Strategic Data Management Lead

Millennium•New York, NY

1d•$160,000 - $250,000

About The Position

The Strategic Data Management Lead is part of the Strategic Data Management team within the Content Operations group in Operations & Middle Office. The team supports investment teams and core functions across the firm and partners with Technology, Data Management, Operations, Legal, Compliance, Finance, and Procurement in a fast-paced, global investment environment. The role sets vendor strategy, prioritizes investments, and drives firm-wide operational improvements. The position leads strategic market data vendor relationships, negotiations, governance, performance oversight, and risk mitigation. It also partners with investment professionals and internal teams to address data, product, and workflow needs; oversees market data budgeting and controls; and improves vendor-management and market data processes. Millennium describes its work environment as offering independence and support, collaboration, disciplined risk management, and continuous learning. The estimated base salary range for this position is $160,000 to $250,000, specific to New York. Total compensation includes base salary, a discretionary performance bonus, and comprehensive benefits. The salary range may change, and the final offer considers the candidate’s experience and qualifications.

Requirements

Bachelor’s degree in Finance, Business Administration, Information Technology, or a related field.
Significant experience in market data, commercial and relationship management, operations, finance, or a related discipline within financial services.
Demonstrated success owning senior vendor relationships and negotiating complex, high-value commercial agreements.
Deep understanding of market data products, vendors, licensing models, and the financial markets ecosystem.
Experience with data management, vendor governance, entitlement or inventory management, and operational process improvement.
Strong financial acumen, including budgeting, forecasting, cost analysis, and allocation methodologies.
Strong people-leadership skills and ability to develop and manage a high-performing team.
Excellent communication, influencing, analytical, problem-solving, and decision-making skills, with the ability to manage multiple priorities and stakeholders in a fast-paced, global investment environment.

Nice To Haves

An advanced degree or relevant certifications.
Experience leading teams is strongly preferred.
Strong product knowledge across asset classes and investment workflows; experience supporting portfolio managers and trading teams is a plus.

Responsibilities

Own senior-level relationships with market data vendors and other strategic providers, serving as the primary escalation point and developing productive, long-term partnerships.
Lead negotiations for new agreements, renewals, pricing, service levels, licensing terms, and commercial structures, balancing cost, service, risk, and business requirements.
Develop and execute a global vendor strategy aligned with the firm’s investment, technology, operational, and financial objectives.
Establish and oversee vendor performance metrics, service-level agreements, governance routines, and remediation plans; identify and mitigate vendor, operational, and continuity risks.
Partner with Finance and Procurement on market data budgets, forecasts, invoice validation, cost allocations, inventory, usage, and savings initiatives.
Work with portfolio managers, traders, research teams, and other investment professionals to understand data, product, and workflow needs; coordinate vendor solutions with Technology, Data Management, Operations, Legal, Compliance, and other core groups.
Apply market data knowledge to sourcing, licensing, entitlement, and product decisions; contribute to governance of market data inventory, entitlements, data quality, licensing compliance, and lifecycle controls.
Lead improvements to vendor-management and market data processes, controls, reporting, tooling, and automation, ensuring compliance with internal policies, contractual obligations, and applicable regulatory and exchange requirements.