Job Information
Ameriprise Financial Vendor Manager in Minneapolis, Minnesota
In this role, you will be working as part of a global team to oversee and provide high-quality, cost-effective market data vendor management for multiple internal teams across EMEA and APAC. You will also maintain all aspects of assigned Market Data contracts and services in MDM (Market Data Service software) including renewals, financial reporting, monitoring usage and licensing requirements.
Key Responsibilities
Provide vendor management services across over 60 suppliers as detailed below:
Cost Control
Manage an inventory of services and associated costs
Provide regular and ad-hoc analysis of actual, planned and budgeted expenditure
Independently lead budgetary management process; including periodic forecasting, analysis of actual, planned, and budgeted expenditure and detailed level financial reporting
Identify and execute cost savings and cost avoidance through the contract renewal cycle
Quality Control
Maintain working relationships with suppliers
Own and manage all aspects of Operations and Investments Vendor contracts and services in MDM including new requests, contract renewals, contract cancellations, reporting, and usage management
Develop new reporting requirements and identifies enhancements to existing reporting practices
Maintain information on service measures, issue logs and contribute to an ongoing process of evaluating service quality
Plan, arrange, attend, and chair meetings with vendors
Work with legal and finance to ensure effective controls over key documentation (contracts, Service Level Agreement [SLA] etc)
Participate in Vendor Risk Assessment (VRA) calls and manage all subsequent actions with vendors through to completion in a timely fashion
User Support
Maintain relationships with service owners in the business, understanding current perceptions of supplier services and priorities for change
Ensure information on supplier issues or changes are communicated appropriately within the business
Manage individual interactions with business partners and collaborate with the internal peers to drive process enhancements, participation on audits, installations, service removals, and system improvements
Manage the delivery of services to end users via co-ordination of training and the roll-out of new services
Advise users on information/data resources available to them through existing and possible licenses
Liaise with Technology to ensure upgrades and enhancements are rolled out effectively
License management
Maintain a catalogue of data licenses, permitted and non-permitted use Provide support on queries on standard contractual terms and conditions
Provide advice on permitted usage of data and communication to users to ensure any constraints are understood and adhered to Service changes and procurement
Manage change request process, ensuring policies and processes for service change requests and procurement are followed
Participate and lead project activities that require 3rd party data, these can vary from leading small initiatives to being part of global transformation projects
Required Qualifications
Bachelor’s degree
5-7 years of relevant experience
Preferred Qualifications
Vendor Management experience in the banking industry is strongly preferred
Proven track record of achievement in a supplier management role, ideally dealing with Market Data services to a financial services organization
Commercial skills (experience in contract negotiation, contract content, SLA structure and general procurement process)
Excellent interpersonal and communication skills, both verbal and written
Strong communication and influencing skills across varying leadership levels
Tenacious self-starter able to work to a demanding schedule and deliver to specific deadlines
Industry knowledge of data vendors, products and services is preferred
Proven ability to create meaningful data analysis and metrics to support business needs.
Strong Excel skills (including the use of formulas and functions)
Previous experience of MDSL (Market Data Service Ltd) or similar market data management too
About Our Company
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Finance
Line of Business
BANK Bank