Global Market Data Strategy & Sourcing MD

State Street; Stamford (CT); On-site; USD 170,000 - 253,000; Full time

Benefits offered by this job

Diversity of opportunities across a...

Leadership career pathway

International operating environment

Soft skills trainings

Technical workshops

Employee savings plan

Premium life insurance package

VIP medical package

Additional holiday entitlement

Job summary

State Street seeks a Market Data Sourcing and Strategy Leader (Managing Director) to drive cost-effective Market Data products and services globally. You will lead a team, negotiate contracts, and align with legal and risk partners to meet business needs.

You will partner with diverse business lines to anticipate requirements, optimize spend, and manage end-to-end procurement while ensuring regulatory compliance and strong governance.

Qualifications

• Bachelor’s Degree. A Master’s degree and/or Law degree a plus.
• 10+ year proven experience managing high performing global teams
• A smart, challenging and energetic leader, with a passion and deep understanding of Sourcing and Category Strategy across Global organizations.
• A detailed level of understanding of the language and structure of contracts with experience in the review, negotiation and drafting of such agreements. Market Data experience a plus.
• High intellect, decisiveness and the drive and flexibility to operate in a constant changing environment.
• A leader, viewed by others as having a high degree of integrity and forethought in making decisions; able to act in a transparent and consistent manner
• Ability to demonstrate a strategic approach to tackling spend across the entire category
• Proven self-starter who can effectively managing multiple priorities of their own
• Personal resilience to working within an extremely fast-paced, ambiguous environment
• Strong strategic thinker and problem solver with attention to detail
• Excellent written and verbal communication skills

Responsibilities

• Develop product/service strategy across the Market Data categories which includes Pricing, Reference Data, Index Data, Desktop terminals, Exchange Fees, and Research/News
• Develop vendor strategy which is aligned with the product/service strategy; Develop preferred list of vendors with right balance of capabilities and cost
• Partner with Businesses and Corporate Areas to understand Client and Product strategy to meet Market Data needs
• Help the business optimize spend by eliminating unnecessary demand and using lower cost alternatives
• Identify, initiate, and project manage initiatives to significantly reduce the expense base
• Perform direct negotiations and regularly manage large and complex Market Data agreements
• Review, negotiate and draft Market Data contracts including commercials and terms and conditions
• Partner with legal and business to ensure contracts reflect negotiated terms and usage rights
• Collaborate with Third Party Risk Management to ensure procedures are followed and mitigate 3rd party risk
• Ensure end-to-end contracting process is completed in a timely manner

Skills

Leadership

Negotiation

Contract literacy

Strategic thinking

Communication skills

Global team management

Vendor management

Education

Bachelor’s Degree

Master’s degree

Law degree

Job description

State Street seeks a Market Data Sourcing and Strategy Leader (Managing Director) to drive cost-effective Market Data products and services globally. You will lead a team, negotiate contracts, and align with legal and risk partners to meet business needs.

You will partner with diverse business lines to anticipate requirements, optimize spend, and manage end-to-end procurement while ensuring regulatory compliance and strong governance.