Job Information
BlackRock Market Data Provider Relationship Management, Director in London, United Kingdom
About this role
At BlackRock, our most inquisitive investment is you! We are a global investment manager helping more and more people experience financial well-being. BlackRock’s business is investing on behalf of our clients, from large institutions to parents, grandparents, doctors, and teachers who entrust their savings to us. We are committed to our clients – period! Our promise is to offer them the clearest thinking about what to do with their money and the products and services they need to secure a better financial future.
That’s why investors of all kinds have made us the world’s largest asset manager, entrusting us with trillions of dollars, and it’s also why companies, institutions, and global governments come to us for help meeting their biggest financial challenges.
About the team:
Financial information is at the heart of what BlackRock does. The Index & Data Solutions team (IDS) is responsible for sourcing the index and market data that support the firm’s investment and risk management products and services as well as owning the relevant commercial relationships, focusing on encouraging & maintaining positive relationships with the largest and most strategic index and data providers.
To do this well, IDS (i) supports the most strategic initiatives of BlackRock as those initiatives relate to market data providers and (ii) works closely with key internal business partners to ensure we maintain strong alignment on business strategy and partner optimally to resolve challenges.
About the role:
The team is looking for a Director to join the Relationship Management function who will (i) contribute meaningfully to handling relationships with our strategic data providers, especially focusing on BlackRock’s index provider relationships (ii) keep up to date with industry initiatives that affect those relationships and keep the business advised of them and (iii) keep up to date with the constantly evolving regulatory landscape for market data and how that impacts BlackRock and our clients.
The best candidate understands the importance of our firm’s culture & principles in driving execution, and how to “connect the dots” with businesses & functions across the firm to achieve the best commercial outcomes with high provider partnership and accountability. To be successful in this role will require the ability to identify and prioritize critical issues while demonstrating outstanding communication and organizational skills in progressing and resolving.
The successful candidate will need to be able to converse and influence C Suite executives on a wide range of issues relating to their subject matter expertise.
Key Responsibilities:
Serving as an advisor to business divisions in the development of data strategies and as a partner in addressing questions and resolving issues surrounding index and market data.
Developing constructive relationships with our key market data providers by building mutually beneficial commercial engagements. You will be the owner of those relationships and will be responsible for ensuring they are mutually productive.
Partnering closely with our Legal team and senior management to ensure contracts with our market data providers include favorable terms at the lowest risk and efficient cost.
Holding market data providers accountable for service delivery according to agreed expectations.
Negotiating and driving to conclusion the market data contract process with providers ensuring relevant business needs are covered and fees are clearly detailed.
Supervising upcoming contract renewals and expirations
Understanding the constantly evolving regulatory landscape as it applies to market data and being an active member of internal BlackRock committees that interpret how those regulations will affect BlackRock and our clients.
About you:
Bachelor's degree preferably in finance, business, economics, or related area.
Minimum of 10 years of provider relationship management & contracting experience.
Exposure to previous index licensing data issues would be an advantage.
Preferred Education and Skills:
Knowledge of the financial services industry.
Experience in commercial negotiations, data licensing, and provider partnerships.
Deep understanding of the market data/index and portfolio risk landscape and providers.
Experience with pricing, ratings, and other core data providers.
Knowledge of provider risk management frameworks, processes, and tools.
The willingness to learn and contribute is crucial.
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 (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/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.