Associate - Sourcing Manager (Procurement Operations)

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 

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 

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