Sourcing Manager Category Upstream Sourcing jobs in Bangalore at JPMorgan Chase & Co.

Sourcing Manager Category Upstream Sourcing

Req #: 190064333

Location: Bangalore East, KA, IN

Job Category: Admin & Facilities Services

Corporate Global Supplier Services Sourcing Manager – Associate

Roles and Responsibilities:

Manage the Staff Augmentation category for EMEA with Managed Service Providers as the solution for certain European countries, leading the full procure to pay category lifecycle.
Measure and report on key metrics for the contingent worker category
Identify qualified staff augmentation suppliers capable of meeting JPMC requirements
Carry out all in depth supplier due diligence, ensuring the program minimum controls are met
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 and develop and present sourcing options that meet JPMC's business requirements
Lead the negotiations to establish commercial terms and lead the contract develop process thru contract approval and execution
Maintain compliance with all policy and procedural guidelines
Partner with global and regional teams and clients on local, regional and sometimes global sourcing projects.
Work closely with internal JPMC legal, risk and finance teams towards the successful completion of intricate negotiations and initiatives
Ensure all the selected suppliers are compliant with SLA's (Service Level Agreements) through collaboration with our internal partners and client teams
Lead the category and supplier spend management activities with your respective spend areas and suppliers.
Conduct in depth cost and spend analysis in order develop target saves initiatives though various cost reduction means
Lead the development and execution of category management strategies for significant sourcing transactions.
Work with the offshore Sourcing Team to ensure low value, low risk transactions are efficiently supported.
Carry out administrative responsibilities effectively in managing projects and contracting activities
Identify new service opportunities that address or anticipate client needs.
Build effective and trusted relationships with internal clients and suppliers.
Create a portfolio approach towards select key spend categories
Proactively engage with internal clients in a consultative manner to develop value added opportunities and holistic sourcing strategies for your respective categories
Achieve cost reduction / savings targets
Work cooperatively with other sourcing leads as a team member to meet common objectives.
Build and maintain relationships with Business/Functional Managers, advising on sourcing options and strategies
Lead the development and implementation of multi-year category strategies that span multiple lines of business
Lead and expedite vendor selection and purchasing decisions through appropriate competitive bid and strategic sourcing processes (leverage practices and tools)
Develop & maintain vendor information, by producing qualitative assessments of suppliers. Negotiate, manage and monitor vendor agreements that protect JPMC's interests
Deliver on projects that lower the firm's total spend and supply risk with 3rd party suppliers.
Reduce Risk, manage controls and governance across the programme
Channel Compliance & rationalization
Management of preferred suppliers
Leading team to fulfill requirements across lines of business
Cost reduction, new initiatives to optimize volume channels

Knowledge, skills and experience required:

Bachelor's Degree required
Experience working with contingent workforce suppliers, detailed knowledge of temporary & independent contractors, staff augmentation, talent markets and advanced sourcing
Strong understanding of contingent workforce legislation, obligations & risk management
Interpersonal: ability to lead and influence executive level stakeholders
Thought Leadership: determination to drive breakthrough thinking and continuous improvement; sets a personal example
Commercial skill/strategic negotiation ability
Change Management: ability to drive change with management direction but without having to be prescribed to
Project Management: ability to develop, plan and execute projects and create remediation plans and actions with timely updates to management
Communication Skills: ability to communicate effectively with internal sourcing and client stakeholders
Cost Modeling: ability to understand value streams, cost drivers and how to break down cost structures
Business Strategy Alignment: ability to understand business strategy and build plans to support it
Risk Management: Managing suppliers versus minimum control requirements, ensuring resolution to all deficiencies. Knowledge of business risk factors and business savvy to minimize risk appropriately and communicate acceptance of risk factors when required.
Technology Acumen: advanced proficient in the use of the Microsoft Office Suite (especially advanced Excel),Beeline and Ariba
Sourcing Methodology: strong knowledge of the key aspects of the RFI/RFP/RFQ and five step sourcing process
Legal Acumen: strong understanding and proven experience in executing and amending complex legal Master Agreements and Service levels.

J.P. Morgan in India provides a comprehensive range of Corporate & Investment Banking, Commercial Banking, Asset & Wealth Management and Corporate functions services and solutions to our clients, executing some of the most important financial transactions and providing essential strategic advice to our clients such as the government, large domestic and multi-national corporations, non-government organizations and financial institutions and investors. India is a key market for JPMorgan Chase globally and our employees in India are a critical part of how we do business globally and are integrated within our businesses. Our Global Service Centers (GSCs) are strategically positioned in Mumbai, Bangalore and Hyderabad to support the firm’s operations regionally and globally. The centers provide comprehensive strategic support across technology and business operations processing to all lines of business and the corporate functions.