Charles Schwab Senior Manager – Security Master Vendor Management in Lone Tree, Colorado
We believe that , when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client’s goals with passion and integrity. We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm and the world. We live and bring to life the concept of ‘own your tomorrow’ every day. We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.
As a company, we were established by Chuck over 40 years ago to champion Main Street over Wall Street, and to help Americans transform themselves from earners to owners. Through advocacy and innovation, we work to make investing more affordable, accessible and understandable for all. As we enter our fifth decade, we are looking for talented, innovative and driven people who believe they can help themselves, and our clients, create a better future.
The Security Master Data Management (SMDM) team provides business leadership of the security reference, end of day pricing and fundamental data platforms. The SMDM team’s objective is to transform how security reference data is managed across the firm as a strategic enterprise asset. Leveraging a new reference data platform, this team will establish centralized data governance, integrate platform data throughout the firm, optimize value from data providers, and implement polices and controls to lead the data quality function and manage risk.
What you’ll do:
This is a highly specialized position that will lead the Vendor Management function for Schwab’s reference data and fundamental platforms, which includes the descriptive, pricing and fundamental data for nearly 7 million unique securities and publishing of this data to numerous trading and client facing systems across the firm. The Senior Manager will manage all vendor management processes. This position includes active engagement with senior leaders, business and technology partners within Schwab as well as active engagement with Vendor partners. This role will be based in Denver or Austin and reports to the MD, Security Master Data Management.
Key Vendor Management responsibilities include:
Optimizing overall data spend for the firm by evaluating Schwab’s business needs and market opportunities, which includes:
Understanding vendor products and services that are:
Currently contracted by Schwab’s Security Master Data Management team
Offered in the Reference Data (Descriptive and End of Day Pricing) and Fundamental Data domains
Engaging with vendors and assess opportunities to change and improve the way we consume products
Ensuring we get the right data from the right vendors by evaluating coverage and quality
Partnering with Corporate Vendor Management to:
Validate vendor contracts versus current usage of data and services and implement ongoing control to identify gaps
Ensure contract currency
Supporting vendor selection efforts for new data, which includes:
Analyzing vendor service and data for vendor selection
Managing, editing and negotiating of service, sales and licensing agreements, NDA's and other legal documents
Acting as liaison between vendors, attorneys and business partners for vendor contracting
Managing vendor contacts and relationships
What you have:
5 + years experience Vendor Managment in Market Data. Prior experience in Financial Services Security Reference Data and Fundamental Data domains and vendors is highly desired
Strong data analytic skills and the ability to effectively distill a varied set of inputs to drive vendor selection decisions
Prior experience in operating a contracts database is highly desired
Demonstrated ability to synthesize and extract complex legal, technical and business issues
Outstanding written and verbal communication skills with demonstrated ability to communicate effectively with all levels of an organization.
Must have strong attention to detail, the ability to work across the enterprise or within cross-functional team
Advanced knowledge of Excel and other MS Office Products and applications
An undergraduate degree is required; Master’s degree preferred.
Security licenses including series 7 and 24 preferred
What you’ll get:
Everyday Wellness: Healthy Rewards, Onsite Fitness Classes, Healthy Choices, Wellness Champions
Financial Fitness: 401k Match, Employee Discounts, Personalized advice, Brokerage discounts
Work/Life Balance: Sabbatical, New Mothers returning to work Program, Tuition Reimbursement Programs, Time off to volunteer
Inclusion: Employee Resource Groups, Commitment to diversity, Strategic partnerships
Not just a job, but a career, with an opportunity to do the best work of your life
Learn more about Life@Schwab at http://www.aboutschwab.com/careers/lifeatschwab/" .
Charles Schwab & Co., Inc. is an equal opportunity and affirmative action employer committed to diversifying its workforce. It is Schwab's policy to provide equal employment opportunities to all employees and applicants without regard to race, color, religion, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), gender identity or expression, national origin, ancestry, age, disability, legally protected medical condition, genetic information, marital status, sexual orientation, protected veteran status, military status, citizenship status or any other status that is protected by law.
Position Located In: TX - Austin