JPMorganChase
Overview
Global Supplier Services (GSS) organization brings together Category Sourcing, Third Party Oversight, Procurement Operations, Accounts Payable, Supplier Relationship Management, Supplier Diversity, and Customer Experience into one team. This group of more than 900 employees (in 11 countries) manages the source-to-pay processes for JPMorgan Chase in a manner that mitigates supplier-related risks, enhances supplier performance, and manages supplier expenses, while providing the firm an optimal customer experience. JPMorgan Chase seeks to do business with suppliers who provide the best price, quality, and capability to meet our business needs. Category Sourcing & Procurement works proactively with the line of business to develop category strategies that optimally leverage JPMorgan Chase’s firm-wide buying power, supply market innovations and manage third party risks. The team identifies capable and diverse suppliers, leads the competitive sourcing process and contract negotiation and ensures that the contracted goods and services can be obtained by our employees in an efficient and cost-effective manner globally.
Role and Responsibilities
Lead the development and execution of category management strategies for significant sourcing transactions
Identify qualified candidate suppliers capable of meeting JPMC requirements
Carry out all in-depth supplier due diligence as required
Work with LOB clients and other stakeholders to define requirements for a sourcing transaction
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 development process through contract approval and execution
Maintain compliance with all policy and procedural guidelines
Partner with regional teams and clients on local, regional and sometimes global sourcing projects
Partner closely with internal JPMC legal, risk and finance teams towards the successful completion of intricate negotiations and initiatives
Ensure all the selected suppliers are compliant with SLAs (Service Level Agreements) through collaboration with our internal partners and client teams
Required Qualifications, Capabilities And Skills
Bachelor's Degree required
7+ years’ experience in managing commodity or spend category spend (non-tech)
Thought Leadership: determination to drive breakthrough thinking and continuous improvement; sets a personal example
Market Research: ability to conduct market/industry/supplier analysis and synthesize data into a consumable format
Commercial skill/strategic negotiation ability
Project Management: ability to develop, plan and execute projects and create remediation plans and actions with timely updates to management
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
Legal Acumen: strong understanding and proven experience in executing and amending complex legal Master Agreements and commercial agreement SLAs
Preferred Qualifications, Capabilities And Skills
MBA preferred
Ideally direct experience working with Marketing spend categories
Ideally direct experience working with large media agencies (traditional, digital and social)
Technology Acumen: advanced proficiency in Microsoft Office Suite (especially advanced Excel) as well as SAP Ariba analysis
Interpersonal: ability to lead and influence execute-level stakeholders
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
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
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Management and Manufacturing
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Role and Responsibilities
Lead the development and execution of category management strategies for significant sourcing transactions
Identify qualified candidate suppliers capable of meeting JPMC requirements
Carry out all in-depth supplier due diligence as required
Work with LOB clients and other stakeholders to define requirements for a sourcing transaction
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 development process through contract approval and execution
Maintain compliance with all policy and procedural guidelines
Partner with regional teams and clients on local, regional and sometimes global sourcing projects
Partner closely with internal JPMC legal, risk and finance teams towards the successful completion of intricate negotiations and initiatives
Ensure all the selected suppliers are compliant with SLAs (Service Level Agreements) through collaboration with our internal partners and client teams
Required Qualifications, Capabilities And Skills
Bachelor's Degree required
7+ years’ experience in managing commodity or spend category spend (non-tech)
Thought Leadership: determination to drive breakthrough thinking and continuous improvement; sets a personal example
Market Research: ability to conduct market/industry/supplier analysis and synthesize data into a consumable format
Commercial skill/strategic negotiation ability
Project Management: ability to develop, plan and execute projects and create remediation plans and actions with timely updates to management
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
Legal Acumen: strong understanding and proven experience in executing and amending complex legal Master Agreements and commercial agreement SLAs
Preferred Qualifications, Capabilities And Skills
MBA preferred
Ideally direct experience working with Marketing spend categories
Ideally direct experience working with large media agencies (traditional, digital and social)
Technology Acumen: advanced proficiency in Microsoft Office Suite (especially advanced Excel) as well as SAP Ariba analysis
Interpersonal: ability to lead and influence execute-level stakeholders
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
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
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Management and Manufacturing
#J-18808-Ljbffr