Market Data - Sr Specialist

At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate care and compassion for our community and each other. Because what we do matters – to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures.

THE ROLE

The Market Data Sr. Analyst is responsible for supporting MFS in the acquisition, management, and optimization of third-party market data to enable portfolio management, trading, operations, compliance, risk, performance, and client reporting functions.

The role provides exposure to data users across the organization and requires relationship management with external data providers, procurement, and governance functions. This position offers a unique opportunity to learn and contribute to all aspects of investment management through the lens of market data.

WHAT YOU WILL DO

Vendor Lifecycle Management

• Assist in managing the vendor lifecycle from initial request and onboarding through negotiations, legal review, and contract execution.
• Administer contract renewals, ensuring timeliness and alignment with business needs.
• Maintain exchange reporting and audits, ensuring compliance with licensing requirements.

Stakeholder Engagement & Collaboration

• Collaborate with portfolio management, trading, research, operations, and other business partners to document business needs and align them with vendor services.
• Educate data users on contractual rights and restrictions to ensure compliance with usage terms.
• Partner with procurement, legal, risk, and compliance to ensure appropriate governance and due diligence across all contractual engagements.

Operational Management

• Maintain the vendor inventory system, ensuring contracts, entitlements, and pricing information are accurate and current.
• Develop and deliver a monthly reporting schedule for stakeholders to provide transparency into market data spend and usage.
• Manage workflow allocation through JIRA and generate dashboards to track activity and progress.

Strategic Initiatives & Continuous Improvement

• Engage in strategic initiatives to improve the investment and data lifecycle, with a focus on cost efficiency and value creation.
• Document and update internal procedures to ensure consistency with best practices.
• Track and document cost savings, avoidance, and budget headwinds, aligning reporting with the overall market data budget.

WHAT WE ARE LOOKING FOR

• Bachelor’s degree or equivalent experience.
• 2–5+ years of experience in the financial services industry, with at least 1–2 years of focus on market data acquisition and vendor management.
• Knowledge of major third-party market data vendors, exchanges, and the services they provide.
• Strong interpersonal, communication, and negotiation skills with proven ability to interact effectively with stakeholders at all levels, particularly trading and research staff in a fast-paced investment environment.
• Demonstrated ability to manage multiple priorities and deadlines.
• Team-oriented, collaborative approach to problem solving and relationship building.

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At MFS, we are dedicated to building a diverse, inclusive and authentic workplace. If you are excited about this role but your past experience doesn't align perfectly, we encourage you to apply - you might be just the right candidate for this role or others.

• Generous time-off provided: including "Responsible time off" for many roles, paid company holidays when the US Stock Exchange is closed, plus paid volunteer time

• Family Focus: Up to 20 weeks of paid leave for new parents, back-up care program, dependent care flexible spending account, adoption assistance, generous caregiver leave

• Health and Welfare: Competitive medical, vision and dental plans, plus tax-free health savings accounts with company contributions

• Wellness Programs: Robust wellness webinars, employee assistance program with a focus on mental health, subsidized fitness benefit via Wellhub (formerly Gympass), where you can workout at gyms, studios and boutique fitness locations near you, join virtual personal training sessions and access a wide variety of well-being apps

• Life & Disability Benefits: Company-paid basic life insurance and short-term disability

• Financial Benefits: 401(k) savings plan, Defined Contribution plan- 15% of base salary invested into the Plan, competitive total compensation programs

Applicants must be currently authorized to work in the United States on a full-time basis. This position is not eligible for sponsorship.

MFS is a hybrid work environment (remote/onsite) unless otherwise stated in the job posting.

If any applicant is unable to complete an application or respond to a job opening because of a disability, please contact MFS at 617-954-5000 or email [email protected] for assistance. 

MFS is an Equal Opportunity Employer and it is our policy to not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, genetic information, disability, veteran status, or any other status protected by federal, state or local laws. Employees and applicants of MFS will not be subject to harassment on the basis of their status. Additionally, retaliation, including intimidation, threats, or coercion, because an employee or applicant has objected to discrimination, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any Federal, State, or local EEO law is prohibited. Please see the Know Your Rights: Workplace Discrimination is Illegal document, linked for your reference.