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