Job Description:

Category Sourcing Analyst (Individual Contributor) Req # 190085836

Location Bangalore East, KA, IN

Job Category Admin & Facilities Services

JPMorgan Chase seeks to do business with suppliers who provide the best price, quality and capability to meet our business needs This position requires a manager who will be able to develop relationships primarily within the Corporate and Investment Bank, Asset & Wealth Management, Consumer and Community Bank, Commercial Bank and Corporate Functions like Corporate Services, Human Resource Services, Finance, Tax and Technology lines of business in order to enhance the Global Supplier Services agenda across the Real Estate, Amenities Services, Staff Transport, Colocation/ Data center and Professional Services Category

The position requires a professional able to develop relationships within the lines of business and coordinate with Category Directors globally The role requires excellent analytical skills and category management experience to perform activities in support of supplier due diligence, engagement scoping, demand challenging, techno-commercial evaluation through right market intelligence and benchmarking, contract and commercial negotiations with the right risk management principles/ framework agreed within the Bank and finally resulting into on-boarding through the right channel of payment This may include Facilities management services, design & construction deals, professional services, dining and cafeteria services, receptionist services, staff transport services, colocation and data center services and renewable energy category

Position Description

Responsible for assisting as well as leading the sourcing and contracting process for third party supplier spend for various groups within a Line of Business

Works proactively with line of business colleagues to identify capable suppliers, lead the competitive sourcing process and negotiate and contract with the chosen suppliers

Support the vendor rationalization program across CIB, AWM, CCB and Corporate function

Drive channel compliance across the vendor landscape of CIB, AWM, CCB and Corporate function, while ensuring contracted goods and services can be obtained by our employees in an efficient, cost-effective manner globally

Leverage firm-wide buying power and control risk to be consistent with overarching goals

Role Responsibilities

Develop working relationships with senior executives in the category management teams globally 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

Carry out in depth supplier due diligence as required

Work with LOB clients and other stakeholders to define requirements for a sourcing transaction

Evaluate competitive offerings from suppliers to develop and present sourcing options that meet JPMCs business requirements

Lead some of 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 regional teams and clients on local, regional and sometimes 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 SLAs (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

Category Management experience in Facilities management services, design & construction deals, professional services, dining and cafeteria services, receptionist services, staff transport services, colocation and data center services and renewable energy category is required,

Extensive Sourcing and process 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

Qualifications

Degree level education at a minimum, post graduate candidates shall be preferred over just basic graduates

Experience working within the area of third party providers Experience in managing commodity or spend category spend would be an advantage

Min 5 years (Analyst) and 8 years (Associate) of Working experience in the Financial Services industry

Advanced proficient in the use of the Microsoft Office Suite (especially advanced Excel) as well as Ariba analysis

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

A good understanding of legal contracts/ clauses/ commercial terms/ INCO terms including service level agreements

Knowledge of IT systems and financial systems would be an advantage

Qualifications

Degree level education at a minimum, post graduate candidates shall be preferred over just basic graduates

Experience working within the area of third party providers Experience in managing commodity or spend category spend would be an advantage

Min 5 years (Analyst) and 8 years (Associate) of Working experience in the Financial Services industry

Advanced proficient in the use of the Microsoft Office Suite (especially advanced Excel) as well as Ariba analysis

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

A good understanding of legal contracts/ clauses/ commercial terms/ INCO terms including service level agreements

Knowledge of IT systems and financial systems would be an advantage

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Financial Services/Stockbroking
Functional Area : Materials/Logistics/Supply Chain Mgmt/Procurement
Role : Purchasing/Sourcing
Salary : As per Industry Standards
Deadline : 18th Apr 2020

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