At a Glance
- Tasks: Support market data contract negotiations and manage supplier relationships.
- Company: Join LGT Wealth Management, a growing leader in wealth management.
- Benefits: Gain valuable experience in a dynamic environment with career growth opportunities.
- Other info: Be part of a collaborative team focused on efficiency and cost savings.
- Why this job: Make an impact in a new function while developing your skills in procurement.
- Qualifications: Experience in market data and strong communication skills are essential.
The predicted salary is between 40000 - 50000 £ per year.
LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT. Our aim is to offer a fresh approach to wealth management. We have a presence in London, Edinburgh, Jersey, Leeds, Birmingham, Bristol, and Manchester. Our mission is to create long-term value for all stakeholders, and our culture encourages individuals to generate, develop, and implement ideas which will strengthen our business. Our core values are belonging, respect, integrity, conviction, and entrepreneurship.
The Procurement and Supplier Oversight team is responsible for sourcing, onboarding, and managing key Supplier relationships. This is a relatively new function for the business, and we are still in a growth and development phase. The team oversees and supports each stage of the procurement process including Due Diligence, TPRM, and Supplier Management.
Brief Role Objective: We are looking for an experienced Market Data Analyst to join the team and help support in building a function that brings efficiency, cost savings, and essential governance to our business. The role holder would need to demonstrate strong experience of working with Market Data Suppliers, understanding market data and the contractual agreements surrounding this vendor type. The role holder would be expected to effectively work with the market data procurement function in Group, supporting in contract negotiations and identifying duplication and streamlining its use in the UK business. The role holder would also be expected to support in the day-to-day oversight tasks of the UK procurement and supplier oversight team.
Effective stakeholder management is a must for this team, so strong communication and prioritisation skills are essential. Issue management is also a key skillset within the team, and the role holder needs to be confident and effective in dealing with a variety of issues that can arise from working with suppliers, ensuring communication and clear expectations are set throughout and issues are effectively closed down. The right candidate will be comfortable in picking things up they don’t always understand and working out how to problem solve it effectively.
This is an excellent opportunity to help develop a growing area of the business, and due to the structure of the team, there is plenty to learn.
Key Responsibilities:
- Support commercial Market Data contract negotiations
- Work with Group colleagues to analyse market data usage and manage the services with the suppliers
- Manage supplier related issues
- Support in the oversight monitoring of the wider business
- Administer Contracts on Agiloft and risk assessments
- Support in identifying opportunities for cost savings across the business
- Help embed a TPRM framework into the business
Requirements
Key Skills, Experience, and Competency Requirements:
Essential:
- Extensive Market data experience in a regulated environment
- Highly Effective in issue management
- Proven track record of successful commercial negotiations
- Excellent communication skills
- Analytical and problem-solving abilities, with attention to detail
- Risk focused approach to working with suppliers
- Ability to effectively prioritise tasks and manage expectations
- Sound regulatory knowledge
Desired:
- Due diligence experience
We are looking forward to receiving your online application. For any further information please do not hesitate to contact us.
Market Data Analyst - 12 month FTC in London employer: LGT Bank
LGT Wealth Management UK LLP is an exceptional employer that prioritises employee growth and development within a collaborative and innovative work culture. With a commitment to transparency and integrity, we offer our staff the opportunity to contribute to a rapidly growing function in procurement and supplier oversight, while enjoying competitive benefits and a supportive environment that values their ideas and contributions.
StudySmarter Expert Advice🤫
We think this is how you could land Market Data Analyst - 12 month FTC in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work at LGT Wealth Management or similar firms. A friendly chat can open doors and give you insights that might just help you land that Market Data Analyst role.
✨Tip Number 2
Prepare for interviews by brushing up on your market data knowledge and contract negotiation skills. We recommend practising common interview questions and scenarios related to supplier management and issue resolution to show you're ready for the challenge.
✨Tip Number 3
Showcase your problem-solving abilities! During interviews, share specific examples of how you've tackled issues with suppliers or improved processes. This will demonstrate your analytical skills and fit for the role.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining our team at LGT Wealth Management.
We think you need these skills to ace Market Data Analyst - 12 month FTC in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Market Data Analyst role. Highlight your experience with market data suppliers and any relevant contractual negotiations you've been involved in. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a great fit. Don’t forget to mention our core values and how you embody them.
Showcase Your Communication Skills:Since effective stakeholder management is key, make sure to demonstrate your communication skills in your application. Whether it's through examples in your CV or your cover letter, we want to see how you handle issues and manage expectations.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at LGT Bank
✨Know Your Market Data
Make sure you brush up on your knowledge of market data suppliers and the contracts that come with them. Familiarise yourself with common terms and conditions, as well as any recent trends in the industry. This will show that you're not just interested in the role but also understand the nuances of the market.
✨Showcase Your Communication Skills
Since effective stakeholder management is key for this position, prepare examples of how you've successfully communicated with various stakeholders in the past. Think about times when you had to manage expectations or resolve issues, and be ready to discuss these experiences during the interview.
✨Demonstrate Problem-Solving Abilities
Be prepared to discuss specific challenges you've faced in previous roles, especially those related to issue management. Highlight your analytical skills and how you approached problem-solving, particularly in a regulated environment. This will help illustrate your capability to handle the complexities of the role.
✨Research LGT Wealth Management
Take some time to learn about LGT Wealth Management's values and mission. Understanding their approach to wealth management and their emphasis on client-first service will allow you to align your answers with their culture, making you a more appealing candidate.
