What are the responsibilities and job description for the Market Data Analyst position at MDMS Recruiting?
Market Data Analyst
Location: Chicago, IL, Local Candidates only
Full Time
My Direct Client is looking for a Market Data Analyst who can bridge the worlds of trading, technology, and finance. You'll be an integral link between our traders, developers, and financial teams, ensuring we have the right market data to power our trading strategies while managing costs effectively.
As our Market Data Analyst, you'll oversee the company comprehensive market data services sourced from vendors and exchanges. Your responsibilities span procurement and inventory management to budgeting and vendor relations. You'll collaborate with exchanges and internal teams across Technology, Trading, Legal, Accounting, and Procurement to optimize our data infrastructure and ensure compliance with exchange reporting requirements.
The ideal candidate combines strong analytical skills with a solid understanding of financial markets and technology systems, plus the communication skills to work effectively across diverse teams.
What You'll Do
- Manage market data inventory, entitlements, and connectivity within the company market data management system (FITS)
- Maintain vendor contracts, services, and recurring expense records, including contract entry and inventory management
- Partner with Accounting to reconcile market data expenses and accruals with the general ledger, investigate discrepancies, and coordinate resolutions with exchanges and vendors
- Prepare and submit monthly usage reporting to exchanges and third party vendors to ensure licensing compliance
- Provision market data access for employees, including ordering terminals, IDs, and licenses and coordinating delivery with vendors
- Support market data vendor management and procurement activities such as contract renewals, pricing reviews, budgeting, and forecasting
- Research vendor products and exchange changes and help improve internal Vendor Operations processes and workflows
Requirements:
- Bachelor's degree in Business, Finance, MIS, or a related field
- 1-3 years of experience in market data, vendor operations, exchange connectivity, or a related role within a financial services or trading environment
- Interest in financial markets and technology
- Experience with market data inventory/entitlement systems or similar platforms preferred
- Strong analytical skills and advanced proficiency in Excel (e.g., formulas, v-lookups, pivot tables)
- Strong communication, organization, and problem solving skills, with the ability to collaborate effectively across teams
- Highly detail oriented with a proactive approach to identifying inconsistencies and improving data accuracy
Salary : $120,000