Enterprise Vendor Management Expert
6 days ago
Boston Partners Global Investors, Inc. offers a competitive salary of $120,000 - $180,000 per annum for the role of Enterprise Vendor Management Expert.
About the RoleWe are seeking an experienced and skilled individual to lead our vendor management strategy, overseeing the full lifecycle of market data and enterprise vendor services.
Key Responsibilities- Market Data and Analytics:
- Cultivate strong relationships with top-tier market data vendors (e.g., Bloomberg, FactSet, Morningstar, MSCI, FTSE Russell, S&P, LSEG).
- Provide expert consultative support to business users on market data issues.
- Develop and execute the market data vendor governance and oversight program.
- Monitor and manage market data spend, inventory, users, and usage effectively.
- Generate and distribute regular service/spend reports for internal committees and management.
- Coordinate invoice payments with the finance team and third parties accurately and timely.
- Collaborate with Compliance to calculate hard/soft dollar payments precisely.
- Enterprise Vendor Management:
- Design and implement strategic vendor management approaches aligned with the firm's objectives.
- Lead contract negotiations, oversee contract reviews, and manage the renewal process to secure favorable terms and compliance.
- Establish performance metrics and regularly evaluate vendors, addressing issues promptly to ensure high-quality service delivery.
- Conduct thorough risk assessments for vendor relationships and implement mitigation strategies to ensure regulatory compliance and adherence to policies.
- Foster strong, collaborative relationships with vendors, regularly meeting to review performance and explore opportunities for improvement.
- Oversee the budget for vendor-related expenses, identifying cost-saving opportunities and optimizing vendor management processes.
- Collaborate with IT, Legal, and Finance to ensure cohesive vendor management practices and seamless technology integration.
- Generate regular reports on vendor performance, cost savings, and other key metrics to inform decision-making and strategic planning.
- Proactively identify service overlaps and gaps, optimizing service usage and ensuring alignment with the firm's strategic objectives.
- Bachelor's degree and a minimum of 5 years of equivalent experience in an investment management firm.
- Demonstrated expertise in vendor management within the investment management industry.
- In-depth knowledge of market data providers and analytics and research services.
- Experience with vendor management platforms (e.g., TRG Optimize/FITS).
- Strong project management and problem-solving abilities.
- Comprehensive understanding of compliance and regulatory requirements.
- Exceptional negotiation, communication, and relationship-building skills.
- Analytical proficiency with the ability to generate and interpret detailed reports.
- Ability to collaborate effectively across departments and manage multiple priorities.
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