At a Glance
- Tasks: Manage market data sourcing and negotiate contracts with top suppliers like Bloomberg and S&P.
- Company: Deutsche Bank, a leading global financial institution with a commitment to diversity.
- Benefits: Hybrid working, competitive salary, 30 days holiday, and private healthcare for you and your family.
- Other info: Opportunities for training, development, and volunteering leave.
- Why this job: Join a dynamic team and make an impact in the financial services sector.
- Qualifications: Extensive market data experience and strong negotiation skills required.
The predicted salary is between 60750 - 74250 £ per year.
As a Senior Market Data Sourcing Manager within the COO Global Procurement team, you will partner with business stakeholders across Deutsche Bank to support critical market data licensing requirements, including indices, financial data, ratings research and regulatory services from suppliers such as LSEG, Bloomberg, Moody’s, S&P and FactSet.
You will help deliver strong vendor management outcomes through skilled negotiation, cost discipline and market data product expertise, working closely with colleagues across Market Data, Legal, Risk and Technology.
What we’ll offer you
- Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them.
- Competitive salary and non-contributory pension.
- 30 days’ holiday plus bank holidays, with the option to purchase additional days.
- Life Assurance and Private Healthcare for you and your family.
- A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits.
- The opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per year.
Your key responsibilities
- Support the commercial and contractual aspects of Market Data sourcing, including new deals and renewals, for assigned suppliers and services.
- Build strong relationships with Deutsche Bank business stakeholders, Market Data teams and Procurement colleagues to support category objectives and deliver cost optimisation.
- Apply business usage requirements, regulatory obligations, Legal guidance and Risk controls to assigned contracts.
- Deliver negotiated cost reductions and cost avoidances, while identifying cancellation, rationalisation or displacement opportunities with business stakeholders.
- Develop market data product expertise to support quality sourcing outcomes, post-deal system updates and stakeholder communications.
- Uplift existing vendor contracts where additional regulatory terms are required, including DORA, ESG and related obligations.
Your skills and experience
- Extensive Market Data experience, within a banking or financial services environment.
- In-depth knowledge of the financial sector, key market data suppliers, and the services they provide across multi-asset markets, including Bloomberg, LSEG, S&P, Factset, Moodys and MSCI.
- Strong understanding of market data commercial and licensing models, including usage-based licensing, intellectual property licensing, enterprise agreements and application-based use.
- Working knowledge of Calero MDSL or an equivalent Market Data inventory platform, including reporting, contract updates, service and user structures, and renewal due diligence.
- Understanding of key service areas within MDS such as KYC/AFC business products and use cases, with the ability to challenge requests and assess budget and index licensing and how data and index intellectual property support business strategies.
- Experience negotiating contracts that deliver favourable commercial terms, supporting budgets, cost-saving proposals and senior management presentations that articulate Market Data opportunities and product strategies.
How we’ll support you
- Training and development to help you excel in your career.
- Coaching and support from experts in your team.
We value diversity and as an equal opportunities’ employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards).
About us Deutsche Bank is the leading German bank with strong European roots and a global network. Deutsche Bank in the UK is proud to be named in The Times Top 50 Employers for Gender Equality and has been awarded a Gold Award from Stonewall and named in their Top 100 Employers.
If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge on adjustmentsconcierge@db.com to discuss.
We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively. Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group. We welcome applications from all people and promote a positive, fair and inclusive work environment.
Market Data Services Sourcing Manager in London employer: Deutsche Bank
Deutsche Bank is an excellent employer, offering a dynamic work culture that fosters innovation and collaboration in the heart of London. With a strong focus on employee growth, the company provides extensive training opportunities and a hybrid working model that promotes work-life balance, alongside competitive salaries and flexible benefits such as a non-contributory pension and generous holiday leave.
StudySmarter Expert Advice🤫
We think this is how you could land Market Data Services Sourcing Manager in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Deutsche Bank. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Market Data Services Sourcing Manager in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Deutsche Bank.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Deutsche Bank's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Deutsche Bank
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Deutsche Bank.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Deutsche Bank will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Deutsche Bank employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
