Market Data Procurement Analyst

Role Title: Market Data Procurement Analyst

Department: Procurement

Location: London

Permanent

Department Overview:

The Procurement function at BlueCrest is centralised within the London office but this role is Global in nature. The successful candidate will need to support the delivery of the firm’s requirements across, London, New York, Singapore, Jersey, Geneva, Dubai and several smaller office locations. The role will require an individual with a commercial and enquiring nature to understand the varied and sometimes complex requirements across all BlueCrest departments, and demonstrate a track record of delivering best in class procurement solutions whilst, optimising cost within a complex global environment.

The Market Data Procurement function at BlueCrest is responsible for all elements of the Market Data value chain, including sourcing, business analysis, compliance and administration. The individual will be key to the ongoing successful delivery of the Market Data Procurement function at BlueCrest, and specifically managing the complex needs associated to a fast-moving procurement department. It is essential that the candidate demonstrates the ability to work as a team member, build successful relationships both internally and externally as well as support the various departments and their needs.

Role Requirements:

• Delivering in accordance with the Global Procurement Strategy and Category Strategies for Market Data and Research.
• Responsible for the end-to-end procurement within your respective category
• Accountable for driving commercial value and exercising best practice in accordance with a high performing organisation.
• Maintaining the Contract Database/ Market Data Inventory and carrying out regular reviews of all category contracts.
• Collaborate with key stakeholders and develop relationships both internally and externally to drive value-add engagements.
• Commercially astute and able to independently lead negotiations with Market Data and Research providers.
• Utilise knowledge of the Financial Services sector (including regulatory and compliance matters), to facilitate the firm’s adherence to both reporting and audit obligations.
• Liaise with front office and back office stakeholders to ensure purchasing requirements are understood and comply with internal governance and procurement policies.
• Lead commercial negotiations and facilitate contractual negotiations, for both new requirements as well as contract renewals. This will require the candidate to partner closely with the following internal stakeholders in the delivery of their tasks: Front Office, Market Data and Technology teams, Legal, Finance, Accounts Payable, Tax and Compliance.
• Manage and ensure all required due diligence checks are carried out on all new suppliers to BlueCrest (KYC).
• Value-add stakeholder and vendor management as well as commercial insight across Market Data and Research.
• Supporting line manager to deliver continued strategic solutions for the Global Procurement team and collaborating with wider team members

Experience Needed:

• Experience within Financial Services, operating within a Market Data or Procurement role.
• Proven track record of identifying and delivering commercial savings and optimisation projects.
• Familiarity with vendors such as Bloomberg, ICE, CME etc and their commercial/licensing nuances.
• Experience of Market Data reporting, audits and licensing knowledge.
• Strong experience negotiating commercial contracts and partnering with in-house legal teams.
• Ability to manage and prioritize multiple projects in a fast-moving environment.
• Good working knowledge of Market Data Inventory systems (Calero MDM, TRG Screen Optimize Spend)
• Familiarity of Commodities business units and vendors (desirable)

BlueCrest is committed to providing an inclusive environment for its workforce. As an employer, we provide equal opportunities to all people regardless of their gender, marital or civil partnership status, race, religion or ethnicity, disability, age, sexual orientation or nationality.

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