Description
Position Overview:
The Manager - Inbound Data Management role will report to the Head of CME Data Services Operations Strategy and Governance with the responsibility of working closely with internal consumers of external market data including Clearing House Risk, Global Operations, Products and Services, and Client Development & Sales, to procure third-party data on behalf of CME Group in furtherance of meeting goals and objectives related to product development, risk management, and other business activities. Moreover, this role will be responsible for facilitating the effective and appropriate capture and usage of inbound data from an internal perspective. This role by necessity also involves making lasting relationships with external data vendors ranging from large scale entities (eg. Bloomberg, Refinitiv) as well as broker/dealers (e.g., Tradition, TPICAP). He/she will be tasked with assessing the inbound market data needs and appropriately sizing purchases to enforce expense discipline while meeting the needs of our internal consumers. The candidate for this role will work to understand those needs, and work with vendors to build relationships that will allow for effective negotiation of purchase agreements.
Principal Accountabilities:
- Understand market data usage, redistribution, and licensing principles, including real-time as well as derived data policies and fees. Provide feedback on data contracts based upon this subject matter expertise.
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Build relationships with internal stakeholders to understand current data usage and new dataset requirements, as well as educating internal users on data usage rights. Examine data product usage among internal stakeholders to evaluate cost savings.
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Manage CME Group’s in-bound data budget for existing data contracts and new dataset priorities, working with Procurement liaison on all new and existing contracts. This includes strategic negotiation discussions for contract renewals, assisted and guided by Procurement liaison.
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Establish a clear understanding of CME Group’s data products and the technology that supports them.
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Develop and maintain relationships with third-party data vendors, and facilitate meetings between vendors and internal stakeholders
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Develop and generate reports and analyses for Senior Management based on vendor and subscriber information. This includes conducting simple to moderately complex financial and usage analysis.
Required Skills:
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Desire to work closely with external customers to understand their needs while working with internal stakeholders to understand inbound data needs and requirements
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Displays high intellectual capacity and ability to participate in and contribute to discussions involving complex, changing, and ambiguous environments.
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Communicates and works effectively with diverse groups and individuals - clearly conveys information and ideas and listens and responds appropriately to customer needs, external vendors and individuals throughout the organization including senior and executive management.
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Ability to develop open, considerate, effective, and productive working relationships with external contacts, and individuals throughout the organization.
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Adaptability - responds appropriately and competently to the demands of work challenges when confronted with changes, ambiguity, adversity, and other pressures.
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Highest standards of ethics and personal integrity.
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Must be able to successfully partner with internal and external stakeholders across departments and at various management levels.
Preferred Skills:
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Advanced knowledge of Microsoft Office with emphasis on high degree of proficiency in Excel including the use of financial formulas, data analysis, and pivot table features
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5 Experience and/or understanding of derivatives and cash markets
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5 Experience in Market data industry preferred
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Broad understanding of the data company landscape
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Proficiency in Salesforce, PeopleSoft, or other financial database helpful, especially knowledge of SQL and/or Visual Basic programming
Education:
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Bachelor’s degree in business administration, finance, computer science or engineering. Advanced degree preferred.
CME Group: Where Futures Are Made
CME Group (www.cmegroup.com) is the world's leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career shaping tomorrow. We invest in your success and you own it, all while working alongside a team of leading experts who inspire you in ways big and small. Joining our company gives you the opportunity to make a difference in global financial markets every day, whether you work on our industry-leading technology and risk management services, our benchmark products or in a corporate services area that helps us serve our customers better. With 3,500 employees located around the world, we're small enough for you and your contributions to be known. But big enough for your ideas to make an impact. The pace is dynamic, the work is unlike any other firm in the business, and the possibilities are endless. Problem solvers, difference makers, trailblazers. Those are our people. And we're looking for more.