Market Data Services Ids, Associate Job in Blackrock

Job Description: Vice President, Operations - Index & Data Solutions

About the Team:

The Index & Data Solutions (IDS) team at BlackRock is responsible for shaping and executing the firm s data strategy, overseeing relationships with data providers, and ensuring the smooth administration of market data services. The Operations team within IDS is looking for an experienced Vice President to lead a high-performing group of market data professionals in streamlining processes, managing contracts, and collaborating with multiple stakeholders to deliver exceptional operational excellence.

As Vice President, you will play a key role in overseeing end-to-end market data operations, from contract administration to invoicing and payment management. You will work closely with vendors, relationship managers, internal teams, and BlackRock s finance function to optimize data operations, drive process improvements, and ensure the firm s market data needs are met efficiently and accurately.

The ideal candidate will be a strategic and hands-on leader, passionate about performance, with experience in invoice operations management and process transformation. You should be comfortable interacting with senior internal and external stakeholders and possess strong problem-solving and data management skills.

Key Responsibilities:

Invoice Validation & Reconciliation:

• Review and validate invoices against the internal inventory of market data services.
• Research and resolve discrepancies to ensure accurate and timely invoice processing.
• Actively follow up with vendors and internal teams to resolve issues and ensure timely resolution.

Financial Reporting & Analytics:

• Prepare reconciliations to explain differences between internal service inventories and vendor invoices.
• Develop and maintain accurate reports on index and market data usage for providers.
• Prepare financial analytics and reports for internal stakeholders to aid in decision-making.

Process Improvement & Optimization:

• Identify opportunities for streamlining invoicing and data management processes.
• Use data insights to drive improvements and optimize operational efficiency.
• Contribute to the development of quality controls and continuous improvements in operational processes.

Vendor & Stakeholder Management:

• Act as a key point of contact for invoice and payment-related inquiries from vendors and internal teams.
• Develop and maintain strong relationships with external data providers to ensure smooth contract administration and service delivery.
• Partner with BlackRock's Finance team to manage market data budget accruals and ensure accurate financial reporting.

Team Leadership & Development:

• Lead and mentor a team of market data professionals, fostering a high-performance culture.
• Support the team in their growth, development, and delivery of market data solutions.

Requirements:

Experience:

• 5-8 years of experience in market data operations, invoice validation, or reconciliation.
• Proven track record of optimizing operational processes and implementing quality controls.

Educational Background:

• Degree in Business, Commerce, or a related field.

Technical & Analytical Skills:

• Proficiency in Excel and Microsoft Access; advanced skills preferred.
• Basic knowledge of financial markets and market data services.
• Strong analytical and problem-solving skills with an ability to translate complex issues into actionable solutions.

Communication & Leadership:

• Excellent oral and written communication skills, with the ability to interact effectively with senior stakeholders.
• A self-starter attitude with strong organizational skills and the ability to handle multiple priorities while maintaining composure.
• Proven ability to lead and contribute to team performance in an inclusive and diverse environment.

Our Benefits:

To ensure you remain energized and inspired, we offer an array of benefits that include:

• Strong Retirement Plan and comprehensive healthcare options.
• Tuition Reimbursement to support your ongoing learning.
• Flexible Time Off (FTO), allowing you to recharge and spend time with loved ones.
• Support for working parents, including various family-related benefits.

Our Hybrid Work Model:

At BlackRock, our hybrid work model fosters collaboration and personal development. Employees are required to work in the office at least 4 days a week, with flexibility to work from home 1 day a week. This approach ensures effective team collaboration while offering flexibility in your work-life balance.

About BlackRock:

At BlackRock, our mission is to help people experience financial well-being by offering innovative investment solutions. We are committed to helping individuals achieve their financial goals from saving for retirement to funding education, buying homes, or starting businesses. Our clients investments play a crucial role in driving global economic growth, supporting businesses, financing infrastructure, and fostering innovation.

Join us in making a difference in the world of finance and be part of an industry-leading firm.