Job Description Summary Job Description
Market Data Procurement Manager
Permanent
Location: Edinburgh (typically 3 days in the office per week, 2 from home)
Closing date: 5th February 2025
Aegon Asset Management is a leading global investor, our employees work from 13 locations across Europe, the Americas and Asia. We advise on assets for a global client base of pension plans, public funds, insurance companies, banks, wealth managers, family offices and foundations. We share a common belief in fundamental, research-driven active management, underpinned by effective risk management and a commitment to responsible investment.
Our people are our greatest asset, and we want Aegon Asset Management to be a place where they can bring their authentic self to work and do all they can to deliver on our strategic promises to our customers.
We help people live their best lives. We help them with the big stuff, for the moments that matter.
We are now looking for a Procurement Manager for Market Data Management to come and join us in Edinburgh, you will report to our Head of Market Data Management and work as part of a small team who support each other and help develop one another.
This is a role where you will look after the procurement of information services and market data from 3rd party vendors and manage supplier relationships with these vendors, including the use of scorecards, KPIs and suchlike. You will also look at the development and delivery of the market data third party strategy, in conjunction with key stakeholders and determine solutions based on a deep understanding of the demand.
This is also a role where you will look after the financial management of the overall Information Services budget for Aegon Asset Management including:
- Procuring and renewing Market Data services required by the business in most cost-effective manner.
- Developing sourcing strategies and category plans.
- Driving cost savings and efficiency improvements.
- Ensure data/service usage and pricing is accurately recorded.
- Maintain an audit trail for all contracts and commercial agreements.
- Ensure commercial terms are accurately recorded on the Contract Management System.
- Manage relationships with market data providers, ensuring service quality and adherence to contractual obligations.
- Conduct regular vendor service reviews including use of a clear vendor scorecard methodology.
- Actively supervise actual system usage to ensure value is acquired and to feed into renewal discussions and regular service reviews.
- Acting as the primary contact across the AAM business for services provided by the vendors within their remit.
- Collaborate with internal stakeholders to understand market data needs and deliver appropriate solutions.
- Identify initiatives which enhance our Investment Toolkit, then deliver on these - taking on Project Management or SME responsibilities.
- Ensuring that the acquisition and use of market data comply with all relevant regulatory requirements.
We’d love to hear from you if you have:
- Experience within a similar procurement role.
- Strong negotiation, Vendor (supplier) management and budget management skills.
- Experience working with legal and commercial aspects of vendor licenses.
- Understanding of financial instruments and international exchanges.
- Positive communication/ facilitation skills.
- Index data knowledge – either on the commercial front or working within index data teams is advantageous, however not essential.
What’s in it for you?
- A competitive salary, depending on the experience you can bring
- A non-contributory pension between 9%-13%
- A discretionary bonus, depending on personal and company performance
- 27 days leave per year (plus bank holidays, pro-rated for part-time)
We also offer private medical cover, life assurance, critical illness cover, enhanced parental leave and a variety of lifestyle benefits to help our staff live their best lives, including retail discount vouchers, cycle2work scheme, subsidised restaurant and online GP appointments.
We serve a diverse, ever-changing world. It's tough, but we work tirelessly to leave things better than we find them. If that sounds like the sort of place you'd like to work, hit the "Apply" button.
The legal bits
We’ll need you to confirm you have the right to work in the UK. If we offer you a job and you accept, there are some checks we need to complete before you can start with us. This will include a credit and criminal record check, as well as providing satisfactory references.
Additional Job Description
Equal Opportunity Employer:
We are an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation or age
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What We Do
We help people achieve a lifetime of financial security and to enjoy a meaningful life – both now and in retirement. Not only do we offer products and services to achieve this but we also focus on financial wellbeing. When we talk about financial wellbeing this is how you feel about the control you have over your financial future – and your relationship with money. It’s about focusing on the things that make their life enjoyable and meaningful – both now and in retirement.
We want you to feel confident and empowered when managing your money and know that it’s possible to improve your situation in some way.
Aegon's products and services range from life, critical illness and disability insurance, to pensions, annuities, long-term savings and investments. We also offer mortgages, and car, household and travel insurance in some markets. In the US, we’re known as Transamerica, one of the best-known names in the North American financial services industry. Globally over 22,000 Aegon employees help almost 30 million customers take responsibility for their financial future.
