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Asset & Wealth Management - Chief Data Office - Market Data Vendor Management - VP

Req #: 180011808
Location: London, ENG, UK
Job Category: Asset Management
Potential Referral Amount: 3500 Pound Sterling (GBP)


Business Description


J.P. Morgan Asset & Wealth Management, with client assets of $2.4 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.
Business Function
A critical priority for Asset & Wealth Management is to ensure that high-quality data is available to run our business and meet our clients' needs. The Asset & Wealth Management Chief Data Office (CDO) defines AWM's data strategy and support for the core data used across AWM and needed to run our business, such as client data, reference data, product data, securities and pricing data, transactions and holdings, and index data. The AWM CDO is positioned in the Asset and Wealth Management Operations division, within AWM Center reporting to the AWM COO. We work with the AWM business and Firmwide CDO to analyze data, ensure data governance and data quality standards are in place, look for efficiencies in business processes, and work with our technology partners to implement solutions.
The Chief Data Office Market Data Vendor Management team is responsible for governing global Asset Wealth Management market data licenses by implementing formal processes to collect, control, and review all market data requests.
Role Description
The Market Data Vendor Management Vice President will aid and at times lead vendor negotiations, drive operational behavior to consolidate usage, standardize data use of fewer vendor products and ultimately deliver financial efficiency for the firm. Additional duties will include providing support for tracking and attesting to contract adherence and maintaining contract information in the license repository authoritative source. This position will work closely with senior business executives and technology leadership to ensure key decisions about vendors are made in line with the data management roadmaps and business needs.
Given the increased priority and demand for supporting regulatory and compliance initiatives, it is essential for the Market Data Vendor Manager Vice President to collaborate within and outside Asset Wealth Management, given the interrelationship among various Lines of Businesses within JPM as well as vendor management partnering teams including Market Data Sourcing, Third-Party Oversight, Legal, Compliance, Market Data Services, and Finance.
The ability to articulate and communicate issues and solutions to fellow team members, partners, and internal clients will be a key function. In addition, creating and presenting updates to larger audiences including senior management, producing reports and updates, and other written or verbal communication is important. The ability to work with guidance as well as independently in a fast-paced environment while delivering accurate and timely results is critical.
Role and Responsibilities:

* Support the global, AWM-wide market data license service to be used by all consumers

* Partnering with operations and the end business to drive vendor rationalization projects

* Drive operational behavior to consolidate usage and standardize use of fewer vendor products

* Deliver financial efficiency for the firm

* Provide support for analyzing, defining, and implementing standard cost and allocation models

* Gather and organize data to produce metrics and reporting related to market data consumption

* Collaborate with technology on the development and implementation of market data entitlements to collect and monitor metrics related to data consumption and contract adherence

* Define the agenda and manage meeting materials and follow ups for important meetings with the business, technology, operations, and other key stakeholders

* Maintain information about vendor agreements in the market data licensing repository, storing general contract metadata, specific contract terms and conditions, and impact of contracts on AWM business usage


Key Relationship:


* Internal relations - Chief Data Officer, Data Domain Stewards, Data Domain Executives

* External relations – Technology and Architecture teams, Business teams, Chief Operating Offices, Chief Finance Officers, Market Data Sourcing, Third-Party Oversight, Legal, Compliance, Market Data Services, and Finance



Required Skills


* Relevant degree qualification (such as Accounting, Business Administration, Economics, Finance) and/or equivalent work experience

* Able to demonstrate relevant knowledge applicable to the role ideally within a major financial services organization, with large-scale data or project management and oversight experience

* Knowledge of financial data or vendors of market data

* Proven track record of successfully implementing vendor service remediation and able to quantify such benefits

* Ability to work in deadline-oriented and controlled environment

* Ability to demonstrate flexibility and adaptability to rapidly changing business needs

* Ability to use creative thinking to identify solutions for complex processes and / or issues

* Self-motivated and proactive with the ability to work in a team

* Provide regular updates on projects and metrics to Senior Management


Desired Skills


*  Strong interpersonal and influencing skills; ability to interact with colleagues at all levels in a peer-like way, and achieve goals without direct control over resources

* Ability to manage relationships across all Asset Management functions (business, operations, technology, and finance) and across the enterprise and the firm at all levels of the organization

* Highly developed skills in priority setting and alignment of project priorities with business strategy


JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package.


JPMorgan Chase & Co. is an Equal Opportunity Employer  

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