State Street
Financial Services
MarketDataProcurement&Sourcing,VicePresident
Neural analysis suggests this role is
optimal for Mid+ candidates.
“Market Data Procurement & Sourcing, Vice President at State Street. Skills: Market Data Procurement, Sourcing, Negotiation, Contract Management. Prepare, analyze, negotiate and execute market data contracts including commercials and terms and conditions. Partner with businesses, legal and risk organizations to ensure business needs are met, policies and procedures are followed, and risks are identified and mitigated”
What You'll Achieve.
Ensure the businesses have the most cost effective and optimal Market Data products and services to help enable and drive their business strategies; Mitigate risks and realize opportunities; Build resilience and execute day-to-day deliverables at our best
Industry & Context.
Strategic thinker and problem solver
What They're Looking For.
Must Have
Solid experience in sourcing, procurement, vendor management, or commercial negotiations within a financial institution, data provider environment, consulting firm, or other global organization, A detailed level of understanding of the language and structure of contracts with experience in the review, negotiation and drafting of such agreements, Deep understanding of Sourcing process across Global organizations
Nice to Have
Master’s degree and/or Law degree a plus, Market Data experience a plus
What You'll Do.
negotiate and execute market data contracts including commercials and terms and conditions
Partner with businesses
legal and risk organizations to ensure business needs are met
policies and procedures are followed
and risks are identified and mitigated
Understand the Market Data needs of the Business and Corporate Areas (Investment Services
Global Investment Management
Enterprise Risk Management
Source required products and services from optimal vendors at optimal price points
Perform direct negotiations and regularly manage large and complex Market Data agreements
Analyze data to identify opportunities to reduce existing cost base
Work with process partners to mitigate risks and realize opportunities
Solution requests and issues in a timely manner
Perform daily problem solving
negotiate and draft Market Data contracts including commercials and terms and conditions
Partner with legal and business to ensure contracts properly represent negotiated commercial terms as well as usage rights and other terms and conditions
Identify and mitigate any potential risks in contract language
Ensure end-to-end contracting process is completed in a timely manner
Keep all stakeholders informed throughout the procurement lifecycle
Focus on one or several of the market data categories including Pricing
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
Perform all duties in accordance with prescribed regulatory compliance guidelines
How You'll Work.
Team & Collaboration
Partner with the businesses as well as the legal and risk organizations; Use a white glove approach in stakeholder management; Work with process partners; Partner with legal and business; Collaborate with Third Party Risk Management (TPRM) teams; Keep all stakeholders informed throughout the procurement lifecycle
Communication Scope
Excellent written and verbal communication skills
Full Job Description
**Who we are looking for** The Market Data Sourcing Vice President is an important role within State Street’s Global Third Party Management team. This role will help drive the Market Data strategy which is to ensure the businesses have the most cost effective and optimal Market Data products and services to help enable and drive their business strategies. This role will be responsible for preparing, analyzing, negotiating and executing market data contracts including commercials and terms and conditions across one or several market data categories This leader will partner with the businesses as well as the legal and risk organizations to ensure current and future business needs are met, policies and procedures are followed, and risks are identified and mitigated – all in compliance with regulatory guidelines. This role will report into the Sourcing and Category Strategy head of Market Data. The role can be performed in hybrid model (3 days onsite, 2 days remotely) in Krakow or Gdansk. **Why this role is important to us** The team you will be joining plays an important role in the overall success of the organization. Across the globe, our clients rely on us to help them manage risk, respond to challenges, and drive performance and profitability. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day-to-day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for. **What you will be responsible for** Primary Sourcing areas of responsibility include: * Understand the Market Data needs of the Business and Corporate Areas (Investment Services, Global Investment Management, Global Markets, Enterprise Risk Management, Finance) 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
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