Associate, MDS Solutions
Associate, MDS Solutions
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Job Description
Job Description
What is the opportunity
The global Market Data Services team consists of three sub-groups (MDS Administration MDS Solutions and MDS Compliance) who engage strategize and support enterprise-wide businesses and stakeholders.
This role in the MDS Solutions team is responsible for the sourcing contract managing and optimizing of market data for the firm. You will engage strategize and support enterprise-wide businesses and stakeholders; and partner with technology and operations professionals providing expertise on market data service options sources and suppliers. Your responsibilities span across technical and strategic functions especially when it comes to risk mitigation compliance and analytics.
What will you do
Contract Management
Timely manage market data related contracts and negotiate optimal terms and fees increasing savings and cost avoidance goals.
Business Support
Provide market data solutions to all levels of business ranging from front office to back office.
Act as a subject matter expert on data entitlements usage policies vendor guidelines and industry standards
Drive cost optimization initiatives through vendor rationalization contract restructuring and usage audits.
Supplier Management/Vendor Engagement
Manage market data supplier relationships & partnerships
Engage with market data suppliers on a regular basis to review market data requirements issues changes updates etc.
Coordinate meetings and/or be an escalation point for market data suppliers
Ensure all market data suppliers adhere to RBC supplier management standards and business continuity requirements; also ensuring all documents and related internal systems are updated accordingly; can involve working with various internal groups (i.e. Legal Finance Functions etc.)
Product Research/Industry Intelligence
Seek out market data sources and solutions for RBC business requirements.
Research industry trends and provide guidance on alternative services or changes impacting market data.
Participate in industry forums and working groups.
Evaluate and review new market data products providing recommendations on services or strategies for RBC Enterprise
Analytics/Reporting
Produce ad-hoc and re-curing detailed reports and/or presentation decks with valued added commentary and analysis on market data spend trends and key updates.
What you need to succeed
Must Have:
Understanding of market data types: Real-time reference pricing index alternative data ESG etc
Familiarity with market data vendors: Bloomberg Refinitiv ICE S&P Moodys etc
Procurement process knowledge: Familiarity with vendor selection and internal approval workflows
Data strategy development skills: Align data acquisition with business needs and strategic goals
Strong verbal and written communications skills
Attention to detail
Problem solving capabilities: Demonstrate ownership and critical thinking resulting in practical solutions
Business partnering capabilities: Work closely with front office risk compliance technology and legal teams
Vendor relationship management skills: Handle escalations regular business reviews and joint planning sessions; manage multiple vendor relationships simultaneously
Strategic contract negotiation skills: Ability to negotiate pricing terms and termination clauses
BA degree or 5 years of experience in a relevant field
Previous financial institution or equivalent vendor-side experience
Nice to have:
Extensive knowledge of market data vendors and products (i.e. Bloomberg Refinitiv ICE S&P Moodys etc.)
Proficiency with inventory management tools: Proficiency in platforms like MDSL/Calero TRG FITS or internal tooling.
Ability to optimize initiatives: Rationalize inventory and reduce redundancy
Experience with licensing & usage rights: Awareness of data entitlements and distribution rules
Experience working for a major financial institution or large buy/sell-side firm
Proficient in reporting & analysis: Track spend usage and contracts; produce dashboards and executive level summaries
High level understanding of BI tools (Tableau QlikView etc.)
Whats in it for you
We thrive on the challenge to be our best progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other reaching our potential making a difference to our communities and achieving success that is mutual.
A comprehensive Total Rewards Program include competitive compensation and flexible benefits such as 401(k) program with company-matching contributions health dental vision life disability insurance and paid-time off.
Leaders who support your development through coaching and managing opportunities.
Ability to make a difference and lasting impact.
Work in a dynamic collaborative progressive and high-performing team.
Opportunities to do challenging work.
Opportunities to build close relationships with clients.
Job Skills
Critical Thinking Data Administration Data Mining Data Modeling Data Movement Detail-Oriented Group Problem Solving Quantitative Research Research DocumentsAdditional Job Details
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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At RBC we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best effectively collaborate drive innovation and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect belonging and opportunity for all.
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Required Experience:
IC
Employment Type
Full-Time
