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The team is looking for a VP to join the Relationship Management function who will (i) contribute meaningfully to managing relationships with our strategic data providers, with a focus on understanding the legal underpinnings of data Licensing and intellectual property (IP) (ii) keep up to date with industry initiatives that affect those relationships and keep the business informed of them, especially around the impact of AI on the usage rights BlackRock can make of 3rd party content, without exposing BlackRock to risk and (iii) keep up to date with the fast changing regulatory landscape for market data and how that impacts BlackRock and our clients.
Job Responsibility:
Be the lead in developing deep relationships with major business units within BlackRock, BlackRock Global Markets, BlackRock Tech & Ops, all on a global basis
Developing relationships with senior (COO) colleagues in those groups to make sure IDS meets their needs
Working with IDS colleagues who own relationships with other business units (PMG, Aladdin, etc.) to make sure we have a consistent message to those business units, and we are sharing best practices on how IDS best serves those businesses
Working with those business units to develop data strategies so they are best prepared to meet their immediate and long-term objectives
Understanding the legal underpinnings of our relationships with strategic vendor partners and be able to convey those to senior management
Working with other members of the IDS team to ensure consistency across IDS in implementing best practices and working with senior members of the IDS team to implement streamlined processes, especially as it involves the potential use of AI from vendors
Developing deep, constructive relationships with our key market data partners by building mutually beneficial commercial engagements
You will be a key resource in managing 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 optimal 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 documented
Monitoring upcoming contract renewals and expirations
Understanding the fast-changing regulatory landscape as it applies to market data and be an active member of internal BlackRock committees that interpret how those regulations will affect BlackRock and our clients
Requirements:
Bachelor's degree preferably in finance, business, economics or related area
Minimum of 7 years of data provider relationship management & contracting experience
Exposure to previous strategic market data provider licensing issues would be an advantage
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 index, ratings and other core data providers
Knowledge of provider risk management frameworks, processes and tools
Willingness to learn and contribute is essential
Nice to have:
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 index, ratings and other core data providers
Knowledge of provider risk management frameworks, processes and tools