Manager - Market Data Compliance & Assurance

Manager - Market Data Compliance

The Audit Manager of Market Data Compliance and Assurance is essential to the global governance of the CME’s commercial market data business. The role will be responsible for the execution of market data audits spanning the CME Group’s diverse customer base to ensure CME Group’s Market Data and Derived Data policies are being adhered to and that use of intellectual property is correctly licensed to and reported by customers globally. The successful candidate will warrant CME Group market data is used in accordance with existing vendor and customer agreements, and grow customer understanding of managing CME Group market data effectively. The role will deploy and develop best practice guidelines in the conduct of customer audits. The successful candidate should have a strong working knowledge of conducting both onsite and remote audits of major financial institutions and information/software vendors.

Principle Accountabilities:

•    Execute a program of customer compliance and auditing to protect CME Group’s intellectual 
        property, minimize revenue leakage and optimize revenue recovery
•    Effectively research and prepare for customer audits, collating all of the appropriate materials 
        to inform the audit visit
•    Communicate with audited firms to clearly articulate expected collaboration, materials 
        required and to manage both expectations and timeframes efficiently. and commercial 
        policy/licensing opportunities
•    Perform on-site market data audits, analyzing all applications and systems related to market 
        data consumption, investigating and analyzing inventory management and permissioning 
        systems to ensure CME has a comprehensive and complete overview of a firm’s market data 
        consumption
•    Provide clear written and verbal insight and analysis of findings to auditee and CME Group internal stakeholders, with analysis of findings and recommendations on future customer compliance focus and any financial liability found
•      Work with and develop relationships with team members, internal CME stakeholders, and 
        external customers on a global basis to promote and support compliance with policies and 
        ensure effective audit processes with minimum disruption to customers

Skills and Software Requirements:

•    Demonstrable experience Market Data audit or Market Data management, with experience of 
        conducting on-site and remote market data audits
•    Strong knowledge of exchange (equities and/or F&O), index provider or information vendor real 
        time, historical and derived data policies
•    Substantial experience in negotiating and settling liabilities resulting from identification of non-
        compliance with data policies
•    Knowledge of data consumer and data vendor firms globally, including (but not limited to) 
        major and niche information vendors, investment banks, online trading platforms, high 
        frequency and proprietary trading firms
•    Development and maintenance of good customer relationships
•    Proven background in analyzing, designing and implementing processes and policies to 
        improve efficiencies and achieve desired objectives with a strong bias towards continuous 
        improvement
•    Financial Information Associate (FIA) certification or CPA welcomed
•    Knowledge of vendor and third party application providers’ products and Market Data Systems 
        management/permissioning systems (LSEG DACS, Bloomberg B-Pipe, 
        etc.)
•    Knowledge of third party market data inventory systems (MDM, INFOmatch, FITS etc.)
•    Advanced Knowledge of Microsoft Office with emphasis on high degree of proficiency in Excel 
        including the use of financial formulas, data analysis and pivot table features is a must.
•    Proficiency in Salesforce helpful