Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds.

Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Business Unit

BXTI

Business Description

Blackstone Technology & Innovations (BXTi) is the technology team at the core of each of Blackstone’s businesses and new growth initiatives. Serving both internal and external clients, we work to build the next generation of systems that manage risk, create efficiency and improve transparency within the firm and across our broad community of investors and portfolio companies.

BXTi is nimble and entrepreneurial – our open, iterative design processes and rapid pace of development mean that everyone on the team has the opportunity to make an impact from day one. We are problem solvers who can take projects from idea to implementation. We believe in active mentoring and developing excellence. We collaborate to find the best answers for our customers and for Blackstone. We are critical to the firm maintaining its competitive edge.

Job Title

VP – Sourcing and Operations

Blackstone's Global Procurement team is looking for a motivated, capable professional with strong communication skills and a hands-on approach to reviewing, negotiating, and closing market data agreements, subscription order forms, data license schedules, and statements of work.

As a VP on the Market Data Sourcing and Operations team, you will hold commercial and operational responsibility for a portfolio of information services vendors from first conversation through renewal. The work involves close partnership with investment teams, Research, Technology, and Legal & Compliance to manage spending and make sure license entitlements match how the business uses the data. Vendors in the portfolio cover terminals and desktop platforms, fundamental and pricing data, credit ratings and research, private markets and alternative data, index and benchmark licenses, along with real-time and non-display data feeds.

Key Responsibilities

- Partner with the Market Data Sourcing and Operations team and investment team leads to understanding requirements, prioritization, and timing, along with operational and functional expectations for data products and services. Negotiate pricing terms and review and negotiate vendor agreements, master data license agreements, order forms, and statements of work.
- Own a defined vendor portfolio end to end, from demand intake and new requests through upgrades and downgrades, renewal strategy, negotiation, and post-execution administration, ensuring commercial and operational workstreams remain aligned.
- Suggest changes and propose alternative language to reach mutually acceptable terms, with particular focus on permitted use and user definitions, entity and affiliate coverage, derived data rights, redistribution, non-display usage, internal versus external distribution, audit rights, and renewal and termination mechanics.




- Manage the sourcing queue, expected delivery dates, and priorities across outstanding contracts, agreements, and orders, including a high volume of annual renewals concentrated at year-end.
- Manage priorities, track tasks, and follow up with vendors and other stakeholders.
- Lead difficult negotiations independently, recommending alternative approaches and the way forward, including sole-source and highly concentrated data providers where competitive leverage is limited.
- Use inventory, entitlement, and usage data to identify rationalization, consolidation, downgrading, and de-provisioning opportunities ahead of renewal, and drive those savings initiatives to completion.
- Support responses to vendor license reviews/audits and help structure agreements to reduce audit and compliance exposure.
- Develop effective vendor relationships that endure beyond contract execution, including structured business reviews and clear executive escalation paths.
- Analyze proposals and develop reports using metrics. Benchmark unit pricing across various pricing models, and present the information in clear, easy-to-follow tables and spreadsheets.
- Contribute to process improvement across the team's sourcing and operations workflows, and provide guidance and informal mentorship to junior team members.
- Prepare and present renewal recommendations, savings results, and portfolio-level reporting to senior stakeholders within Procurement and the business.

Qualifications Blackstone seeks to hire individuals who work well in a team-driven working group, are highly motivated, intelligent, have sound judgment and have demonstrated excellence in prior endeavors.

Required Skills and Experience

- Bachelor’s degree in finance, Accounting, or Business Administration; an MBA would be a plus.
- 10+ years of strategic sourcing, procurement, or vendor management experience, including demonstrated success independently leading negotiations with large, sophisticated suppliers. Experience in market data, financial information services, or technology procurement is preferred.
- Understanding of how software or data vendors structure commercial and pricing models. Familiarity with the market data vendor landscape is a plus, as is experience with GDPR, DPAs, DPIAs, and data privacy and licensing considerations for market data.
- Demonstrated experience operating within a combined sourcing and operations model, coordinating closely with entitlement/inventory administrators and business stakeholders, and influencing senior stakeholders without direct authority.
- Strong decision-making and problem-solving skills, with excellent oral and written communication skills, a commitment to maintaining effective internal and external relationships, and a solid focus on customer service.
- Comfort working with complex commercial and licensing terms and readiness to quickly become familiar with market data documentation.



This includes master data license agreements; subscription and terminal agreements; exchange and vendor-of-record declarations and usage-reporting obligations; index and benchmark licenses; real-time and non-display data-feed agreements; API and redistribution terms; and evaluation and proof-of-concept agreements.
- Strong project management skills, with experience running multiple concurrent workstreams and competing stakeholder priorities against firm deadlines. Comfort building schedules, tracking dependencies, escalating risks early, and reporting status clearly, often with incomplete information.
- Experience reviewing and editing scopes of work, price sheets, user schedules, etc.
- Comfortable with electronic procurement and sourcing tools such as Coupa, along with standard business software including Microsoft Word, Excel, PowerPoint, and Office 365.

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion. Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at (phone hidden) (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

- Attending client meetings where you are discussing Blackstone products and/or and client questions;
- Marketing Blackstone funds to new or existing clients;
- Supervising or training securities licensed employees;
- Structuring or creating Blackstone funds/products; and
- Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions. To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.

📌 BXTI - VP - Sourcing and Operations (Bengaluru)
🏢 70039 The Blackstone Group (Australia) Pty
📍 Bengaluru