Associate - Exchange And Market Data Provider, Relationship Manager

R231698

Description

About this role

The Team Is Divided Into Three Key Areas

Index and Data Solutions (IDS) provides relationship management, operations management and vendor risk management for all index and market data services in use by the firm. The mission of IDS is to deliver the industry expertise, strategic partnership and timely execution of index and market data solutions that are critical to BlackRock’s growth.

The Relationship Management team is responsible for engaging with key internal stakeholders to ensure consistent alignment with business strategy so that we can provide the best index and market data solutions while optimizing costs and average time to market for new product offerings. The team is also responsible developing relationships with key market data and index vendors to track new service offerings, market trends and extract the greatest value from existing contracts and relationships.

The Operations Management team handles requests for new or changed access to services, chargeback reporting, contract administration, market data invoice processing and general inquiry handling for index and market data services.

The Vendor Risk Management function ensures that initial due diligence is performed for all new vendors and that ongoing performance management is performed regularly to limit risk to the firm while ensuring the satisfactory delivery of service by our providers.

Role Responsibility

• Partner with internal stakeholders and legal team in the negotiation of various exchange data agreements to attain beneficial commercial terms and mitigate business risk
• Assist with managing BlackRock's exchange data provider relationships globally
• Track and communicate exchange industry trends and market intelligence to IDS Team and internal stakeholders.
• Partner with internal stakeholders on internal projects utilizing exchange data and be able communicate the commercial policies and contractual obligations on exchange data use stemming from the provider contracts.
• Assist with coordinating and responding to exchange and data provider audits.

Experience

• Strong excel and powerpoint skills;
• Must be a self-starter, organized, diligent, proactive, extremely detail oriented and able to manage and prioritize multiple projects simultaneously;
• Experience negotiating data contracts;
• Strong analytical skills to evaluate information gathered from multiple sources and deliver high-quality work product;
• Experience with DACS and market data inventory systems such as MDM or FITS;
• Must be able to work autonomously and build strong relationships with internal clients and external data providers;
• General familiarity of the Asset Management business and/or technology background.
• Minimum 3-4 years of relevant experience;
• Knowledge of exchange data use policies and experience with data provider audits preferred but not required;
• Ability to effectively communicate requirements and perspective/analysis to internal stakeholders and provide recommended solutions;

For New York City only: The salary range for this position is $104,500 - $120,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our Benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents 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 3 days in the office each week, with the flexibility to work from home up to 2 days a week; some business groups may require more time in the office due to their roles and responsibilities. Beginning in September, all employees will shift to at least 4 days in the office per week, with the flexibility to work from home 1 day a week. 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 | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.