Job Profile Description
The Market Data Management team maintains the inventory of market data services and subscriptions utilized across Manulife and ensures the timely administration of licensing, billing, vendor payments, contract renewals, and chargeback activities. The team supports third-party market data providers and works closely with business units, finance, procurement, accounts payable, and global stakeholders to ensure accurate and efficient delivery of market data services.
The Senior Specialist, Market Data Management is responsible for leading complex operational activities related to market data administration while acting as a senior escalation point for operational issues, invoice discrepancies, vendor billing concerns, chargeback inquiries, and stakeholder requests. The role supports operational excellence through process improvement, knowledge sharing, project participation, and continuous enhancement of service delivery.
The incumbent is expected to work independently, exercise sound judgment, and collaborate effectively with stakeholders across multiple regions while maintaining strong operational controls and service standards.
Roles and Responsibilities
I. Operational Leadership and Escalation Management
Serve as the primary escalation point for complex market data operational issues, billing discrepancies, payment concerns, and stakeholder inquiries.
Provide guidance, coaching, and subject matter expertise to Analysts and Specialists on market data processes, procedures, and best practices.
Review complex transactions, operational deliverables, and financial activities for accuracy and completeness before management review.
Support knowledge transfer, training, and onboarding activities for team members.
Partner with management and business stakeholders to resolve operational challenges and improve service delivery.
Promote operational excellence through continuous process review and enhancement.
II. License Administration and Service Management
Review and process market data requests including new subscriptions, transfers, relocations, entitlement changes, and terminations.
Coordinate market data provisioning activities with internal stakeholders and external service providers.
Process Bloomberg exchange enablement and entitlement requests through vendor administration portals.
Coordinate trial subscriptions and manage conversion to permanent services where applicable.
Support business units by providing guidance on market data products, services, and subscription administration.
Ensure timely and accurate fulfillment of market data requests in accordance with established service levels.
III. Invoice Management, Vendor Payments, and Financial Administration
Lead the review, reconciliation, and resolution of complex market data invoices.
Investigate invoice discrepancies, pricing variances, tax calculation differences, and billing exceptions.
Coordinate with vendors, Accounts Payable teams, finance groups, and business stakeholders to facilitate timely invoice processing and payment.
Review supporting documentation and approvals for market data expenditures and vendor payments.
Monitor outstanding invoices and drive resolution of aged items to meet service level expectations.
Recommend improvements to invoice processing and payment workflows to enhance efficiency and accuracy.
IV. Chargeback Administration and Cost Allocation
Support the administration and governance of market data chargeback activities across global business units.
Review chargeback calculations, allocation methodologies, journal entries, and monthly reporting deliverables.
Investigate and resolve complex chargeback inquiries and disputes from stakeholders.
Assist in the development and enhancement of chargeback methodologies and cost allocation processes.
Identify opportunities to improve transparency, accuracy, and consistency in chargeback reporting and administration.
Partner with business stakeholders to ensure market data costs…