Market Data Service (MDS), Analyst

Invesco Ltd. • Houston, TX

6d • Hybrid

About The Position

Provide independent commercial and operational oversight of Market Data Services, including vendor financial management, contract compliance, inventory governance, and spend optimization. Acts as a subject matter resource to global business partners and contributes to strategic cost control and data governance initiatives.

Requirements

• Experience working within the investment services industry, with a strong preference for exposure to index and ratings data (2+ years preferred)
• Solid understanding of market data commercial models, invoicing structures, and vendor management principles
• Hands-on experience managing a market data inventory system (Optimize Spend experience strongly preferred)
• Familiarity with major market data vendors, including Bloomberg, FactSet, Morningstar, Refinitiv, Exchanges, Rating Agencies, and research providers
• Experience reviewing and interpreting vendor contracts and commercial terms
• Good understanding of business drivers within an investment management environment
• Strong proficiency in Excel and comfort working with financial and usage data
• Strong interpersonal and client service skills, with the ability to resolve issues and negotiate effectively
• Calm, pragmatic, and confident, with a mature professional approach
• Highly organized and self-motivated, able to work independently or as part of a global team
• Detail-oriented, with a structured and disciplined approach to task execution
• Ability to manage competing priorities and work effectively under time constraints and deadlines
• Strong analytical and problem-solving skills with a methodical mindset
• Numerate, articulate, and able to communicate clearly with both technical and non-technical stakeholders
• Demonstrated ability to exercise independent judgment and discretion in matters involving vendor management, financial analysis, and operational governance

Nice To Haves

• Knowledge of Broker Soft Dollar procedures and methodologies is advantageous

Responsibilities

• Maintain accurate and up-to-date market data inventory records within Optimize Spend (F.I.T.S.), ensuring alignment with contractual terms and business usage
• Provide comprehensive administrative support across all Market Data Services processes
• Maintain detailed process documentation for invoice processing, pricing updates, and related workflows
• Analyze and validate vendor invoices against contractual terms and pricing structures, exercising judgment to identify discrepancies, financial risks, and optimization opportunities.
• Lead vendor billing issue resolution, engaging directly with vendors to negotiate corrections, enforce contractual terms, and ensure commercial accuracy
• Ensure accurate allocation of market data costs across internal business units
• Support annual budgeting, forecasting, and spend analysis activities
• Support the MDS senior team with vendor management for existing services and procurement of new data services
• Assist with contract reviews, renewals, and amendments, ensuring adherence to internal policies and governance standards
• Coordinate contract workflows through internal Legal and Compliance teams
• Act as a point of contact for vendor billing inquiries and service-related questions
• Assist with new market data service requests and workflow management via ServiceNow
• Coordinate with Technology Product and Support teams to onboard new data services and users
• Support internal business partners with market data access, entitlement requests, and general inquiries
• Ensure global consistency in market data policies, procedures, and usage agreements

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
• Career Level: Mid Level
• Education Level: No Education Listed