Category Sourcing Manager -Vice President
On-site · Jersey City, New Jersey, United States
Job Summary
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 to understand business drivers and third-party requirements. Support vendor rationalization efforts across the Commercial & Investment Bank and Asset & Wealth Management. Drive channel compliance across the vendor landscape and help ensure contracted goods/services can be obtained efficiently and cost-effectively on a global basis. Develop and execute sourcing strategies for significant transactions aligned to Global Supplier Services (GSS) strategic priorities. Conduct supplier due diligence and partner with clients and stakeholders to define sourcing requirements. Assess supplier offerings and develop/present sourcing options that meet JPMorgan Chase 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, while partnering 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
- Minimum 5 years of Market Data Services experience
- Extensive Sourcing and process knowledge
- Strong written and verbal communication, interpersonal skills, and judgment
- 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, and 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
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