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Senior Sourcing Specialist – Market Data Services, Officer

State StreetAbout the company

  • Podgórska 36, Kraków
    Kraków, Lesser Poland
  • Offer expired 25 days ago
  • Remote recruitment
  • contract of employment
  • full-time
  • senior specialist (Senior)

State Street

Podgórska 36


Technologies we use

Operating system

About the project

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 Street’s 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 Street’s 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.

Your responsibilities

  • 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

Our requirements

  • 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

What we offer

  • Fully remote work possibility

  • 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

State Street

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, 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. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

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Fully remote work option is available at least until April 2021.

After this period, you can expect possibility to continue working 100% remotely or on rotational basis: office work / remote work options tailored to your individual needs and preferences.

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