Market Data - Vendor Relationship Manager - Associate - Toronto Toronto • • Associate

Goldman Sachs Bank AG; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A global financial institution in Toronto is looking for a professional to join their Vendor Data Products team. The role involves negotiating vendor contracts and managing relationships with third-party data providers. Candidates should have experience in vendor management and strong problem-solving skills. This position offers a collaborative work environment with opportunities for strategic projects and relationship building across business divisions.

Benefits

Healthcare & Medical Insurance

Competitive vacation policies

On-site fitness centers

Child care centers

Financial wellness programs

Qualifications

• Experience in vendor management or data licensing.
• Ability to engage with senior stakeholders confidently.
• Track-record of meeting timelines in a fast-paced environment.

Responsibilities

• Negotiate data licensing and commercial terms with vendors.
• Coordinate with internal sponsors on data requirements.
• Maintain the firm's reputation with suppliers.

Skills

Vendor management

Data licensing

Business analysis

Vendor negotiation

Project management

Stakeholder engagement

Tools

Jira

MDSL MDM inventory system

Job description

Overview

The VENDOR DATA PRODUCTS team at Goldman Sachs delivers analytics, pricing and reference data, both real-time and historical reflecting all major markets and financial instruments to our internal and external clients.

The Vendor Data Products Vendor Management sub-team is responsible for negotiating all data licensing and commercial terms with third party vendors. The team coordinates directly with internal business sponsors on data requirements as well as legal counsel, Technology Risk, Compliance and the Vendor Management Office - to ensure vendor solutions meet firm policies and standards. The role provides the opportunity to identify cost saving opportunities and build strong relationships with all divisions in the Firm while supporting strategic projects.

Why join the team?

• We are a collaborative and global team responsible for over 400 vendor relationships
• Opportunity to work closely with business stakeholders across all areas of the Goldman Sachs business to understand client requirements and support strategic projects
• We are at the forefront of driving industry change in digital rights and are building a Digital Rights Management (DRM) platform to revolutionize data licensing
• Exposure to a broad array of products as well as many different aspects of the business since market data is a critical enabler for our businesses
• As the primary representative for Firm, you will be accountable for maintaining the Firm’s reputation with our suppliers
• Ownership of high profile vendor relationships for new contract negotiations, renewals and all other vendor oversight activities
• You will thrive in a work environment that requires strong problem solving skills and independent self-direction, coupled with an aptitude for team collaboration and open communication

Basic Qualifications / Experience

• Vendor management, data licensing and / or business analysis experience
• General understanding of market data licensing terms
• Highly motivated individuals who enjoy fast-paced environments and have a track-record of meeting agreed timelines
• Strong experience in vendor negotiation and relationship management
• Senior stakeholders engagement; ability to confidently communicate with and influence
• Some project management experience; ability to contribute to large scale global initiatives

Preferred Qualifications

• Market data domain expertise – index, exchange and vendor data
• Experience managing projects in Jira
• Experience of the MDSL MDM inventory system

Benefits

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Read more about the full suite of class-leading benefits our firm has to offer.