Alveo-Market Data Business Analyst

Job Title: Market Data Business Analyst Location: London, UK Work Mode: Hybrid (2–3 days onsite) Role Overview We are seeking an experienced Market Data Business Analyst to support the management, optimisation, and governance of market data services across the organisation. The role will work closely with Front Office, Risk, Finance, IT, and Market Data Vendors to ensure accurate, compliant, and cost-effective delivery of market data solutions. The ideal candidate will have strong domain knowledge of financial markets, hands-on experience with market data platforms, and excellent stakeholder management skills. Key Responsibilities Gather, analyse, and document business requirements related to market data usage, sourcing, distribution, and entitlement Act as a liaison between business users, technology teams, and external market data vendors Support market data onboarding, vendor integration, and platform migrations Analyse market data consumption to support cost optimisation, licensing compliance, and vendor rationalisation Work on data quality, data lineage, and data governance initiatives Define and maintain business process flows, functional specifications, and data models Support regulatory and audit requirements related to market data (e.g. MiFID II, data controls, usage reporting) Assist with UAT planning and execution for market data related changes Provide impact analysis for new instruments, exchanges, or vendor services Required Skills & Experience Market Data & Domain Knowledge Strong understanding of financial instruments (Equities, FX, Fixed Income, Derivatives) Hands-on experience with market data vendors such as: Bloomberg Refinitiv (Reuters) ICE, CME, LSEG, Markit, or similar Knowledge of market data licensing, entitlements, and redistribution models Business Analysis Skills Proven experience as a Business Analyst in banking or financial services Strong skills in: Requirements elicitation Functional & non-functional documentation Process mapping (AS-IS / TO-BE) Gap analysis Experience working in Agile and/or Waterfall delivery models Technical & Data Skills Understanding of data flows, feeds, APIs, and reference data Experience working with market data platforms and internal distribution systems Basic SQL or data analysis skills (nice to have) Familiarity with data governance and control frameworks