Procurement amp Sourcing Vp

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Procurement & Sourcing, VP
The candidate will understand the Market Data needs of the Business and Source the required products and services from the optimal vendors at optimal price points. Perform direct negotiations and regularly manage large and complex Market Data agreements. Use a white glove approach in stakeholder management to provide advice and guidance within Market Data sourcing. Analyze data to identify opportunities to reduce existing cost base. Work with process partners to mitigate risks and realize opportunities. Solution requests and issues in a timely manner and perform daily problem solving. Review, negotiate and draft Market Data contracts including commercials and terms and conditions. Partner with legal and business to ensure that contracts properly represent negotiated commercial terms as well as usage rights and other terms and conditions. Identify and mitigate any potential risks in contract language. Ensure end-to-end contracting process is completed in a timely manner. Keep all stakeholders informed throughout the procurement lifecycle. Collaborate 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 risk. Perform all duties in accordance with prescribed regulatory compliance guidelines. Demonstrated ability to manage and follow-through on multiple projects simultaneously. Exceptional communication skills and relationship management capabilities. Team player with the ability to build long term relationships. Strong analytical and problem-solving skills with attention to details and customer focus. Ability to manage challenging stakeholders diplomatically and to make decisions and execute with support of stakeholders. Bachelor’s Degree; Law degree a plus, 10+ years of experience in a related Market Data procurement/sourcing position required. Procurement, Market Data and business knowledge including robust understanding of business use cases, vendor product offerings, contract terms and contract execution. A detailed level of understanding of the language and structure of Market Data contracts with experience in the review, negotiation and drafting of Market Data contracts including governing agreements. A strong understanding of Market Data pricing models, metrics, etc. with the ability to suggest sourcing and contracting alternatives. Expertise should include experience in all Market Data subcategories (pricing, reference, index, terminals, etc.). Demonstrated sourcing and negotiation experience with major Market Data suppliers. Ability to create project sourcing strategy and independently collect data. Excellent command of the English language and Microsoft Office tools.

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