Market Data Reporting & Analytics, AVP

State Street•Boston, MA

2d•$80,000 - $140,000

About The Position

Responsible for managing market data financial operations, including invoice reconciliation, spend reporting, financial governance, and process improvement initiatives. Manages and maintains supplier, contract, and financial data within Optimize Spend (FITS) to ensure accuracy and data integrity. Ensures market data expenses are accurately validated against contractual commitments, invoices are processed in a timely manner, and reporting obligations are completed accurately. Partners with Procurement, Finance, Account Management, vendors, and business stakeholders to support operational excellence and financial transparency.

Requirements

Proficient in Optimize Spend (FITS)
Ability to build strong relationships with businesses, procurement, and vendors
Strong communication skills both verbal and written
Strong analytical skills and comfort with data manipulation, financial modeling, reconciliation
Strong MS Office skills – Excel, Access, Powerpoint, Word
Project management experience
Strong Attention to Detail and Organizational Skills
Bachelor's degree in Finance, Accounting, Business Administration, Economics, Information Systems, or a related field required.
5+ years of experience in Market Data, Procurement, Vendor Management, Financial Operations, Sourcing, Finance, or a related discipline within the financial services industry.
Experience managing market data vendor invoices, contract reconciliation, spend reporting, financial governance, and operational controls.
Hands-on experience with Optimize Spend (FITS) or similar market data inventory, expense management, or procurement platforms.
Demonstrated ability to analyze large datasets, perform reconciliations, identify discrepancies, and provide actionable insights.
Advanced proficiency in Microsoft Excel, including pivot tables, formulas, data analysis, and reporting.
Proven ability to drive process improvements, automation initiatives, and operational efficiency programs.
Excellent verbal and written communication skills, with the ability to effectively present information to senior management and business stakeholders.
Strong attention to detail and a commitment to data accuracy, financial controls, and governance standards, while demonstrating a proactive, self-motivated approach and the ability to work independently and collaborate effectively across global teams.

Nice To Haves

Market Data product knowledge and experience preferred
Experience with Access, PowerPoint, Power BI, Tableau, or other reporting tools is preferred.
Experience within a global financial institution and/or market data procurement organization is strongly preferred.
Preferred understanding of market data products, licensing models, exchange fees, and vendor billing practices, along with knowledge of financial markets, investment products, trading platforms, and market data consumption practices.

Responsibilities

Maintain supplier, contract, and market data inventory records within Optimize Spend (FITS) to ensure data accuracy and completeness.
Perform data quality reviews of Optimize Spend (FITS) records, identifying and resolving missing, inaccurate or outdated information.
Generate and analyze reports from Optimize Spend (FITS) to support spend reporting.
Identify opportunities to improve Optimize Spend (FITS) processes, reporting capabilities, and data management practices through automation and standardization.
Manage the end-to-end invoice reconciliation process, ensuring vendor invoices are validated against contractual terms and supporting documentation.
Maintain ownership of assigned billing accounts and drive timely completion of reconciliation activities.
Prepare and review invoice walks and reconciliation packages for approval and payment processing.
Track and support Financial Case governance activities, ensuring savings and avoidance initiatives are appropriately documented.
Collaborate with Sourcing, Account Management, vendors and business partners to resolve invoice and contract issues.
Identify opportunities for process improvements and automation to increase efficiency and reduce manual effort.
Assist with project work, including remediation efforts, operational initiatives, and special assignments.
Maintain strong relationships with internal stakeholders and external vendors.

Benefits

our retirement savings plan (401K) with company match
insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
paid-time off including vacation, sick leave, short term disability, and family care responsibilities
access to our Employee Assistance Program
incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans)
eligibility for certain tax advantaged savings plans
inclusive development opportunities
flexible work-life support
paid volunteer days
vibrant employee networks