Title:  Sourcing Market Data Services

About Chain IQ

Join our Team

It is an exciting time at Chain IQ and our team in London are looking for a Senior Sourcing Consultant in Market Data Services

Chain IQ generate value far beyond cost reduction. We transform our client’s indirect procurement towards a world-class, resilient, ethical and digitalized end-to-end function. We promote a culture of collaboration and shared excellence while encouraging an open and honest exchange of ideas. We offer the potential for significant corporate growth and career development.

Our ambition is to strengthen the existing highly experienced team to provide the best in industry support to our growing client base.

Role Purpose

The primary purpose is to deliver value-add sourcing services to clients in a structured, professional and consistent manner. 

Responsibilities

We are currently seeking a Senior Consultant to join the Market Data Services Team. The Market Data Services Sourcer needs to be a dynamic, highly client-focused individual with an understanding of the end-to-end MDS operational process.

Main responsibilities will include:

• Leading a team on client site and responsible for team to deliver on client’s targets

• Establishing and maintaining strong relationships with clients
• Understand the client’s business practices and requirements and shaping deals to meet those requirements.
• Conducting information and commercial tenders and managing the evaluation with the clients’ stakeholders to determine optimal supplier selection.
• Negotiating deals to achieve optimal commercial terms for the client.
• Leading assigned MDS initiatives (including Demand and Savings challenges) which will vary in terms of client, scope and scale.
• Building and presenting potential solutions to assigned initiatives.
• Reviewing and negotiating vendor contracts terms and conditions to ensure the most beneficial impact for the client.
• Providing advice on best practices for ongoing contract management and licensing issues.
• Leverage knowledge and experience to manage and provide input to client cost efficiency exercises that will reduce costs and enhance data usage.
• Provide advice on contract usage rights to ensure the client is compliant with existing terms and conditions.
• Working with Client on savings targets, displacement opportunities and RFPs where appropriate.
• Maintaining MDS industry awareness which will contribute to the Chain IQ MDS value chain.
• Adhering to the Chain IQ corporate standards, including using the defined sourcing tools and processes in delivery of sourcing initiatives.

Requirements

• University degree (Bachelor or Master)
• 10+ years’ experience of the end-to-end MDS process
• 10+ years’ experience working with MDS vendors and their services
• Excellent communication and interpersonal skills
• Excellent networking and relationship-building skills at all levels of an organization together with the ability to work effectively in a matrix environment.
• Strong negotiating skills
• Ability to manage multiple conflicting priorities, often to tight deadlines, and deliver results
• Experience in working with MDS related sourcing tools, practices, and systems
• Desirable – understanding of UK contract law
• Professional team player, motivated and highly flexible

• Ideal Candidates should normally be in one of the following roles.

   

• MDS Sourcing/Vendor management specialist
• MDS Business Analysis
• MDS Administration Managers