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Market Data and Brokerage Vendor Specialist

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Wealthsimple

16d ago

  • Job
    Full-time
    Senior Level
  • Banking & Finance
  • Toronto
    Remote
  • Quick Apply

AI generated summary

  • You must have expertise in vendor management, contract negotiation, budgeting, compliance, data analytics, project execution, and be familiar with market data platforms and tools. Strong communication and problem-solving skills are essential.
  • You will manage vendor relationships, oversee contracts and budgets, ensure compliance, improve processes, and support operational needs across market data and brokerage vendors.

Requirements

  • - Expertise in managing relationships specifically with market data vendors, including exchanges, data distributors, and research providers
  • - Strong ability to negotiate contracts with market data vendors and exchanges, understand key terms, and manage renewals to ensure favorable terms and compliance
  • - Proficiency in budgeting and financial management specific to market data services, including invoice management and financial forecasting
  • - Deep understanding of exchange agreements, reporting requirements, and regulatory landscapes to ensure full compliance with market data regulations
  • - Strong capability in data analytics focused on market data to analyze quality, usage, audit invoices, and extract actionable insights for performance improvements and strategic decision-making
  • - Experience in managing and executing projects related to market data implementation, process improvement, and new system integration
  • - Excellent verbal and written communication skills to effectively liaise with internal stakeholders, market data vendors, and exchange representatives
  • - Ability to build and maintain strong working relationships with market data vendors, exchanges, and internal teams to ensure seamless operations and collaboration
  • - Strong problem-solving skills to address issues related to market data services, exchange compliance, and operational inefficiencies
  • - Familiarity with order management systems, market data platforms, and tools used by exchanges and vendors to effectively manage and optimize market data operations

Responsibilities

  • Vendor Management: Establish and maintain a comprehensive inventory of market data and brokerage vendors, including exchanges, data distributors, news and research providers, and other operations vendors as required
  • Contract and Invoice Management: Oversee the entire lifecycle of vendor contracts, ensure timely renewals, and manage invoice approvals and accuracy
  • Compliance and Reporting: Develop and implement an annual audit process to ensure compliance with exchange agreements and reporting requirements. Own the quote metering process, perform monthly reporting to vendors and review billing statements for accuracy
  • Budget Oversight: Own and maintain the market data budget, contributing to process improvements, cost efficiency and standardization initiatives
  • Client and Vendor Relations: Build strong working relationships with internal stakeholders and external vendors, ensuring service delivery aligns with client expectations and SLAs are met
  • Process Improvement: Lead initiatives to enhance the efficiency and effectiveness of market data management, including creating and maintaining documentation, and contributing to strategic projects and regulatory commentary
  • Operational Support: Manage other brokerage vendor relationships as needed, including investment research, platform licenses, and operations tooling

FAQs

What is the primary role of the Market Data and Brokerage Vendor Specialist at Wealthsimple?

The primary role is to streamline and centralize market data and brokerage vendor operations, manage vendor relationships, oversee compliance with exchange requirements, and enhance self-directed investment offerings.

What kind of vendors will I be managing in this role?

You will be managing relationships with market data vendors, including exchanges, data distributors, news and research providers, and other operational vendors.

Is contract negotiation a part of this job?

Yes, strong contract negotiation skills are required to negotiate terms with market data vendors and ensure favorable contracts and renewals.

What type of budget management responsibilities will I have?

You will own and maintain the market data budget, contributing to cost efficiency, standardization initiatives, and invoice management.

How does Wealthsimple ensure compliance with exchange agreements?

The role involves developing and implementing an annual audit process to ensure compliance and reporting requirements are met.

What skills are necessary for data analytics in this role?

Strong capability in data analytics is needed to analyze market data quality, usage, audit invoices, and extract actionable insights for performance improvement.

Will I be working remotely?

Yes, Wealthsimple is a remote-first team, so you will have the flexibility to work remotely.

How is communication structured within the role?

Excellent verbal and written communication skills are essential to liaise effectively with internal stakeholders, market data vendors, and exchange representatives.

What type of problem-solving skills are required for this position?

Strong problem-solving skills are necessary to address issues related to market data services, exchange compliance, and operational inefficiencies.

Are there opportunities for professional development and wellness support at Wealthsimple?

Yes, employees receive up to $1,500 per year towards wellness and professional development budgets, along with 20 vacation days and unlimited sick and mental health days.