Sourcing Desk - Bengaluru, India - JPMorgan Chase Bank, N.A.

JPMorgan Chase Bank, N.A.
JPMorgan Chase Bank, N.A.
Verified Company
Bengaluru, India

4 weeks ago

Deepika Kaur

Posted by:

Deepika Kaur

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Description

This Global Sourcing Category Manager role will report to a Sourcing Category Lead 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 Human Resources, Consumer Business Operations and Marketing categories.

This position requires an experienced sourcing manager who will be able to develop relationships within the LOB and coordinate with sourcing leads in Asia PAC and Europe where required.


Roles and Responsibilities:


  • Lead/Support the development and execution of Market Facing Category, Source Plans and supplier spend management Source plans & strategies within assigned sourcing categories
  • Conduct indepth cost and spend analysis to develop target savings & cost reduction initiatives through RFx.
  • Complete the following activities for material sourcing events:
  • Work with LOB clients and stakeholders to define requirements
  • Supplier Management % of gold & diverse supplier spend, segmentation, referencing, capability analysis and rationalization
  • 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 (P&L, operationalization of early pay discounts (EPD) enabled contracts)
  • Lead the contract development process
  • Partner and collaborate with:
  • Regional Sourcing colleagues
  • Local, regional and global internal stakeholders.
  • Inhouse Legal, Risk and Finance teams
  • Maintain compliance with all policy and procedural guidelines.
  • Contract Management MSA & SLA terms, gap analysis with help of external/ internal counsel supported by the right recommendations and comments


  • Compliance

  • BREXIT, Secondary Data Use Restrictions, GDPR and right purchasing channel
  • Identify new service opportunities that address or anticipate client needs
  • Subject Matter Expert and People Management Skills:
  • To become an SME of the category and process
  • Conduct Book of work review with Team
  • Prepare the growth trajectory of team members
  • Groom & Train new joiners to bring them up to speed & learning curve.
  • Assign appropriate Training courses to Team, etc

Priorities:


  • Provides advise and guidance to stakeholders on the organizational procedures and process
  • Applies key tasks and recommends value adds associated
  • Improves and fulfils organizational and functional objectives
  • Formulate direction and advise, manage, change and lead and influence both internal and external stakeholders
  • Adopt procurement strategies and establish best practices
  • Influence supply markets with innovative sourcing solutions
  • Build effective and trusted relationships with clients, internal stakeholders and 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

Qualifications:


  • Bachelor's Degree required; MBA preferred
  • Minimum of 10 years (Associate 601) experience in managing commodity or category spend
  • Previous category management experience in one or more of the following:
  • Human Resources related Benefits, Insurance, Medical Services, Administration Services, Pension / Retirement Plan, Wellness Offerings, HR consulting Services, Recruitment, Incentives & Awards, Relocations Services, Advisory Services to HR related services, etc
  • Marketing related services (Media and Advertising Agencies, Creative Agencies, Market Research, Digital Marketing, Print);
  • Equipment Hardware & Maintenance;
  • Logistics & Secure Transport (Overnight & Regional Couriers, Armored Services);
  • Loan Services (Mortgage Title & Closing, Mortgage Appraisals, Auto Lending Support Services)
  • Customer Data Services
  • 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
  • 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
  • Interpersonal: ability to work along with global category managers and stakeholders
  • Market Research: ability to conduct market/industry/supplier analysis and synthesize data into a consumable format
  • Commercial skill/strategic negotiation ability
  • Change Management: proven ability to drive change in a collaborative manner
  • Project Management: ability to de
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