Associate, Market Data Services

About this role

About Team

The Index and Data Solutions (IDS) team 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 essential to BlackRock’s growth. The team is divided into three key areas:

• The Relationship Management team is responsible for engaging with key internal partners 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 for 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.

What You Will Be Doing

• Partnering with Legal on reviewing/negotiating data agreements to attain preferred business terms for use of data for the investment teams

• Building and maintaining collaborative working relationships with internal teams to support firmwide business initiatives for the investment teams

• Interpreting and clearly presenting contract requirements to business partners across various backgrounds to achieve operational efficiency and mitigate risk

• Create and maintain written and visual reports to assist investment teams with decision-making regarding their market data expenditure.

• Staying up to date on regulatory and industry trends impacting BlackRock and communicating trends to business partners

Experience

• ~2-4 years proven ability in reviewing and/or negotiating market data contracts or similar experience

• Highly organized with a high level of attention to detail

• A self-starter with the ability multi-task and prioritize deadlines optimally;

• Strong collaborator who can work cross-functionally and build strong relationships with internal teams and external vendor partners;

• Proficiency in Excel and PowerPoint and MS 365 applications, with the ability to analyze data and create professional, impactful presentations

• Excellent written and verbal communication skills; especially the ability to summarize / synthesize to senior leadership

• Knowledge of the buy-side, market data industry, familiarity with languages (e.g. Japanese, Mandarin, Korean) is a plus

• Exposure to AI tools or process automation is advantageous

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 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 | Twitter: @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, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.