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Market Data Vendor Manager - State Street Global Advisors, Vice President

Full-time 6 views
Company State Street Corporation. Location Boston, MA, United States



Min 10 yrs required



Aug 25, 2022

Dec 08, 2022

Jun 16, 2022


Market Data Vendor Manager - State Street Global Advisors, Vice President
Duties: The candidate will establish strong relationships with the firm business partners, evaluate business/system/data requirements and underlying processes/ interfaces/technologies, and transform business data requirements to vendor offering and sourcing needs. Work with business stakeholders to develop and implement vendor strategic plans, provide thought leadership, and both consultative and execution support across the life cycle of vendor market data procurement for a wide variety of market vendor engagements, while identifying and realizing cost-saving opportunities (e.g., perform demand analysis, assess vendor offering, identify sourcing strategy, handle all aspects of the contracting negotiation and execution). Manage market data contracting process end to end including demand analysis, vendor offering, draft and review contract negotiation terms, and identify and realize cost-saving opportunities. Maintain knowledge of new and existing vendor products, emerging trends, understand how vendor’s products are used across the SSGA organization, and promote the effective use of market data. Help enforce market data governance through the education of data usage within the firm and help ensure effective consumption and overall compliance with market data vendor agreements. Work with designated Procurement liaison to support and expedite Corp Procurement managed the firm market data engagements in flight, and monitor engagement status/issues to support timely execution. Develop deep knowledge of State Street procurement standards and processes and help further streamline vendor onboarding and contracting process in line with the State Street operating model. Serve as the market data vendor procurement SME and the escalation contact for the firm business to address business inquiries and facilitate new procurement engagements. Proactively manage market data vendor relationship and implement robust vendor oversight program, include monitoring of SSGA critical market data vendors, managing vendor relationship and vendor risks, drive service improvement, and achieve vendor products and cost optimization, under the State Street Third Party Management Office’s vendor management requirements and standards. Hand-on working in a fast-paced and ambiguous environment, results-driven with a passion to learn. Self-starter, able to work both independently and as part of a team; ability to prioritize and deliver multiple initiatives simultaneously and deal with surprises while maintaining flexibility and integrity. Structured thinker and effective communicator with the ability to crisply articulate complex concepts.

Qualification and Experience

Qualifications: The candidate should preferably have a BA/BS Bachelor's Degree required; a law degree and market data contracting experience. Should have 10+ years of experience and broad knowledge in the market data space. Broad knowledge of the asset management industry and business operations. Experience with managing vendors/partners relationships, negotiating contracts, performing market offering and commercial structure analysis, sourcing vendors, and executing service level scorecards. Experience in the analysis, design, development, enhancement, and implementation of market data vendor solutions will be a great plus. Analytical, problem-solving, and decision-making skills in a large matrix reporting organization. Strong business-focused and stakeholder management skills to influence, build consensus diplomatically and develop an effective relationship with senior-level business partners; demonstrates leadership skills in working with others who may not have a direct reporting line into the group.

Additional info

Job ID: R-700697

Company info

Hiring Coordinator
State Street Corporation.
1 Lincoln St
Boston, MA 2111

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