Market Data Services IDS, Associate

About this role

About the Team:

The Index & Data Solutions team (IDS) is responsible for the index and data strategy for the firm and the management of the commercial relationships with each provider. The Operations team within IDS is looking for a hands-on experienced Vice President to lead a team of market data professionals & help transform processes. This team handles the end-to-end administration of contracts by supporting the IDS relationship managers during the negotiation phase, maintaining an inventory of active contracts, validating invoice payments, declaring data usage to vendors, and partnering with BlackRock’s Finance team to manage market data budget accruals. 

The ideal candidate will be high-energy, ambitious, passionate about performance and excited about an opportunity to lead a high performing team. We are seeking a great leader with a proven track-record of successfully managing people preferably from an invoice operations management background.  Must be an excellent communicator and comfortable interacting with senior audiences both internally at BlackRock and with external data providers.  A critical thinker with strong problem-solving skills and the ability to simplify complex matters, assess problems and execute on solutions is required. Excellent data management skills will be ideal.

Key Responsibilities:

• Review and validate invoices against the internal inventory of index & market data services

• Research and resolve discrepancies to ensure accurate and timely invoice processing

• Actively follow up with vendors and internal colleagues to ensure timely issue resolution

• Respond to invoice & payment related inquiries

• Prepare reconciliations to explain differences between the inventory of services and invoices

• Assist in maintaining accuracy of internal inventory of services in use & corresponding fees

• Develop a keen understanding of factors that impact invoicing, utilize that knowledge to identify ways to improve and streamline processes

• Prepare index & market data usage reports for providers

• Prepare financial reports and analytics for internal stakeholders

Requirements:

• Experience Required – 5-8 years

• Degree in Business, Commerce or related field

• Invoice validation or reconciliation of expense accounts experience preferred.

• Proven track record of contributing to the optimization of new operational processes and quality controls.

• Basic knowledge of Financial Markets

• Advanced Excel & some Microsoft Access knowledge preferred

• Strong problem solving and analytical skills

• Excellent time-management skills

• Excellent communicator (oral and written) and a self-starter attitude who can deliver despite challenges

• Highly organized, adaptable, with a sense of urgency and ability to handle multiple priorities, meeting deadlines while maintaining composure and integrity.

• Enjoy working in and contribute to an inclusive & diverse environment

• Team player who contributes to overall team performance and objectives

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.