Analyst, Market Data Services (Contract) - Toronto, ON
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Key skills for this role
About the Role
Scotiabank's Global Banking and Markets division is hiring an Analyst for Market Data Services on a contract basis. You will manage vendor relationships, contract lifecycles, and expense approvals for market data.
Key Skills for This Role
Responsibilities
- Assist in managing third party vendor relationships in the category of Market Data
- Manage timely execution of new engagements and existing contract renewals
- Coordinate expense approval process within established guidelines
- Maintain effective relationships with internal partners and external vendors
- Monitor vendor spend and identify opportunities for cost savings
- Understand contractual terms and conditions and their commercial implications
- Monitor account usage to ensure compliance with license terms
- Facilitate risk mitigation by implementing key controls and resolving issues
Requirements
- 2+ years working in Capital Markets and/or Market Data industry would be an asset
- Experience in procurement & contract negotiation, specific knowledge of market data contracts would be an asset
- Ability to work in a fast paced environment with constant changing conditions
- Highly organized with ability to manage multiple ongoing projects
- Strong relationship building skills
- Excellent written and verbal communication skills
- Ability to develop actionable recommendations and implementation plans
- Experience with negotiations and influencing decisions
- Excellent teamwork skills
- Self starter and independent worker
- Technically adept with attention to detail
Full Job Posting
Purpose
- Market Data Services is responsible for maintaining relationships with third party data vendors and internal partners.
- Ensure business and technology strategies are met cost effectively while mitigating regulatory, financial, and reputational risks.
- Assist in managing a portfolio of existing contracts and new market data requests through all stages of the contract lifecycle.
What You’ll Do
- Assist in managing third party vendor relationships in the category of Market Data (financial news/research, analytics, data and technology).
- Manage timely execution of new engagements and existing contract renewals, working alongside internal business partners and external third party vendors.
- Coordinate expense approval process within the framework and guidelines established for each business line.
- Maintain effective relationships with internal Scotia partners (Legal, Sourcing, Risk, Technology, etc) and external vendors.
- Monitor vendor spend while identifying opportunities for cost savings/avoidances, improving cost effectiveness and managing budgets/forecasts.
- Understand contractual terms and conditions, and their commercial implications to the business.
- Develop and retain in depth knowledge by attending training sessions with various vendors.
- Monitor account usage to ensure compliance with license terms.
- Facilitate risk mitigation by participating in implementing key controls and resolving risk/compliance/invoicing issues.
- Provide input and review contract changes, prepare business impact assessment and recommendations.
- Execute defined strategies to reduce costs, manage demand and improve internal controls.
- Participate fully as a team member and contribute to a positive work environment.
What You’ll Bring
- 2+ years working in Capital Markets and/or Market Data industry would be an asset.
- Experience in procurement & contract negotiation, specific knowledge of market data contracts would be an asset.
- Ability to successfully work in a fast paced environment with constant changing conditions.
- Highly organized with the ability to manage multiple ongoing projects at various stages.
- Must have strong relationship building skills and exposure to working with internal and external business partners.
- Must have the ability to communicate in both technical and business terms.
- Excellent written and verbal communication skills.
- Ability to develop actionable recommendations and implementation plans.
- Experience with negotiations and influencing decisions.
- Excellent teamwork skills.
- Self starter and independent worker.
- Technically adept with attention to detail.
Work Arrangement
- This position is currently a Hybrid role, with the expectation that you will work up to 4 days a week in the office.
- Please note that this is subject to change based on the needs of the business.
What's in it for you?
- Scotiabank offers flexible benefit programs to support holistic well being.
- Focus on family, financial, physical, mental, and social health needs.
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