At a Glance
- Tasks: Ensure compliance with market data policies and manage vendor relationships.
- Company: Join a leading global bank with a focus on innovation and collaboration.
- Benefits: Competitive salary, bonuses, flexible benefits, and world-class training.
- Other info: Dynamic team environment with opportunities for professional growth.
- Why this job: Make a real impact in the fast-paced world of capital markets.
- Qualifications: Bachelor's degree or equivalent experience in finance or business.
The predicted salary is between 56700 - 69300 £ per year.
The Global Market Data Services team consists of three sub-groups (MDS Administration, MDS Solutions and MDS Compliance) who engage, strategise and support enterprise-wide businesses and stakeholders. This role in the MDS Compliance team is responsible for ensuring that the organisation's use of real-time market data complies with vendor licensing agreements, exchange policies, and internal governance frameworks. This role focuses on risk identification and mitigation, audit readiness, policy enforcement, and controls around how market data is consumed across applications, platforms, and user populations. The role is non-technical and operates at the intersection of compliance, vendor management, and business stakeholder engagement. The specialist will communicate market data policy changes and requirements to business stakeholders. Responsibilities also include sourcing, contract managing, and optimising real-time exchange market data for the firm, understanding market data distribution architectures and infrastructures, and participating in or leading market data audits both internally and externally driven. The specialist will partner with Market Data business and technology professionals to ensure proprietary applications have appropriate control and reporting mechanisms and that usage policies are adhered to.
What will you do?
- Provide oversight on best practices of market data access control, monthly reporting requirements and audit trail capabilities within proprietary applications
- Participate in market data architecture forums and planning sessions to support projects (supplying subject matter expertise)
- Work closely with Market Data Technology teams on new implementations, ensuring compliance requirements are built in from the start
- Participate in exchange and supplier data use audits
- Maintain and prepare third-party provided exchange exhibits/agreements, application use questionnaires and network diagrams
- Communicate exchange announcement, vendor policies, and regulatory requirements for stakeholders under tight deadlines to ensure understanding of reporting obligations, policy changes, and pricing impacts.
- Maintain awareness of third-party market data licensing policies (unit of count, netting, MISU, etc.)
- Participate in industry working groups to lobby for consistent policies across data provider community
- Analyse and maintain communication of vendor data changes impacting users and applications
- Collaborate with business lines and technology partners to drive cost efficiency and optimisation strategies for Real-time data while maintaining compliance integrity
- Guide junior team members in developing expertise across market data compliance methodologies and regulatory frameworks for North American, European, and Asian exchanges.
What do you need to succeed?
- Must-have
- Bachelor's degree in finance, business, economics, or a related field; Or equivalent work experience in market data commercials or technology
- Client Focus, strategic agility, priority setting, analytical thinking, aptitude for setting realistic expectations, integrity and trust
- Strong interpersonal skills and communication skills
- Ability to adapt to a changing environment
- Advanced knowledge in Excel
- Critical thinking with exceptional attention to detail, especially in fast-paced, high-risk environments
- Subject matter expertise with low latency and consolidated feed market data suppliers (E.g.: Bloomberg, Refinitiv, etc.), distribution mechanisms and control systems (DACS, EMRS)
- Deep knowledge in with major exchanges (NYSE, NASDAQ, LSE, TMX, etc.) including: completing Exhibit A or other exchange/third party documentation unit of count concepts and other exchange/third party contractual and reporting terminology
- Deep knowledge communicating exchange policies and addressing compliance gaps
- Knowledge of exchange direct feeds and understanding of network connectivity (TCP/IP, Unicast and Multicast protocol)
- Nice-to-have
- Previous experience in Capital Markets an asset
What is in it for you?
- A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation
- Leaders who support your development through coaching and managing opportunities
- Opportunities to work with the best in the field
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- A world-class training program in financial services.
Job Skills: Active Learning, Adaptability, Business Appraisals, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Process Improvements
Market Data Governance Specialist, Capital Markets (London) employer: RBC
RBC is an exceptional employer, offering a dynamic and collaborative work environment in the heart of London. With a strong focus on employee development, our comprehensive Total Rewards Program includes competitive compensation, flexible benefits, and world-class training opportunities in financial services. Join us to make a meaningful impact while thriving in a culture that values integrity, respect, and excellence.
StudySmarter Expert Advice🤫
We think this is how you could land Market Data Governance Specialist, Capital Markets (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.
✨Connect on Professional Platforms
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 RBC. 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 Governance Specialist, Capital Markets (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 RBC.
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 RBC'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 RBC
✨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 RBC.
✨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 RBC 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 RBC 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.
