Join JPMorgan Chase & Co., a global financial leader, at our India Global Service Centre (GSC) in Bengaluru. This strategic hub leverages India's talent and technology to deliver high-quality business services worldwide, fostering a culture of continuous learning and innovation. The centre excels in adopting new technologies and standardizing processes to enhance productivity and service quality. Collaborating with global offices, the GSC ensures seamless integration and promotes transformation, making it a cornerstone of our global operations

Job Summary

As a Sourcing Associate within the sourcing & procurement team, you will be responsible for sourcing, contracting and execution for third party supplier spend across Non-Technology categories. In particular the role will work closely with the Global Category Managers and Directors and their teams for Tax, Audit, Legal, Compliance, Advisory and Management Consulting. The Sourcing Associate will collaborate with Global Category Managers in solutioning and executing business requirements that meets the firm’s standards. This position requires an experienced Sourcing individual who will be able to develop relationships within the lines of business and coordinate with Sourcing Leads and Vendor Management teams globally, where required.

Job responsibilities

• Identify qualified candidate suppliers capable of meeting JPMC requirements.
• Conduct in-depth supplier due diligence as required.
• Collaborate with LOB clients and stakeholders to define requirements for sourcing transactions.
• Design and execute competitive processes for each sourcing transaction to obtain the best value-added solutions.
• Evaluate competitive supplier offerings and present sourcing options that meet JPMC's business needs.
• Lead negotiations to establish commercial terms and manage the contract drafting, approval, and execution process.
• Maintain compliance with all policy and procedural guidelines.
• Partner with global and regional teams, as well as clients, on local, regional, and global sourcing projects.
• Work closely with internal JPMC legal, risk, and finance teams to successfully complete complex negotiations and initiatives.
• Ensure all selected suppliers comply with SLAs through collaboration with internal partners and client teams.
• Conduct in-depth cost and spend analysis to develop targeted savings initiatives, and collaborate with Vendor Management to manage key supplier performance and relationships.

Required qualifications, capabilities and skills

• At least 5 years’ experience in Sourcing, ideally with at least one of the Specific Categories
• Interpersonal: ability to lead and influence execute level stakeholders
• Thought Leadership: determination to drive breakthrough thinking and continuous improvement; sets a personal example
• Commercial skill/strategic negotiation ability
• Change Management: ability to drive change with management direction but without having to be prescribed to
• Project Management: ability to develop, plan and execute projects and create remediation plans and actions with timely updates to management
• 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
• 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