JPMorgan Chase seeks to do business with suppliers who provide the best price, quality and capability to meet our business needs.
As an Analyst - Sourcing within Global Supplier Services, you will lead the sourcing and contracting process for third party supplier spend across various lines of business.
- Responsible for leading the sourcing and contracting process for third party supplier spend for various groups within a Line of Business.
- Works proactively with line of business colleagues to identify capable suppliers, lead the competitive sourcing process and negotiate and contract with the chosen suppliers.
- Support the vendor rationalization program across GSS
- Drive channel compliance across the vendor landscape of GSS, while ensuring contracted goods and services can be obtained by our employees in an efficient, cost-effective manner globally.
- Leverage firm-wide buying power and control risk to be consistent with overarching goals.
Job Responsibilities
- Lead end-to-end sourcing and category management activities, including spend analysis, market research, supplier capability assessments, stakeholder requirement gathering, category strategy development, and identification of value creation opportunities.
- Develop and maintain strong partnerships with sourcing leadership, lines of business, and global stakeholders to understand business requirements, align sourcing strategies, and support local, regional, and global sourcing initiatives.
- Manage supplier lifecycle activities, including supplier identification, segmentation, diversity and preferred supplier programs, due diligence, performance evaluation, rationalization, and ongoing relationship management.
- Design and execute competitive sourcing events and negotiations to secure the best overall value for the firm, evaluate supplier proposals, drive cost savings, and deliver commercial outcomes aligned to business objectives.
- Lead contract development and governance, including negotiation of commercial terms, MSAs, SLAs, and other contractual agreements, while partnering closely with Legal, Risk, Finance, Third Party Oversight, Procurement Operations, and SRM teams to ensure successful execution.
- Ensure compliance with enterprise policies, regulatory requirements, and sourcing standards, including vendor channel compliance, ADA requirements, secondary data use restrictions, purchasing guidelines, SLA adherence, and achievement of cost optimization and savings targets.
Required qualifications, skills, and capabilities:
- Extensive sourcing & procurement experience, specifically with global and regional 3rd party providers
- Extensive Sourcing, Contracting and Procurement knowledge
- Excellent written and verbal communication skills, strong interpersonal skills and good judgment.
- Ability to successfully multitask and complete difficult assignments/deals within defined deadlines
- Ability to work with all levels of management within the bank across all regions
- Extensive client management skills
- Strong relationship management skills
- Strong financial analysis skills
- Good people management skills
- Familiarity with RPA tools and technologies
Qualifications:
- Degree level education
- At least 4-5 years’ experience working within the area of managing third party providers. Experience in managing commodity or spend category spend would be an advantage.
- Working experience of the Banking & Financial Services industry
- Advanced proficient in the use of the Microsoft Office Suite (especially advanced Excel) as well as Ariba
- Excellent internal client management skills.
- Proven track record of broad, strategic thinking in a Sourcing or Vendor Management type role
- Project management experience in complex initiatives.
- Knowledge of the key aspects of the RFI/RFP/RFQ.
- Strong understanding of legal contracts including service level agreements.
- Knowledge of IT systems and financial systems would be an advantage
- Strong knowledge of PO: administration, developing, specifying goods and services, interpreting legal clauses, managing contractual risks, improvements in contracting practice
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.
Skills Required
- Degree-level education
- At least 4–5 years of experience managing third-party providers
- Extensive sourcing and procurement experience with global and regional third-party providers
- Extensive knowledge of sourcing, contracting, and procurement
- Strong written and verbal communication skills
- Strong interpersonal, relationship management, and client management skills
- Ability to multitask and complete complex assignments within deadlines
- Ability to work with management across all regions
- Strong financial analysis skills
- People management skills
- Banking and financial services industry experience
- Advanced proficiency in Microsoft Office Suite, especially Excel
- Experience with Ariba
- Strategic sourcing or vendor management experience
- Project management experience in complex initiatives
- Knowledge of RFI, RFP, and RFQ processes
- Strong understanding of legal contracts and service-level agreements
- Knowledge of purchase order administration and contractual risk management
- Familiarity with RPA tools and technologies
- Commodity or spend-category management experience
- Knowledge of IT and financial systems
JPMorganChase Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.
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Healthcare Strength — Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
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Parental & Family Support — Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
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Retirement Support — Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.
JPMorganChase Insights
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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