Join our team to develop long-term category sourcing strategy plans, along with the sourcing, contracting and execution.
As a Professional Services Category Sourcing Associate in Global Supplier Service, you will report to a Professional Services Sourcing Category Director and is responsible for supporting 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). The successful candidate will have the ability to develop relationships within the lines of business and liaise with stakeholders at various levels. They will be able to understand contract structures and negotiate key terms.
Job Responsibilities:
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- Support the development and execution of multi-year category and supplier spend management strategies on a global, firm-wide level within assigned professional services categories to improve service quality, lower costs, and drive innovation
- Support the management and refresh of preferred supplier programs and identify new qualified candidate suppliers capable of meeting JPMC requirements
- Support the Professional Services Category Director in the management of global, firm-wide relationships with preferred and key professional services suppliers
- Conduct in-depth cost and spend analysis to develop target savings and cost reduction initiatives
- Carry out all in depth supplier due diligence as required
- Work with stakeholders across JPMC lines of business to establish strategic priorities for assigned professional services categories and define requirements for sourcing transactions
- 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 guideline
Required qualifications, capabilities, and skills:
- 5+ years experience with in a Category Sourcing function
- Bachelor's Degree required
- Ability to create and execute effective negotiation strategies
- Ability to establish relationships with and influence stakeholders at all levels through verbal and written communications
- Ability to analyse complex concepts and report back in simple terms
- Ability to challenge and influence stakeholders to ensure decisions are well thought out and can be executed from operationally
- Demonstrated experience of effective time management with attention to detail in a fast-paced environment
- Ability to understand value streams, cost drivers and how to break down cost structures
ABOUT US
JPMorgan Chase & Co., 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. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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 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.