Exchange Data Licensing Specialist (Hybrid)
Apply NowCompany: Morgan Stanley
Location: Montreal, QC H1A 0A1
Description:
We're seeking someone to join our team as an Exchange Data Licensing Specialist to engage in Strategic data provider relationship management, advisor to business units and Market Data Analysts on exchange data licensing requirements, analysis of BU requirements and consumption drivers and development versus commercial data licensing requirements & obligations, procurement and execution of exchange data agreements, and review & implementation of exchange policy changes.
In the Corporate Services division, we empower our businesses by creating collaborative workplace solutions and commercial services that enhance the employee and client experience, while optimizing the value of our sourcing and third-party lifecycle to enable the Firm to do-and-win business. This is a Director level position within the GSS (Global Supplier Services), the Global Market Data group includes Market Data Sourcing, Analyst, Administration, and Inventory Management functions. The Market Data Sourcing team manages the Firm's global procurement relationships with providers of market data content and services while partnering with Analysts and business units to evaluate, and understand business market data requirements, to identify the data sources and vendor products needed to execute the business, and to influence and advise on best-fit solutions.
Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions and individuals around the world achieve their financial goals.
Interested in joining a team that's eager to create, innovate and make an impact on the world? Read on...
What you'll do in the role:
What you'll bring to the role:
At Morgan Stanley Montreal, we support the Firm's global businesses and infrastructure with cutting edge technology and innovation. The multi-faceted and highly technical Montreal team plays a critical role in building and maintaining our leading technology platform, including electronic trading, algorithm trading, cloud engineering, infrastructure, cybersecurity and AI/ML. Morgan Stanley has been rooted in the Montreal community since 2008 and is considered a leading employer among the area's highly skilled technology talent. There's ample opportunity to move across the businesses for those who show passion and grit in their work.
All our positions are located in Montreal, Quebec. We offer a hybrid work environment, combining remote work and attendance in the office.
Knowledge of French and English is required.
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential.
In the Corporate Services division, we empower our businesses by creating collaborative workplace solutions and commercial services that enhance the employee and client experience, while optimizing the value of our sourcing and third-party lifecycle to enable the Firm to do-and-win business. This is a Director level position within the GSS (Global Supplier Services), the Global Market Data group includes Market Data Sourcing, Analyst, Administration, and Inventory Management functions. The Market Data Sourcing team manages the Firm's global procurement relationships with providers of market data content and services while partnering with Analysts and business units to evaluate, and understand business market data requirements, to identify the data sources and vendor products needed to execute the business, and to influence and advise on best-fit solutions.
Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions and individuals around the world achieve their financial goals.
Interested in joining a team that's eager to create, innovate and make an impact on the world? Read on...
What you'll do in the role:
- Engaging with internal clients (both business and IT/Application Development) and Exchanges as a licensing/sourcing expert to perform business analysis pertaining to Exchange Data utilization by both End Users and Applications.
- Operational sourcing of Exchange Data including completion of relevant agreements, order forms, schedules etc. after discussion with the Business and the Exchange as appropriate, and subsequent upload to Ariba as part of sourcing workflow.
- Support Exchange Data Category Lead and/or Legal as required in risk analysis to ensure clients' rights and privileges are understood and fit for purpose, ensuring minimized risk / mitigating across operations, financial, reputational, and regulatory including risk due to internal and/or external redistribution of raw and derived data sets. Addressing education of Usage Rights, special use cases, redistribution, IP/copyright, for Exchange Data with assistance from Legal.
- On a case-by-case basis either directly perform, or support the Exchange Data Policy Administrator in performing as needed:
- Tracking and monitoring changes in Exchange data policies and pricing (announcements/data notifications)
- Managing and educating outward any changes to those policies and ensuring the correct reflection in relevant inhouse systems
- Ensuring upkeep of in-house systems, contract repositories, invoice validations, as needed.
- Support on invoice discrepancies/issues.
- Any required Usage or Entitlement or Regulatory Reporting/Declarations to the Exchanges
- Developing/maintaining expertise in exchange policies.
- Support the Exchange Data Category Lead around Exchange contractual, commercial and relationship issues as they arise, particularly outside UK office hours.
- May be asked to support or participate in market data audits (opening, information gathering, assessment, response, tracking and closure).
What you'll bring to the role:
- University degree or MBA with at least 5-10 years in finance/banking, an exchange, vendor or professional consultancy/major accountancy. FISD Level 2 - Data Licensing Specialist (DLS) highly desirable.
- J.D. Degree with focus on contracts, intellectual property a plus.
- Candidate should have financial services work experience with a proven track record of managing key supplier / Exchange engagements and a broad range of diverse consumer relationships.
- Proven knowledge of Exchanges and the market data category with strong understanding of "standard" usage terms such as non-display, derived data etc..
- Knowledge of Indices & Benchmarks as provided by the Exchanges strongly advantageous.
- Knowledge of Exchange Sourcing methodologies, proficient in developing contracts and negotiating complex usage and commercial terms
- Strong project management, organizational and facilitation skills
- Comfortable with manipulating large sets of data, data comparisons and advanced Excel and working knowledge of Ariba, JIRA, Exchange Policy DBs (PEAR / Profiler-XTVM), Application Compliance Systems (ACT / DCDM), Inventory Systems (FITS / MDM / FinOffice / Abacus), and LSEG/Refinitiv DACS advantageous.
At Morgan Stanley Montreal, we support the Firm's global businesses and infrastructure with cutting edge technology and innovation. The multi-faceted and highly technical Montreal team plays a critical role in building and maintaining our leading technology platform, including electronic trading, algorithm trading, cloud engineering, infrastructure, cybersecurity and AI/ML. Morgan Stanley has been rooted in the Montreal community since 2008 and is considered a leading employer among the area's highly skilled technology talent. There's ample opportunity to move across the businesses for those who show passion and grit in their work.
All our positions are located in Montreal, Quebec. We offer a hybrid work environment, combining remote work and attendance in the office.
Knowledge of French and English is required.
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential.