State Street – Market Data Vendor Manager – State Street Global Advisors, Vice President – Boston, MA

Job Description

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Job title: Market Data Vendor Manager – State Street Global Advisors, Vice President

Company: State Street
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Job description: State Street Global Advisors (SSGA) Vendor Management function (VM Team) is seeking to hire a market data strategist and sourcing manager as part of our effort to build out the SSGA VM Team in 2022. The successful candidate will coordinate with SSGA business (e.g., investment, distribution, SDPR ETF, operations) on market data procurement engagements, implement the sourcing roadmap, and effectively managing market vendor relationships. This candidate will report directly to the SSGA Head of Vendor Management and will be part of the team working closely with other State Street stakeholders (e.g., Alpha services, Corp Third Party Risk Management and Procurement office) as a key contributor to set up a robust market data vendor management program with fit-for-purpose and efficient data sourcing, vendor service excellence and continuous cost controls.

As Market Data Vendor Manager, you will be responsible for:

Market Data Vendor Sourcing

• Establish strong relationships with SSGA 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 SSGA and help ensure effective consumption and overall compliance with market data vendor agreements

Procurement Support and Vendor Oversight

• Works with designated Procurement liaison to support and expedite Corp Procurement managed SSGA 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 SSGA 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

These skills will help you succeed in this role

• Hands-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
• 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 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

Education & Preferred Qualifications

• BA/BS Bachelor’s Degree required; law degree and market data contracting experience highly desirable
• 10+ years of experience and broad knowledge in market data space
• Broad knowledge of the asset management industry and business operations
• Experience with managing vendors/partners relationship, negotiating contracts, performing market offering and commercial structure analysis, sourcing vendors, and executing service level scorecard
• Experience in the analysis, design, development, enhancement and implementation of market data vendor solutions will be a great plus

Additional requirements

Flexible work time arrangement including high-frequent work from home (WFH) is allowed dependent on necessity and preference.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.
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Expected salary:

Location: Boston, MA

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