Market Data Risk Applications Analyst / Third-Party Risk

Market Data Risk Applications Analyst / Third-Party Risk

Location: Jersey City, NJ Hybrid
Duration: 12+ Month Contract
Interview: Video
Experience: 3 6+ Years
Industry: Capital Markets / Banking / Securities

Job Overview

We are seeking a Market Data Risk Applications Analyst / Consultant with recent hands-on experience supporting Market Data Risk and Third-Party Risk initiatives within a Capital Markets, Banking, or Securities environment.

The consultant will act as a key liaison between Procurement, IT Risk, business stakeholders, and external market data vendors, with responsibility for managing application risk items, tracking risk SLAs, supporting third-party risk processes, and ensuring compliance with corporate security policies and internal workflows.

Candidates with backgrounds in Market Data Application Analysis, Market Data Risk, Third-Party Risk, or Project Management may be considered, provided they have recent experience managing Market Data Risk initiatives within Capital Markets.

Key Responsibilities

• Manage and monitor Market Data application risk items and ensure open risk SLAs are addressed within required timelines.

• Partner with IT Risk teams to ensure market data applications comply with corporate security policies, controls, and risk requirements.

• Serve as a key liaison between Procurement, IT Risk, business stakeholders, and external market data vendors.

• Support Third-Party Risk Management (TPRM) activities, including vendor risk assessments, compliance reviews, remediation activities, and corporate workflows.

• Manage relationships with major market data vendors and coordinate issue resolution, renewals, approvals, and service requests.

• Support procurement processes, including vendor onboarding, contract renewals, compliance assessments, and internal approvals.

• Collaborate with Trading, Risk, Technology, Procurement, and Finance teams within a Capital Markets environment.

• Track and report risk items, SLA compliance, remediation status, dependencies, and vendor performance.

• Support the onboarding and integration of new market data services and applications.

• Troubleshoot or coordinate the resolution of market data application issues involving connectivity, latency, entitlements, access, and vendor services.

• Ensure timely communication and escalation of critical risks, issues, and dependencies to relevant stakeholders.

• Maintain accurate documentation and status reporting for risk, vendor, and market data initiatives.