The following functions are important for market data management systems.
Manages the market data group. Directs staff responsible for analysis, administration and budget tracking for all market data services. Responsible for managing relationships with external data and service providers from initial analysis through contract negotiation and managing the ongoing relationship. Responsible for remaining informed about vendors and services available in the marketplace and for keeping internal clients and management abreast of changes and new opportunities.
Recommends, designs and implements new policies, procedures and controls to ensure service, on-time project delivery while maintaining compliance with departmental standards and mitigating operational and service, on-time project delivery while maintaining compliance with departmental standards and mitigating operational and regulatory risk. Works with the investment team to develop the annual market data budget. Manages staff tracking budget and service change control. Reports regularly to investment staff on budget status and run rates. Develops staffing plans and operational budgets for the division: works within budgetary guidelines and improves upon profitability where feasible. Develops operating plan to correct audit and security deficiencies. Implements plans to eliminate deficiencies. Conducts staff meetings with subordinates to keep them apprised of team and Company activities. Develops subordinates to facilitate staff development and advancement, encourages staff to take advantage of training opportunities and develops departmental cross-training programs.