STATE STREET CORPORATION

Senior Sourcing Specialist Market Data Services, Officer (BB-02048)

Found in: Neuvoo IN

Description:
Who we are looking for We are seeking a Senior Market Data Sourcing Specialist to respond to index and data requests company-wide to acquire the products and services that help drive the Market Data Procurement strategy, transformation initiatives, and implementation plans. Why this role is important to us The Officer of Procurement is an important role within State Streets Global Procurement Team and is responsible for the preparation, analysis, negotiation and finalization of the end-to-end Procurement process for Market Data related contracts, with a focus on client and portfolio management index requests and fulfillment. This role will collaborate with stakeholders (Portfolio Managers, Analysts, Relationship Managers, Legal, Data Security business units or vendors.) to fulfill requests and lead negotiations to mitigate risk, achieve favorable compliant contract pricing and terms within an expedited time-frame. The end result is a contract that accurately reflects business requirements while protecting State Streets interests and controlling costs. Your new team The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. 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 As Senior Sourcing Specialist Market Data Services you will Perform direct contractual and commercial negotiations and manage sometimes large and complex agreements Solution requests and issues timely, and perform daily problem solving Find saving opportunities via stakeholder engagement and data analysis Identify risks and opportunities related to achieving financial objectives; work with process partners to mitigate risks and realize opportunities Use a white glove approach in stakeholder management to provide advice and guidance within market data sourcing Perform all duties in accordance with prescribed regulatory compliance guidelines Quickly learn the State Street end to end process, and work within the guidelines to gain saving and delivery result What we value These skills will help you succeed in this role Knowledge of the major index vendors and index construction Demonstrated sourcing and negotiation experience with major suppliers Demonstrated ability to negotiate governing agreements A good understanding of market data pricing models, metrics, etc. with the ability to suggest contracting alternatives 5 years of experience in a procurement related position preferred Demonstrated ability to manage and follow-through on multiple projects simultaneously A high level of understanding of the language and structure of market data contracts Experience in the review, negotiation and drafting of market data contracts Ability to manage challenging stakeholders diplomatically. Exceptional communication skills and relationship management capabilities. Procurement, market data and business knowledge including robust understanding of contract terms and contract execution Team player with the ability to build long term relationships Strong analytical and problem solving skills with customer focus Ability to make decisions and execute with support of stakeholders Strong attention to detail Excellent command of the English language Excellent command of Microsoft Office package We offer Remote work options Employee savings plan Premium life insurance package VIP medical package International operating environment Additional holiday entitlement Language classes; Soft skills trainings Technical workshops Development sessions with a mentor; Diversity of opportunities across a range of challenging and highly complex activities; Technical or leadership career pathway

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