Market Data Specialist (fmd)

Your area of work

As Market Data Specialist for Deutsche Börse Group you support the strategic partner management for external market data working with the eight businesses units (SimCorp ISS STOXX EUREX EEX Deutsche Börse 360T Clearstream Securities Services and Fund Services) across strategic sourcing vendor management vendor negotiation commercial oversight and usage governance.

As part of section Group Data Unit Market Data Management you work directly with the Head of Market Data Management in implementing the external market data strategy including sourcing governance and partner management. Group Data is led by the Groups Chief Data Officer who drives the further buildout of the group-wide data mesh and data governance to improve access to high-quality governed data for decision making AI & automation and commercialization. Data plays a key role in Deutsche Börse Groups digital transformation as foundation for AI and digital business models.

Your responsibilities

• You implement global market data sourcing across real-time delayed historical reference index ratings alternative and derived data. Ownership of market data licensing encompasses especially display non-display redistribution derived data index benchmark enterprise application and AI/model-related usage
• You manage relationships with exchanges data vendors index providers rating agencies brokers platforms and other data suppliers managing internal and external stakeholders up to management level
• You support vendor negotiations renewals commercial reviews contract optimisation audits remediation and dispute resolution and lead the translation of business data requirements into appropriate sourcing licensing and delivery solutions
• You aid the establishment of a global licensing and usage control framework across entities locations systems and business lines which ensures compliance with vendor contracts exchange policies audit requirements regulatory expectations and internal governance standards
• You collaborate with procurement compliance finance technology and business stakeholders to manage licensing commercial and contractual risk developing an understanding of vendor policy changes exchange fee changes regulatory developments technology trends and emerging data usage models
• You track and control external market data spend including budgeting forecasting vendor cost analysis renewal planning and contract rationalisation
• You assist with central and decentral market data administration inventory entitlement reporting and data consuming teams including where these teams have dotted-line reporting

Your profile

• You have completed your university degree in business economics law or social science with excellent results
• You have at least 2 years of market data management experience within a bank asset manager hedge fund trading firm exchange data vendor or financial services institution
• You possess good understanding of market data licensing vendor contracts exchange policies commercial models and consumption types and solid understanding of legal and contractual components including licensing rights audit provisions liability redistribution rights and termination provisions
• You have a basic understanding of market data governance controls usage monitoring entitlement management inventory management and reporting
• You are a strong and committed team player and enjoy collaborating across multiple business lines legal entities countries and jurisdictions displaying a service-oriented mindset
• You have excellent communication and presentation skills a structured approach to problem solving attention to detail and the ability to work under pressure to meet deadlines
• Financial market data licensing certification is a plus (e.g. FISD Data Licensing Specialist Financial Information Associate or equivalent)