Selby Jennings
Director, Market Data | Front Office
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Director – Market Data Leader A leading global investment bank seekst to hire a senior Director-level Market Data Leader for our central front-office function. This high-visibility role owns vendor strategy, commercial negotiations, and stakeholder engagement across the organisation, ensuring optimal market data sourcing, governance, and cost efficiency for cross-asset trading, quant, and technology teams.
Role Overview
The ideal candidate will:
- Own a portfolio of key market data vendors and ensure aligned business outcomes across critical product categories.
- Lead high-stakes commercial negotiations for major providers (e.g., Bloomberg, LSEG, exchanges).
- Serve as the primary point of contact for vendor relationships and contractual negotiations.
- Partner closely with trading, quant, and technology teams to assess demand and shape data solutions.
- Translate business needs into strategic vendor strategy, sourcing, and cost enforcement while balancing performance, risk, and spend governance.
- Drive cost optimisation, vendor rationalisation, and global spend control.
- Contribute to broader market data strategy, operating models, and risk forums.
Responsibilities
- Define high-level market data vendor strategy, ensuring alignment with trading/quant/tracking needs across equities, fixed income, derivatives, and commoditites.
- Direct multi-million-dollar vendor negotiations, leveraging expertise in contract terms, usage rights, and commercial tradeoffs.
- Work alongside data science, quant risk, and technology teams to resolve data utilised for quantitative workflows.
- Own change control processes, vendor scope reviews, and escalations for cross-functional dependencies.
- Oversee global market data spending, conducting risk and efficiency audits and advocating cost-neutral improvements.
- Evaluate emerging FLASH trading/pricing data providers, ensuring adoption of must-have feeds and tools across desks.
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Key Requirements
Experience
- Proven 10+ years in market data, vendor management, or financial data procurement, ideally in an investment banking or hedge fund setting.
- Direct track record leading complex, high-value vendor negotiations within capital markets.
- Hands-on experience managing multi-billion-dollar vendor contracts, cross-asset distribution models, and redistribution licence obligations.
- Understanding of data compliance, including audit risk, usage rights, and exchange policies.
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Technical & Commercial Acumen
- Market Data Licensing & Usage Rights: Deep knowledge of Bloomberg, Refinitiv/LSEG, Nasdaq, CME, Sistema de Interconexión Bursátil (SIBEE), and commodity exchanges legal obligations.
- Data Governance: Understanding of how vendors to EXECUTION SYSTEMS, GDPs, and vendor managed HOUR software.
- analytics environments align with trading demands (e.g. pricing, risk, market coverage).
- Commercial awareness that balances business needs with cost discipline, avoiding unnecessary overlap with vendor assistants.
Why This Role?
Suitable for experienced industry leaders who:
- Have strong vendor negotiation credentials, ideally from consulting, sell-side data provision, or buy-side leadership.
- Bring hands-on technical subject-matter expertise in pricing mechanism optimisation, trading feedback, and vendor innovations.
- Enjoy high-level shadowing and influencing, negotiation environments, analyzing P&L and WORK, therefore fulfilling a system requirement.
If this excites you, let’s connect! Apply today.
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