Market Data Service, Associate

Invesco Ltd. • Houston, TX

140d

About The Position

Invesco is one of the world’s leading independent global investment firms, dedicated to rethinking possibilities for our clients. The position involves providing MDS commercial administrative support for global business partners and managing MDS spend. Responsibilities include inventory management using Optimize Spend, MDS invoice processing, contract review, and vendor relationship management.

Requirements

• 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 with Optimize Spend knowledge
• Experience with working with MDS vendors and products including those from 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

Responsibilities

• 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
• 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

Benefits

• Flexible paid time off
• Hybrid work schedule
• 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution
• Health & wellbeing benefits
• Parental Leave benefits
• Employee stock purchase plan

What This Job Offers

• Job Type: Full-time