Data Service Manager Jobs in Texas (NOW HIRING)

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Job Purpose:
Provide independent commercial and operational oversight of Market Data Services, including vendor financial management, contract compliance, inventory governance, and spend optimization. Acts as a subject matter resource to global business partners and contributes to strategic cost control and data governance initiatives.
Key Responsibilities / Duties:

Market Data Administration & Inventory Management

• Maintain accurate and up-to-date market data inventory records within Optimize Spend (F.I.T.S.), ensuring alignment with contractual terms and business usage

• Provide comprehensive administrative support across all Market Data Services processes

• Maintain detailed process documentation for invoice processing, pricing updates, and related workflows

Invoice Processing & Financial Control

• Analyze and validate vendor invoices against contractual terms and pricing structures, exercising judgment to identify discrepancies, financial risks, and optimization opportunities.

• Lead vendor billing issue resolution, engaging directly with vendors to negotiate corrections, enforce contractual terms, and ensure commercial accuracy

• Ensure accurate allocation of market data costs across internal business units

• Support annual budgeting, forecasting, and spend analysis activities

Vendor & Contract Support

• Support the MDS senior team with vendor management for existing services and procurement of new data services

• Assist with contract reviews, renewals, and amendments, ensuring adherence to internal policies and governance standards

• Coordinate contract workflows through internal Legal and Compliance teams

• Act as a point of contact for vendor billing inquiries and service-related questions

Service Requests & Stakeholder Support

• Assist with new market data service requests and workflow management via ServiceNow

• Coordinate with Technology Product and Support teams to onboard new data services and users

• Support internal business partners with market data access, entitlement requests, and general inquiries

• Ensure global consistency in market data policies, procedures, and usage agreements

Work Experience / Knowledge

• Experience working within the investment services industry, with a strong preference for exposure to index and ratings data (2+ years preferred)

• Solid understanding of market data commercial models, invoicing structures, and vendor management principles

• Hands-on experience managing a market data inventory system (Optimize Spend experience strongly preferred)

• Familiarity with major market data vendors, including Bloomberg, FactSet, Morningstar, Refinitiv, Exchanges, Rating Agencies, and research providers

• Experience reviewing and interpreting vendor contracts and commercial terms

• Good understanding of business drivers within an investment management environment

• Knowledge of Broker Soft Dollar procedures and methodologies is advantageous

• Strong proficiency in Excel and comfort working with financial and usage data

Skills & Personal Attributes

• Strong interpersonal and client service skills, with the ability to resolve issues and negotiate effectively

• Calm, pragmatic, and confident, with a mature professional approach

• Highly organized and self-motivated, able to work independently or as part of a global team

• Detail-oriented, with a structured and disciplined approach to task execution

• Ability to manage competing priorities and work effectively under time constraints and deadlines

• Strong analytical and problem-solving skills with a methodical mindset

• Numerate, articulate, and able to communicate clearly with both technical and non-technical stakeholders

• Demonstrated ability to exercise independent judgment and discretion in matters involving vendor management, financial analysis, and operational governance

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Pursuant to Invesco's Workplace Policy, employees are expected to comply with the firm's most current workplace model, which as of October 1, 2025, includes spending at least four full days each week working in an Invesco office. This reflects our belief that spending time together in the office helps us build stronger relationships, collaborate more easily, and support each other's growth and development.

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.

Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.