Associate - Sourcing Manager (Procurement Operations)
Role Responsibilities
Help support the category management deliverables including; Analysis & Data Gathering - Product and service awareness study, historical spend, TPO, inputs from the LOB, market analysis, partnering with onshore team for findings and observations, with procurement operations and SRM; Supplier Management – % of gold & diverse supplier spend, segmentation, preferencing, capability analysis and rationalization; Commercials – Negotiate savings to P&L, EPD enabled spend; Contract Management – New or improved MSA & SLA terms; Compliance – ADA, Secondary Data Use Restrictions, purchasing channel
Develop working relationships with senior executives in technology sourcing and other lines of business, understand their business drivers, and their requirements for engaging third parties
Ensure 3rd Party vendor relationships and channel compliance are consistent with GSS strategic priorities.
Lead the development and execution of strategies for significant sourcing transactions
Identify qualified candidate suppliers capable of meeting JPMC requirements
Carry out in depth supplier due diligence as required.
Work with LOB clients and other stakeholders to define requirements for a sourcing transaction
Design and execute the competitive process for each sourcing transaction to obtain the best overall value-added solutions from candidate suppliers
Evaluate competitive offerings from suppliers to develop and present sourcing options that meet JPMC's business requirements
Lead the negotiations to establish commercial terms and lead the contract development process through its approval and execution
Maintain compliance with all policy and procedural guidelines
Partner with global teams and clients on local, regional and global sourcing projects.
Partner closely with internal JPMC legal, risk, third party oversight and finance teams towards the successful completion of intricate negotiations and initiatives
Ensure all the selected vendors are compliant with SLA's (Service Level Agreements) through collaboration with our internal partners and client teams
Conduct in depth cost and spend analysis in order develop target saves initiatives though various cost reduction means
Requirements:
Extensive Technology sourcing experience, specifically with global and regional 3rd party providers
Extensive Sourcing, Contracting and Procurement knowledge
Excellent written and verbal communication skills, strong interpersonal skills and good judgment.
Ability to successfully multitask and complete difficult assignments/deals within defined deadlines
Ability to work with all levels of management within the bank across all regions
Extensive client management skills
Strong relationship management skills
Strong financial analysis skills
Good people management skills
Familiarity with RPA tools and technologies
Qualifications:
Degree level education
8+ years’ experience working within the area of managing third party providers. Experience in managing commodity or spend category spend would be an advantage.
Working experience of the Banking & Financial Services industry
Advanced proficient in the use of the Microsoft Office Suite (especially advanced Excel) as well as Ariba
Excellent internal client management skills.
Proven track record of broad, strategic thinking in a Sourcing or Vendor Management type role
Project management experience in complex initiatives.
Knowledge of the key aspects of the RFI/RFP/RFQ.
Strong understanding of legal contracts including service level agreements.
Knowledge of IT systems and financial systems would be an advantage
Strong knowledge of PO: administration, developing, specifying goods and services, interpreting legal clauses, managing contractual risks, improvements in contracting practice