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We are partnering with a leading Financial Institution's Capital Markets division to find a dedicated Market Data Associate to join a highly specialized and vital team in Toronto. This permanent, front-facing role involves administering the critical market intelligence used across the Capital Markets unit, handling the vast majority of the firm's market data resources. You will be the primary liaison between internal trading and back-office teams and external data vendors, ensuring cost-efficient data access, compliance, and strategic alignment with global business objectives.
Job Responsibility:
Timely manage all market data-related contracts
Negotiate optimal terms and fees to achieve savings and cost avoidance goals
Drive cost optimization initiatives through vendor rationalization, contract restructuring, and usage audits
Act as a primary communication point for internal managers and external market data suppliers
Provide tailored market data solutions to all levels of the business, from the front office to the back office
Manage supplier relationships by engaging regularly to review requirements, issues, and changes
Ensure all market data suppliers adhere to the firm's supplier management standards and business continuity requirements, coordinating with Legal, Finance, and Risk teams
Seek out new market data sources and solutions to meet evolving business needs
Research industry trends and provide guidance on alternative services or regulatory changes impacting market data
Participate in industry forums and evaluate new market data products to provide strategic recommendations for the Enterprise
Produce ad-hoc and recurring detailed reports and presentation decks
Provide value-added commentary and analysis on market data spend, trends, and key updates to senior stakeholders
Requirements:
Relevant experience in the Capital Markets industry
Familiarity with market intelligence, research, and data from major providers
Exceptional communication skills
Ability to negotiate, influence, and operate as a subject matter expert in a client-facing capacity
Undergraduate degree required
Nice to have:
Familiarity with data providers like S&P
What we offer:
Capital Markets Focus: Work directly within a major financial institution's Capital Markets arm, gaining deep insight into front-to-back office operations
Strategic Impact: Directly contribute to cost savings and optimization goals through contract negotiation and vendor rationalization
Specialized Expertise: Become a Subject Matter Expert (SME) in data entitlements, usage policies, and industry trends, a niche skill set highly valued within the financial industry
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