Market Data Services Associate - Relationship Manager

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.

Role Responsibility

• Lead contract negotiations with market data providers for BlackRock's Aladdin platform (preferably with market data experience)
• Providing subject matter expertise to stakeholders on new initiatives and projects
• Build and maintain strong working relationships with internal stakeholders such as Data, Legal, Finance, and Product to deliver solutions for clients
• Understand market data industry trends

Experience

• Minimum 4-6 years of relevant experience
• Prior experience negotiating market data or FinTech contracts is ideal
• Understanding of applying market data usage to modern technologies such as Cloud, Kafka, and AI
• Strong analytical skills to evaluate information gathered from multiple sources and deliver high-quality work product
• Must be a self-starter, organized, diligent, proactive, extremely detail oriented and able to manage and prioritize multiple projects simultaneously
• Excellent interpersonal skills with the ability to build strong relationships with internal stakeholders and external data providers
• Ability to effectively communicate requirements and perspective/analysis to internal stakeholders and provide recommended solutions
• Strong excel and PowerPoint skills

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being.  Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity Employer.  We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.