Lead Market Data Commercial Manager in London

The Lead Market Data Commercial Manager is responsible for both their own commercial relationships and MD contracts and will lead the Commercial Management function of x3 Commercial Managers, ensuring delivery against Procurement scorecards, savings targets, team objectives and governance requirements.

Group Procurement is the centre of excellence for the commercial management of Schroders’ global supply chain, delivering value through effective cost management, supplier governance, and risk control. The Market Data function operates as a specialist capability within Procurement, responsible for the acquisition, management, and governance of third-party data services globally. The team is structured around a Business Partnering model, with Commercial Managers aligned to key business divisions to support stakeholder requirements and deliver optimal commercial outcomes. The Lead Market Data Commercial Manager provides central leadership, coordination, and performance oversight across all Commercial Managers to ensure consistent delivery aligned to Procurement objectives.

What you'll do:

• The Lead role will manage their own pipeline of several strategic Market Data Vendor relationships and associated contractual pipeline, in addition to being team lead to the Market Data Commercial Management Team (approx. x3 direct reports).
• Oversee commercial strategy and vendor alignment approach.
• Contract lifecycle prioritisation, alignment and pipeline management.
• Set standards for stakeholder engagement and Business Partnering delivery.
• Responsible for maintaining Market Data processes, guidelines, and Procurement governance controls.

Key workflows:

• Commercial Management Team Leadership & Contract Pipeline Management: Oversee and coordinate the global contract renewal pipeline for their area, ensuring prioritisation aligned to opportunities i.e. competing landscape, savings, risk, and business objectives.
• Vendor Strategy & Commercial Alignment: Define and implement vendor alignment in-line with business priorities.
• Business Partnering Oversight: Embed Business Partnering standards and expectations across Commercial Managers.
• Supplier Management & Negotiation: Maintain oversight of and management of strategic supplier relationships in their area of responsibility.
• Procurement Performance & Governance: Drive Commercial Team to deliver against savings and cost optimisation targets.
• Financial & Contract Lifecycle Management: Align contract activity to budget targets, forecasts, and financial planning cycles.
• Operational Excellence: Ensure team’s integrity and accuracy of contractual inventory management.
• Innovation & Continuous Improvement: Identify and implement Commercial Management process efficiencies and operational improvements.

Key responsibilities:

• Managerial focus to help develop a high-performing team of Commercial Managers.
• Facilitate and drive the contract renewal pipeline, ensuring delivery against savings, risk, and timeline objectives.
• Work with other Commercial Managers to ensure alignment of vendor strategies across the supplier base.
• Deliver against team saves targets, goals and objectives.
• Establish and enforce Business Partnering standards across the commercial team.
• Provide oversight on negotiation stance and escalations.

Commercial decision-making:

• Align team delivery to budget targets, forecasts, and financial governance requirements.
• Deliver consolidated reporting and performance insights.
• Drive operational excellence, process consistency, and control effectiveness.
• Champion innovation and AI-enabled efficiencies.

The skills, experience and qualifications you will need:

• Strong Commercial experience, team leadership, organisational skills and delivery management across global teams.
• Proven experience managing contract renewal pipelines and commercial delivery against KPIs.
• Expertise in vendor strategy and commercial negotiation.
• Strong focus on and alignment with Procurement scorecards, performance frameworks, and governance controls.
• Deep knowledge of market data products, licensing models, and vendor landscape.
• Strong financial and commercial acumen (budgeting, forecasting, cost optimisation).
• Ability to enforce process adherence and governance standards.
• Experience driving process improvements and operational efficiencies.
• Demonstrated ability to leverage AI tools and automation to enhance delivery.
• Excellent analytical, communication, and decision-making skills.
• High attention to detail with ability to operate in a fast-paced, global environment.
• Good time management and ability to work to tight deadlines.

We recognise potential, whoever you are. Our purpose is to provide excellent investment performance to clients through active management. Diversity of thought facilitated by an inclusive culture will allow us to make better decisions and better achieve our purpose. This is why inclusion and diversity are a strategic priority for us and why we are an equal opportunities employer.