Market Data Service, Associate

Overview

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.

• 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 Purpose:
Provide MDS commercial administrative support for global business partners and to manage MDS spend. Inventory management using Optimize Spend (formerly F.I.T.S.), MDS invoice processing, contract review and vendor relationship management.

Key Responsibilities / Duties:

• 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 the Market Data Services (MDS) 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
• Coordinate 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

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

• Good inter-personal and client service skills combined with the ability to resolve conflict and negotiate solutions
• Calm, pragmatic, with a mature and self-confident approach
• Organized and self-motivated - able to use own initiative and function either in isolation or working as part of a team
• A structured and disciplined approach to carrying out tasks with particular attention to detail is essential
• Capable of working under time constraints and to deadlines
• Must have good problem-solving capabilities with an analytical, organized, and methodical approach
• Numerate and articulate with good communication skills
• Provide MDS commercial administrative support for global business partners and to manage MDS spend. Inventory management using Optimize Spend (formerly F.I.T.S.), MDS invoice processing, contract review and vendor relationship management.

• Full time
• Employee
• No (Job Exempt)

The Workplace Model reflects Invesco’s policy that employees are expected to comply with the firm’s current workplace model, including spending time in an Invesco office. The information provided is not a comprehensive inventory of duties and qualifications and may be adjusted by management as needed.

Invesco is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with applicable U.S. state and federal laws governing non-discrimination in employment.