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
CME Group: Where Futures are Made
CME Group is the world’s leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it – all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we’re looking for more.
At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone’s perspectives are acknowledged and valued. As an equal opportunity employer, we consider all potential employees without regard to any protected characteristic.
Important Notice: Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process. Learn more here.
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What We Do
As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world’s leading central counterparty clearing provider in the world, which offers clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.
