Associate - Sourcing Manager at JPMC Candidate Experience page

Bengaluru, karnataka, India -

Full Time

Start Date

Immediate

Expiry Date

16 Sep, 26

Salary

0.0

Posted On

18 Jun, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Sourcing, Contract Negotiation, Supplier Due Diligence, Financial Analysis, Spend Analysis, Stakeholder Management, Client Management, Microsoft Excel, Ariba, SLA Compliance, Market Data Services, Risk Management, Contract Development, Procurement, Interpersonal Communication, Project Management

Industry

Financial Services

Description

Job Summary As a Sourcing Manager within Global Supplier Services, you will lead and support sourcing and contracting activities for third-party supplier spend across Market Data and related services (including trading platforms, exchanges, pricing services, research subscriptions, and broker services). You will build strong relationships with internal stakeholders—primarily within the Commercial & Investment Bank and Asset & Wealth Management—conduct supplier due diligence, run competitive sourcing processes, negotiate commercial terms, and partner with Legal, Risk, Third Party Oversight, and Finance to execute agreements in line with policy and procedural requirements. Job Responsibilities * Lead and support end-to-end sourcing and contracting for third-party supplier spend across Market Data and related services within a line of business. * Build stakeholder partnerships with senior executives and teams (including Market Data Services and Global Reference Data) to understand business drivers and third-party requirements. * Drive channel compliance across the vendor landscape and help ensure contracted goods/services can be obtained efficiently and cost-effectively on a global basis * Conduct supplier due diligence and partner with clients and stakeholders to define sourcing requirements. * Assess supplier offerings and develop/present sourcing options that meet JPM business requirements. * Lead negotiations and contract development through approval and execution in partnership with internal control functions. * Maintain adherence to policy and procedural guidelines for sourcing and contracting activities. * Partner with regional teams on local, regional, and global sourcing initiatives as needed. * Support SLA compliance by collaborating with internal partners and client teams to ensure selected vendors meet service expectations. * Perform cost and spend analysis to develop savings initiatives and identify cost reduction opportunities. Required qualifications, capabilities, and skills * 10+ years of sourcing experience. * Extensive Sourcing and process knowledge. * Strong written and verbal communication, interpersonal skills, and judgment, with the ability to manage multiple priorities and deliver under deadlines * Ability to work effectively across regions and with all levels of management. * Client management and relationship management skills. * Strong financial analysis skills and experience conducting cost/spend analysis. * Advanced proficiency with Microsoft Office, especially advanced Excel, plus Ariba procurement tool. * Understanding of legal contracts and SLAs and the ability to support contract development and compliance. * Experience working with third-party providers in a Financial Services context. 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 [https://careers.jpmorgan.com/us/en/how-we-hire/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

Lead end-to-end sourcing and contracting activities for third-party supplier spend, specifically focusing on Market Data and related services. Partner with internal stakeholders and control functions to negotiate commercial terms and ensure policy compliance.