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Market Data Product Researcher

Market Data Product Researcher

wePlaceJohannesburg, South Africa
18 days ago
Job description

The position plays an important role in the product lifecycle process by gathering and analysing data relating to market trends as well as data consumer needs and testing that against other parties that provided similar data which include specialist data vendors and other exchanges, thereby informing the design of new products and the improvement of products. This role owns the research agenda, with accountability for how insights inform strategic product or commercial decisions. The person will require a sufficient knowledge of data domains, to assist with defining product constructs to fit client demand. With an understanding of the market the person will be involved in product pricing, client testing and product marketing. A keen eye for detail and a methodical approach to collecting insights from various sources, including customer feedback, competitor analysis, and market studies. By synthesising this information, the person plays an instrumental role in shaping product strategies, ensuring that product offerings are well-aligned with consumer expectations and industry shifts. The insights and recommendations provide a foundation for informed decision-making and innovative and appropriate product development.

Minimum Qualification

  • Bachelors degree in fields like Marketing, Business Administration, or a related discipline emphasizing analytical skills, market analysis, and consumer behaviour.
  • Coursework in statistics, research methodologies, and product development is highly beneficial.

Minimum Experience

Minimum 5-7 years experience on the below :

  • Administrative procedures and systems
  • Basic software applications (e.g., MS Dynamics, Outlook, Word, Excel, Access, Internet, Email)
  • Project Management principles
  • Systems involved in data production and distribution
  • Business process management
  • Business analysis principles
  • Client facing research experience
  • Commercial product insight experience
  • Market data industry experience Beneficial
  • KPAs

    Conduct market and competitor research

  • Identify market trends and consumer preferences to determine new product opportunities and current product enhancements.
  • Develop and implement research methodologies and data collection plans to gather reliable and valid data.
  • Analyse competitor products, pricing, and market strategies to benchmark and position new products competitively. Give commercial insight and recommendations to pricing forum.
  • Assess the viability and potential impact of new product ideas using SWOT analysis and other strategic evaluation tools.
  • Add value by being on the lookout for new ways to conduct business and look for opportunities in terms of formats, frequencies, dissemination methodologies to contribute to increased revenue.
  • Use research experience to engage clients using judgement on what elements to probe further to influence product direction and determine priority of products in the pipeline
  • Assess client needs and translate that into new product ideas or improvements to current products

  • Leverage relationships with account officers and other business teams to understand and identify external parties sourcing information like financial institutions, fund managers, member firms and media, both domestic and international.
  • Use all forms of communication to build sustainable relationships with internal and external clients.
  • Understand and document the client needs by conducting needs analysis, to establish their requirements.
  • Understand and incorporate the needs, and challenges of the different Divisions that relate to client facing data products
  • Facilitate focus groups and user testing sessions to gather feedback on product concepts and prototypes.
  • Present new product ideas and current product improvements recommendations

  • Prepare detailed reports and presentations summarising research findings, insights, and recommendations for stakeholders.
  • Embed a research culture and client input into the product lifecycle. Manage the client research workstream and coordinate with Market Data Analysts
  • Ensure that analysis outputs are complete, accurate and insightful so that all proposals and recommendations can be based on solid analysis.
  • Ensure all reports to management and EXCO are fluent, and professional so that they can be clearly understood and so enable high quality decisions to be made.
  • For approved product new product / changed product ideas, translate into high level product requirements for the market product analysts to take further through the Product Lifecyle process to either create prototypes or final products.
  • Should you not receive a response from us within one week of your application, your application has unfortunately not been successful.

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    Researcher • Johannesburg, South Africa

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