Market Data Procurement & Sourcing , Vice President
Job description
Who we are looking for
The Market Data Sourcing Vice President is an important role within State Street’s Global Third Party Management team. This role will help drive the Market Data strategy which is to ensure the businesses have the most cost effective and optimal Market Data products and services to help enable and drive their business strategies. This role will be responsible for preparing, analyzing, negotiating and executing market data contracts including commercials and terms and conditions across one or several market data categories
This leader will partner with the businesses as well as the legal and risk organizations to ensure current and future business needs are met, policies and procedures are followed, and risks are identified and mitigated – all in compliance with regulatory guidelines.
This role will report into the Sourcing and Category Strategy head of Market Data.
The role can be performed in hybrid model (3 days onsite, 2 days remotely) in Krakow or Gdansk.
Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. Across the globe, our clients rely on us to help them manage risk, respond to challenges, and drive performance and profitability. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day-to-day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for
Primary Sourcing areas of responsibility include:
Understand the Market Data needs of the Business and Corporate Areas (Investment Services, Global Investment Management, Global Markets, Enterprise Risk Management, Finance) and Source the required products and services from the optimal vendors at optimal price points
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
Focus will be on one or several of the market data categories including Pricing, Reference Data, Index Data, Desktop terminals, Exchanges, and Research/News
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
These skills will help you succeed in the role:
Proven self-starter who can work independently and within a team while effectively managing multiple priorities
Able to work and thrive in an extremely fast-paced, ambiguous environment
Strong strategic thinker and problem solver with attention to detail
Excellent written and verbal communication skills
Smart, energetic and passionate about your work demonstrating can do attitude toward challenges
Education & Preferred Qualifications
Solid experience in sourcing, procurement, vendor management, or commercial negotiations within a financial institution, data provider environment, consulting firm, or other global organization
Bachelor’s Degree. A Master’s degree and/or Law degree a plus
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
Deep understanding of Sourcing process across Global organizations
Minimum Salary:
zł182 004 Annual
The minimum salary quoted above applies to the role in the primary location specified. If the candidate ultimately works outside of this primary location, the applicable minimum salary may differ.
Salary will be determined based on factors such as the position, type of work performed, individual skills, job description, working hours, diligence, initiative, self-management, length of employment, availability, and the quantity and quality of work delivered, as well as other objective and non-discriminatory criteria relevant to State Street employees.
In addition to salary, employees are eligible to be considered for discretionary annual performance-based awards.
We Offer:
Permanent contract from day one
Additional holidays (Birthday Day Off, 3rd and 5th year anniversary Day Off)
Gold Medical Package for employees and their families (partner and children)
Premium life insurance package and private pension plan
Wide range of soft skills training, technical workshops, language classes and development programs
Opportunities to volunteer your time to company-driven initiatives, employee networks or organizations of your choice
Variety of well-being programs
Additional benefits available depending on the seniority of the role
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.
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