporting the development of a sourcing strategy or planning of a sourcing exercise and ensuring alignment with the overall market data strategy
Participates with Sourcing Lead in RFX / competitive bid process from issue, evaluation, negotiations, and vendor selection
Collaborates with business partners in recommending and providing decisions on optimal vendors that best meet the evaluation criteria and objectives of the business
Uses the Source-to-Contract platform and follows procurement processes and the Procurement Policy to complete sourcing and contracting activities
Works closely with investment management, asset management and other consumers of market data along with risk stakeholders, procurement, compliance and IT teams.
Understands business needs and aligns market data services accordingly
Stays updated on trends like cloud data services, AI in market data management data and other market data industry trends.