Northern Trust Corp. | Jobs | Analyst, Market Data | BigDataKB.com | 04-02-22

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Job Location: Bangalore/Bengaluru

Market Data Contract Administrator is a specific function that manages a firm s inventory of Market Data services and spend.
  • Review contracts executed and update internal Contract Repository FITS (Financial Information Tracking System)
  • Update Contract Terms like Term, Fee, Fee Type, Contract Limitation, Cost Code, User Contacts, Northern Entity
  • Contract the Contract Database/Repository
  • Ensure to update correct/current contracts and other relevant approvals on FITS
  • Liaise with Sourcing Team to ensure proper updates are captured
  • Run periodic Contract Expiry Report to ensure contracts are not overdue
  • Work with Market Data Procurement to update appropriate users and ensure cost is allocated as per business approvals
  • Work with Invoice Reconciliation teams to ensure that the invoices are paid as per the contract terms fee, period etc
  • Ensure no invoices are paid until contract is created and reconciled
  • Contract Query management with Market Data Procurement and Invoicing Teams

The role will be responsible for managing Market Data Administrator reporting in to VP Enterprise Market Data – Bangalore.

Operations Management

  • All Market Data admin tasks carried out in line with customer expectations.
  • 100% Adherence to PLA.
  • Drive initiatives to reduce referrals to on-shore / vendors.
  • Constantly drive Process Improvements

Knowledge, Experience Skills Supplementary

  • Basic understanding of Market Data vendors and services
  • Decent knowledge on Financial Information Tracking System (FITS)
  • Ability to manage global relationships and manage expectations (must).
  • Expert knowledge of accounting and its relationship with market data (must).
  • MDM knowledge
  • Good communicator, particularly on the phone (must).
  • Target driven and willingness to get the job done.
  • Analytical skills, with ability to recognize and propose areas of risk or opportunities for improvement.

Further Information can be obtained from:

Additional Information / Specific Skills (If Any)

  • Experience in Finance or similar industry
  • Minimum educational qualification is Degree or its equivalent
  • Prior experience is considered
  • Basic knowledge on FITS or MDM (Market Data Management)

Apply Here

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