AVP - MDS category Strategy AVP - MDS category Strategy …

State Street Corporation
in Bangalore, Karnataka, India
Permanent, Full time
Be the first to apply
State Street Corporation
in Bangalore, Karnataka, India
Permanent, Full time
Be the first to apply
State Street Corporation
AVP - MDS category Strategy
  • Execute licensing strategies that align with corporate and department goals and deliver results throughout the negotiation/contract/payment/reporting lifecycle and across the enterprise
  • Facilitate negotiations and achieve optimal price/performance and price/quality ratio to deliver maximum value and savings
  • Ensure that appropriate policies, procedures and MWBE opportunities are used consistently throughout the acquisition process and integrate supplier audit programs into contracts
  • Engage and work closely with business partners and management on sourcing / data acquisition opportunities, data and functionality requirements, projects, priorities, and timelines as well as the commercial obligations of their vendor agreements
  • Collaborate with Business and Legal to obtain beneficial commercial and legal terms, mitigate business risk and set priorities for contract execution
  • Proactively manage vendors through the contract lifecycle by monitoring their fulfillment of obligations and services and by performing benchmarking through scorecards, performance metrics and other tools.
  • Maintain contracts and contract data in globally centralized contract management and expense databases, and ensure colleagues and business partners are trained appropriately on sourcing tools and the contract workflow
  • Collaborate with Business Units and Finance for allocation methodologies on Market Data spend
  • Track and communicate industry trends and market intelligence

  • Minimum of 2+ years' experience in market data licensing and/or vendor management
  • Contract interpretation / negotiations experience a benefit
  • Experience working for/with market data vendors is highly desired
  • Knowledge of market data inventory management systems (FITS or other) is a plus
  • Knowledge of real-time exchanges, policies and reporting rules
  • Familiarity with Bloomberg, Thomson Reuters, FactSet and other market data vendors
  • Strong communication and interpersonal skills, proven ability to work independently and within a team
  • Demonstrated ability to develop highly functioning business relationships
  • Ability to work well under tight deadlines in a fast-paced, team-oriented environment
  • Must be organized, detail oriented, responsive and be able to adapt quickly to a rapidly changing environment
  • Technically proficient on standard business applications and able to learn new technologies as they relate to this role
Company Overview

From technology and product innovation to corporate responsibility and community development, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people - strengthening markets, building communities and creating opportunities for growth.

We owe that longevity to the commitment, expertise and creativity of our employees. Our continued success depends on our ability to attract and develop the best talent in the industry. That's why we're keenly focused on employee development, corporate citizenship and inclusion.

For us, success comes in the mark we make as an organization - for the industry, our clients, our communities and each other.

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