Senior Market Data Associate
Job Summary
As a Senior Associate within the MDS Compliance arm, you will act as a critical bridge between business stakeholders, technology teams, and data providers to ensure compliance. You will interpret market data policy changes, source and optimize real-time exchange data, and manage end-to-end compliance within a global financial institution. The role also involves overseeing market data distribution architectures, leading high-stakes audits, and mentoring junior team members in a capital markets environment.
Responsibilities
- Manage market data compliance and audits
- Communicate vendor policies and reporting requirements
- Collaborate on data architecture and cost optimization
- Guide and mentor junior team members
Required Skills
- Bachelor’s degree or 5+ years experience
- Market data licensing and exchange policy knowledge
- Expertise in DACS/EMRS and data distribution
- Advanced Excel and analytical skills
- Capital markets background
Job Details
Responsibilities:
- 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.
- Analyze and maintain communication of vendor data changes impacting users and applications.
- Collaborate with business lines and technology partners to drive cost efficiency and optimization 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.
Qualifications:
- Bachelor's degree in finance, business, economics, or a related field; Or equivalent 5 years 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).
- Previous experience in Capital Markets an asset.