Main Purpose:
Primary - We are seeking a meticulous and commercially savvy Market Data Subscriptions Manager to join our Procurement team within a leading physical commodity trading firm. The successful candidate will be responsible for managing all commercial and contractual aspects of market data subscriptions — that cover price indices, freight, FX, news, commodity specific analytics and macroeconomic data — to ensure optimal cost, coverage, and compliance in support of procurement and broader business needs.
Secondary – Internal and External stakeholder and vendor management for the procurement function.
Knowledge Skills and Abilities, Key Responsibilities:
Market Data Subscription Management:
Oversee all external market data subscriptions from leading partner like Platts, Argus, Bloomberg, CME, ICE related to procurement and market intelligence.
- Manage contract renewals, usage audits, pricing negotiations, and user access across the organization.
- Maintain a centralized catalog of all subscribed data services, entitlements, and license agreements.
Commercial Oversight:
- Optimize market data spend by evaluating vendor offerings, usage patterns, and business requirements.
- Negotiate favorable terms with vendors, ensuring alignment with procurement budgets and compliance policies.
- Identify redundant or underutilized services and drive rationalization initiatives.
- Oversee the market data subscriptions budget, track expenditures, and optimize costs while maintaining access to critical data resources
Stakeholder Collaboration:
- Work closely with Commodity specific desks, Risk, Data Science, Trading, and IT teams to align data services with strategic sourcing and trading needs.
- Coordinate with Legal and Compliance to ensure adherence to data licensing terms and mitigate risk.
- Partner with IT to integrate market data into relevant systems and platforms (e.g., ETRM, ERP, analytics tools).
Governance & Reporting:
- Develop and enforce governance frameworks for market data usage, licensing, and access control.
- Prepare usage reports, vendor scorecards, and budget forecasts for senior management.
- Establish internal documentation and training materials for market data users.
Other Competencies:
- Ability to say no and pushback on unreasonable requests.
- Ability to work independently, prioritize tasks, and meet deadlines while collaborating effectively with cross-functional teams
Preferred Experience:
- Experience in procurement or market data roles within a physical commodity trading environment.
- Understanding of data licensing terms and compliance frameworks.
- Exposure to enterprise systems (ETRM, ERP) and procurement analytics.
Key Relationships and Department Overview:
- Work closely with the Business and External Stakeholders