Market Data Reporting & Analytics, AVP

State Street; Clifton (NJ); On-site; USD 80,000 - 140,000; Full time

Benefits offered by this job

401K retirement plan

Insurance coverage

Paid time off

Employee Assistance Program

Job summary

State Street is seeking an experienced Financial Operations professional to manage market data processes within Optimize Spend (FITS), driving data integrity and spend transparency. You will reconcile invoices, maintain supplier and contract data, and generate reports for governance and cost control.

Key responsibilities include data quality reviews, process automation, cross-functional collaboration, and supporting financial governance.

Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, Economics, Information Systems, or a related field required.
• 5+ years of experience in Market Data, Procurement, Vendor Management, Financial Operations, Sourcing, Finance, or a related discipline.
• Experience managing market data vendor invoices, contract reconciliation, spend reporting, financial governance, and operational controls.
• Hands-on experience with Optimize Spend (FITS) or similar platforms.
• Ability to analyze large datasets, perform reconciliations, and provide actionable insights.
• Advanced proficiency in Microsoft Excel and reporting tools such as Power BI/Tableau.

Responsibilities

• Maintain supplier, contract, and market data inventory records in FITS for accuracy.
• Perform data quality reviews and resolve missing, inaccurate, or outdated information.
• Generate and analyze reports to support spend reporting.
• Identify opportunities to improve FITS processes through automation and standardization.
• Manage end-to-end invoice reconciliation, validating against contractual terms.
• Maintain ownership of billing accounts and ensure timely reconciliation activities.
• Prepare invoice walks and reconciliation packages for approval and payment.
• Track and support governance activities for savings and avoidance initiatives.
• Collaborate with Sourcing, Account Management, vendors and business partners to resolve issues.
• Identify opportunities for process improvements and automation to increase efficiency.
• Assist with project work, remediation efforts, and special assignments.
• Maintain strong relationships with internal stakeholders and external vendors.

Skills

Optimize Spend (FITS) proficiency

Relationship building

Communication skills

Data manipulation

Financial modeling

Reconciliation

MS Office (Excel, Access, PowerPoint,

Project management

Market data knowledge

Detail-oriented

Education

Bachelor's degree in Finance/Accounting/Business/Economics/IS

Tools

Excel

Access

PowerPoint

Power BI

Tableau

Job description

Who We Are Looking For

Responsible for managing market data financial operations, including invoice reconciliation, spend reporting, financial governance, and process improvement initiatives. Manages and maintains supplier, contract, and financial data within Optimize Spend (FITS) to ensure accuracy and data integrity. Ensures market data expenses are accurately validated against contractual commitments, invoices are processed in a timely manner, and reporting obligations are completed accurately. Partners with Procurement, Finance, Account Management, vendors, and business stakeholders to support operational excellence and financial transparency.

What You Will Be Responsible For

• Maintain supplier, contract, and market data inventory records within Optimize Spend (FITS) to ensure data accuracy and completeness.
• Perform data quality reviews of Optimize Spend (FITS) records, identifying and resolving missing, inaccurate or outdated information.
• Generate and analyze reports from Optimize Spend (FITS) to support spend reporting.
• Identify opportunities to improve Optimize Spend (FITS) processes, reporting capabilities, and data management practices through automation and standardization.
• Manage the end-to-end invoice reconciliation process, ensuring vendor invoices are validated against contractual terms and supporting documentation.
• Maintain ownership of assigned billing accounts and drive timely completion of reconciliation activities.
• Prepare and review invoice walks and reconciliation packages for approval and payment processing.
• Track and support Financial Case governance activities, ensuring savings and avoidance initiatives are appropriately documented.
• Collaborate with Sourcing, Account Management, vendors and business partners to resolve invoice and contract issues.
• Identify opportunities for process improvements and automation to increase efficiency and reduce manual effort.
• Assist with project work, including remediation efforts, operational initiatives, and special assignments.
• Maintain strong relationships with internal stakeholders and external vendors.

What We Value

• Proficient in Optimize Spend (FITS)
• Ability to build strong relationships with businesses, procurement, and vendors
• Strong communication skills both verbal and written
• Strong analytical skills and comfort with data manipulation, financial modeling, reconciliation
• Strong MS Office skills - Excel, Access, Powerpoint, Word
• Project management experience
• Market Data product knowledge and experience preferred
• Strong Attention to Detail and Organizational Skills

Education & Preferred Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, Economics, Information Systems, or a related field required.
• 5+ years of experience in Market Data, Procurement, Vendor Management, Financial Operations, Sourcing, Finance, or a related discipline within the financial services industry.
• Experience managing market data vendor invoices, contract reconciliation, spend reporting, financial governance, and operational controls.
• Hands-on experience with Optimize Spend (FITS) or similar market data inventory, expense management, or procurement platforms.
• Demonstrated ability to analyze large datasets, perform reconciliations, identify discrepancies, and provide actionable insights.
• Advanced proficiency in Microsoft Excel, including pivot tables, formulas, data analysis, and reporting. Experience with Access, PowerPoint, Power BI, Tableau, or other reporting tools is preferred.
• Proven ability to drive process improvements, automation initiatives, and operational efficiency programs.
• Strong project management and organizational skills, with the ability to manage multiple priorities and deliver results in a deadline-driven environment.
• Excellent verbal and written communication skills, with the ability to effectively present information to senior management and business stakeholders.
• Strong attention to detail and a commitment to data accuracy, financial controls, and governance standards, while demonstrating a proactive, self-motivated approach and the ability to work independently and collaborate effectively across global teams.
• Experience within a global financial institution and/or market data procurement organization is strongly preferred.
• Preferred understanding of market data products, licensing models, exchange fees, and vendor billing practices, along with knowledge of financial markets, investment products, trading platforms, and market data consumption practices.

Salary Range

$80,000 - $140,000 Annual

Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future. As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Job Application Disclosure

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Job ID: R-796674