VP, Market Data Sourcing & Contracts

STATE STREET CORPORATION; Quincy (MA); On-site; USD 110,000 - 181,000; Full time

Benefits offered by this job

401K with company match

Insurance coverage: medical, dental, &

Paid time off: vacation, sick leave, F

Employee Assistance Program

Performance-based awards eligibility

Tax advantaged savings plans

Job summary

State Street Corporation in Massachusetts seeks a Market Data Sourcing Vice President to lead strategies, negotiate market data contracts, and partner with legal and risk teams to ensure compliant, cost-effective solutions.

You will manage the Index category, drive cost reductions, and coordinate with Third Party Risk Management while ensuring timely contracting and stakeholder satisfaction.

Qualifications

• 8+ years in category management or market data procurement.
• Experience negotiating market data contracts and pricing.
• Strong stakeholder and cross-functional collaboration.
• Understanding of regulatory compliance in procurement.

Responsibilities

• Understand the Market Data needs of the Business and Source the required products and services from the optimal vendors at optimal price points
• Manage the Index category and oversee a team of Sourcing team members
• Perform direct negotiations and regularly manage large and complex Market Data agreements
• Use a white glove approach in stakeholder management to provide advice and guidance within Market Data sourcing
• Analyze data to identify opportunities to reduce existing cost base
• Work with process partners to mitigate risks and realize opportunities
• Solution requests and issues in a timely manner and perform daily problem solving
• Review, negotiate and draft Market Data contracts including commercials and terms and conditions
• Partner with legal and business to ensure that contracts properly represent negotiated commercial terms as well as usage rights and other terms and conditions
• Identify and mitigate any potential risks in contract language
• Ensure end-to-end contracting process is completed in a timely manner
• Keep all stakeholders informed throughout the procurement lifecycle
• The primary focus will be on the Index category, although involvement in other categories such as Pricing, Reference Data, Exchanges and Research/News may also be required
• Collaborate with Third Party Risk Management (TPRM) teams to support appropriate policies and ensure procedures are followed and used consistently throughout the acquisition process to identify and mitigate 3rd party risk
• Perform all duties in accordance with prescribed regulatory compliance guidelines

Skills

Sourcing strategy

Vendor management

Contract negotiations

Financial analysis

Regulatory compliance

Stakeholder management

Risk assessment

Education

Bachelor's Degree

Master's degree

Law degree

Job description

State Street Corporation in Massachusetts seeks a Market Data Sourcing Vice President to lead strategies, negotiate market data contracts, and partner with legal and risk teams to ensure compliant, cost-effective solutions.

You will manage the Index category, drive cost reductions, and coordinate with Third Party Risk Management while ensuring timely contracting and stakeholder satisfaction.