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Senior Analyst - Strategic Sourcing Vendor Manager

New York, United States

At Franklin Templeton, we’re advancing our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that’s both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we provide opportunities to help you reach your potential while helping our clients reach theirs.

Come join us in delivering better outcomes for our clients around the world!

What is the Market Data Services group responsible for?

Market Data Services is part of the Strategic Sourcing and Vendor Management Group and supports strategic initiatives and firm-wide objectives through the global vendor management process. The Market Data Department is responsible for the acquisition, management, and delivery of financial market data used across the organization. This includes pricing, reference data, real-time market feeds, and analytics that support investment decision-making, risk management, trading, compliance, and client reporting.

What is the Senior Analyst - Strategic Sourcing Vendor Manager responsible for?

The Senior Analyst – Strategic Sourcing Vendor Manager is responsible for managing the procurement, management, and optimization of market data services across the organization. This role combines vendor relationship management, contract negotiation, financial oversight, and subject-matter expertise in market data to ensure the firm has access to high-quality, cost-effective information that supports investment, trading, risk, and operational needs. This senior position requires strong technical expertise, a deep understanding of global markets and financial instruments and requires collaboration across teams to address data challenges, enhance governance frameworks, and align market data usage with global business needs. This is a highly visible role with the opportunity to influence how Franklin Templeton leverages data to support investment decision-making worldwide.

What are the ongoing responsibilities of a Senior Analyst - Strategic Sourcing Vendor Manager?

Negotiate contracts, renewals, and licensing agreements to secure favorable terms, pricing, and service levels.
Review and analyze contract terms, ensuring compliance with internal policies and external regulations.
Ensure adherence to vendor licensing agreements and data usage policies.
Support market data governance initiatives, including usage compliance, audits, and risk management.
Identify opportunities to consolidate services, reduce duplication, and optimize market data spend.
Serve as the primary point of contact and relationship management of major data providers (e.g., MSCI, FTSE Russell, S&P, Bloomberg, ICE, Moody’s) regarding data licensing, data quality issues, and other vendor management issues.
Responsible for monitoring the contract renewal process and notifying appropriate partners.
Work with the Market Data Operations Finance team to support invoice processing, reconciliation and order processing to ensure billing accuracy.
Responsible for contract life cycle from negotiation of commercial terms and fees through legal review, supplier risk and finalization.
Partner with investment teams, operations, risk, and compliance to ensure index data supports firm-wide workflows.
Assess new vendor offerings and emerging technologies, recommending adoption where appropriate.

What ideal qualifications, skills & experience would help someone to be successful?

Bachelor’s degree or equivalent experience required
5-10 years’ experience related to market and reference data vendors and services, industry trends and contract negotiation
Experience with market data vendors (e.g., Bloomberg, Refinitiv, ICE, FactSet)
Proven ability to work independently as well as collaboratively
Strong attention to detail with ability to multi-task with appropriate prioritization
Ability to build and maintain strong relationships with internal stakeholders and external partners
Excellent analytical, communication, and vendor management skills
Results driven with attention to detail and the ability to move quickly and multi-task, while staying organized
Strong communication and presentation skills and ability to engage effectively with all levels within the firm
Working knowledge of Microsoft Excel, Word, PowerPoint, 365; experience with Coupa and Optimize Spend a plus

#LI-Hybrid

Franklin Templeton offers employees a competitive and valuable range of total rewards—monetary and non-monetary — designed to support their well-being and recognize their time, talents, and results. Along with base compensation, employees are eligible for an annual discretionary bonus, a 401(k) plan with a generous match, and recognition rewards. We also offer a comprehensive benefits package, which includes a range of competitive healthcare options, insurance, and disability benefits, employee stock investment program, learning resources, career development programs, reimbursement for certain education expenses, paid time off (vacation / holidays / sick / leave / parental & caregiving leave / bereavement / volunteering / floating holidays) and a motivational wellbeing program. We expect the annual salary for this position to range between $140,000.00 - $170,000.00, depending on location and level of relevant experience, plus discretionary bonus.

Experience our welcoming culture and reach your professional and personal potential!

Our culture is shaped by the variety of perspectives and experiences brought by talent from around the world. Regardless of your interests, lifestyle, or background, there’s a place for you at Franklin Templeton. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life.

By joining us, you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. We understand that benefits are at the core of employee well-being and may vary depending on individual needs. Whether you need support for maintaining your physical and mental health, saving for life’s adventures, taking care of your family members, or making a positive impact in your community, we aim to have your needs covered. Learn more about the wide range of benefits we offer at Franklin Templeton.

Highlights of our benefits include:

Three weeks paid time off the first year
Medical, dental and vision insurance
401(k) Retirement Plan with 85% company match on your pre-tax and/or Roth contributions, up to the IRS limits
Employee Stock Investment Program
Tuition Assistance Program
Purchase of company funds with no sales charge
Onsite fitness center and recreation center*
Onsite cafeteria*

Only applicable at certain locations

Learn more about the wide range of benefits we offer at Franklin Templeton

Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation.

If you believe that you need an accommodation or adjustment to search for or apply for one of our positions, please send an email to

accommodations@franklintempleton.com

. In your email, please include the accommodation or adjustment you are requesting, the job title, and the job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response.

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