BlackRock Solutions offers risk management, financial advisory, technology and investment accounting services and technology infrastructure and support services internally to BlackRock as well as to a variety of large financial Institutions
The Market & Reference Data Procurement is responsible for the strategic sourcing of data products and service at the most favorable total cost of ownership.
Role Description:
Position requires the hands on aspects of Market & Reference Data Procurement responsibilities with a strong emphasis on opportunity assessment; spend analysis, gathering of business requirements, contract negotiations, and ongoing relationship management.
Responsibilities:
Manage data relationships and negotiate related agreements
Proactively manage process of implementing sourcing relationships
Work with legal to attain beneficial commercial terms and mitigate business risk
Track and communicate industry trends and market intelligence
Communicate to clients the commercial obligations stemming from assigned sourcing contracts
Work with manager to develop and manage strategic sourcing plans to achieve cost efficiencies, while maintaining the highest possible levels of service
Skills and Qualifications:
Dimensions:
Interpersonal skills to elicit pertinent information from stakeholders at all levels
Analytical skills to evaluate information gathered from multiple sources
Strong communication skills to clearly convey perspectives and analysis to stakeholders
Commercial contract knowledge
Subject Matter expertise:
Minimum 5 years of prior sourcing contract negotiation experience with data vendors and stock exchanges
Exceptional customer/business support skills
Ability to work well under tight deadlines in a fast-paced, team-oriented environment
Must be organized, detail orientated, responsive and be able to adapt quickly to a rapidly changing environment
Effective management of tasks
Ability to network and influence others without direct oversight and supervision
Demonstrated ability to work autonomously and build strong relationships with internal clients and data sources
