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Mellon is seeking an experienced Market Data Sourcing Coordinator to work with internal business, investment, and technology teams to implement a firm-wide, end-to-end, vendor relationship management process to maximize performance and value.
The Market Data Sourcing role will develop and manage a category plan for vendors that provide market data or market data related technology and services, which includes pricing, indices, research, news, reference, and fundamentals data. The role will be responsible for developing a category plan through the analysis of supplier inventory, industry trends, business requirements, and corporate risk tolerance.
This position will be responsible for fostering strong relationships with senior Mellon stakeholders in several core business units; developing, maintaining and executing Market Data category sourcing plans; managing all aspects of the strategic sourcing lifecycle; as well as collaborating with Global Procurement, Corporate Risk groups and Corporate Legal Services, as required, on vendor engagements.
The Sourcing Coordinator will lead competitive sourcing events to identify competitive vendors or alternative solutions that will generate leverage and drive favorable pricing. Managing competitive sourcing events will including the review and analysis of proposals, negotiation of commercial terms, and the creation of presentations or reports to support management approvals of multi-year vendor agreements. Additionally the role will develop, review, and manage any ad hoc documents requiring special risk and legal reviews.
Responsibilities include economic analyses of vendor proposals and various internal management inquiries for existing or potential vendor expenditures. Identify and document both internal and external risks associated with market data transactions.
Work with Finance, Global Procurement, Accounts Payable, Legal, Risk and other subject matter experts within BNY Mellon to ensure that policies and procedures and followed and met.
Lead Market Data Services Analyst->> Participates in or leads a wide array of activities supporting the integrated market data solutions in the Net Exchange product suite. Demonstrates an ability to understand the complexities of the many available market data solutions, how price changes can impact the business and demonstrate the impact to management. Manages, tracks and reports the payment of market data invoices in excess of $25 million annually. Performs financial analysis of market data expense to identify trends and opportunities. Leads aspects of exchange relations and reporting to ensure all financial information is properly reflected at the enterprise. Uses data to identify trends and opportunities. Contributes to the achievement of related teams' objectives.
Bachelor's degree in a related discipline or equivalent work experience required, advanced degree preferred, 4-6 years of analytical experience required, experience in the securities or financial industry is a plus.
Bachelor's degree or equivalent relevant field expertise required
3-5+ years of experience with Market Data vendors preferred
Detail-oriented, with excellent quantitative and analytical skills. The candidate must be able to pick up new concepts quickly and thoroughly, to add value immediately in a steep learning curve environment, and to manage the full system development process.
Strong negotiation skills and understanding of contract law and risk requirements
Expertise in sourcing policy, procedures and processes
The candidate should be foremost an extremely effective and savvy communicator with the ability to ask the right questions, understand problems, and effectively communicate solutions to work effectively with business partners, clients, technology and vendors.
Self-driven and motivated with a strong work ethic are a must.
Ability to work collaboratively in a team with other specialized individuals and thrive in a fast-paced, deadline-driven environment
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans.
Primary Location: United States-Pennsylvania-Pittsburgh Internal Jobcode: 45120 Job: Asset Management Organization: Mellon With TOH ADJ-HR13428 Requisition Number: 1918152