Market Data Commercial Manager

Job title: Market Data Commercial Manager Location: London (Hybrid working) Contract length: 6 months Are you an experienced Market Data & Procurement professional looking to drive high-impact commercial negotiations across global financial markets? Randstad Sourceright, a leading provider of RPO & MSP Recruitment Services is currently seeking a strategic and results-driven Market Data Commercial Manager to join their Market Data Strategy team in London on a 6-month contract. In this key position, you will govern, optimise and strategically manage major vendor relationships across market data, reference data, indices and benchmark providers. Key Responsibilities * Supplier Governance & Negotiation: Drive high-stakes vendor negotiations and commercial evaluations alongside major index and market data suppliers * Cost Optimisation & Budget Management: Implement cost-reduction initiatives, oversee multi-million-pound spending and secure sustainable commercial savings * Contract & Licensing Management: Oversee licensing audits, contractual terms and supplier delivery to maintain compliance and strategic alignment * Cross-Functional Stakeholder Engagement: Serve as a trusted advisor to senior leaders across Trading, Investments, Technology, Legal, Finance and Compliance * Regulatory Compliance: Guarantee that vendor arrangements align with benchmark regulation and UK/EU legal frameworks What We Are Looking For: * A background managing market data, procurement or commercial vendor relationships within investment banking, asset management or major data providers * Demonstrated background delivering large-scale licensing deals covering reference data, indices and financial market products * Strong capability in financial forecasting, budget administration and delivering systematic cost savings * Outstanding interpersonal capabilities, analytical mindset and a highly collaborative approach to negotiation