Market Data Procurement & Sourcing, VP
State Street
full-time
Posted on:
Location Type: Office
Location: Stamford • Connecticut • United States
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Salary
💰 $120,000 - $202,500 per year
Job Level
About the role
- Understand the market data needs of the Business and source the required products and services from the optimal vendors at optimal price points
- Perform direct negotiations and regularly manage large and complex market data agreements
- Review, negotiate and redline market data contracts including commercials and terms and conditions
- Identify and mitigate any potential risks in contract language
- Solution requests and issues timely, and perform daily problem solving
- Analyze data to identify opportunities to reduce existing cost base
- Interact with internal senior stakeholders on a daily basis keeping them informed throughout the procurement lifecycle
- Collaborate with Third Party Risk Management (TPRM) teams to support appropriate policies and ensure procedures are followed and used consistently throughout the acquisition process to identify and mitigate 3rd party risk
- Through the correct demonstrated behaviors help lead other team members in performing their tasks to the exacting high standards required
- Performing all duties in accordance with prescribed regulatory compliance guidelines
Requirements
- 8 years sourcing experience in Market Data procurement/sourcing position required
- Bachelor’s Degree; Law degree a plus
- A detailed level of understanding of the language and structure of market data contracts with experience in the review, negotiation and drafting of such agreements
- A strong understanding of market data pricing models, metrics, etc. with the ability to suggest sourcing and contracting alternatives
- Expertise should include experience in all market data subcategories (pricing, reference, index, etc.) and experience working with major market data suppliers.
- Direct experience working with index market data preferred.
- Ability to demonstrate a strategic approach to tackling spend across the entire category
- Proven self-starter who can work independently and within a team while effectively managing multiple priorities
- Personal resilience to working within an extremely fast-paced, ambiguous environment
- Strong strategic thinker and problem solver with attention to detail
- Excellent written and verbal communication skills
Benefits
- Generous medical care
- Insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
- Retirement savings plan (401K) with company match
- Paid-time off including vacation, sick leave, short term disability, and family care responsibilities
- Access to our Employee Assistance Program
- Incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans)
- Eligibility for certain tax advantaged savings plans
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
market data procurementcontract negotiationcontract draftingmarket data pricing modelsdata analysisrisk mitigationsourcing strategiesthird party risk managementproblem solvingstrategic thinking
Soft Skills
communicationteam leadershipindependenceattention to detailpersonal resiliencecollaborationstakeholder managementtime managementadaptabilityself-starter
Certifications
Bachelor's DegreeLaw degree