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 for more information about requesting an accommodation.
Skills Required
- 10+ years of sourcing experience.
- Extensive sourcing and process knowledge.
- Strong written and verbal communication, interpersonal skills, and judgment; 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.
- Experience with Ariba procurement tool.
- Understanding of legal contracts and SLAs and ability to support contract development and compliance.
- Experience working with third-party providers in a Financial Services context.
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 comprehensive, with on-site clinics, preventive care, and specialized supports such as maternity nurse guidance and fertility treatments. Wellness activities can help offset copays and out-of-pocket costs, reinforcing the perceived strength of health benefits.
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Retirement Support — A 401(k) with dollar-for-dollar matching and additional automatic pay credits reflect strong employer-backed retirement savings. An employee stock purchase plan and related financial programs further bolster long-term financial support.
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Leave & Time Off Breadth — Paid time off, sick time, holidays, and generous parental leave are provided alongside family medical leave and adoption/fertility assistance. Additional programs like caregiver support and volunteer time off expand the breadth of time-away options.
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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