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Job Opening details:-
Company Name :- JPMorgan Chase Bank, N.A.
Position Name :-
Company Location :- Bengaluru, Karnataka
Job Category : General jobs
Full Job 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 in-depth 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
Identify qualified candidate suppliers
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.
In-house 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
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
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 develop, plan and execute projects and create remediation action plans with timely updates to management
Communication Skills: ability to communicate effectively with internal sourcing and client stakeholders
Analytics: ability to understand value streams, cost drivers and how to break down cost structures; ability to crunch data (Spend, Risk, Contract…etc.)
Business Strategy Alignment: ability to understand business strategy and build plans to support it
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 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. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
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