Job Summary: The Equity Research Market Data Services Associate is responsible for overseeing all aspects of market data vendor relationships, including vendor selection, negotiation, contract management, compliance, and performance monitoring. This role ensures that the organization has access to high-quality market data services while optimizing costs and managing vendor-related risks.
Key Responsibilities:
Vendor Selection and Evaluation:
- Along with equity research Analysts and Associates, identify potential market data vendors and evaluate their offerings to meet the organization's data requirements.
- Conduct due diligence on prospective vendors, considering factors such as data quality, pricing, reliability, and regulatory compliance.
Contract Negotiation and Management:
- Negotiate vendor contracts, pricing agreements, and service level agreements (SLAs).
- Monitor contract compliance and work with legal and procurement teams to resolve any contractual issues.
Cost Optimization:
- Analyze market data usage and costs to identify opportunities for cost reduction or optimization.
- Negotiate volume discounts and explore alternative data sources when feasible.
Vendor Relationship Management:
- Develop and maintain strong working relationships with market data vendors.
- Serve as the primary point of contact for vendor communications and issue resolution.
Market Data Compliance:
- Ensure that the equity research department complies with regulatory requirements related to market data usage, including reporting and licensing.
- Monitor changes in market data regulations and adjust vendor relationships as needed.
Data Quality Assurance:
- Collaborate with internal teams to ensure the accuracy and integrity of market data.
- Develop processes for data validation and cleansing, if required.
Risk Management:
- Identify and mitigate risks associated with market data vendors, such as data outages or
- contractual disputes.
- Develop contingency plans to ensure business continuity.
Market Research:
- Stay updated on industry trends, new market data sources, and emerging technologies.
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Provide recommendations for adopting new data sources or technologies to gain a
competitive edge.
Qualifications:
- Bachelor's degree in finance, business, or a related field
- Experience in market data management, vendor management, or a related role in the financial industry.
- Good understanding of financial markets, market data providers, and relevant regulations.
- Excellent negotiation and contract management skills.
- Analytical mindset with the ability to interpret data usage and cost patterns.
- Strong communication and interpersonal skills.
- Project management skills for coordinating vendor-related projects.
Primary Location Full Time Salary Range of $100,000 - $120,000.
About UsJefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies, and governments.
At Jefferies, we are committed to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.
Jefferies is committed to creating and sustaining a workforce that welcomes individuals from all backgrounds to apply. Our employment decisions are made without regard to race, creed, color, national origin, ancestry, religion, pregnancy, age, medical condition, physical or mental disability, marital status, domestic partner status, sex, sexual orientation, gender, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by applicable law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodation to individuals with disabilities, as required by applicable law.
The salary offered will take into consideration an individual’s experience level and qualifications. In addition to salary, Jefferies Financial Group is proud to offer a comprehensive benefits package to eligible, full-time employees or part-time employees, who are scheduled to work at least 30 hours or more per week, including an annual discretionary incentive and retention bonus, competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Jefferies also offers paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays, and for full-time employees, paid parental leave.
Skills Required
- Bachelor's degree in finance, business, or a related field
- Experience in market data management, vendor management, or related financial industry role
- Good understanding of financial markets, market data providers, and relevant regulations
- Excellent negotiation and contract management skills
- Analytical mindset with ability to interpret data usage and cost patterns
- Strong communication and interpersonal skills
- Project management skills for coordinating vendor-related projects
Jefferies Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Jefferies and has not been reviewed or approved by Jefferies.
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Strong & Reliable Incentives — Compensation is positioned as competitive with meaningful upside, with potential for significant earnings depending on group performance and strong years. A formulaic, performance-linked bonus model ties payouts to individual fees or P&L, reinforcing a pay-for-results dynamic.
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Parental & Family Support — Family-building support is broad, including primary and non-primary caregiver leave, adoption assistance, subsidized emergency child and eldercare, and a $25,000 stipend for qualified surrogacy, adoption, or fertility support. Added resources like family support programs and parental-leave coaching further strengthen caregiver benefits.
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Wellbeing & Lifestyle Benefits — Lifestyle perks extend beyond standard coverage, including discount programs, commuter benefits, legal plans, charitable matching, and education assistance such as tuition support and scholarships for employees’ family members. Location-specific perks like gym stipends and free cafeteria lunch are also described as available in some offices.
Jefferies Insights
What We Do
Jefferies, the global investment banking firm, has served companies and investors for 60 years. Headquartered in New York, with offices in over 30 cities around the world, the firm provides clients with capital markets and financial advisory services, institutional brokerage and securities research, as well as asset and wealth management. The firm provides research and execution services in equity, fixed income, and foreign exchange markets, as well as a full range of investment banking services including underwriting, mergers and acquisitions, restructuring and recapitalization, and other advisory services, with all businesses operating in the Americas, Europe and Asia. Jefferies Group LLC is a wholly-owned subsidiary of Jefferies Financial Group (NYSE: JEF), a diversified financial services company. More about our company can be found at www.jefferies.com.
