Oaktree Capital Management, L.P.
Website:
oaktreecapital.com
Job details:
Our Company
Oaktree is a leader among global investment managers specializing in alternative investments, with more than $220 billion in assets under management. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate. The firm has more than 1,400 employees and offices in more than 25 cities worldwide.
We are committed to cultivating an environment that is collaborative, curious, inclusive and honors diversity of thought. Providing training and career development opportunities and emphasizing strong support for our local communities through philanthropic initiatives are essential to our culture.
For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/
Scope And Responsibilities
Role Overview
The Market Data Oversight Associate/Senior Associate is responsible for managing the end-to-end lifecycle of market data services, with a core focus on contract management, invoice validation, and expense oversight. This role ensures accurate financial controls across all market data subscriptions and vendor relationships, while supporting compliance with internal policies and external regulatory requirements.
Key Responsibilities
Contract Management
- Maintain a comprehensive inventory of all market data contracts, licenses, and vendor agreements (e.g., Bloomberg, Refinitiv/LSEG,S&P, ICE).
- Track contract terms, renewal dates, usage entitlements, and SLA commitments to ensure timely renegotiation or termination.
- Liaise with vendors, legal, and procurement teams to review, negotiate, and execute new or amended contracts.
- Ensure all contracts are stored, version-controlled, and accessible within the contract management system.
- Monitor compliance with usage restrictions and data redistribution policies across internal teams.
Invoice Review & Validation
- Review and validate all market data vendor invoices against contractual terms, entitlements, and purchase orders.
- Identify billing discrepancies, overcharges, or unauthorized services and coordinate resolution with vendors.
- Maintain accurate invoice tracking logs and ensure timely submission for payment processing.
- Work closely with Finance/Accounts Payable to ensure invoices are coded correctly and settled within agreed payment terms.
- Produce monthly invoice reconciliation reports for management review.
Expense Review & Cost Management
- Monitor and review market data expenditure against approved budgets, flagging variances and cost overruns.
- Conduct regular cost-benefit analyses of data subscriptions to optimize spend and eliminate redundant services.
- Prepare periodic expense reports and spend dashboards for senior management and finance teams.
- Support annual budgeting and forecasting processes by providing historical spend data and renewal cost projections.
- Identify opportunities for cost savings through vendor consolidation, renegotiation, or service rationalization.
Vendor & Stakeholder Management
- Act as the primary point of contact for market data vendors on commercial and operational matters.
- Collaborate with internal stakeholders (Investment Operations, Risk, Compliance, Technology, etc.,) to understand data requirements.
- Maintain vendor scorecards and track performance against SLAs and contractual obligations.
- Facilitate vendor review meetings and escalate issues as needed.
Essential
Skills & Qualifications
- Bachelor’s degree in finance, Business Administration, Economics, or a related field.
- 8-10 years of experience in market data management, vendor management, or a similar financial operations role.
- Strong knowledge of market data vendors and their product suites (Bloomberg, Refinitiv/LSEG, S&P, Morningstar, Moody's, etc.).
- Experience reviewing and negotiating financial contracts and vendor agreements.
- Proficiency in invoice reconciliation, expense tracking, and financial reporting.
- Advanced MS Excel skills; experience with ERP or contract management tools or Market Data management tool is a plus.
- Strong analytical, organizational, and communication skills.
Desirable
- Understanding of financial instruments including fixed income, equities, derivatives, and corporate actions.
- Experience supporting Valuation, Risk, or Compliance teams with data requirements.
- Knowledge of GDPR, data usage compliance, and redistribution restrictions.
Key Competencies
- Attention to Detail — meticulous in reviewing contracts, invoices, and financial data.
- Commercial Acumen — ability to assess value, challenge costs, and drive savings.
- Stakeholder Management — effective at building relationships across functions and with external vendors.
- Problem Solving — proactive in identifying and resolving discrepancies and process gaps.
- Time Management — capable of managing multiple priorities and deadlines in a fast-paced environment.
EQUAL OPPORTUNITY EMPLOYMENT POLICY
Oaktree is committed to diversity and to equal opportunity employment. Oaktree does not make employment decisions on the basis of race, creed, color, ethnicity, national origin, citizenship, religion, sex, sexual orientation, gender identity, gender expression, age, past or present physical or mental disability, HIV status, medical condition as defined by state law (genetic characteristics or cancer), pregnancy, childbirth and related medical conditions, veteran status, military service, marital status, familial status, genetic information, domestic violence victim status or any other classification protected by applicable federal, state and local laws and ordinances. This policy applies to hiring, placement, internal promotions, training, opportunities for advancement, recruitment advertising, transfers, demotions, layoffs, terminations, recruitment advertising, rates of pay and other forms of compensation and all other terms, conditions and privileges of employment.
This policy applies to all Oaktree applicants, employees, clients, and contractors.
Equal Opportunity Employment Policy
Oaktree is committed to diversity and to equal opportunity employment. Oaktree does not make employment decisions on the basis of race, creed, color, ethnicity, national origin, citizenship, religion, sex, sexual orientation, gender identity, gender expression, age, past or present physical or mental disability, HIV status, medical condition as defined by state law (genetic characteristics or cancer), pregnancy, childbirth and related medical conditions, veteran status, military service, marital status, familial status, genetic information, domestic violence victim status or any other classification protected by applicable federal, state and local laws and ordinances. This policy applies to hiring, placement, internal promotions, training, opportunities for advancement, recruitment advertising, transfers, demotions, layoffs, terminations, recruitment advertising, rates of pay and other forms of compensation and all other terms, conditions and privileges of employment. This policy applies to all Oaktree applicants, employees, clients, and contractors. Staff members wishing to report violations or suspected violations of this policy should contact the head of their department or Human Resources.
For positions based in Los Angeles
For those applying for a position in the city of Los Angeles, the firm will consider for employment qualified applicants with a criminal history in a manner consistent with applicable federal, state and local law.
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