Job DescriptionLocation: Toronto, Winnipeg
Referral: Level 1
Position (details)- The Senior Manager Market Data reports to the Director Market Data Management and is responsible for overseeing the acquisition, governance and optimization of market data across the organization, ensuring compliance, cost efficiency and alignment with Business Unit needs.
- The Senior Manager Market Data Management supports the Director Market Data Management with developing and implementing IGM's market data strategy.
Responsibilities: - Market Data Strategy & Governance
- Implements IGM's market data strategy across Business Unit(s) by translating it into a set of implementable and measurable plans and targets
- Participates in and prepares materials for the Market Data Council meetings
- Ensures compliance with data licensing agreements and vendor contracts across BUs
- Contributes to the development and implementation of the goals, objectives, and budget for their assigned Business Unit(s)
- Collaborates with the assigned Business Unit(s) to establish policies and procedures for data usage, entitlements and cost control.
- Market Data Vendor Management
- Provides advice to assigned Business Unit(s) relating to market data sourcing strategies, through data collection, market research and spend analytics
- Helps to maintain currency of the market data inventory management system and uses the data to identify optimization opportunities in the portfolio
- Leads development of market data sourcing strategies leveraging market trends to maximize value to the business
- Analyzes and understands all potential third-party risks at the market data category/supplier level (e.g. data security, privacy, regulatory and compliance, and reputational risks) and develops appropriate mitigation strategies with business leaders
- Manages the day-to-day relationships with key market data vendors (e.g Bloomberg, MSCI, Factset, FTSE etc.)
- Monitors market data vendor performance and service levels
- Leads contract negotiations, renewals and compliance audits
- Leads internal resources and business partners in supporting the development of a sourcing strategy or planning of a sourcing exercise and ensuring alignment with the overall market data strategy
- Participates with Sourcing Lead in RFX / competitive bid process from issue, evaluation, negotiations, and vendor selection
- Collaborates with business partners in recommending and providing decisions on optimal vendors that best meet the evaluation criteria and objectives of the business
- Uses the Source-to-Contract platform and follows procurement processes and the Procurement Policy to complete sourcing and contracting activities
- Stakeholder Collaboration and Innovation
- Works closely with investment management, asset management and other consumers of market data along with risk stakeholders, procurement, compliance and IT teams.
- Understands business needs and aligns market data services accordingly
- Stays updated on trends like cloud data services, AI in market data management data and other market data industry trends.
Requirements:Experience:- 5-7 years of experience in market data vendor management and category analytic role
- Minimum 5 years' experience at a financial institution with exposure to financial markets
- Experience with market data platforms (Bloomberg, Refinitiv)
- Familiarity with financial markets and data governance
- Strong analytical and project management skills
- Skilled in negotiations supporting financial services categories, including but not limited to finance, market data, fund operations, industry subscriptions and wealth product management
- Expert knowledge on developing and interpreting spend and market analysis
- Ability to influence and manage senior to executive level stakeholders using advanced negotiation, facilitation and mediation skills
- Experience in continuous improvement environments
- Expert knowledge in Excel and PowerPoint
Preferred:- Undergraduate degree in business or finance
- Experience with an asset manager or buy side firm or bank
- Canadian Securities Course
- Financial Information Associate
- Knowledge of financial markets, fund management and/or private wealth
- Experience using a market data inventory management system (TRG Screen)
- Experience in data visualization tools, such as Tableau
The expected annual base salary range for this role is $97,000 - $117,500 which is determined based on skills, knowledge and experience and geographic location. In addition to base salary, this role is eligible for annual short-term incentive, health and well-being benefits, retirement and savings plan, paid time off and career development.
Benefits: - COMPETITIVE COMPENSATION & RECOGNITION: competitive base salary, performance-weighted bonus, education/career support, option to join Employee Share Purchase Plan with employer matching component.
- EMPLOYEE BENEFITS & INSURANCE: competitive health and dental coverage, flexible plan for you and your family and short-term & long-term disability plans.
- RETIREMENT SAVINGS PROGRAMS: voluntary Group RRSP enrolment with employer matching component.
- WORK LIFE BALANCE: paid volunteer days, competitive time off including 10 wellness days off, WorkPerks discount program, hybrid & flex work arrangements.
- INCLUSIVE CULTURE AND DIVERSITY: living our core values: Be a Team, Be Accountable, Be Better, engaging with community through Business Resource Groups (BRG communities are volunteer employee-led groups formed around a common interest, identity, or background).
How to Apply: Interested candidates are invited to submit their resume and a cover letter detailing their qualifications and experience to
https://www.mackenzieinvestments.com/en/careers.
Artificial Intelligence in Recruitment: As part of our Talent Acquisition process, we may use artificial intelligence and automated tools to support activities such as candidate sourcing, application review, and interview scheduling. These tools support the recruitment process; all hiring decisions are made by people.
We thank all applicants for their interest in Mackenzie Investments; however, only those candidates selected for an interview will be contacted.
Please apply by June 20 2026.
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