Market Data Specialist - Confidential : Job Details

Market Data & Commission Management Analyst

Who We Are

Our client is a global investment management firm with over $200 billion in Assets under

Management spanning across a range of various equity and fixed income investment strategies.

Our Funct ion

The Market Data and Commission Management Analyst supports the Market Data and Research Service (MDS)

procurement, soft dollar commission management and Broker Vote functions. This includes a high degree of

interaction with internal senior management, investment staff and trading, as well as all key 3rd party

relationships (brokers, providers, etc.). This individual will be able to adapt to a changing role in a dynamic

environment as the business requirements demand, including the assumption of cross departmental project

roles and Finance related tasks.

Your Impact

Your responsibilities will include, but are not limited to the following:

? Support the MDS procurement and analysis function in partnership with Prudential MDS

o Support the Firm for all vendor MDS requirements

o Contract analysis, negotiation and administration

o Invoice review and processing, including coding for Accounts Payable

o Support financial accrual and forecasting process

o Responsible for tracking MDS spend versus budget/plan

o Manage key vendor service provider relationships

? Support the Soft Dollar Commission Management (SDCM) function

o Manage the administration of the quarterly Broker Vote (BV)

o Perform Third-Party Soft Dollar and CCA/CSA responsibilities including:

? Instruction of invoice payments

? Management of third party soft dollar budgets

? Working with the Soft Dollar Group to develop methodologies for mixed-use requests

? Provide real-time reporting to trading desks on budgets and commissions

? Support functional areas (Trading, Operations, Compliance, Investor Services, etc.) on

all SDCM requirements

? reporting for front office and governance support groups

? Review and onboarding for new vendors / third party providers

? Annual review of vendor & third party services

? Manage trade reconciliations in partnership with CSA custodial aggregation vendor

(Instinet)

? Responsible for the aggregation, production, and translation of sophisticated reporting related to all

MDS, SDCM, and BV functions

? Provide project management team support on firm initiatives that require MDS and SDCM subject

matter expertise

? Support the fulfillment of client reporting requests 15c, RFP, DDQ, etc.

Your Required Skills

Your required skills must include:

? BA/BS preferably in Accounting, Finance, Economics, Technology or related fields

? Financial Services experience a must, Buy-side preferred

? At least 3+ years relevant experience within Market Data Services, Middle/Back Office, or Commission

Management

? Previous experience interacting with and supporting Trading and/or Senior Investment Professionals is

required

? Understanding of equity trade life cycle is preferred

? Demonstrated ability to analyze, compile and present relevant complex data sets is required

? Experience working with project management function is preferred

? Capable of developing innovative solutions to complex problems with marginal supervision is preferred

? Advanced level of MS Exceland general competency with Word and PowerPoint are required;

? General understanding of MDS products/services is strongly preferred

? General understanding of Soft Dollars, SEC Rule 28e and its application is strongly preferred

• Reports into: VP
• Team only consists of him and 1 other Analyst
• This role is a hybrid of commission + Market Data
• A must have is data market services (contract analysis, invoice experience)
• The team is doing the onboarding, contract negotiations, financials, answering portfolio management questions, updating inventory, accounting, forecasting: they dont need to know everything day 1 but they need to have the desire to learn
• Since it is a hybrid position, they understand it will be hard to find someone to check all the boxes-biggest thing they are looking for is going to come off hard working and willing to learn but need to have strong experience doing 1 or the other
• Soft dollar experience/exposure is a nice to have, NOT a must
• Candidates coming from buy-side firms is preferred but will also look at people from sell-side firms (I would look at buy-side first)
• Excel is very important-this role will be very heavy in Excel and ad-hoc so strong use in both of these is important.
• As far as years of experience, they are more so concerned about having someone who is eager and excited to learn. If they have fewer years of experience, they will be on the lower end of the comp scale
• They are on a hybrid schedule: 3x a week in office (M/F are remote days). They also get a generous amount of opportunity to work from home (week of Xmas + 1st week of January is fully remote)