Who we are looking for

The AVP of Sourcing is an important role within State Street’s Global Procurement Team and responsible for the preparation, analysis, negotiation and finalization of the end-to-end Procurement process with a focus on the Market Data category. This role will coordinate with stakeholders (legal, data security, business unit, vendor, etc.) to manage negotiations and achieve favorable and compliant contract terms and pricing in an expedited timeframe to mitigate risk.

The Procurement Sourcing Team responds to requests from business users company-wide in order to acquire Market Data related products and services. You will be engaging with top industry vendors such as Bloomberg, Standard & Poor’s, Morgan Stanley, and Intercontinental Exchange and be directly involved in the purchase of data including but not limited to, the categories of pricing, reference, index, and research.

Why this role is important to us

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.

What you will be responsible for

As Sourcing Lead, you will

Review, negotiate and redline market data contracts including commercials and terms and conditionsPerform direct negotiations and regularly manage large and complex market data agreementsIdentify and mitigate any potential risks in contract languageSolution requests and issues timely, and perform daily problem solvingInteract with internal senior stakeholders on a daily basis keeping them informed throughout the procurement lifecycleCollaborate with Third Party Risk Management (TPRM) teams to support appropriate policies and ensure procedures are followed and used consistently throughout the acquisition process to identify and mitigate 3rd party riskPerforming all duties in accordance with prescribed regulatory compliance guidelines

What we value

These skills will help you succeed in this role

3-4 years sourcing experience in Market Data procurement/sourcing position requiredBachelor’s Degree; Law degree a plusA detailed level of understanding of the language and structure of market data contracts with experience in the review, negotiation and drafting of such agreementsA strong understanding of market data pricing models, metrics, etc. with the ability to suggest sourcing and contracting alternativesExpertise should include experience in at least one market data subcategory (i.e. pricing, reference, index, etc.) and experience working with major market data suppliers.Proven self-starter who can work independently and within a team while effectively managing multiple prioritiesPersonal resilience to working within an extremely fast-paced, ambiguous environmentStrong strategic thinker and problem solver with attention to detailExcellent written and verbal communication skills

What we offer

Hybrid or potentially fully remote work availableEmployee savings planPremium life insurance packageVIP medical packageInternational operating environmentAdditional holiday entitlementA suite of training classes and workshopsSourcing or leadership career pathway

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.

Discover more at StateStreet.com/careers

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