Market Data – Vendor Manager – Associate - Toronto
Posted 17 days ago
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The Vendor Data Products Vendor Management Associate will negotiate data licensing and commercial terms with third-party vendors and manage high-profile vendor relationships for contract negotiations, renewals, and oversight. The role coordinates with internal sponsors, legal, Technology Risk, Compliance, and the Vendor Management Office to ensure vendor solutions meet firm policies and standards. You will identify cost-saving opportunities, engage senior stakeholders across the firm, and support strategic projects including building a Digital Rights Management (DRM) platform. The role offers exposure to a broad array of market data products and requires strong vendor negotiation, stakeholder engagement, and project management skills.
- Compensation
- $100,000 – $150,000 CAD
- City
- Toronto
- Country
- Canada
Currency: $ (CAD)
Full Job Description
Vendor Data Products Team
The VENDOR DATA PRODUCTS team at Goldman Sachs delivers analytics, pricing and reference data, both real-time and historical reflecting all major markets and financial instruments to our internal and external clients.
The Vendor Data Products Vendor Management sub-team is responsible for negotiating all data licensing and commercial terms with third party vendors. The team coordinates directly with internal business sponsors on data requirements as well as legal counsel, Technology Risk, Compliance and the Vendor Management Office - to ensure vendor solutions meet firm policies and standards. The role provides the opportunity to identify cost saving opportunities and build strong relationships with all divisions in the Firm while supporting strategic projects.
Why join the team?
- We are a collaborative and global team responsible for over 400 vendor relationships
- Opportunity to work closely with business stakeholders across all areas of the Goldman Sachs business to understand client requirements and support strategic projects
- We are at the forefront of driving industry change in digital rights and are building a Digital Rights Management (DRM) platform to revolutionize data licensing
- Exposure to a broad array of products as well as many different aspects of the business since market data is a critical enabler for our businesses
- As the primary representative for Firm, you will be accountable for maintaining the Firm’s reputation with our suppliers
- Ownership of high profile vendor relationships for new contract negotiations, renewals and all other vendor oversight activities
- You will thrive in a work environment that requires strong problem solving skills and independent self-direction, coupled with an aptitude for team collaboration and open communication
Basic Qualifications/Experience
- Project or product management experience in global and/or large-scale delivery environment
- A solid understanding of PMO fundamentals (e.g. project planning, risk management, stakeholder engagement, reporting)
- Highly motivated individuals who enjoy fast-paced environments and have a track-record of meeting agreed timelines
- Strong experience in vendor negotiation and relationship management
- Senior stakeholders engagement; ability to confidently communicate with and influence
- General understanding of market data licensing terms
Preferred Qualifications
- Vendor management, data licensing and/or business analysis experience
- Market data domain expertise and industry awareness
- Experience managing projects in Jira
- Experience of the MDSL MDM inventory system
Salary Range
The expected base salary for this Toronto, Ontario, Canada-based position is $100,000 - $150,000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
