Senior Manager, Vendor Relations

1 week ago

Westlake, TX, United States Fidelity Investments Full time
Job Description:

The Role

Relying on strong relationship, communication and organizational skills, the Senior Vendor Manager will maintain and strengthen partnerships for a specified portfolio of various critical market data third-party providers used throughout Fidelity Investments. Collaborating with business partners and vendors, the Senior Manager, Vendor Relations will negotiate market data contracts, will serve as a vendor relationship manager, and will help to protect Fidelity by ensuring we are adhering to vendor-related risk policies. You will work closely with Business Unit Subject Matter Experts, key stakeholders, and the Vendor Risk Center of Excellence to monitor and elevate critical vendor relationships. Specific job-related tasks you will be responsible for:
  • Partnering with Business Unit Subject Matter Experts and Vendor Administration team to align ongoing vendor initiatives and complex vendor renewals
  • Negotiating pricing and commercial terms with vendors during contract negotiations and complex renewals
  • Reading, reviewing, and editing contract documents
  • Working with vendors to complete required compliance tasks to safeguard Fidelity & mitigate risk
  • Facilitating relationship and performance meetings with vendors
  • Monitoring and addressing vendor performance; identifying and escalating concerns to the appropriate parties
  • Note: Fidelity will not provide immigration sponsorship for this position.
The Expertise and Skills You Bring
  • Bachelor's degree strongly preferred, Paralegal Degree a plus
  • Deep experience reviewing contracts, negotiating terms and conditions with vendors
  • Several years general procurement experience in a Financial or Market Data category preferred
  • Strong organizational skills with the ability to prioritize, set timelines and meet achievements
  • Experience facilitating meetings and leading complex discussions with vendors
  • Experience managing vendor relationships required
  • Proven ability to build strong relationships at all levels of management
  • Excellent verbal and written communication skills and ability to tailor messages to various audiences
  • Advanced skills in MS Word, PowerPoint, and Excel
  • Ability to work both independently and within a team environment
  • Strong attention to detail and ability to exercise good judgement in all facets of work
  • High level of curiosity enabling the desire to research and understand new topics
  • Ability to draw conclusions from both data analysis and information captured from business partners


The Team

Vendor Relations is a team of Vendor Managers, Contract Specialists and Lawyers that provide outstanding service, specializing in market data and research service relationships and negotiation strategies for the Firm. We are part of the larger Fidelity Fund and Investment Operations business unit supporting the acquisition, management, dissemination, and use of data across the Firm. In Vendor Relations, we collaborate with groups across Fidelity including finance, risk, legal and compliance along with numerous investment teams providing opportunities to expand your network and gain a better understanding of the business.

Certifications:

Category:

Procurement

Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles.

Please be advised that Fidelity's business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.

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