Market Data IT Governance Lead

We are representing a well-established Swiss financial institution with a multinational footprint seeking a senior-level Market Data IT Governance Lead to assume end-to-end accountability for the bank’s market data platforms and associated services.

This role combines IT service governance, vendor and licensing oversight, cost control, and stakeholder alignment across front-office, trading, risk, analytics, finance, compliance, and IT functions.

The position is business-critical and commercially significant, given the regulatory exposure and substantial cost footprint of market data across the organization.

Responsibilities

Service Governance & Platform Accountability

• Assume full ownership of the Information Platform and Market Data Services landscape
• Ensure stable, compliant, and performance-driven service delivery
• Act as the central authority for service quality, risk management, and continuous improvement
• Apply ITIL-based service management practices to maintain operational excellence

Contract & License Management

• Oversee all market data contracts, licensing agreements, and subscription frameworks
• Ensure strict compliance with vendor terms and exchange regulations
• Support internal and external audits related to data usage and licensing
• Manage renewal cycles, pricing structures, entitlement models, and vendor relationships
• Prepare and submit mandatory usage and compliance reports

This role carries direct responsibility for mitigating contractual and audit risk across the organization.

Cost Management & Optimization

• Identify and implement cost-efficiency initiatives across sourcing, licensing, and consumption
• Analyze usage patterns and eliminate redundancies
• Support budgeting, forecasting, and variance analysis for business units
• Establish transparent and structured cost allocation mechanisms

Given the scale of market data expenditure in banking, this role has measurable financial impact.

Stakeholder Alignment

• Partner closely with Front Office, Risk, Finance, Compliance, and IT
• Align market data services with evolving business and strategic priorities
• Act as a trusted advisor on governance, efficiency, and best practices

Profile

• 5+ years of experience in market data management and/or IT service management within banking or financial services
• Strong understanding of market data licensing models, vendor contracts, and regulatory implications
• Practical experience applying ITIL-based service management frameworks
• Strong analytical and financial acumen
• Ability to prioritize effectively and manage diverse stakeholders
• High level of integrity, accountability, and ownership
• Independent and structured working style
• Fluency in English and German
• Advanced Microsoft Office skills