Index Market Data Analyst

Company Description

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

Our global asset management business provides our clients and partners with complex, responsible investment solutions, working internationally across public and private markets.

We are one of Europe’s largest asset managers and a major global investor across public and private markets.

Asset Management is a critical driver of our Group strategy. The business aims to work synergistically with our Institutional Retirement and Retail divisions tobenefitour clients and customers, and deliver enhanced shareholder returns.

Our investment philosophy and processes are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can create value and drive positive change.

We’re currently looking to hire a Index Market Data Analyst to join L&G Asset Management and our Data Operations team on a 12 month Fixed Term Contract.

The Index Market Data Analyst ensures that the organisation’s use of benchmark and index data is compliant, cost-effective, and aligned with business strategy.

The analyst will be the primary contact in dealing with all index Market Data related queries that are raised from across the organisation. They will partner with investment, product, legal, and procurement teams to review contracts, rationalise index spend, and support new product launches and regulatory obligations (e.g., EU & UK BMR).

• Reviewing contract agreements to ensure both existing, and new business requirements for index data usage are compliant
• Maintaining a detailed understanding of index provider fee structures (e.g., AUM-based, per-fund, or enterprise licenses)
• Supporting new product development and new business initiatives by gathering all index data requirements and securing appropriate index rights
• Ensuring compliance with benchmark regulations (BMR, IOSCO principles) and internal data governance frameworks
• Partnering with Legal, Compliance, and Procurement to align contractual terms with organisational policies and regulatory expectations
• Maintaining centralised records of all index licenses, usage rights, and renewal schedules within the Market Data Inventory (MDM/DRM systems)
• Analysing index license spend, identify duplication, and propose rationalisation or enterprise models to optimise total cost of ownership
• Acting as primary liaison between the firm and major index Vendors

• You’ll have previous experience in market data or vendor management within asset management or investment banking or index providers
• Familiarity with EU/UK market data regulations and data-usage compliance frameworks
• Excellent stakeholder-management and communication skills with the ability to influence at senior levels
• Strong analytical and financial-modelling capability (Excel, Power BI, or equivalent)
• Experience with market-data inventory and rights-management tools (e.g., FITS, MDM, TRG, or EDM Council models)
• Understanding of product development and index-tracking investment processes (ETF, passive, and active)

• The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare Plan (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary…