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- Tasks: Source and negotiate market data from vendors to support business decisions.
- Company: Join a dynamic Market Data team in London, driving strategic data procurement.
- Benefits: Enjoy competitive pay, flexible working options, and a collaborative culture.
- Why this job: Be part of a crucial role that influences business success and market insights.
- Qualifications: Bachelor’s degree in Finance or Business; experience in market data procurement preferred.
- Other info: Ideal for detail-oriented individuals with strong negotiation skills and an analytical mindset.
The predicted salary is between 43200 - 72000 £ per year.
We are seeking a detail-oriented and strategic Market Data Procurement Manager to join our Market Data team in London. The ideal candidate will be responsible for sourcing, negotiating, and purchasing market data from various vendors to support our business operations and decision-making processes.
Key Responsibilities:
- Identify and evaluate market data vendors to meet the organization’s needs.
- Negotiate contracts and pricing with data providers to ensure cost-effective purchasing.
- Collaborate with internal teams to understand data requirements and usage.
- Monitor market trends and data quality to ensure compliance and relevance.
- Maintain relationships with vendors and manage ongoing data subscriptions.
- Analyze and report on data usage and performance metrics.
Qualifications:
- Bachelor’s degree in Finance, Business, or a related field.
- Proven experience in market data procurement or a similar role.
- Strong negotiation and communication skills.
- Familiarity with financial markets and data sources.
- Analytical mindset with attention to detail.
Market Data Procurement Manager employer: Procurement Jobs
Contact Detail:
Procurement Jobs Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Market Data Procurement Manager
✨Tip Number 1
Familiarise yourself with the key market data vendors in the industry. Understanding their offerings and how they align with our needs will give you an edge during interviews and discussions.
✨Tip Number 2
Brush up on your negotiation skills. Since a significant part of the role involves negotiating contracts, being able to demonstrate your ability to secure favourable terms will be crucial.
✨Tip Number 3
Stay updated on current trends in market data procurement. Being knowledgeable about the latest developments will show your commitment to the field and help you engage in meaningful conversations with our team.
✨Tip Number 4
Network with professionals in the market data space. Building relationships can provide insights into best practices and may even lead to referrals, increasing your chances of landing the job with us.
We think you need these skills to ace Market Data Procurement Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in market data procurement. Emphasise your negotiation skills and any previous roles that involved vendor management or data analysis.
Craft a Compelling Cover Letter: In your cover letter, explain why you are interested in the Market Data Procurement Manager position. Mention specific examples of how your skills align with the responsibilities outlined in the job description.
Showcase Analytical Skills: Since the role requires an analytical mindset, include examples in your application that demonstrate your ability to analyse data usage and performance metrics effectively.
Highlight Industry Knowledge: Mention your familiarity with financial markets and data sources in your application. This will show that you understand the context of the role and can hit the ground running.
How to prepare for a job interview at Procurement Jobs
✨Research the Market Data Landscape
Before your interview, make sure to familiarise yourself with the current market data vendors and trends. Understanding the competitive landscape will not only help you answer questions more effectively but also demonstrate your proactive approach to the role.
✨Prepare for Negotiation Scenarios
Since negotiation is a key part of the job, be ready to discuss your past experiences in negotiating contracts. Prepare specific examples that highlight your skills and strategies, and think about how you would approach negotiations with different types of vendors.
✨Showcase Your Analytical Skills
Be prepared to discuss how you analyse data usage and performance metrics. Bring examples of how your analytical mindset has led to improved decision-making or cost savings in previous roles, as this will resonate well with the interviewers.
✨Demonstrate Strong Communication Skills
Effective communication is crucial in this role, especially when collaborating with internal teams and managing vendor relationships. Practice articulating your thoughts clearly and concisely, and be ready to provide examples of how you've successfully communicated complex information in the past.
