Senior Procurement Specialist – Market Data Services (MDS)

Black Pearl

8-10 Years

Not Disclosed

United Arab Emirates, Abu Dhabi

Posted 9 days ago
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Job Description

Black Pearl Consult is hiring an Senior Procurement Specialist - Market Data Services (MDS)in Abu Dhabi to manage the procurement and commercial administration of Market Data Services, including financial-data subscriptions, vendor contracts, licensing, renewals and related expenditure.

Key Responsibilities

Manage the procurement of Market Data Services and financial-information products.
Handle vendors such as Bloomberg, FactSet, Refinitiv/LSEG, rating agencies, exchanges and similar service providers.
Manage contracts, subscriptions, renewals, licences and vendor invoices.
Maintain accurate records of market-data products, users, costs and contract terms.
Use Optimize Spend or a similar platform to monitor inventory, usage and expenditure.
Review subscriptions and identify unused, duplicated or unnecessary services.
Negotiate pricing, commercial terms and renewal conditions with vendors.
Support cost-saving and spend-optimisation initiatives.
Ensure compliance with vendor licensing requirements and contractual obligations.
Coordinate with Procurement, Finance, IT and relevant business teams.
Prepare spend reports, renewal schedules and vendor-performance updates.
Support budgeting and forecasting for market-data expenditure.

Requirements

To be considered for this role, you need to meet the following criteria:

Approximately 8-10 years of relevant procurement experience.
Strong, hands-on experience in Market Data Services procurement and vendor management.
Experience managing Bloomberg, FactSet, Refinitiv/LSEG, rating agencies, exchanges or similar providers.
Good understanding of financial-data subscriptions, licensing models and usage rights.
Experience managing contracts, renewals, vendor invoices and market-data spend.
Hands-on knowledge of Optimize Spend or a similar MDS inventory and spend-management system.
Strong commercial negotiation and cost-optimisation skills.
Previous experience in financial services is strongly preferred.
CIPS or an equivalent recognised procurement qualification is an advantage.
Experience working with reputable, well-established organisations.
Stable employment history with good tenure in previous roles.
Strong communication, stakeholder-management and analytical skills.
Availability to join around the end of January or beginning of February.