State Street · 1 day ago
Market Data Procurement & Sourcing, VP
Boston, MA
Full-time
Onsite
Senior Level, Lead/Staff
$120K/yr - $202K/yr
8+ years expState Street is one of the largest custodian banks and asset managers in the world, and they are seeking a VP of Sourcing for their Global Procurement Team. The role involves managing the end-to-end procurement process for Market Data, including negotiation and compliance with contract terms.
BankingFinanceFinancial Services
Responsibilities
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
Review, negotiate and redline market data contracts including commercials and terms and conditions
Identify and mitigate any potential risks in contract language
Solution requests and issues timely, and perform daily problem solving
Analyze data to identify opportunities to reduce existing cost base
Interact with internal senior stakeholders on a daily basis keeping them 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
Through the correct demonstrated behaviors help lead other team members in performing their tasks to the exacting high standards required
Performing all duties in accordance with prescribed regulatory compliance guidelines
Qualification
Required
8 years sourcing experience in Market Data procurement/sourcing position required
Bachelor's Degree; Law degree a plus
A detailed level of understanding of the language and structure of market data contracts with experience in the review, negotiation and drafting of such 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, etc.) and experience working with major market data suppliers. Direct experience working with index market data preferred
Ability to demonstrate a strategic approach to tackling spend across the entire category
Proven self-starter who can work independently and within a team while effectively managing multiple priorities
Personal resilience to working within an extremely fast-paced, ambiguous environment
Strong strategic thinker and problem solver with attention to detail
Excellent written and verbal communication skills
Benefits
Retirement savings plan (401K) with company match
Insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
Paid-time off including vacation, sick leave, short term disability, and family care responsibilities
Access to our Employee Assistance Program
Incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans)
Eligibility for certain tax advantaged savings plans
Flexible work-life support
Paid volunteer days
Vibrant employee networks that keep you connected to what matters most
Company
State Street
State Street offers a range of financial services, including investment management, research and trading, as well as asset management.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$12.05B2025-10-23Post Ipo Debt· $1B
2025-04-24Post Ipo Debt· $2B
2025-02-06Post Ipo Equity· $750M
Leadership Team
Ronald O'Hanley
Chairman and Chief Executive Officer
R
Renee LaRoche-Morris
Senior Vice President, Chief of Staff to the COO; Head of CAO Services
Recent News
legacy.thefly.com
2026-01-22
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