Commercial Lead - London

FDM is a global business and technology consultancy seeking a Commercial Lead to work for our client within the finance sector. This is initially a 6-month contract with the potential to extend and will be a hybrid role based in London.

As an experienced Commercial Lead, you will act as team lead, providing direction and management for all vendor facing and business facing activities within their categories and business areas. You will manage a portfolio of vendors and contracts as well as being a point of escalation for contract and business-related issues for the team. You will be responsible for ensuring that the client obtains the most cost-effective market data services to meet business requirements.

This role requires someone who is a team player, can work under their own initiative and has strong verbal and non-verbal communication skills.

Responsibilities

• Manage commercial negotiations with relevant Market Data vendors and liaise with business and legal to ensure favourable commercial terms which meet business requirements and yet mitigate business risk
• Manage overall business relationship with assigned business area
• Ensuring the client leverages its global purchasing power with the vendors and undertaking proactive management of the global contracts on behalf of all relevant internal stakeholders
• Working to simplify and streamline procedures for workflow, contract management and invoice payment
• Ensuring that all the terms of all global deals are communicated to the relevant entities who are entitled to participate in them, and managing the compliance to any vendor terms and conditions
• Chairing regular meetings with vendors and Business within categories
• Ensuring best practice is put in place for negotiation of all market data purchases
• Ensure team adheres to client’s procurement sourcing and supplier management process
• Manage team training and development

Requirements

• Higher economic, business, technical, legal or finance education degree
• Major market data vendor knowledge and understanding of different functional areas of a bank
• Understanding of Finance & cost allocation process
• Proficient in the use of MS Office Investment Banking or Financial Markets industry experience, specifically within a Market Data BA and/or Vendor Manager role
• Global multimillion £ value contract negotiations
• Regional/global market data inventory management and cost allocation
• People management experience
• Proven knowledge of Market Data Vendor Management and contract negotiations
• Strong administration and market data product knowledge
• Market Data Banking functions knowledge
• Good understanding of market data inventory systems, processes and procedures

Why join us?

• Career coaching and access to upskilling throughout your entire FDM career
• Initial upskilling pre-assignment that has been accredited by TechSkills
• Assignments with global companies and opportunities to work abroad
• Opportunity to obtain certifications from Microsoft, Salesforce, Cisco and more
• Access to the Buy As You Earn share scheme

About FDM

We are a business and technology consultancy and one of the UK's leading employers, recruiting the brightest talent to become the innovators of tomorrow. We have centres across Europe, North America and Asia-Pacific, and a global workforce of over 4,000 Consultants. FDM has shown exponential growth throughout the years, firmly establishing itself as an award-winning employer and is listed on the FTSE4Good Index.

Diversity and Inclusion

FDM Group is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, sexual orientation, national origin, age, disability, veteran status or any other status protected by federal, provincial or local laws.