Market Data Analyst Job Description

Market Data Analyst Job Description

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Market data analyst provides ad-hoc analysis of large and complex data sets in Excel, interpret results and develop recommendations in PowerPoint.

Market Data Analyst Duties & Responsibilities

To write an effective market data analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included market data analyst job description templates that you can modify and use.

Sample responsibilities for this position include:

Benchmark and measure vendor performance through the creation of performance score cards
Identifying spurious data and correcting these data points
Assist in the production of weekly scorecards, BCC slides distributed to several groups and senior management
Continue to provide leadership on best practices on market data control, logging and audit trail capabilities within proprietary applications Participate in market data architecture forums and planning sessions support to projects (supplying subject matter expertise)
Processes incoming invoices for vendor services for approval and submission to Accounts Payable
Prepares allocations for submission to Corporate Accounting
Monitors expected invoicing reports in MDM system to identify any issues of missing/delayed invoicing from vendors
Generates spend reporting for business unit management on a scheduled basis ad-hoc report requests
Generates monthly reporting for the MISU credit program offered by NYSE/AMEX and OPRA and monitors subsequent invoicing to track credits due
Monitor, track and update pricing and structural changes to services from vendors to maintain MDM system

Market Data Analyst Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Market Data Analyst

List any licenses or certifications required by the position: FISD, FIA, ASQ, PMP, LSS, CSC, CFA

Education for Market Data Analyst

Typically a job would require a certain level of education.

Employers hiring for the market data analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Economics, Business, Graduate, Statistics, Mathematics, Computer Science, Science, Engineering, Education

Skills for Market Data Analyst

Desired skills for market data analyst include:

Excel
Microsoft Excel
Access
Data modeling
Prior coursework
PowerPoint
Work experience
MapInfo
Policies
Practices and systems

Desired experience for market data analyst includes:

Experience with JavaScript, Java, C# and a scripting language
Cross train with the Market Data Procurement Analyst to enhance the support capabilities of the department
Additional Market Data Procurement duties, including, but not limited to, orders for new service or changes to service and maintenance of the user and vendor information within the MDM system, as needed to support the operations of the department
3 to 5 years in Financial Services industry, Accounting and Managment Systems
Can begin working full-time in February 2015, July 2015 or October 2015
1-3 years in Accounting is a must

Market Data Analyst Examples

1

Market Data Analyst Job Description

Job Description Example
Our company is looking for a market data analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for market data analyst
  • Ownership of the Soft Dollar Commission Management (SDCM) function
  • Ownership of the administration of the quarterly Broker Vote (BV)
  • Instructing of invoice payments
  • Managing of third party soft dollar budgets
  • Liaising with fellow Soft Dollar Committee to develop methodologies for ’mixed-use’ requests
  • Providing real-time reporting to trading desks on commissions paid
  • Supporting Trading, Operations, and Compliance on all SDCM requirements
  • Providing reporting for front office and governance support groups
  • Reviewing and onboarding for new vendors/third party providers
  • Annual review of vendor & third party services
Qualifications for market data analyst
  • Hands on experience with any enterprise RDBMS (MS SQL-Server, Oracle, Sybase)
  • Additional knowledge in information technology or statistical analysis or computer programming
  • Fluency in more than one language a plus
  • Managing broker equity trade reconciliations and validation processes
  • Managing key vendor, research, broker and CCA/CSA relationships
  • Supporting the Firm on all MDS requirements
2

Market Data Analyst Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of market data analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for market data analyst
  • Proven Market Data commercial and contractual knowledge, strong understanding of Market Data vendors and their policies
  • Supporting MDS contract analysis, negotiation and administration
  • Providing project management team support on firm initiatives that require MDS and SDCM
  • Continuously evaluating IT/MDS Accounting Process/Workflow and pricing strategies to ensure adherence to budgets and organization goals
  • User administration of market data systems
  • Inventory management of users/services of market data products in the FITS inventory system
  • User administration of Telco procurement
  • Downtown office, 165 Broadway
  • Understands user requirements for contract renewals, and user requests for new services
  • Work with various reporting systems including Google Analytics to aggregate performance data to identify trends and create benchmarks
Qualifications for market data analyst
  • Broad knowledge of market data content including all asset types (Equity, FI, derivatives, ) and content types (real time pricing, news, fundamental & reference data, terminal products)
  • Previous experience in a market data environment required with a high level understanding of data feed technology (Wombat/NYSE Tech, RMDS, etc), distribution mechanisms (TIB, RMDS, Solace, etc) and control mechanisms (DACS, DART
  • Risk Market Data and/or Market Risk knowledge (preferred)
  • Enhancements requests
  • Can join us full-time on April 4, 2016
  • This class will start on 27th July 2015, candidates must be able to start work prior to or by 27th July
3

