Job Summary: The Equity Research Market Data Services Associate is responsible for overseeing all aspects of market data vendor relationships, including vendor selection, negotiation, contract management, compliance, and performance monitoring. This role ensures that the organization has access to high-quality market data services while optimizing costs and managing vendor-related risks. 

Key Responsibilities: 

Vendor Selection and Evaluation: 

• Along with equity research Analysts and Associates, identify potential market data vendors and evaluate their offerings to meet the organization's data requirements. 
• Conduct due diligence on prospective vendors, considering factors such as data quality, pricing, reliability, and regulatory compliance. 

Contract Negotiation and Management: 

• Negotiate vendor contracts, pricing agreements, and service level agreements (SLAs). 
• Monitor contract compliance and work with legal and procurement teams to resolve any contractual issues. 

Cost Optimization: 

• Analyze market data usage and costs to identify opportunities for cost reduction or optimization. 
• Negotiate volume discounts and explore alternative data sources when feasible. 

Vendor Relationship Management: 

• Develop and maintain strong working relationships with market data vendors. 
• Serve as the primary point of contact for vendor communications and issue resolution. 

Market Data Compliance: 

• Ensure that the equity research department complies with regulatory requirements related to market data usage, including reporting and licensing. 
• Monitor changes in market data regulations and adjust vendor relationships as needed. 

Data Quality Assurance: 

• Collaborate with internal teams to ensure the accuracy and integrity of market data. 
• Develop processes for data validation and cleansing, if required. 

Risk Management: 

• Identify and mitigate risks associated with market data vendors, such as data outages or 
• contractual disputes. 
• Develop contingency plans to ensure business continuity. 

Market Research: 

• Stay updated on industry trends, new market data sources, and emerging technologies. 

• Provide recommendations for adopting new data sources or technologies to gain a 

  competitive edge. 

Qualifications:

• Bachelor's degree in finance, business, or a related field 
• Experience in market data management, vendor management, or a related role in the financial industry. 
• Good understanding of financial markets, market data providers, and relevant regulations. 
• Excellent negotiation and contract management skills. 
• Analytical mindset with the ability to interpret data usage and cost patterns. 
• Strong communication and interpersonal skills.
• Project management skills for coordinating vendor-related projects. 

Primary Location Full Time Salary Range of $100,000 - $120,000.