JP Morgan Chase - Analyst/Associate - Global Supplier Services

Job Description: Analyst - ITPS (Individual Contributor)

Level: ( 502)

Location: Bangalore

Business Unit: Global Supplier Services (GSS)

Reporting to: Associate ( 601/ 602 )

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, 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. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/ .

JPMorgan Chase seeks to do business with suppliers who provide the best price, quality and capability to meet our business needs. With over 600 team members in 11 countries, our Global Supplier Services (GSS) organization works proactively with line of business colleagues to identify capable suppliers, lead the competitive sourcing process and negotiate and contract with the chosen suppliers. Leveraging firm-wide buying power and controlling risk are consistent overarching goals. GSS then ensures that the contracted goods and services can be obtained by our employees in an efficient, cost-effective manner globally.

This Global Category Manager role is responsible for leading the development of long term category sourcing strategy plans, along with the sourcing, contracting and execution for third party supplier spend across JPMC Lines of Business 'LOB' for select Consumer Business Application Technology & Software categories. This position requires an experienced sourcing manager who will be able to develop relationships within the lines of business and coordinate with sourcing leads across the globe where required.

In addition, the Analyst will be expected to effectively support management of the category and the unique reporting, comparative analysis and ongoing supplier maintenance requirements of the Contingent Labor space. This activity includes, but is not limited to: the maintenance of Preferred Supplier Program; the collection of industry trends and benchmarking; quarterly business reviews (supplier performance and need for new Program supplier participants); ongoing evaluation of supplier competencies to ensure service coverage and alignment; ongoing evaluation of the service provider market (best practices, emerging trends); ongoing evaluation of supplier cost modeling.

Roles and Responsibilities :

- Support in conducting in-depth cost and spend analysis to develop target savings & cost reduction initiatives

- Complete the following activities for material sourcing events:

- Work with LOB clients and stakeholders to define requirements

- Identify qualified candidate suppliers

- Design and execute the competitive process

- Complete supplier due diligence

- Evaluate competitive offerings from suppliers and develop and present sourcing options that meet JPMC's business requirements

- Conduct commercial term negotiations

- Lead the contract development process

- Process Transactions.

- Partner and collaborate with:

- Regional Sourcing colleagues

- Local, regional and global internal stakeholders.

- In-house Legal, Risk and Finance teams

- Maintain compliance with all policy and procedural guidelines

- Identify new service opportunities that address or anticipate client needs

Priorities :

- Build effective and trusted relationships with clients, internal stakeholders and GSS peers

- Manage and maintain key supplier relationships

- Proactive engagement with clients

- Achieve targets for cost reduction / savings, supplier optimization, risk mitigation, order & payment compliance, and preferred supplier identification

Qualifications:

- Bachelor's Degree required; MBA preferred

- Minimum of 5 years ( Analyst ) and 7 years ( Associate - 601 ) experience in managing commodity or spend category spend

- Market Research: ability to conduct market/industry/supplier analysis and synthesize data into a consumable format

- Commercial skill/strategic negotiation ability

- 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.

- Technology Acumen: advanced proficient in the use of the Microsoft Office Suite (especially advanced Excel) as well as Ariba analysis

- Sourcing Methodology: strong knowledge of the key aspects of the RFI/RFP/RFQ and five step sourcing process

- Legal Acumen: strong understanding and proven experience in executing and amending complex legal Master Agreements and Service levels

- CCWP accreditation preferred

About us:

JPMorgan Chase & Co., 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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

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.

The apply button will redirect you to an external URL, please apply there as well