Market Data Optimisation - Index Lead (12 Month Fixed Term Contract)

Market Data Optimisation - Index Lead (12 Month Fixed Term Contract)

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This role is a Market Data Optimisation - Index Lead for a 12 month fixed term contract in London, offering a competitive pay rate. Key skills required include vendor management, data compliance, and financial modelling. Experience in asset management or investment banking is essential.

Location: London

Company Overview

Legal & General (L&G) is a leading UK financial services group and major global investor. We are one of the world's largest asset managers, providing powerful asset origination capabilities and responsible investment solutions across public and private markets.

Job Description

We're currently looking to hire a Market Data Optimisation Index Lead to join L&G Asset Management and our Data Operations team on a 12 month Fixed Term Contract. The role is responsible for managing all aspects of index licensing and commercial relationships with index providers across the firm in a BAU capacity.

What you'll be doing

• Lead end to end negotiation and renewal of index licenses including benchmark constituent and derived data agreements.
• Assess commercial models, usage rights and redistribution implications for internal and external use cases.
• Maintain a detailed understanding of index provider fee structures (e.g., AUM based, per fund, or enterprise licenses).
• Support new product development and new business initiatives by gathering all index data requirements and securing appropriate index rights.
• Ensure compliance with benchmark regulations (BMR, IOSCO principles) and internal data governance frameworks.
• Maintain centralised records of all index licences, usage rights and renewal schedules within the Market Data Inventory (MDM/DRM systems).
• Analyse index licence spend, identify duplication and propose rationalisation or enterprise models to optimise total cost of ownership.
• Act as the primary liaison between the firm and major index vendors.

Qualifications

• Previous experience in market data or vendor management within asset management, investment banking or with index providers.
• Proven ability to negotiate complex data contracts and manage high value vendor relationships.
• Familiarity with EU/UK market data regulations and data usage compliance frameworks.
• Excellent stakeholder management and communication skills with the ability to influence at senior levels.
• Strong analytical and financial modelling capability (Excel, Power BI or equivalent).
• Experience with market data inventory and rights management tools (e.g., FITS, MDM, TRG, EDM Council models).
• Understanding of product development and index tracking investment processes (ETF, passive and active).

Benefits

• Participation in annual performance related bonus plan and share schemes.
• Generous pension contribution.
• Life assurance.
• Healthcare plan (permanent employees only).
• At least 25 days holiday plus public holidays (26 days after 2 years); option to buy and sell holiday.
• Competitive family leave.
• Electric car scheme with tax efficient salary sacrifice (permanent employees only).
• Discounts on L&G products and a range of high street stores and online retailers.

Additional Information

At L&G we believe it is possible to generate positive returns while building a better future for all. We foster an inclusive culture, support flexible working options and encourage continuous learning and career development.