Associate, Market Data Services - Relationship Manager

Associate, Market Data Services - Relationship Manager

About this role
The Index and Data Solutions (IDS) team provides relationship management, operations management, and vendor risk management for all index and market data services in use by the firm. The mission of IDS is to deliver the industry expertise, strategic partnership, and timely execution of index and market data solutions that are essential to BlackRock's growth. The team is divided into three key areas:

Relationship Management: Responsible for engaging with key internal partners to ensure consistent alignment with business strategy to provide the best index and market data solutions while optimizing costs and average time to market for new product offerings. The team also develops relationships with key market data and index vendors to track new service offerings and market trends.

Operations Management: Handles requests for new or changed access to services, chargeback reporting, contract administration, market data invoice processing, and general inquiry handling for index and market data services.

Vendor Risk Management: Ensures that initial due diligence is performed for all new vendors and that ongoing performance management is performed regularly to limit risk to the firm while ensuring satisfactory delivery of service by our providers.

What You Will Be Doing

• Partnering with Legal on reviewing/negotiating data agreements to attain preferred business terms for the use of data for the Aladdin business.
• Building and maintaining collaborative working relationships with internal teams to support firmwide business initiatives for the Aladdin business.
• Interpreting and clearly presenting contract requirements to business partners across various backgrounds to achieve operational efficiency and mitigate risk.
• Closely collaborating with the IDS Operations Client Onboarding Services (COS) team to support Aladdin client requirements/questions with respect to market data.
• Staying up to date on regulatory and industry trends impacting BlackRock and communicating trends to business partners.

Experience

• ~2-4 years proven ability in reviewing and/or negotiating market data contracts or similar experience.
• Highly organized with a high level of attention to detail.
• Proficiency in providing insight through the use of data with common data analytics tools such as Microsoft Excel.
• A self-starter with the ability to multi-task and prioritize deadlines optimally.
• Strong collaborator who can work cross-functionally and build strong relationships with internal teams and external vendor partners.
• Excellent written and verbal communication skills.
• Proficiency in MS 365 applications.
• Knowledge of the buy-side, market data industry, and experience with AI is preferred.

Our benefits
To help you stay energized, engaged, and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; and Flexible Time Off (FTO) so you can relax, recharge, and be there for the people you care about.

Our hybrid work model
BlackRock's hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities.

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.

BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation, and other protected characteristics at law.