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