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Market Data Analyst

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BP

15d ago

  • Job
    Full-time
    Mid & Senior Level
  • Data
    Business, Operations & Strategy
  • London

AI generated summary

  • You need business analysis experience, strong market knowledge, excellent communication skills, compliance understanding, analytical abilities, global strategy implementation, and teamwork.
  • You will review product requests, analyze market data, optimize costs, manage vendor relationships, and ensure data compliance while liaising with business users and presenting financials.

Requirements

  • Business Analysis experience within Market Data preferred
  • Demonstrable commercial experience
  • Ability to lead global business use of market data and define, implement and deliver global market data compliance strategy
  • Display consistent track record of liaising with colleagues at all levels across IT and the Business.
  • Possess excellent product and market knowledge.
  • Strong written and verbal communications skills.
  • Ability to articulate and negotiate priorities with business users and IT teams, as well as with vendors
  • Strong analytical & problem solving skills.
  • Self-motivated, enthusiastic and proven rapid learning capability
  • Excellent teamwork skills
  • Full understanding of the regulatory and compliance requirements for Market Data
  • Strong focus on continuous strategic implementation and delivery, stakeholder and vendor management.
  • Understand the use and constraints of AI relating to Market Data

Responsibilities

  • Review of product/service requests from the business to ensure suitability, consistency and cost effectiveness.
  • Data sourcing recommendations
  • Analysis of Market Data Pricing & Reference data-feeds, processes and enterprise data management
  • Understanding of data challenges: global differences, cross asset vendor identifiers, legal entity data, file formats, usage rights and compliance.
  • Analysis and updates with respect to Rights Policies pertaining to Exchanges/Trading Venues.
  • Create strong Business and vendor partnerships
  • Onsite visits across the BP Group liaising with all business users
  • Providing data cost optimization for users on demand to assist in cost management challenges
  • Full understanding of realtime and non-realtime market data systems, services and data.
  • Entitlements and permissioning systems knowledge
  • Appreciation of technical delivery systems used for Market Data, both real time and non-real time.
  • Product comparative/gap analysis
  • Product and service knowledge of all the major Market Data vendors
  • Experience of presenting MD financials/spend and reporting
  • You will partner across all levels of seniority within the BP Group to deliver value and consistency
  • Understanding of all execution platforms related to Commodities Trading

FAQs

What is the role of a Market Data Analyst at bp?

The Market Data Analyst will deliver comprehensive business analysis across all aspects of market data, focusing on understanding business requirements, optimizing data processes, and supporting strategic initiatives to ensure accurate and cost-effective market data solutions.

What are the key responsibilities of the Market Data Analyst?

Key responsibilities include reviewing product/service requests, making data sourcing recommendations, analyzing market data pricing, addressing data challenges, creating business and vendor partnerships, and providing data cost optimization.

What qualifications are required for this role?

Essential qualifications include business analysis experience within market data, strong commercial experience, excellent communication skills, strong analytical problem-solving skills, and an understanding of regulatory and compliance requirements for market data.

Is experience with market data vendors necessary for this role?

Yes, experience and knowledge of product and service offerings from major market data vendors is important for this role.

What should candidates understand about the regulatory requirements for market data?

Candidates must have a full understanding of the regulatory and compliance requirements associated with market data, as this is crucial for ensuring adherence while delivering solutions.

Will the Market Data Analyst work across all levels of seniority within the BP Group?

Yes, the Market Data Analyst will partner at all seniority levels within the BP Group to deliver value and ensure consistency.

Is knowledge of AI relevant to the Market Data Analyst role?

Yes, an understanding of the use and constraints of AI relating to market data is important for this position.

What type of company culture does bp promote?

bp promotes an open and inclusive culture that values diversity, encourages learning and development, and provides a great work-life balance for employees.

Are there flexible working options available for this position?

Yes, bp offers flexible working options as part of its commitment to supporting employees' work-life integration.

What benefits are included for employees at bp?

Benefits include life and health insurance, a medical care package, flexible working options, collaboration spaces in a modern office environment, and a commitment to diversity and inclusion.

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BP

Reimagining energy for people and our planet

Energy
Industry
10,001+
Employees
1909
Founded Year

Mission & Purpose

The world is changing fast and our industry is changing with it. The energy mix is shifting towards lower carbon sources, driven by technological advances and growing environmental concerns. In bp, we will help drive this transition - and our business will be transformed by it. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.

Benefits

  • Health Insurance

  • Dental Insurance

  • Accidental Death & Dismemberment Insurance

  • Disability Insurance

  • Vision Insurance