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Join JPMorgan Chase as a Sourcing Analyst and drive the Global Supplier Services agenda. Bring your expertise to lead sourcing and contracting processes, leveraging firm-wide buying power to meet business needs efficiently and cost-effectively. As a Sourcing Analyst within Global Supplier Services, you will lead the sourcing and contracting process for third-party supplier spend across various lines of business. You will develop relationships within Consumer and Community Banking, Corporate and Investment Bank, Asset Wealth Management, and other lines of business to enhance the Global Supplier Services agenda across Technology sourcing categories. Your ability to negotiate and contract with suppliers, along with your strong relationship management skills, will be key to your success.
Job responsibilities
- Support category management deliverables including analysis, supplier management, commercials, contract management, and compliance.
- Develop working relationships with senior executives in technology sourcing and other lines of business.
- Ensure 3rd Party vendor relationships and channel compliance align with Global Supplier Services strategic priorities.
- Lead the development and execution of strategies for significant sourcing transactions.
- Identify qualified candidate suppliers capable of meeting JPMorgan Chase requirements.
- Conduct in-depth supplier due diligence as required, ensure selected vendors comply with Service Level Agreement through collaboration with internal partners and client teams.
- Design and execute competitive processes for sourcing transactions to obtain value-added solutions.
- Evaluate competitive offerings from suppliers to present sourcing options that meet JPMorgan Chase business requirements.
- Lead negotiations to establish commercial terms and manage the contract development process.
- Maintain compliance with all policy and procedural guidelines, conduct in-depth cost and spend analysis to develop target savings initiatives.
- Partner with global teams and clients on local, regional, and global sourcing projects, collaborate with internal JPMorgan Chase legal, risk, third-party oversight, and finance teams.
Required qualifications, capabilities, and skills
- Extensive technology sourcing experience with global and regional third-party providers.
- Strong sourcing, contracting, and procurement knowledge.
- Excellent written and verbal communication skills, strong interpersonal skills, and good judgment.
- Ability to multitask and complete assignments within defined deadlines, ability to work with all levels of management across regions.
- Strong knowledge of Purchase Order administration and contracting practices.
- Extensive client management skills and strong relationship management skills.
- Strong financial analysis skills and good people management skills.
- Familiarity with RPA tools and technologies.
- Proven track record of strategic thinking in sourcing or vendor management roles.
- Project management experience in complex initiatives.
- Strong understanding of legal contracts, including service level agreements.
Preferred qualifications, capabilities, and skills
- Degree-level education with 4-5 years of experience managing third-party providers.
- Experience in managing commodity or spend category spend is advantageous.
- Working experience in the Banking & Financial Services industry preferred.
- Advanced proficiency in Microsoft Office Suite (especially Excel) and Ariba.
- Knowledge of IT systems and financial systems is advantageous.
Source: JP Morgan Career Page
