Wealthsimple is hiring a
Market Data and Brokerage Vendor Specialist, Remote - Canada

Summary

Wealthsimple is seeking a Market Data and Brokerage Vendor Specialist to manage vendor relationships, contracts, compliance, budgeting, client relations, process improvement, and operational support. The ideal candidate should have expertise in vendor management, contract negotiation, market data budgeting, exchange compliance knowledge, data analytics, project management, communication, relationship building, problem-solving, and technical proficiency.

Requirements

• Vendor Management: Expertise in managing relationships specifically with market data vendors, including exchanges, data distributors, and research providers
• Contract Negotiation: Strong ability to negotiate contracts with market data vendors and exchanges, understand key terms, and manage renewals to ensure favorable terms and compliance
• Market Data Budgeting: Proficiency in budgeting and financial management specific to market data services, including invoice management and financial forecasting
• Exchange Compliance Knowledge: Deep understanding of exchange agreements, reporting requirements, and regulatory landscapes to ensure full compliance with market data regulations
• Data Analytics: Strong capability in data analytics focused on market data to analyze quality, usage, audit invoices, and extract actionable insights for performance improvements and strategic decision-making
• Project Management: Experience in managing and executing projects related to market data implementation, process improvement, and new system integration
• Communication: Excellent verbal and written communication skills to effectively liaise with internal stakeholders, market data vendors, and exchange representatives
• Relationship Building: Ability to build and maintain strong working relationships with market data vendors, exchanges, and internal teams to ensure seamless operations and collaboration
• Problem-Solving: Strong problem-solving skills to address issues related to market data services, exchange compliance, and operational inefficiencies
• Technical Proficiency: Familiarity with order management systems, market data platforms, and tools used by exchanges and vendors to effectively manage and optimize market data operations

Responsibilities

• Vendor Management: Establish and maintain a comprehensive inventory of market data and brokerage vendors
• Contract and Invoice Management: Oversee the entire lifecycle of vendor contracts, ensure timely renewals, and manage invoice approvals and accuracy
• Compliance and Reporting: Develop and implement an annual audit process to ensure compliance with exchange agreements and reporting requirements
• Budget Oversight: Own and maintain the market data budget, contributing to process improvements, cost efficiency and standardization initiatives
• Client and Vendor Relations: Build strong working relationships with internal stakeholders and external vendors, ensuring service delivery aligns with client expectations and SLAs are met
• Process Improvement: Lead initiatives to enhance the efficiency and effectiveness of market data management, including creating and maintaining documentation, and contributing to strategic projects and regulatory commentary
• Operational Support: Manage other brokerage vendor relationships as needed, including investment research, platform licenses, and operations tooling

Benefits

• Competitive salary
• Top-tier health benefits and life insurance
• Retirement savings matching plan using Wealthsimple Work
• 20 vacation days per year
• Unlimited sick and mental health days
• Up to $1,500 per year towards wellness and professional development budgets respectively
• 90 days away program: Employees can work internationally in eligible countries for up to 90 days per calendar year
• A wide variety of peer and company-led Employee Resource Groups (ie. Rainbow, Women of Wealthsimple, Black @ WS)
• Company-wide wellness days off scheduled throughout the year