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

05/04/2022

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

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.