Our Market Data team in the CIB Chief Operating Office plays a critical role in the execution of our strategy. We're responsible for the strategic management, provision, and administration of Market data. The team looks to optimize relationships, identify new opportunities, capabilities, and data to support our strategy, and manages a large annual budget. Your role will focus on optimizing data usage, managing vendor relationships, streamlining administrative processes, and driving cost efficiencies. You'll play a pivotal role in achieving our 2025 goals, including a 10% cost-saving target, by delivering actionable insights and ensuring alignment between data services and business needs.
Key Responsibilities
* Data Optimization: Conduct regular audits of market data usage, identifying underutilized or redundant services. Collaborate with business units to align data subscriptions with their specific use cases and strategic goals. Propose and implement strategies for improving the value of current data services.
* Vendor Management and Cost Control: Assist in contract reviews and renegotiations with top vendors to secure cost savings and improved terms. Examine vendor performance and advise on actions for optimizing vendor relationships, including strategies for transitioning. Support the development of cost escalation counter-strategies and contribute to achieving cost-saving targets.
* Efficient Administration: Streamline invoice processing and improve the accuracy of cost allocation methodologies. Ensure administrative tools and processes are suitable and adjust to internal and external changes. Contribute to the creation of adaptive reporting solutions for real-time insights and collaborator needs.
* Reporting and Insights Generation: Prepare detailed usage reports, financial forecasts, and dashboards for collaborators. Identify trends, provide actionable insights, and recommend improvements based on data analysis.
* Collaboration and Innovation: Work cross-functionally with procurement, finance, IT, and business units to align data solutions with organizational goals. Stay informed about industry trends and tools to suggest innovative approaches for data management.
Key Skills and Experience
Key to this role is your relevant experience of Market Data and demonstrable evidence of the following:
Technical Skills:
* Experience with Market Data inventory and entitlement systems.
* Proficiency in Excel, Power BI, or other data visualization tools.
* Strong analytical skills with experience in managing large datasets.
* Familiarity with market data systems (e.g., Bloomberg, Refinitiv) and contract management.
Soft Skills:
* Background in Financial Services.
* Excellent communication and collaborator engagement skills.
* Strong organizational and multitasking abilities to manage competing priorities.
* Problem-solving approach with a focus on delivering measurable results.
Desirable Skills:
* Knowledge of financial planning and cost allocation methodologies.
* Experience in process optimization and workflow automation.
* Understanding of compliance and risk management in market data contracts.
* Experience in vendor or contract management is a plus.
About Lloyds Banking Group
We're on an exciting journey and there couldn't be a better time to join us. The investments we're making in our people, data, and technology are leading to innovative projects, fresh possibilities, and countless new ways for our people to work, learn, and thrive.
At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses, and communities. With us, you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group mean you'll have many opportunities to learn, grow, and develop.
Benefits
* A generous pension contribution of up to 15%
* An annual performance-related bonus
* Share schemes including free shares
* Benefits you can adapt to your lifestyle, such as discounted shopping
* 28 days' holiday, with bank holidays on top
* A range of wellbeing initiatives and generous parental leave policies
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