About this role

At Black Rock, our smartest investment is you. We are a global investment manager helping more and more people experience financial well-being. Black Rock’s business is investing on behalf of our clients, from large institutions to parents, grandparents, doctors and teachers who entrust their savings to us.  We are committed to our clients – period. Our promise is to offer them the clearest thinking about what to do with their money and the products and services they need to secure a better financial future.

That’s why investors of all kinds have made us the world’s largest asset manager, entrusting us with trillions of dollars, and it’s also why companies, institutions and global governments come to us for help meeting their biggest financial challenges.

About Index & Data Solutions (IDS)

Financial information is at the heart of what Black Rock does. The Index & Data Solutions team (IDS) is responsible for sourcing the index and market data that supports the firm’s investment and risk management products and services as well as managing the relevant commercial relationships, focusing on fostering & maintaining strong partnerships with the largest and most strategic index and data providers.  To do this well, IDS (i) support the most strategic initiatives of Black Rock as those initiatives relate to market data providers and (ii) works closely with key internal business stakeholders to ensure we maintain strong alignment on business strategy and partner effectively to resolve challenges.

The Role

The team is looking for a VP to join the Relationship Management function who will (i) contribute meaningfully to managing relationships with our strategic data providers, with a focus on understanding the legal underpinnings of data Licensing and intellectual property (IP) (ii) keep up to date with industry initiatives that affect those relationships and keep the business informed of them, especially around the impact of AI on the usage rights Black Rock can make of 3rd party content, without exposing Black Rock to risk and (iii) keep up to date with the fast changing regulatory landscape for market data and how that impacts Black Rock and our clients,

The best candidate for this role will understand the importance of our firm’s culture & principles in driving execution, and how to “connect the dots” with businesses & functions across the firm to achieve the best commercial outcomes with high provider partnership and accountability. To be successful in this role will require the ability to identify and prioritize critical issues while demonstrating outstanding communication and organizational skills in progressing and resolving.

The successful candidate will need to be able to converse and influence C Suite executives on a wide range of issues relating to their subject matter expertise.

Key Responsibilities:

• Be the lead in developing deep relationships with major business units within Black Rock, Black Rock Global Markets, Black Rock Tech & Ops, all on a global basis. This will entail:

• Developing relationships with senior (COO) colleagues in those groups to make sure IDS meets their needs.

• Working with IDS colleagues who own relationships with other business units (PMG, Aladdin, etc.) to make sure we have a consistent message to those business units, and we are sharing best practices on how IDS best serves those businesses.

• Working with those business units to develop data strategies so they are best prepared to meet their immediate and long-term objectives.

• Understanding the legal underpinnings of our relationships with strategic vendor partners and be able to convey those to senior management.

• Working with other members of the IDS team to ensure consistency across IDS in implementing best practices and working with senior members of the IDS team to implement streamlined processes, especially as it involves the potential use of AI from vendors. Developing deep, constructive relationships with our key market data partners by building mutually beneficial commercial engagements. You will be a key resource in managing those relationships and will be responsible for ensuring they are mutually productive.

• Partnering closely with our Legal team and senior management to ensure contracts with our market data providers include favorable terms at the lowest risk and optimal cost.

• Holding market data providers accountable for service delivery according to agreed expectations.

• Negotiating and driving to conclusion the market data contract process with providers ensuring relevant business needs are covered and fees are clearly documented.

• Monitoring upcoming contract renewals and expirations

• Understanding the fast-changing regulatory landscape as it applies to market data and be an active member of internal Black Rock committees that interpret how those regulations will affect Black Rock and our clients.

Required Education and Skills:

• Bachelor's degree preferably in finance, business, economics or related area.

• Minimum of 7 years of data provider relationship management & contracting experience.

• Exposure to previous strategic market data provider licensing issues would be an advantage.

Preferred Education and Skills:

• Knowledge of the financial services industry.

• Experience in commercial negotiations, data licensing and provider partnerships.

• Deep understanding of the market data/index and portfolio risk landscape and providers.

• Experience with index, ratings and other core data providers.

• Knowledge of provider risk management frameworks, processes and tools.

• Willingness to learn and contribute is essential.

For New York, NY Only the salary range for this position is USD**$140,000.00** - USD**$200,000.00** . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. Black Rock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

For Princeton, NJ Only the salary range for this position is USD**$127,500.00** - USD**$184,000.00** . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. Black Rock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

Black Rock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at Black Rock.

About Black Rock

At Black Rock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on Black Rock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

Black Rock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

Black Rock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.

Assistance@blackrock.com. All requests are treated in line with our privacy policy.

Black Rock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.