Market Data Analyst Job Description

Job Description Example
Our growing company is hiring for a market data analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for market data analyst
  • Gain hands-on exposure to our systems, processes, clients and the financial markets in general
  • Discover how we maintain the standards of accuracy and timeliness for which our data is famous
  • Learn how we assist our clients with data-related queries
  • Carry-out interesting, hands-on tasks and projects which directly impact our systems and clients
  • Experience in a similar role from within an Investment Banking Market Data team
  • Experience of Market Data inventory systems FITS
  • Strong reconciliation knowledge, with the ability to manage large datasets
  • Excellent negotiation and administration skills
  • Ability to build strong relationships and communicate with key internal and external stakeholders
  • Ability to work as a team player and cooperatively drive desired outcomes
Qualifications for market data analyst
  • Understand the risk methodologies incorporated in the Enterprise Risk Capital (ERC) model, across FX, Interest Rate, Equity and Credit products, with detailed understanding of model behaviors and capital drivers
  • Understand the data employed by each risk methodology and ensure its suitability for use
  • Must have working understanding of exchange specifications and modeling of real-time market data and events
  • Can work between June 20, 2016 to August 12, 2016, total 8 weeks
  • Can join us full-time on/before July 11, 2016
  • Conceptual understanding of Market Risk
4

Market Data Analyst Job Description

Job Description Example
Our company is growing rapidly and is hiring for a market data analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for market data analyst
  • Understand, interpret and define business requirements
  • Interact with stakeholders, operations and technology teams
  • Understand what can and can't be done with data and products
  • Match best product to user needs
  • Evaluate vendor and product offerings
  • Understand compliance
  • Define reporting requirements for business units
  • Deliver and implement solutions (in conjunction with business and technology)
  • 5 years plus of relevant financial services experience, preferable capital markets
  • Demonstrable knowledge of market and reference data
Qualifications for market data analyst
  • Bachelor of Science, with advanced knowledge of statistic’s and market research methodologies and analysis)
  • Minimum of 2-5 years of experience performing data analytics within marketing research, digital analytics or similar capacity
  • Support and build on strategic relationships with external suppliers and internal business clients
  • Assist with annual business budget planning and analysis
  • Work with the MDS team to ensure all aspects of the Global Governance Procedures for MDS and Benchmark data providers is followed by business partners and IT
  • Maintain MDS Global Inventory System including Contract Database and work with MDS vendors and budget holders on contract control and maintenance
5

Market Data Analyst Job Description

Job Description Example
Our company is searching for experienced candidates for the position of market data analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for market data analyst
  • Understanding of vendor products such as Thomson Reuters, Bloomberg, Factset
  • Strong commercial and negotiation experience
  • Ability to communicate at all business levels
  • Updating and maintaining inventory of products by liaising with Vendor, Sourcing, Analysts, Finance, and Admin groups to manage, coordinate, and execute global service and user level changes
  • Management of inventory team monthly activity queue including tracking of periodic price change transactions triggered by market data contract renewals ad-hoc client requests
  • Execution of end-of-month closure procedure focusing on validation of user inventory and charges in accordance with pricing rules
  • Creation and management of standard inventory reporting for business unit management and users
  • Maintenance and creation of documentation
  • Building and streamlining workflow process
  • Resolving client inquiries related to inventory data quality, statistics, and traceability of market data charges
Qualifications for market data analyst
  • Excellent knowledge of vendor invoicing and business principles
  • A sound understanding of market data administration in particular the use of inventory tools such as FITS
  • An awareness of project methodology discipline
  • Maintain up-to-date knowledge of the market data industry relevant to the services being provided or proposed
  • Must be educated to degree level or of graduate calibre and able to demonstrate literacy and numeracy
  • Professional education in areas such as Securities Institute, IAMR for Investment industry knowledge is highly desirable

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