Market Data Commercial Owner

Join us as a Market Data Commercial Owner, where you will shape the future of Banking at Barclays. In this role you will be supporting Procurement by proactively managing a specified group of vendors within their relevant alignment with the overall Market Data strategy.

To be successful as a Market Data Commercial Owner, you should have:

• Investment Banking or Financial services industry experience, within a Market Data role.

• Deep knowledge of Market Data Services (specifically indices) and use within financial services.

• Experience in commercial and contractual negotiations.

• Senior stakeholder engagement.

Some other highly valued skills may include:

• A keen eye for detail.

• Understand Finance & cost allocation process.

• Strong MS Office skills.

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

This role is based in London.

Purpose of the role

To partner with key stakeholders and forums to oversee Procurement service delivery, provide advice and develop procurement strategy to meet both the needs of the business and Procurement.

Accountabilities

• Development & implementation of the wider Procurement strategy in collaboration with stakeholders and Procurement domains.
• Implementation of the procurement strategy aligned to the bank’s objectives and relevant regulators, through the prioritisation and use of Procurement resources.
• Provide expertise on Procurement policies and procedures, third party risk, sourcing strategy and supplier relations to business stakeholders through education.
• Act as a point of escalation for Procurement service and delivery issues for business stakeholders.
• Act as the primary interface for Procurement with senior stakeholders in the business, developing & utilising relationships and influence to deliver improvements in key indicators and objectives.
• Identification of & where applicable, delivery of opportunities for business cost savings, client experience, service improvement & Procurement efficiency.
• Voice of the business with Procurement domains, developing and utilising relationships & influence to impact Procurement service delivery.
• Provide insights and actionable intelligence to business stakeholders to support business decision making to improve the commercial & risk profile of the business.
• Support the business with strategic activity acting as the Procurement representative for key business change programmes, acquisitions and divestments.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
• OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.