Description

Job Description:

The Role

Reporting to the VP of Market Data and Vendor Strategy, the Director of Vendor & Risk Oversight develops an enterprise-wide strategy for third-party market data vendor oversight. They also lead sourcing governance and manage operational risk mitigation. This role ensures that all market data vendor relationships support business objectives, follow regulatory expectations, and align with the company's risk appetite. The Director will partner closely with senior leadership, vendor relations, legal, technology, security, and business collaborators to optimize vendor value while managing risk across the lifecycle of market data third party engagements.

• Lead the end-to-end market data vendor management program, including due diligence, onboarding, performance monitoring, contract compliance, and vendor blocking issue resolution.
• Develop and refine vendor governance frameworks, policies, and procedures to ensure consistent application across the organization.
• Find opportunities to improve vendor performance while reducing risk.
• Develop effective communication with key vendors and internal contacts to ensure aligned priorities and support for blocking issues.
• Oversee third-party risk assessments, including financial, operational, information security, data privacy, and business continuity.
• Ensure vendor risk ratings are updated and documented in accordance with regulatory and internal requirements.
• Partner with Legal, Compliance, Information Security, and Vendor Relations to ensure adherence to relevant regulations (e.g., SOX 404, GDPR, etc.).
• Monitor emerging risks and propose mitigation strategies to senior leadership.
• Mentor a high-performing vendor and risk management team.

• Foster a culture of transparency, accountability, and proactive risk awareness. appropriate)

The Skills & Experience You Bring

• Bachelor's degree in Business, Finance, Risk Management, or related field; MBA or relevant certification (e.g., CTPRP, CISM, PMP) is a plus.
• 8-12+ years of experience in vendor management, third-party risk, procurement, or related fields.
• Strong understanding of regulatory frameworks and risk management principles.
• Experience in financial services, market data, technology, or other highly regulated industries.
• Familiarity with vendor management platforms (e.g., Archer, ServiceNow VRM, Coupa).
• Analytical approach with experience using data to drive decisions.
• Demonstrated leadership excellence, including managing teams and providing coaching, mentoring, and career development support to team members.
• Exceptional project management, communication, interpersonal, and presentation skills, with the ability to convey complex information clearly and effectively.
• Strong multitasking and prioritization skills, with the ability to balance challenging demands in a fast-paced environment.
• Note: Fidelity will not provide immigration sponsorship for this position.

The Team

Market Data and Vendor Strategy is a team of Market Data Professionals, Vendor Managers, Contract Specialists, Risk Managers and Lawyers that provide outstanding services, specializing in market data and research service relationships for the Firm. We are part of the larger Asset Management business unit supporting the acquisition, management, dissemination, and use of market data across the Firm. In Market Data and Vendor Strategy, we collaborate with groups across Fidelity including finance, enterprise risk, legal and compliance along with numerous investment teams providing opportunities to expand your network and gain a better understanding of the business.

Certifications:

Category:

Risk
Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles. Some roles may have unique onsite requirements. Please consult with your recruiter for the specific expectations for this position.

Please be advised that Fidelity's business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.



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