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The Role
Manage procurement and commercial administration for market data services, including vendor contracts, subscriptions, licensing, renewals, invoices, usage records, and expenditure. Oversee providers such as Bloomberg, FactSet, Refinitiv/LSEG, rating agencies, and exchanges. Negotiate commercial terms, identify savings opportunities, ensure licensing compliance, coordinate with Finance, IT, and business teams, and prepare spend reports, renewal schedules, budgets, and forecasts.
Summary Generated by Built In
Black Pearl Consult is hiring an Senior Procurement Specialist – Market Data Services (MDS) in Abu Dhabi to manage the procurement and commercial administration of Market Data Services, including financial-data subscriptions, vendor contracts, licensing, renewals and related expenditure.
Key Responsibilities
- Manage the procurement of Market Data Services and financial-information products.
- Handle vendors such as Bloomberg, FactSet, Refinitiv/LSEG, rating agencies, exchanges and similar service providers.
- Manage contracts, subscriptions, renewals, licences and vendor invoices.
- Maintain accurate records of market-data products, users, costs and contract terms.
- Use Optimize Spend or a similar platform to monitor inventory, usage and expenditure.
- Review subscriptions and identify unused, duplicated or unnecessary services.
- Negotiate pricing, commercial terms and renewal conditions with vendors.
- Support cost-saving and spend-optimisation initiatives.
- Ensure compliance with vendor licensing requirements and contractual obligations.
- Coordinate with Procurement, Finance, IT and relevant business teams.
- Prepare spend reports, renewal schedules and vendor-performance updates.
- Support budgeting and forecasting for market-data expenditure.
Requirements
To be considered for this role, you need to meet the following criteria:
- Approximately 8–10 years of relevant procurement experience.
- Strong, hands-on experience in Market Data Services procurement and vendor management.
- Experience managing Bloomberg, FactSet, Refinitiv/LSEG, rating agencies, exchanges or similar providers.
- Good understanding of financial-data subscriptions, licensing models and usage rights.
- Experience managing contracts, renewals, vendor invoices and market-data spend.
- Hands-on knowledge of Optimize Spend or a similar MDS inventory and spend-management system.
- Strong commercial negotiation and cost-optimisation skills.
- Previous experience in financial services is strongly preferred.
- CIPS or an equivalent recognised procurement qualification is an advantage.
- Experience working with reputable, well-established organisations.
- Stable employment history with good tenure in previous roles.
- Strong communication, stakeholder-management and analytical skills.
- Availability to join around the end of January or beginning of February.
Important: Candidates must have direct Market Data Services experience to be considered.
To know other vacancies we have, please feel free to visit our website - www.blackpearlconsult.com and follow us on our social media accounts - LinkedIn / Instagram
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Disclaimer: Black Pearl will never ask for money or any form of charge our candidates just to process or consider their application for any of our available vacancies. If you happen to receive such a request from any members of our staff or other individuals claiming to be part of Black Pearl, please do call our office at +9712 622 55 03 or drop us a message on our website - www.blackpearlconsult.com.
Skills Required
- Approximately 8-10 years of relevant procurement experience
- Hands-on experience in Market Data Services procurement and vendor management
- Experience managing Bloomberg, FactSet, Refinitiv/LSEG, rating agencies, exchanges, or similar providers
- Understanding of financial-data subscriptions, licensing models, and usage rights
- Experience managing contracts, renewals, vendor invoices, and market-data spend
- Hands-on knowledge of Optimize Spend or a similar market data inventory and spend-management system
- Commercial negotiation and cost-optimization skills
- Previous experience in financial services
- CIPS or an equivalent recognized procurement qualification
- Experience working with reputable, well-established organizations
- Stable employment history with good tenure in previous roles
- Strong communication, stakeholder-management, and analytical skills
- Availability to join around the end of January or beginning of February
- Direct Market Data Services experience
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The Company
What We Do
Black Pearl is a leading HR consultancy and specialist recruitment firm based in the UAE and GCC. They provide customized HR solutions, executive search, and strategic recruitment services across various corporate support, finance, accounting, and business operations roles, helping clients achieve success through tailored staffing and HR consulting services.
