Associate – Sourcing Manager (Procurement Operations)

Overview

Associate – Sourcing Manager (Procurement Operations) Jobs in Bengaluru, Karnataka, India at JPMorganChase

Title: Associate – Sourcing Manager (Procurement Operations)

Company: JPMorganChase

Location: Bengaluru, Karnataka, India

Job Description

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

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