Job
Description
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
