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Director Market Data Management

Hybrid
Greater Toronto Area, ON
Senior Level
full_time

Top Benefits

Recognized as one of Canada’s Top Employers
Empowering our employees with the tools to thrive
Resources to ensure physical and mental wellness

About the role

Job Description:

Grade: P9
Referral Level: Level 1
Division: IGM-COD

IGM Financial Inc. is one of Canada's leading diversified wealth and asset management companies with approximately $271 billion in total assets under management. The company provides a broad range of financial planning and investment management services to help more than two million Canadians meet their financial goals**. Its activities are carried out principally through IG Wealth Management and Mackenzie Investments.**

Under IGM Financial’s unique business model based on leading brands and multi-channel distribution strategy is Mackenzie Investments, founded in 1967. Mackenzie Investments is a holistic asset-management partner for thousands of Canadian financial advisors and the investors they support.

At Mackenzie Investments You Can Build Your Career with Confidence.

We have a vision and a strategy that will challenge the way business in this industry is done and help Canadians be successful in the ways that mean the most to them. As part of our team, you will do some of your best work, develop some of your most valuable skills and give back in ways that make a difference in the lives of Canadians. We are proud to be recognized as one of Canada’s Top Employers by Mediacorp Canada Inc. for empowering our employees with the tools to thrive, while also providing resources to ensure physical and mental wellness were put front and centre.

Join an unstoppable team that is embedded in continuous learning, understanding, and knowledge sharing. You will thrive in our supportive environment where you can indulge your curiosity to learn, while receiving the feedback you need to refine your skills and abilities. We are dedicated to offering a hybrid work environment when applicable.

Mackenzie Investments is a diverse workplace committed to doing business inclusively - this starts with having a representative workforce! We encourage applications from all qualified candidates that represent the diversity present across Canada – including racialized persons, women, Indigenous persons, persons with disabilities, 2SLGBTQIA+ community, gender diverse and neurodiverse individuals, as well as all who may contribute to the further diversification of ideas.

Position

Reporting to the AVP Procurement Services, the Director Market Data Management is responsible for leading the Market Data Management Team in developing and executing market data strategies and driving cost-saving initiatives across the organization. The ideal candidate should have a deep understanding of market data management practices (incl. vendors in the marketplace), strong leadership skills and experience with TRG Screen.

Responsibilities:

  • Facilitate development of IGM’s market data strategy
  • Explore innovative industry solutions to reduce market data consumption
  • Lead a team of Market Data professionals in providing market data vendor management, strategy & governance and sourcing related activities to meet stakeholder objectives
  • Work with market data consumers across the enterprise to understand needs and identify opportunities to manage demand and reduce duplication
  • Identify duplicative data sources and options to reuse data to avoid redundant queries
  • Review usage of niche providers that can be moved to a more ubiquitous firm to drive scale and cost efficiencies
  • Look for ways to maximize what we have (i.e. manage the value we get)
  • Make connections across IGM user groups (i.e. best practices; one group to provide the data to other groups) to optimize enterprise spend
  • Analyze and drive insights from TRG Screen market data subscription management platform
  • Provide transparent management level reporting by department and vendors (usage, spend, etc.)
  • Understand and enforce procurement and contracting processes and policies, adopt usage of the procurement platform for supplier management and contract activities
  • Work with Finance on appropriate allocation of costs to drive transparency and decision-making (non-market-data items should be moved to other cost centers)
  • Develop data-related reporting/dashboards to use in making informed decisions to optimize usage, renew contracts, and promote cost efficiencies
  • Inform impacted users of changes to a given service
  • Collaborate with Strategic Sourcing on supplier selection processes when required and consult, as required, on strategies for upcoming contract renewals
  • Assess compliance with licensing agreements by conducting regular audits and provide advice for third-party initiated audits
  • Facilitate the monthly Market Data Council meeting

Requirements:

  • University degree in Business Management (BBA, BComm, MBA) or finance
  • Minimum 15 years of work experience (ideally within the financial services industry) with at least 5 years of related market data management experience with a focus on strategy and cost reduction
  • Experienced people leader who can effectively coach and mentor a team, set appropriate annual targets and drive results
  • Able to hold conversations with executives, build relationships at all levels and “stir the pot” to encourage stakeholders to think differently
  • Understands requirements of front and back offices, and the appropriate market solutions
  • Strong proficiency in service subscription inventory systems (preferably TRG Screen)
  • Successfully navigate ambiguity and varying management styles
  • Strong organizational skills, proactive, self-starter with a sense of accountability
  • Able to multi-task and independently prioritize tasks
  • Detail oriented with strong analytical skills, ready to analyze complex data, identify trends and make data-driven recommendations
  • Excellent written/oral communication skills
  • Advanced knowledge of Microsoft Office applications (Advanced Excel & PowerPoint)

Please visit our career page by clicking on the following link: https://www.mackenzieinvestments.com/en/careers

We thank all applicants for their interest in Mackenzie Investments; however, only those candidates selected for an interview will be contacted.

Mackenzie Investments is an accessible employer committed to providing a barrier free recruitment experience. If you require an accommodation or this information in an alternate format at any stage of the recruitment process, please reach out to the Talent Acquisition team who will work with you to meet your needs.

Please apply by August 8, 2025.

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About Mackenzie Investments

Investment Management
1001-5000

Mackenzie Investments is a leading investment management firm providing investment advisory and related services to retail and institutional clients.

Mackenzie’s heritage is one marked by innovation and thought leadership driven by expertise in asset management that creates financial success for investors.

Today, we are building on that legacy with determined energy, forward thinking and innovative, timely ideas. Our progress is fueled by leading minds recruited from world-class institutions.

With top talent, the stability of strong ownership, and an unwavering commitment to investor success, Mackenzie builds confidence in a changing world.