BlackRock Market Data Solutions Associate

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • BlackRock
  • 25 Sep 16

BlackRock Market Data Solutions Associate

Business Unit Overview:

BlackRock is seeking a team-oriented individual who can immediately add value to the Market Data Solutions team, and its internal and external clients. The Market Data Solutions team is responsible for the index and data strategy for the firm and the management of the commercial relationships with each provider. This full-time Associate position will be responsible for the strategic sourcing of index and market data products that address the firm's requirements and services at the most favorable total cost of ownership, and provide guidance and support to internal clients

Key Responsibilities:

  • Partner with internal stakeholders and legal in the negotiation of various index and market data agreements to attain beneficial commercial terms and mitigate business risk
  • Development of strategic sourcing opportunities through the introduction of a competitive marketplace, demand management, supplier consolidation, and process reengineering
  • Implement strategic planning for sourcing services at the group, departmental and divisional levels
  • Manage index and data relationships and negotiate related agreements
  • Track and communicate internally industry trends and market intelligence
  • Communicate to internal clients the commercial obligations stemming from provider contracts
  • Work with manager to develop and manage strategic sourcing plans to achieve efficiencies, while maintaining the highest possible levels of service

  • Interpersonal skills to elicit pertinent information from stakeholders at all levels
  • Analytical skills to evaluate information gathered from multiple sources
  • Basic knowledge of Market Data products and services preferred, but not required
  • Strong communication skills to clearly convey perspectives and analysis to stakeholders
  • Commercial contract knowledge preferred, but not required
  • Candidates coming from a technical background will be considered for this role
  • Ability to work autonomously and build strong relationships with internal clients and data sources
  • Working knowledge of finance and investments
  • Must be organized, detail orientated, responsive and be able to adapt quickly to a rapidly changing environment