Senior Manager Market Data Management

Senior Manager Market Data Management Join to apply for the Senior Manager Market Data Management role at Mackenzie Investments. Grade: P8 Referral Level: Level 1 Division: IGM-COD IGM Financial Inc. is a leading wealth and asset management company in Canada, managing approximately $271 billion in assets. It offers financial planning and investment services to over two million Canadians through IG Wealth Management and Mackenzie Investments. Mackenzie Investments, founded in 1967, is a key part of IGM’s business model, serving as a comprehensive asset‑management partner for Canadian financial advisors and their clients. 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 role supports the creation and implementation of 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 assigned Business Unit(s). Collaborates with assigned Business Unit(s) to establish policies and procedures for data usage, entitlements and cost control. Provides advice to assigned Business Unit(s) regarding market data sourcing strategies, through data collection, market research and spend analytics. Maintains 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 day‑to‑day relationships with key market data vendors (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. Recommends and provides 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. 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 such as cloud data services, AI in market data management and other market data industry trends. Experience & Qualifications 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 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. Canadian Securities Course. CFA Institute certification. Financial Information Associate certification. 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. Benefits Competitive base salary, performance‑weighted bonus, education/career support, option to join Employee Share Purchase Plan with employer matching. Competitive health and dental coverage; employer‑sponsored coverage for you and your family. Voluntary Group RRSP enrolment with employer matching component. Employer‑sponsored short‑term and long‑term disability insurance. Paid volunteer days, competitive time off including 10 wellness days, WorkPerks discount program, hybrid & flex work arrangements. Inclusive culture and diversity: Be a Team, Be Accountable, Be Better; engagement through Business Resource Groups. EEO Statement IGM is a diverse workplace committed to doing business inclusively. We encourage applications from all qualified candidates, including racialized persons, women, Indigenous persons, persons with disabilities, 2SLGBTQIA+ community members, gender diverse and neurodiverse individuals, and those who may contribute to further diversification of ideas. How to Apply Interested candidates are invited to submit their resume and a cover letter detailing their qualifications and experience to . We thank all applicants for their interest; only those selected for an interview will be contacted. Location Toronto, Ontario, Canada – Salary: CA$95,000.00 – CA$115,000.00; posting 2 weeks ago. #J-18808-Ljbffr