Associate, MDS Solutions

The global Market Data Services team consists of three sub-groups (MDS Administration, MDS Solutions and MDS Compliance) who engage, strategize and support enterprise-wide businesses and stakeholders.

This role in the MDS Solutions team is responsible for the sourcing, contract managing and optimizing of market data for the firm. You will engage, strategize and support enterprise-wide businesses and stakeholders; and partner with technology and operations professionals providing expertise on market data service options, sources and suppliers. Your responsibilities span across technical and strategic functions, especially when it comes to risk mitigation, compliance, and analytics.

What will you do?

Contract Management

Lead the negotiation, review and management of contacts with major market data vendors
Ensure the organizations use of market data aligns with licensing terms
Business Support

Provide market data solutions to all levels of business ranging from front office to back office.
Act as a subject matter expert on data entitlements, usage policies, vendor guidelines and industry standards
Drive cost optimization initiatives through vendor rationalization, contract restructuring and usage audits.
Supplier Management/Vendor Engagement

Develop and maintain strong working relationships with key vendors
Establish regular touchpoints to stay ahead of product changes, pricing models and service updates
Ensure all market data suppliers adhere to RBC supplier management standards, Code of conduct, and business continuity requirements.
Product Research/Industry Intelligence

Seek out market data sources and solutions for RBC business requirements.
Research industry trends and provide guidance on alternative services or changes impacting market data.
Participate in industry forums and working groups.
Evaluate and review new market data products, providing recommendations on services or strategies for RBC Enterprise
Analytics/Reporting

Produce ad-hoc and re-curing detailed reports and/or presentation decks with valued added commentary and analysis on market data spend, trends, and key updates.
What you need to succeed?

Must-have

Bachelors degree and 5+ years of experience in a relevant field
5+ years of experience in market data contract management, sourcing or vendor management
Experience working for a major financial institution or large buy/sell-side firm.
Deep knowledge of market data vendors and products (e.g. Bloomberg, Refinitiv, ICE, SP, Moody’s, etc.)
Familiarity with market data cost structures and billing models
Data analysis, contract negotiations, and compliance knowledge
Understanding of data usage compliance and entitlements (especially regulated environments like financial institutions)
Strong verbal and written communications skills
Stakeholder management skills (e.g. working with Legal, Procurement, Finance and, Business teams)
Ability to work independently and manage multiple vendor relationships simultaneously
High level understanding of Market Data tools (MDM, FITS or similar), and advanced proficiency at using MS Office products (Excel, PowerPoint, etc.)
Nice to-have

Previous vendor-side experience
Knowledge of alternative data sources
Familiarity with enterprise data platforms and how market data integrates into them.
High level understanding of BI tools (Tableau, QlikView, etc.)
What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation.
Leaders who support your development through coaching and managing opportunities
Work in a dynamic, collaborative, progressive, and high-performing team
Opportunities to do challenging work.
Flexible work/life balance options
Job Skills

Critical Thinking, Data Administration, Data Mining, Data Modeling, Data Movement, Detail-Oriented, Group Problem Solving, Quantitative Research, Research Documents
Additional Job Details

Address:

RBC CENTRE, 155 WELLINGTON ST W:TORONTO
City:

TORONTO
Country:

Canada
Work hours/week:

37.5
Employment Type:

Full time
Platform:

CAPITAL MARKETS
Job Type:

Regular
Pay Type:

Salaried
Posted Date:

2025-04-25
Application Deadline:

2025-05-08
Note: Applications will be accepted until 11:5+ PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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