Job Description:
The Role
Relying on strong legal, communication and organizational skills, the Vice President of Legal & Licensing Negotiation will assist and counsel a team of Lawyers for a portfolio of critical market data third-party providers used throughout Fidelity Investments. Collaborating with business partners and Vendor Managers, the Vice President of Legal & Licensing will review, edit, and help negotiate market data contracts, and will help to protect Fidelity by ensuring we are adhering to contractual license requirements. You will work closely with Business Unit Subject Matter Experts, key stakeholders, Legal, Compliance, Risk, and Vendor Managers. Specific job-related tasks you will be responsible for:
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- Managing a team of 2 Lawyers who draft, review and edit Market Data Licensing Agreements
- Partnering with Vendor Managers to review, edit and negotiate contracts related to new vendors and complex vendor renewals
- Reviewing legacy contracts in an effort to provide guidance on license coverage and usage rights
- Drafting contract terms relative to indemnity, termination, confidentiality, limitation of liability, governing law, preemption of online terms, usage rights, privacy and artificial intelligence
- Understanding and guiding business partners on executed licenses relative to raw data, derived data, internal distribution, external distribution, de minimis use, and restrictions based on location or business unit
- Identifying and escalating contracting concerns to the appropriate parties
The Expertise and Skills You Bring
- Juris Doctor degree required
- At least 5 years' experience managing people and a team
- At least 5 years' experience reviewing, drafting and negotiating contractual terms and conditions with vendors, or 5 years' experience managing risk or compliance issues within the financial services industry
- Experience counseling clients on complex data licensing rights, risk issues, compliance issues, and being able to explain contractual risks/terms in layperson terms
- Strong organizational skills with the ability to prioritize, set timelines and meet achievements
- Experience facilitating meetings and leading complex discussions with business partners and senior leadership
- Proven ability to build strong relationships
- Excellent verbal and written communication skills and ability to tailor messages to various audiences
- Ability to work both independently and within a team environment
- Strong attention to detail and ability to exercise good judgement in all facets of work
- High level of curiosity enabling the desire to research and understand new topics
The Team
Vendor Relations is a team of Vendor Managers, Contract Specialists and Lawyers that provide outstanding service, specializing in market data and research service relationships and negotiation strategies for the Firm. We are part of the larger Fidelity Fund and Investment Operations business unit supporting the acquisition, management, dissemination, and use of data across the Firm. In Vendor Relations, we collaborate with groups across Fidelity including finance, 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:
Legal
Fidelity's hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.
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.