Market Data Relationship Manager VP

Employer
BlackRock
Location
New York, USA
Salary
Competitive
Posted
May 21, 2022
Closes
Jun 05, 2022
Ref
14994023
Job Function
Banking
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Description

About this role

Vice President, Market Data Provider Relationship Management

At BlackRock, our smartest investment is you. We are a global investment manager helping more and more people experience financial well-being. BlackRock's business is investing on behalf of our clients, from large institutions to parents, grandparents, doctors and teachers who entrust their savings to us. We are committed to our clients - period. Our promise is to offer them the clearest thinking about what to do with their money and the products and services they need to secure a better financial future.

That's why investors of all kinds have made us the world's largest asset manager, entrusting us with trillions of dollars, and it's also why companies, institutions and global governments come to us for help meeting their biggest financial challenges.

About Index & Data Solutions (IDS)

The Index & Data Solutions team (IDS) is responsible for sourcing the index and market data that support the firm's flagship investment and risk management products and services as well as managing the relevant commercial relationships, focusing on fostering & maintaining strong partnerships with the largest and most strategic index and data providers. To do this well, IDS also works closely with key internal business stakeholders to ensure we maintain strong alignment on business strategy and partner effectively to resolve challenges.

IDS is comprised of three functions: Relationship Management, Operations and COO & Governance. The team is looking for a Vice President to join the Relationship Management function who will contribute meaningfully to managing the relationships with our core strategic data providers and be responsible for developing a robust vendor risk and performance management program. The best candidate for this role will understand the importance of our firm's culture & principles in driving execution, and how to "connect the dots" across businesses & functions across the firm to achieve the best commercial outcomes with high vendor partnership and accountability.

Key Responsibilities:
  • Developing and leading the IDS Vendor Risk and Performance Management program.
  • Serving as an advisor to business units in the development of data strategies and as a partner in addressing questions and resolving issues surrounding index and market data.
  • Developing constructive relationships with our key index and data providers by building mutually beneficial commercial engagements.
  • Partnering closely with our Legal team and senior management to ensure contracts with our index and market data providers include favorable terms at the lowest risk and optimal cost.
  • Holding index and market data providers accountable for service delivery according to agreed expectations
  • Negotiating and driving to conclusion the market data contract process with vendors ensuring relevant business needs are covered and fees are clearly documented
  • Monitoring upcoming contract renewals and expirations
  • Providing guidance regarding vendor invoicing & other questions and issues

Required Education and Skills:
  • Bachelor's degree preferably in finance, business, economics or related area
  • Minimum of 5 years of provider relationship management & contracting experience

Preferred Education and Skills:
  • Knowledge of the financial services industry
  • Experience in commercial negotiations, data licensing and provider partnerships
  • Deep understanding of the market data/index and portfolio risk landscape and providers
  • Experience with pricing, ratings and other core data vendors
  • Knowledge of vendor risk management frameworks, processes and tools


Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children's educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment - the one we make in our employees. It's why we're dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.

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