VP, Market Data Procurement & Sourcing

State Street

. Drive Market Data strategy to ensure businesses have cost-effective and optimal Market Data products and services .

Posted 11/6/2026full-timeUnited StatesLead💰 $115,000 - $197,500 per yearWebsite

Core Competencies

Role fit

Core Competencies

Use this summary to align your resume positioning with the role.

Demonstrates expertise in Market Data strategy, contract negotiation, and vendor management, with a strong focus on risk mitigation and stakeholder collaboration. Proven ability to lead teams and manage complex sourcing processes within a fast-paced environment.

Highest-signal resume keywords

Market Data StrategyContract NegotiationVendor ManagementPeople ManagementRisk Mitigation

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Category ManagementSourcingProcurementCommercial NegotiationsContract DraftingData AnalysisStakeholder ManagementRegulatory ComplianceMarket Data Index ExperienceProblem Solving

Soft Skills

Strategic ThinkingAttention to DetailWritten CommunicationVerbal CommunicationTeam Collaboration

Certifications & Qualifications

Bachelor's Degree

Industry Keywords

Financial InstitutionData ProviderConsulting FirmGlobal OrganizationThird Party Risk Management

About the role

Key responsibilities & impact

Drive Market Data strategy to ensure businesses have cost-effective and optimal Market Data products and services
Prepare, analyze, negotiate, and execute market data contracts, including commercials and terms and conditions
Partner with business, legal, and risk organizations to meet current and future business needs, follow policies and procedures, and identify and mitigate risks
Source required products and services from optimal vendors at optimal price points
Manage the Index category and oversee a team of Sourcing team members
Perform direct negotiations and manage large and complex Market Data agreements
Provide stakeholder advice and guidance within Market Data sourcing using a white glove approach
Analyze data to identify opportunities to reduce the existing cost base
Work with process partners to mitigate risks and realize opportunities
Resolve requests and issues in a timely manner and perform daily problem solving
Review, negotiate, and draft Market Data contracts
Partner with legal and business teams to ensure contracts represent negotiated commercial terms, usage rights, and other terms and conditions
Identify and mitigate potential risks in contract language
Ensure the end-to-end contracting process is completed in a timely manner
Keep stakeholders informed throughout the procurement lifecycle
Support other categories such as Pricing, Reference Data, Exchanges, and Research/News as required
Collaborate with Third Party Risk Management teams to support policies and consistently apply procedures throughout the acquisition process
Perform duties in accordance with regulatory compliance guidelines
Report to the Sourcing and Category Strategy head of Market Data

Requirements

What you’ll need

8+ years of experience in category management, preferably within the Market Data or Index category, sourcing, procurement, vendor management, and commercial negotiations within a financial institution, data provider, consulting firm, or other global organization
Bachelor’s Degree
Proven experience in people management, including coaching, mentoring, developing team members, and providing Subject Matter Expert (SME) guidance and support
Detailed understanding of the language and structure of contracts, with experience reviewing, negotiating, and drafting agreements
Market Data Index experience a plus
Passion and deep understanding of sourcing processes across global organizations
Ability to work independently and within a team while effectively managing multiple priorities
Ability to work and thrive in an extremely fast-paced, ambiguous environment
Strong strategic thinking and problem-solving skills with attention to detail
Excellent written and verbal communication skills

Benefits

Comp & perks

Retirement savings plan (401K) with company match
Basic life, medical, dental, vision, long-term disability, and other optional additional insurance coverages
Paid time off including vacation, sick leave, short term disability, and family care responsibilities
Employee Assistance Program
Incentive compensation including eligibility for annual performance-based awards
Eligibility for certain tax advantaged savings plans
Inclusive development opportunities
Flexible work-life support
Paid volunteer days
Vibrant employee networks