Market Data Application Consultant

Need Candidates DL for this role

Required Candidate Location: Hybrid/Jersey City, NJ 3 Days a Week - NO RELOCATION

Job Description:

Job Overview
Banc of America Securities is seeking a Market Data Application Consultant for a long-term consulting role focused on Internal Risk . This position will serve as the single point of contact between Procurement, IT Risk, and external market data vendors , ensuring compliance with corporate workflows and risk management policies . The consultant will play a critical role in overseeing market data application Analyst , ensuring all open risk SLAs are met, and facilitating smooth communication between internal teams and third-party vendors.

Key Responsibilities



Market Data Application Risk Management

• Ensure all open risk SLAs are met by proactively managing and tracking issues through resolution.
• Work closely with IT Risk teams to ensure applications comply with corporate security policies and regulatory guidelines.
  
  
  
  

Vendor Management & Corporate Workflow Compliance

• Act as the primary liaison between Procurement, IT Risk, and external market data vendors .
• Manage vendor relationships, ensuring timely delivery of services and compliance with contractual agreements .
• Follow corporate procurement workflows , ensuring all requests, renewals, and approvals meet internal policies.
• Assist in contract negotiations, renewals, and compliance assessments for market data services.

Cross-Functional Coordination

• Collaborate with trading, risk, IT, and finance teams to align market data support with business needs.
• Provide regular status updates and reporting on risk items, SLA compliance, and vendor performance.
• Ensure seamless onboarding of new market data services by coordinating with internal teams and vendors.

Qualifications



Required Skills & Experience

• 3-6 years of experience in market data application Analysis
• Strong understanding of market data vendors , such as Bloomberg, Refinitiv, ICE, FactSet, and S&P Global .
• Experience in risk management processes , including SLA tracking and corporate workflow compliance.
• Knowledge of IT Risk and Procurement processes in a banking or securities environment.
• Ability to troubleshoot market data application issues , including latency, connectivity, and entitlement problems.
• Strong communication and stakeholder management skills, with experience acting as a liaison between business, IT, and vendors .

Why Join Banc of America Securities?

• Long-term consulting role with exposure to market data, risk management, and vendor relations .
• Opportunity to work in a dynamic financial environment , supporting critical trading and risk applications.
• Competitive compensation and the chance to collaborate with leading financial professionals.
• Direct involvement in high-impact decision-making related to market data services.