What are the responsibilities and job description for the State Street Global Advisors - Head of Market Data, Managing Director position at State Street Corporation?
State Street Global Advisors (SSGA) is seeking a Head of Market Data to work collaboratively across SSGA business units and with partners across Procurement, Finance and Legal teams at State Street Bank and Trust Company (SSBT) enterprise, ensuring the effective management and administration of market data services. This role will report to the SSGA SVP, Head of North America Operations and will play a critical role in the daily management of all aspects of the Market Data procurement and ongoing management lifecycle. The role will provide an opportunity to work across the SSGA organization including all business, operations, technology, Global hubs (Poland, India, and China) to drive results, support strategic initiatives, improve processes, foster collaboration and alignment, and achieve more efficient market data operational performance and expense management.
The Head of Market Data is a key leader in enabling SSGA to execute on our priorities. The successful candidate will be highly resourceful, self-motivated and possess strong written and verbal communication, project management and analytical / financial skills. The ideal Head of Market Data will have a combination of focus and adaptability and display an eagerness to collaborate on a wide variety of tasks. The individual will also possess a high level of personal and professional integrity and sound judgment with the ability to work effectively with senior business leaders.
What you will be responsible for
- Provide ownership of SSGA's top Market Data vendors (e.g., Bloomberg, FactSet, etc.).
- Represent SSGA on all SSBT enterprise-wide discussions regarding market data vendors.
- Collaborate and partner with teams across the SSBT enterprise (e.g., Procurement, Third Party Risk Management, other parties leveraging the vendor) to ensure that SSGA receives the best rates and best level of service from the vendors.
- Establish and manage relationships with the SSGA business teams to develop and maintain a comprehensive understanding of the market data products and services used by GA and the various use cases for the data.
- Articulate the SSGA requirements for the vendor and the general importance of the vendor to the rest of SSBT.
- Proactively and strategically manage the commercials, budgeting and spend related to the market data vendors, in partnership with Finance.
- Strategically manage SSGA demand for market data by collaborating with key stakeholders across the SSGA business to document the pipeline, define priorities and streamline the scope of SSGA's market data needs.
- Implement Market Data usage controls and tollgates.
- Proactively manage SSGA's overall vendor costs to ensure we are investing wisely with the right vendors. Identify opportunities to consolidate spending or reduce and control ongoing costs.
- For market data services, this includes understanding how data flows across various systems and optimizing the end-to-end process.
- Collaborate with Data Governance team to implement requirements for Market Data domains.
These skills will help you succeed in this role :
Education & Preferred Qualifications
Are you the right candidate? Yes!
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
About State Street Global Advisors
What We Do. As the asset management arm of State Street Corporation, State Street Global Advisors has served the world's governments, institutions and financial advisors for over four decades. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become one of the world's largest asset managers with trillions of dollars under our care.
Our Mission. At State Street Global Advisors our mission is to invest responsibly to enable economic prosperity and social progress. We are driven by a desire to help our clients, and those who rely on them, achieve a better future. We have a long history of developing innovative investment strategies to provide our clients with reliable and transparent returns, cost-effectively, and without excessive risk.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to Flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Salary Range :
170,000 - $282,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Job Application Disclosure :
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
State Street's Speak Up Line
Salary : $170,000 - $282,500
