JPMorgan Chase seeks to do business with suppliers who provide the best price, quality and capability to meet our business needs. 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.
As a Global Sourcing Category Manager in Global Supplier Services, you will be 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 Corporate Technology software/hardware/SaaS 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 Pacific and Europe where required.
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Job 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
Required qualifications, capabilities, and skills:
- Bachelor's Degree
- 7+ years' experience in managing commodity or spend category spend with exceptional delivered results.
- Ability to lead and influence execute level stakeholders, and drive breakthrough thinking and continuous improvement; sets a personal example
- Ability to conduct market/industry/supplier analysis and synthesize data into a consumable format, as well as Cost Modeling experience, ability to understand value streams, cost drivers and how to break down cost structures
- 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
- 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.
- 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
ABOUT US
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAM
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.
Global Supplier Services (GSS) manages the source-to-pay cycle, engaging with suppliers, negotiating contracts, conducting risk assessments and evaluating the customer experience. Global teams support sourcing, third party oversight, procurement and payment operations, supplier relationship management and customer experience.