Senior Manager, Vendor Relations at Fidelity Investments

Westlake, Texas, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

NoVisa

Financial Services, Market DataIndustries

Requirements

Bachelor’s degree strongly preferred, Paralegal Degree a plus
Deep experience reviewing contracts, negotiating terms and conditions with vendors
Several years general procurement experience in a Financial or Market Data category preferred
Strong organizational skills with the ability to prioritize, set timelines and meet achievements
Experience facilitating meetings and leading complex discussions with vendors
Experience managing vendor relationships required
Proven ability to build strong relationships at all levels of management
Excellent verbal and written communication skills and ability to tailor messages to various audiences
Advanced skills in MS Word, PowerPoint, and Excel
Ability to work both independently and within a team environment
Strong attention to detail and ability to exercise good judgement in all facets of work
High level of curiosity enabling the desire to research and understand new topics
Ability to draw conclusions from both data analysis and information captured from business partners

Responsibilities

Maintain and strengthen partnerships for a specified portfolio of various critical market data third-party providers
Collaborate with business partners and vendors to negotiate market data contracts
Serve as a vendor relationship manager
Ensure adherence to vendor-related risk policies to protect Fidelity
Work closely with Business Unit Subject Matter Experts, key stakeholders, and the Vendor Risk Center of Excellence to monitor and elevate critical vendor relationships
Partner with Business Unit Subject Matter Experts and Vendor Administration team to align ongoing vendor initiatives and complex vendor renewals
Negotiate pricing and commercial terms with vendors during contract negotiations and complex renewals
Read, review, and edit contract documents
Work with vendors to complete required compliance tasks to safeguard Fidelity & mitigate risk
Facilitate relationship and performance meetings with vendors
Monitor and address vendor performance; identify and escalate concerns to the appropriate parties

Skills

Key technologies and capabilities for this role

Contract NegotiationVendor ManagementProcurementRisk ManagementRelationship ManagementCompliancePricing NegotiationContract ReviewStakeholder CollaborationPerformance MonitoringMeeting Facilitation

Questions & Answers

Common questions about this position

What qualifications and skills are required for the Senior Manager, Vendor Relations role?

A Bachelor’s degree is strongly preferred with a Paralegal Degree a plus, along with deep experience reviewing contracts and negotiating terms with vendors, several years of general procurement experience in Financial or Market Data preferred, strong organizational and communication skills, advanced MS Office skills, and experience managing vendor relationships.

What does the Vendor Relations team do at Fidelity Investments?

The Vendor Relations team consists of Vendor Managers, Contract Specialists, and Lawyers who provide outstanding service specializing in market data and research service relationships and negotiation strategies, collaborating with groups across Fidelity including finance, risk, legal, and compliance.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

What makes a strong candidate for this Senior Manager, Vendor Relations position?

Strong candidates will have deep contract review and negotiation experience in financial or market data procurement, proven vendor relationship management skills, excellent communication to lead complex discussions, and the ability to work independently or in teams while exercising good judgment.

Fidelity Investments

Investment management and financial services provider

About Fidelity Investments

Fidelity Investments offers a range of financial services and tools designed to help individuals manage their investments and stay informed about the markets. Their products include mobile applications and market monitoring tools that provide users with real-time market quotes, news, and trading capabilities. For example, the Fidelity Market Monitor for Glass delivers daily market quotes directly to Google Glass, while the Fidelity app for Windows Phone 8 allows users to access news and trading tools on their mobile devices. Additionally, features like the Watch List Visualization for iPad help users track stock price changes over time using a heatmap. What sets Fidelity apart from its competitors is its focus on integrating new technologies and user-friendly interfaces to enhance the investment experience. The goal of Fidelity Investments is to empower individuals with the information and tools they need to make informed financial decisions.

Boston, MassachusettsHeadquarters

1946Year Founded

$120,238.8MTotal Funding

DEBT_FINANCINGCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Mental Health Support

Hybrid Work Options

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Parental Leave

Student Loan Assistance

Tuition Reimbursement

Risks

Loss of key personnel like Gita Bal may impact Fidelity's research capabilities.

Increased competition from Vanguard's new division could draw clients away from Fidelity.

Potential reputational risk from Bitcoin ETF outflows could affect Fidelity's offerings.

Differentiation

Fidelity Labs offers innovative beta products like Market Monitor for Google Glass.

Fidelity's mobile solutions are available on multiple platforms, including Windows Phone and iPad.

Fidelity's Open Limit Order Visualization provides unique insights into order execution proximity.

Upsides

Increased adoption of wearable tech could boost Fidelity's mobile solutions.

Growing interest in Bitcoin ETFs suggests expansion in Fidelity's digital asset offerings.

Rise of AI could benefit Fidelity's data analytics and AI-driven investment strategies.

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