Title:  Analyst, Market Data Services, Global Banking and Markets - Toronto, ON

Requisition ID: 234664

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Global Banking and Markets

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group. 

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! 

We work together to drive ambition for every future!

Purpose
Market Data Services is responsible for maintaining relationships with third-party data vendors and internal partners to ensure business and technology strategies are being met cost effectively while mitigating regulatory, financial, and reputational risks. The candidate will assist in managing a portfolio of existing contracts and new market data requests through all stages of the contract lifecycle, in alignment with relevant bank policies and business and enterprise objectives. Working closely with internal technology partners and business stakeholders to understand data requirements and sourcing for market data services.

What You’ll Do:

• Assist in managing third-party vendor relationships in the category of Market Data (financial news/research, analytics, data and technology).
• Manage timely execution of new engagements and existing contract renewals, working alongside internal business partners and external third-party vendors.
• Coordinate expense approval process within the framework and guidelines established for each business line.
• Maintain effective relationships with internal Scotia partners (Legal, Sourcing, Risk, Technology, etc) and external vendors to ensure business requirements are met, and objectives are aligned.
• Monitor vendor spend while identifying opportunities for cost savings/ avoidances, improving cost effectiveness and managing budgets/ forecasts.
• Understand contractual terms and conditions, and their commercial implications to the business to effectively manage vendor agreements and relationships.
• Develop and retain in-depth knowledge by attending multiple training sessions with various vendors to stay abreast of industry best practices.
• Monitor account usage to ensure compliance so all contracts are being used by the terms of the licenses provided by vendors.
• Facilitate risk mitigation by participating in implementing key controls and the resolution of risk/compliance/ invoicing issues.
• Provide input and review contract changes, prepare business-impact assessment and recommendations.
• Execute defined strategies to reduce costs, manage demand and improve internal controls.
• Participate fully as a team member and contribute to a positive work environment that encourages productivity, professionalism, and teamwork.
• Ensure ongoing communication with the team on the status/progress of projects, issues and points of interest.
• Transfers knowledge and provide guidance to support business objectives.

What You'll Bring:

• 2+ years working in Capital Markets and/or Market Data industry would be an asset.
• Experience in procurement & contract negotiation, specific knowledge of market data contracts would be an asset.
• Ability to successfully work in a fast-paced environment with constant changing conditions.
• Highly organized with the ability to manage multiple ongoing projects at various stages.
• Must have strong relationship building skills and exposure to working with internal and external business partners.
• Must have the ability to communicate in both technical and business terms and managing stakeholder relations.
• Excellent written and verbal communication skills with experience presenting and translating technical concepts into business terms.
• Ability to develop actionable recommendations and implementation plans.
• Experience with negotiations and influencing decisions to obtain desired outcome
• Excellent teamwork skills.
• Self-starter and independent worker.
• Technically adept with attention to detail and the ability to independently perform data investigations, analysis, identify issues and trends and to synthesize information into business terms and recommendations.

#LI-Onsite #GBM2025

Interested?

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

Location(s):  Canada : Ontario : Toronto 

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.