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WhiteCap Search · 2 weeks ago

Operations Associate / Market Data Manager - Hedge Fund

Manhattan, NY

Full-time

Onsite

Senior Level

$125K/yr - $175K/yr

6+ years exp

WhiteCap Search is representing a successful quantitative hedge fund seeking an Operations Associate or Market Data Manager to oversee the firm’s market data infrastructure. The role involves managing vendor relationships, negotiating contracts, ensuring compliance, and supporting investment and trading teams with reliable access to market data.

Professional ServicesRecruitingStaffing Agency

Responsibilities

Manage vendor relationships and strategy with key data providers (e.g., Bloomberg, Refinitiv, ICE, FactSet, S&P)

Negotiate contracts, renewals, and licensing to ensure favorable pricing and usage rights

Identify and evaluate new data sources to support alpha generation, risk management, and operational efficiency

Oversee compliance with data usage policies, SLAs, and contractual obligations across the firm

Develop and manage the market data budget, conducting cost-benefit analyses to optimize spend

Collaborate with investment, technology, and compliance teams to align data strategy with firm objectives

Drive automation and process improvements in data tracking, entitlement management, and cost reporting

Qualification

Market data managementVendor managementData integrationMarket data licensingCompliance knowledgeBudget managementContract negotiationTechnical literacyAsset class familiarityAdvanced degreeCertifications