Associate, Global Supplier Services Sourcing at JPMC Candidate Experience page

Bengaluru, karnataka, India -

Full Time

Start Date

Immediate

Expiry Date

13 May, 26

Salary

0.0

Posted On

12 Feb, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Sourcing, Contracting, Procurement, Due Diligence, Stakeholder Management, Negotiation, Contract Drafting, Cost Analysis, Spend Analysis, Project Management, Change Management, Risk Management, Communication Skills, Cost Modeling, Business Strategy Alignment, Sourcing Methodology

Industry

Financial Services

Description

Join JPMorgan Chase & Co., a global financial leader, at our India Global Service Centre (GSC) in Bengaluru. This strategic hub leverages India's talent and technology to deliver high-quality business services worldwide, fostering a culture of continuous learning and innovation. The centre excels in adopting new technologies and standardizing processes to enhance productivity and service quality. Collaborating with global offices, the GSC ensures seamless integration and promotes transformation, making it a cornerstone of our global operations Job Summary As a Sourcing Associate within the sourcing & procurement team, you will be responsible for sourcing, contracting and execution for third party supplier spend across Non-Technology categories. In particular the role will work closely with the Global Category Managers and Directors and their teams for Tax, Audit, Legal, Compliance, Advisory and Management Consulting. The Sourcing Associate will collaborate with Global Category Managers in solutioning and executing business requirements that meets the firm’s standards. This position requires an experienced Sourcing individual who will be able to develop relationships within the lines of business and coordinate with Sourcing Leads and Vendor Management teams globally, where required. Job responsibilities Identify qualified candidate suppliers capable of meeting JPMC requirements. Conduct in-depth supplier due diligence as required. Collaborate with LOB clients and stakeholders to define requirements for sourcing transactions. Design and execute competitive processes for each sourcing transaction to obtain the best value-added solutions. Evaluate competitive supplier offerings and present sourcing options that meet JPMC's business needs. Lead negotiations to establish commercial terms and manage the contract drafting, approval, and execution process. Maintain compliance with all policy and procedural guidelines. Partner with global and regional teams, as well as clients, on local, regional, and global sourcing projects. Work closely with internal JPMC legal, risk, and finance teams to successfully complete complex negotiations and initiatives. Ensure all selected suppliers comply with SLAs through collaboration with internal partners and client teams. Conduct in-depth cost and spend analysis to develop targeted savings initiatives, and collaborate with Vendor Management to manage key supplier performance and relationships. Required qualifications, capabilities and skills At least 5 years’ experience in Sourcing, ideally with at least one of the Specific Categories Interpersonal: ability to lead and influence execute level stakeholders Thought Leadership: determination to drive breakthrough thinking and continuous improvement; sets a personal example Commercial skill/strategic negotiation ability Change Management: 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. Sourcing Methodology: strong knowledge of the key aspects of the RFI/RFP/RFQ and five step sourcing process 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 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. 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.

Responsibilities

The Associate is responsible for sourcing, contracting, and execution for third-party supplier spend across Non-Technology categories, closely supporting Global Category Managers for areas like Tax, Audit, Legal, and Consulting. Key duties include identifying qualified suppliers, designing competitive sourcing processes, leading negotiations, and ensuring contract execution and compliance.