Senior Procurement Specialist – Market Data Services (MDS)

Black Pearl Consult; Abu Dhabi; On-site; AED 300,000 - 420,000; Full time

Job summary

Black Pearl Consult is seeking a Senior Procurement Specialist Market Data Services (MDS) in Abu Dhabi to lead procurement, licensing renewals and commercial administration for market data subscriptions. You will manage vendor contracts, track spend, and ensure compliance with licensing requirements, while coordinating with Finance, IT and business teams.

The role requires hands-on market data procurement experience, strong negotiation skills and a track record in cost-optimisation within

Qualifications

• Experience in procuring market data services and licensing.
• Strong understanding of market data subscriptions and usage rights.
• Experience managing contracts, renewals and vendor invoices.
• Familiarity with spend management systems and cost-optimisation.

Responsibilities

• Manage procurement of Market Data Services and related products.
• Negotiate pricing and renewal terms with vendors such as Bloomberg, Refinitiv/LSEG, and others.
• Maintain records of subscriptions, costs and contract terms.
• Prepare spend reports and renewal schedules; support budgeting and forecasting.
• Coordinate with Procurement, Finance, IT and business teams.

Skills

Market Data

Vendor management

Procurement

Negotiation

Budgeting

Education

CIPS

Tools

Optimize Spend

Job description

Black Pearl Consult is hiring an Senior Procurement Specialist Market Data Services (MDS) in Abu Dhabi to manage the procurement and commercial administration of Market Data Services including financial-data subscriptions vendor contracts licensing renewals and related expenditure.

Key Responsibilities

• Manage the procurement of Market Data Services and financial-information products.
• Handle vendors such as Bloomberg FactSet Refinitiv/LSEG rating agencies exchanges and similar service providers.
• Manage contracts subscriptions renewals licences and vendor invoices.
• Maintain accurate records of market-data products users costs and contract terms.
• Use Optimize Spend or a similar platform to monitor inventory usage and expenditure.
• Review subscriptions and identify unused duplicated or unnecessary services.
• Negotiate pricing commercial terms and renewal conditions with vendors.
• Support cost-saving and spend-optimisation initiatives.
• Ensure compliance with vendor licensing requirements and contractual obligations.
• Coordinate with Procurement Finance IT and relevant business teams.
• Prepare spend reports renewal schedules and vendor-performance updates.
• Support budgeting and forecasting for market-data expenditure.

Requirements

To be considered for this role you need to meet the following criteria:

• Approximately 810 years of relevant procurement experience.
• Strong hands-on experience in Market Data Services procurement and vendor management.
• Experience managing Bloomberg FactSet Refinitiv/LSEG rating agencies exchanges or similar providers.
• Good understanding of financial-data subscriptions licensing models and usage rights.
• Experience managing contracts renewals vendor invoices and market-data spend.
• Hands-on knowledge of Optimize Spend or a similar MDS inventory and spend-management system.
• Strong commercial negotiation and cost-optimisation skills.
• Previous experience in financial services is strongly preferred.
• CIPS or an equivalent recognised procurement qualification is an advantage.
• Experience working with reputable well-established organisations.
• Stable employment history with good tenure in previous roles.
• Strong communication stakeholder-management and analytical skills.
• Availability to join around the end of January or beginning of February.

Important

Candidates must have direct Market Data Services experience to be considered.

Required Skills

Approximately 810 years of relevant procurement experience. Strong hands-on experience in Market Data Services procurement and vendor management. Experience managing Bloomberg FactSet Refinitiv/LSEG rating agencies exchanges or similar providers. Good understanding of financial-data subscriptions licensing models and usage rights. Experience managing contracts renewals vendor invoices and market-data spend. Hands-on knowledge of Optimize Spend or a similar MDS inventory and spend-management system. Strong commercial negotiation and cost-optimisation skills. Previous experience in financial services is strongly preferred. CIPS or an equivalent recognised procurement qualification is an advantage. Experience working with reputable well-established organisations. Stable employment history with good tenure in previous roles. Strong communication stakeholder-management and analytical skills. Availability to join around the end of January or beginning of February.