Associate, Category Sourcing
JPMorganChase
Date: 8 hours ago
City: Bengaluru, Karnataka
Contract type: Full time
Job Description
Join a dynamic team at JPMorgan Chase, where the Global Supplier Services (GSS) organization excels in supplier management across 16 countries, with over 1000 professionals.
Job Summary
As an Associate sourcing manager within the sourcing & procurement team, you'll develop relationships within business lines and coordinate with Category Managers and Directors globally. The role demands analytical skills and category management experience to support supplier due diligence, engagement scoping, demand challenging, techno-commercial evaluation through market intelligence and benchmarking, contract negotiations with risk management principles agreed within the Bank, and on-boarding through the right payment channel. You will be responsible for handling categories such as Advertising & Branding Agencies (“Above the Line” and “Below the Line”), Digital Content & Production Services (i.e., Video Development and Production Services categories), and other related global Marketing categories as needed
Job Responsibilities
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.
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.
Join a dynamic team at JPMorgan Chase, where the Global Supplier Services (GSS) organization excels in supplier management across 16 countries, with over 1000 professionals.
Job Summary
As an Associate sourcing manager within the sourcing & procurement team, you'll develop relationships within business lines and coordinate with Category Managers and Directors globally. The role demands analytical skills and category management experience to support supplier due diligence, engagement scoping, demand challenging, techno-commercial evaluation through market intelligence and benchmarking, contract negotiations with risk management principles agreed within the Bank, and on-boarding through the right payment channel. You will be responsible for handling categories such as Advertising & Branding Agencies (“Above the Line” and “Below the Line”), Digital Content & Production Services (i.e., Video Development and Production Services categories), and other related global Marketing categories as needed
Job Responsibilities
- Develop and maintain relationships with global category management teams and business stakeholders to understand their third-party engagement needs
- Ensure third-party vendor relationships and channel compliance align with strategic priorities
- Lead the development and execution of sourcing strategies for significant transactions
- Conduct thorough supplier due diligence and collaborate with stakeholders to define sourcing requirements.
- Evaluate supplier offerings to present sourcing options that meet business needs and lead negotiations for commercial terms
- Partner with internal JPMC legal, risk and finance departments to complete negotiations and ensure vendor compliance with SLAs
- Conduct cost and spend analysis to identify savings initiatives through cost reduction methods
- Degree-level education required, 3 + years in a category sourcing role and 7+ years in sourcing and procurement
- Experience with third-party providers and managing commodity/category spend
- Demonstrated project ownership and successful completion; advanced proficiency in Microsoft Office Suite (Excel) and Ariba; strategic thinking in sourcing/vendor management
- Excellent internal client management skills; understanding of legal contracts, clauses, commercial terms, INCO terms, service level agreements
- Experience in Category Management of Marketing Agencies, including rate card contracts, and comprehensive sourcing processes
- Strong written and verbal communication skills, interpersonal abilities, and sound judgment
- Proven multitasking skills, completing complex assignments within deadlines, and collaborating with management across regions
- Proficient in client management, relationship management, and financial analysis
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.
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.
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