Vendor Governance Support Associate - BDP Vendor Governance Support Associate - BDP …

in Budapest, Budapest fovaros, Hungary
Permanent, Full time
Be the first to apply
in Budapest, Budapest fovaros, Hungary
Permanent, Full time
Be the first to apply
Vendor Governance Support Associate - BDP

About this role

Team Overview

Index and Data Solutions (IDS) provides relationship management, operations management and vendor risk management for all index and market data services in use by the firm. The mission of IDS is to deliver the industry expertise, strategic partnership and timely execution of index and market data solutions that are critical to BlackRock's growth. The team is divided into three key areas:

The Relationship Management team is responsible for engaging with key internal stakeholders to ensure consistent alignment with business strategy so that we can provide the best index and market data solutions while optimizing costs and average time to market for new product offerings. The team is also responsible developing relationships with key market data and index vendors to track new service offerings, market trends and extract the greatest value from existing contracts and relationships.

The Operations Management team handles requests for new or changed access to services, chargeback reporting, contract administration, market data invoice processing and general inquiry handling for index and market data services.

The Vendor Risk Management function ensures that initial due diligence is performed for all new vendors and that ongoing performance management is performed regularly to limit risk to the firm while ensuring the satisfactory delivery of service by our providers. The Governance program is an important aspect of Vendor Risk Management.

Role Responsibility

This role would support vendor Governance. The role of vendor Governance is to be the central information hub for intelligence and performance metrics about BlackRock's key index & market data vendor relationships. This individual will support the Governance team in building out BlackRock's partnerships framework by partnering with both internal stakeholders and external vendor partners.

  • Build relationships with both key internal BlackRock data stakeholders and external partner contacts.

  • Coordinate and participate in quarterly internal connectivity meetings for each partner (10 per quarter).

  • Partner with internal stakeholders on requests for information and effectively communicate the commercial policies and relationship nuances.

  • Partner with BlackRock governance teams to share intelligence and metrics about our vendor relationships.

  • Update metrics on all partner relationship documentation on a monthly basis.

  • Own internal program website for marketing the program and sharing program materials.

  • Manage team tracker of all of BlackRock's external meetings with vendors in the partner program.

  • Proactively monitor financial news sources for updates and events related to or impacting index & market data vendors.


  • Minimum 2-3 years of relevant experience;

  • Strong foundational knowledge of the index and market data industry required;

  • Strong attention to detail and communication skills required;

  • Analytical skills to evaluate information gathered from multiple sources and deliver high-quality work product;

  • Must be a self-starter, organized, diligent, proactive, detail-oriented and able to manage and prioritize multiple projects simultaneously;

  • Must be able to build strong relationships with internal clients and external data providers;

  • Ability to effectively communicate requirements and perspective/analysis to internal stakeholders;

  • Microsoft office suite skills required.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

About BlackRock

BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of September 30, 2020, the firm managed approximately $7.81 trillion in assets on behalf of investors worldwide.  

For additional information on BlackRock, please visit | Twitter:  @blackrock | LinkedIn: .

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer.  We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.
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