Market Data Service, Associate

Invesco Job Opportunity

Provide MDS commercial administrative support for global business partners and to manage MDS spend. Inventory management using Optimize Spend (Formally F.I.T.S.), MDS invoice processing, contract review and vendor relationship management.

Key Responsibilities / Duties:

• Maintain process documentation for workflows relating to the invoice and MDS pricing update processes
• Process vendor invoices verified against contractual obligations to verify accurate billing and allocations within Market Data Services inventory system (i.e.: FITS: Optimize Spend)
• Deal with vendors on billing queries to resolve invoice variances and update MDS inventory system
• Provide a full range of MDS administrative support whilst maintaining all aspects of the market data inventory system
• Work alongside the MDS senior team to assist with MDS vendor management of existing services and procurement of new services and contracts
• Assist with new service requests and task flow application – Service Now
• Assist with the flow of new contracts through internal Legal teams and ensure use policies and procedures are followed globally
• Coordination with Technology Product and Support managers as appropriate with setting up and onboarding new services and data
• Assist with annual business budget planning and analysis
• Assist with managing MDS vendors on existing services and procurement of new service contracts
• Assist internal business partners with data requests and access through MDS platforms

Work Experience / Knowledge:

• Experience of working within the Investment Services industry – with a preference for Index and Ratings Data
• Good knowledge and confidence with using Excel
• Experience of vendor invoicing and MDS business principles
• Experience of managing an MDS inventory system from one of the key providers. Ideally someone with Optimize Spend knowledge
• Experience with working with MDS vendors and products including those from the key vendors - Bloomberg, Factset, Morningstar, Refinitiv, Exchanges, Rating Agencies, and Research vendors
• Experience and understanding of vendor contract language
• Understanding of the business drivers within an investment services company
• Understanding of Broker Soft $ procedures and methodology advantageous

Skills / Other Personal Attributes Required:

• Good inter-personal and client service skills combined with the ability to resolve conflict and negotiate solutions
• Calm, pragmatic, with a mature and self-confident approach
• Organized and self-motivated - able to use own initiative and function either in isolation or working as part of a team
• A structured and disciplined approach to carrying out tasks with particular attention to detail is essential
• Capable of working under time constraints and to deadlines
• Must have good problem-solving capabilities with an analytical, organized, and methodical approach
• Numerate and articulate with good communication skills