JPMorgan Chase Category Sourcing Manager - Corporate Technology in Jersey City, New Jersey
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/ .
JPMorgan Chase seeks to do business with suppliers who provide the best price, quality and capability to meet our business needs. With over 600 team members in 11 countries, our Global Supplier Services (GSS) organization works proactively with line of business colleagues to identify capable suppliers, lead the competitive sourcing process and negotiate and contract with the chosen suppliers. Leveraging firm-wide buying power and controlling risk are consistent overarching goals. GSS then ensures that the contracted goods and services can be obtained by our employees in an efficient, cost-effective manner globally.
This Global Sourcing Category Manager role will report to a Sourcing Category Director and is responsible for leading the development of long term category sourcing strategy plans, along with the sourcing, contracting and execution for third party supplier spend across JPMC Lines of Business 'LOB' for select Enterprise Technology & Business Aligned Application software categories. This position requires an experienced sourcing manager who will be able to develop relationships within the lines of business and coordinate with sourcing leads in Asia PAC and Europe where required.
Roles and Responsibilities:
Lead the development and execution of multi-year category and supplier spend management strategies within assigned categories
Conduct in-depth cost and spend analysis to develop target savings & cost reduction initiatives
Complete the following activities for material sourcing events:
Work with LOB clients and stakeholders to define requirements
Identify qualified candidate suppliers
Design and execute the competitive process
Complete supplier due diligence
Evaluate competitive offerings from suppliers and develop and present sourcing options that meet JPMC's business requirements
Conduct commercial term negotiations
Lead the contract development process
Partner and collaborate with:
Regional Sourcing colleagues
Local, regional and global internal stakeholders.
In-house Legal, Risk and Finance teams
Maintain compliance with all policy and procedural guidelines
Identify new service opportunities that address or anticipate client needs
Build effective and trusted relationships with clients, internal stakeholders and GSS peers
Manage and maintain key supplier relationships
Proactive engagement with clients to identify and develop value added opportunities and comprehensive sourcing strategies
Achieve targets for cost reduction / savings, supplier optimization, risk mitigation, order & payment compliance, and preferred supplier identification
Bachelor's Degree required; MBA preferred
Minimum of 7 years experience in managing commodity or spend category spend
Interpersonal: ability to lead and influence execute level stakeholders
Thought Leadership: determination to drive breakthrough thinking and continuous improvement; sets a personal example
Market Research: ability to conduct market/industry/supplier analysis and synthesize data into a consumable format
Commercial skill/strategic negotiation ability, specifically in the area of information technology
Change Management: experience and proven 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: 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) as well as Ariba analysis
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 interpreting and executing complex legal Master Agreements and Service Schedules. Contracting experience in the areas of “on premise” software licensing, software as a service licensing and technology professional services is preferred.