Category Lead and Sr Sourcing Manager, MDS

Invesco; Houston (TX); On-site; USD 170,000 - 195,000; Full time

Job summary

Invesco in New York City is seeking a Senior Manager, Market Data Services to lead the strategy, governance, and commercial oversight of the Index, Exchange, and Ratings Data portfolio. You will partner with global investment teams, technology, procurement, legal, and finance to ensure market data solutions are fit-for-purpose, commercially optimized, and compliant with licensing terms.

The role requires leading a team of Market Data Services professionals, driving cost optimization and

Qualifications

• Bachelor’s degree required or equivalent experience.
• Significant experience in Market Data Services.
• Experience managing large-scale market data budgets.
• Leadership experience managing and developing high-performing teams.

Responsibilities

• Own the global Index, Exchange, and Ratings Data portfolio, including strategy, delivery, and commercial oversight.
• Define and execute portfolio roadmaps aligned to investment, risk, operations, and regulatory needs.
• Lead senior vendor relationships with index providers, exchanges, and ratings agencies.
• Source and negotiate enterprise contracts, pricing, licensing terms, and usage rights.
• Manage global market data budgets, forecasting, and financial reporting for assigned data domains.
• Drive cost optimization, vendor rationalization, and value realization initiatives across regions.
• Serve as senior advisor to business stakeholders on data selection, benchmarks, and licensing considerations.
• Ensure compliance with market data governance standards, contractual obligations, and regulatory requirements.
• Oversee market data inventory accuracy, entitlement tracking, and contract lifecycle management.
• Resolve complex vendor billing, audit, and usage disputes.
• Partner with technology teams to onboard, integrate, and distribute index exchange, and ratings data.
• Lead service reviews with investment, trading, passive, and risk teams to ensure data solutions remain fit-for-purpose.
• Manage, coach, and develop a team of Market Data Services professionals.
• Promote standardized processes, documentation, and continuous improvement across the MDS function.

Skills

Strategic thinking

Stakeholder management

Analytical skills

Financial acumen

Decision making

Cross-functional leadership

Education

Bachelor's Degree

Job description

About Invesco

As one of the world’s leading independent global investment firms, Invesco is dedicated to rethinking possibilities for our clients. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world. If you're looking for challenging work, intelligent colleagues, and exposure across a global footprint, come explore your potential at Invesco.

What’s in it for you?

Our people are at the very core of our success. Invesco employees get more out of life through our comprehensive compensation and benefit offerings including:

• Flexible paid time off
• Hybrid work schedule
• 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution
• Health & wellbeing benefits
• Parental Leave benefits
• Employee stock purchase plan

Job Description

The Senior Manager, Market Data Services is a senior leadership role responsible for the strategic management, commercial oversight (sourcing & negotiating), and governance of market data services across the firm. This position has primary accountability for the Index, Exchange, and Ratings Data portfolio, one of the three core pillars within Market Data Services (alongside Real-Time Data and Analytics & Desktop Data).

The role partners closely with global investment teams, technology, procurement, legal, finance, and senior leadership to ensure market data solutions are fit-for-purpose, commercially optimized, compliant with licensing terms, and aligned to business strategy. The Senior Manager leads a team of MDS professionals and plays a key role in shaping the firm’s broader market data strategy, operating model, and vendor ecosystem.

Key Responsibilities / Duties:

• Own the global Index, Exchange, and Ratings Data portfolio, including strategy, delivery, and commercial oversight.
• Define and execute portfolio roadmaps aligned to investment, risk, operations, and regulatory needs.
• Lead senior vendor relationships with index providers, exchanges, and ratings agencies.
• Source and negotiate enterprise contracts, pricing, licensing terms, and usage rights.
• Manage global market data budgets, forecasting, and financial reporting for assigned data domains.
• Drive cost optimization, vendor rationalization, and value realization initiatives across regions.
• Serve as senior advisor to business stakeholders on data selection, benchmarks, and licensing considerations.
• Ensure compliance with market data governance standards, contractual obligations, and regulatory requirements.
• Oversee market data inventory accuracy, entitlement tracking, and contract lifecycle management.
• Resolve complex vendor billing, audit, and usage disputes.
• Partner with technology teams to onboard, integrate, and distribute index exchange, and ratings data.
• Lead service reviews with investment, trading, passive, and risk teams to ensure data solutions remain fit-for-purpose.
• Manage, coach, and develop a team of Market Data Services professionals.
• Promote standardized processes, documentation, and continuous improvement across the MDS function.
• Contribute to enterprise-wide Market Data Services strategy and act as a senior escalation point or delegate for MDS leadership.

Work Experience / Knowledge:

• Significant experience in Market Data Services within asset management, investment management, banking, or financial services.
• Deep practical knowledge of index data, benchmark administration, exchange data, and ratings data, including commercial licensing models.
• Strong understanding of how index and exchange data are used across active, passive, ETF, multi-asset, risk, and operations teams.
• Proven experience managing large-scale market data budgets and complex global vendor relationships.
• Demonstrated leadership experience managing and developing high-performing teams.
• Experience working with market data inventory, entitlement, and contract management systems.
• Strong understanding of market data governance, compliance, and regulatory considerations.
• Experience with other category areas related to Investment Services to include the outsourcing of third-party administrative services.

Skills / Other Personal Attributes Required:

• Strategic thinker with strong commercial and negotiation skills.
• Exceptional stakeholder management and communication capabilities at senior levels.
• Highly analytical with strong financial acumen and attention to detail.
• Confident decision-maker able to balance risk, cost, and business priorities.
• Organized, resilient, and effective in fast-paced, deadline-driven environments.
• Collaborative leadership style with the ability to influence across functions and geographies.

Formal Education:

Bachelor’s Degree Required (or Equivalent Experience).

The salary range for this position in New York City is $170,000 to $195,000 annually. The total compensation offered for this position includes salary and incentive pay and will vary based on skills, experience and location.

Full Time / Part Time:

Full time

Worker Type:

Employee

Job Exempt (Yes / No):

Yes

Workplace Model:

Pursuant to Invesco’s Workplace Policy, employees are expected to comply with the firm’s most current workplace model, which as of October 1, 2025, includes spending at least four full days each week working in an Invesco office. This reflects our belief that spending time together in the office helps us build stronger relationships, collaborate more easily, and support each other’s growth and development.

Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.