Job Description
About Invesco As one of the world’s leading independent global investment firms, Invesco is dedicated to rethinking possibilities for our clients. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world. If you're looking for challenging work, intelligent colleagues, and exposure across a global footprint, come explore your potential at Invesco. What’s in it for you? Our people are at the very core of our success. Invesco employees get more out of life through our comprehensive compensation and benefit offerings including: 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 Job Description Job Purpose : 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. Key Responsibilities / Duties: Market Data Administration & Inventory Management 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 Invoice Processing & Financial Control 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 Vendor & Contract Support 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 Service Requests & Stakeholder Support 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 Work Experience / Knowledge 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 Knowledge of Broker Soft Dollar procedures and methodologies is advantageous Strong proficiency in Excel and comfort working with financial and usage data Skills & Personal Attributes 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-techni