Market Data Operations Specialist

Market Data Operations Specialist

Job Summary:

We are seeking a highly skilled and experienced Strategic Data Management Specialist to join our Global Data Operations function. This role is critical in overseeing the relationships with our external vendors, ensuring the integrity, availability, and security of our data, and managing operational workflows. The ideal candidate will have a robust background in vendor management, operations, finance, and data optimization. Investment process and product knowledge is a plus.

Key Responsibilities:

Vendor Management:

• Vendor Relationship Management: Establish and maintain strong relationships with key vendors, including market data providers, trading platforms, and technology service providers.
• Contract Negotiation: Negotiate contracts and service level agreements (SLAs) to ensure the best terms and conditions for the firm.
• Performance Monitoring: Monitor vendor performance against SLAs and KPIs, ensuring compliance and addressing any issues or discrepancies.
• Cost Management: Manage vendor-related expenses, seeking opportunities for cost savings and efficiency improvements.
• Risk Management: Identify and mitigate risks associated with vendor relationships, ensuring business continuity and compliance with regulatory requirements.

Data Management:

• Data Governance: Develop and implement data governance policies and procedures to ensure data quality, consistency, and security.
• Data Integration: Oversee the integration of data from various sources, ensuring seamless flow and availability of data across the organization.
• Data Quality Assurance: Implement data quality assurance processes to monitor and improve data accuracy and completeness.
• Data Analytics: Collaborate with the analytics team to ensure the availability of high-quality data for analysis and decision-making associated to data vendors
• Technology Implementation: Contribute to development and implementation of data management technologies and tools to enhance data processing and storage capabilities for data sets managed

Operations Management:

• Operational Efficiency: Streamline operations processes to enhance efficiency and reduce operational risk.
• Workflow Management: Oversee daily vendor operational workflows, ensuring smooth execution and timely resolution of any issues.
• Compliance: Ensure all vendor related operational activities comply with regulatory requirements and internal policies.
• Product Knowledge: Utilize in-depth knowledge of hedge fund products (e.g., equities, fixed income, commodities, quant services) to support operational processes and decision-making.

Financial Management:

• Budgeting and Forecasting: Assist in budgeting and financial forecasting for vendor-related expenses.
• Financial Reporting: Collaborate with the finance team to provide accurate and timely financial reports related to associated vendor expenses
• Cost Analysis: Conduct cost-benefit analyses to evaluate vendor services and operational initiatives with business lines across the firm (Equities, Fixed Income, Commodities, etc.)
• Cost Allocations:  Work closely with finance to ensure vendor services have proper allocation methodologies, inventory/users

Qualifications:

• Education: Bachelor’s degree in Finance, Business Administration, Accounting, , or a related field. A Master’s degree in Business, Analytics or relevant certifications (e.g., CFA, CAIA, FRM) is a plus.
• Experience: Minimum of 5-7 years of experience in hedge fund operations, finance, vendor management, data management, and client relationship management.
• Skills:

• Strong understanding of hedge fund operations, finance, and the financial services industry.
• Proven experience in managing vendor relationships and negotiating contracts.
• Expertise in data governance, data integration, and data quality assurance.
• Proficiency in data management tools and technologies.
• In-depth knowledge of hedge fund products such as equities, fixed income, and derivatives.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong communication and interpersonal skills, with the ability to collaborate effectively with internal and external stakeholders.
• Ability to manage multiple projects