Market Data Operations Associate

Gurgaon, India
19 May 2023
01 Jun 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

About this role

Team Overview:

The Index & Data Solutions team (IDS) is responsible for the index and market data strategy for the firm and the management of the commercial relationships with each provider. The Operations team within IDS handles all market data and index requests and works with the vendors address various reporting, invoice reconciliation & validation and other needs in timely manner. The group is comprised of three key areas: Client Onboarding & Servicing, Market Data Operations, and Index Licensing Operations.

Role Description:

We are looking for a highly energetic, ambitious, and motivated individual to join our Market Data Operation team in Gurgaon. This position will be mainly responsible for market data users' declaration, Market Data spend inventory management, invoice reconciliation & validation and market data month-end & reporting. The ideal candidate will be a great teammate, be passionate about performance, embrace innovation, able to work independently, pride themselves on their attention to detail, thrive in challenging environments and respond with the appropriate sense of urgency. This associate will be responsible for our day-to-day market data deliverables, project work related to transformation and respond to business inquiries.

Key Responsibilities:
  • Maintaining spend inventory in MDM in line with contracts and billing requirements
  • Declare users to various provider who used various services as per the contract with respective Providers.
  • Reconciling invoices for market data services in a timely manner to validate the invoices as per contracts terms
  • Market Data spend Month-end & providing reporting and analytics for internal partners
  • Proactively addressing any gaps in the inventory
  • Engaging in regular meetings with key vendors
  • Resolving any issues related to the contract setup, billing, and payment
  • Constantly striving to improve the quality of data and build efficiency in existing processes
  • Using available tools and platforms within BlackRock to create new scalable processes

We require the following skills and experience
  • Graduate or post-graduate degree in a related field or applicable work experience
  • Strong problem solving and analytical skills
  • Excellent time management and written and oral communication skills

The ideal candidate will also have the following experience
  • People management experience is preferred.
  • Strong problem-solving and analytical skills are a must
  • Some working knowledge of financial markets
  • Knowledge of Market data Providers and ability to interpret contract terms and conditions is helpful
  • Experience with DACS and market data inventory systems such as MDM or FITS proprietary systems will be a plus
  • Advanced Excel knowledge is must and experience working in VBA, SQL & Power BI is plus
  • Bold and proactive with a willingness to stretch outside comfort-zone
  • Self-starter, able to prioritize and deliver multiple assignments while maintaining high quality and consistent results

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

BlackRock's current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

About BlackRock

At BlackRock, 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 BlackRock, please visit | | Instagram: @blackrock | Twitter: @blackrock | LinkedIn:

BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.
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