Vice President, Market Data Procurement & Sourcing

Role Overview

• 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
• Use a white glove approach in stakeholder management to provide advice and guidance within Market Data sourcing
• 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 and perform daily problem solving
• Review, negotiate and draft Market Data contracts including commercials and terms and conditions
• Partner with legal and business to ensure that 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 will be on one or several of the market data categories including Pricing, Reference Data, Index Data, Desktop terminals, Exchanges, and Research/News
• 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

Requirements

• Solid experience in sourcing, procurement, vendor management, or commercial negotiations within a financial institution, data provider environment, consulting firm, or other global organization
• Bachelor's Degree. A Master’s degree and/or Law degree a plus
• A detailed level of understanding of the language and structure of contracts with experience in the review, negotiation and drafting of such agreements.
• Market Data experience a plus
• Deep understanding of Sourcing process across Global organizations

Benefits

• Permanent contract from day one
• Additional holidays (Birthday Day Off, 3rd and 5th year anniversary Day Off)
• Gold Medical Package for employees and their families (partner and children)
• Premium life insurance package and private pension plan
• Wide range of soft skills training, technical workshops, language classes and development programs
• Opportunities to volunteer your time to company-driven initiatives, employee networks or organizations of your choice
• Variety of well-being programs