Indirect Sourcing Manager (Hybrid)

Morgan Stanley; Montreal; Hybrid; CAD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking an Indirect Sourcing Manager to join their Global Supplier Services team. This pivotal role involves managing indirect sourcing activities across various commodities, including Professional Services and Marketing. The successful candidate will drive business value through strategic sourcing and vendor management, ensuring optimal contract terms and fostering strong relationships with stakeholders. This innovative firm offers a hybrid work environment, allowing flexibility while maintaining a collaborative workplace culture. If you are a motivated professional with a passion for sourcing and procurement, this opportunity is perfect for you.

Benefits

Comprehensive employee benefits

Flexible work environment

Diversity and inclusion initiatives

Mentorship programs

Qualifications

• 6+ years in Indirect sourcing with expertise in commodities like Professional Services.
• Strong negotiation skills and ability to build supplier relationships.

Responsibilities

• Manage supplier engagements and renewals focusing on strategic suppliers.
• Develop sourcing strategies and analyze supplier proposals.

Skills

Commercial negotiation

Interpersonal skills

Sourcing skills

Written communication

Verbal communication

Education

Bachelor's degree

Tools

Microsoft Office

Ariba

Job description

We're seeking candidates to join our Global Supplier Services team within Corporate Services as an Indirect Sourcing Manager who will be responsible for managing Indirect sourcing activities. Commodities include Professional Services, Benefits, Marketing, Design & Construction, Security Services and Amenities.

In the Corporate Services division, we empower our businesses by creating collaborative workplace solutions and commercial services that enhance the employee and client experience, while optimizing the value of our sourcing and third-party lifecycle to enable the Firm to do-and-win business. This is a Director level position within Sourcing / Procurement, which is responsible for procurement (e.g., purchasing and supply chain activities), as well as vendor management (e.g., business requirements gathering, sourcing strategy, competitive and market assessments, negotiation, contracting, and relationships associated with outsourced services).

Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions and individuals around the world achieve their financial goals.

Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on…

What you’ll do in the role:

• Facilitate new supplier engagements and service/product renewals with a focus on the assigned category and strategic suppliers
• Serve as a trusted advisor to business stakeholders and work collaboratively with technology colleagues
• Develop sound sourcing and commodity strategies that drive business value and mitigate risk
• Maximize commercial impact through use of competitive bids and benchmarking/advisory
• Analyze supplier proposals and negotiate best in class contract terms and value proposition
• Work cross-functionally with Finance, Legal and Compliance to draft and execute contracts
• Complete documentation and system requirements as required to enable the Source to Pay process

What you’ll bring to the role:

• Bachelor's degree
• At least 6 years relevant experience in Indirect sourcing positions. Able to demonstrate subject matter expertise in at least one or more commodity areas:
• Experience in Professional Services Commodity, including drafting complex Statements of Work, OR
• Experience in the execution of large and complex Benefits Agreements, Learning and Development Commodity, and/or Marketing and Business Development Sourcing, OR
• Experience in Design and Construction, Security Services and Amenities Commodities, with demonstrated thought leadership in these categories.
• Commercial negotiation and influencing skills to drive savings and deliver value to stakeholders
• Experience in contract interpretation, analysis and drafting across Master and Sub-Agreements
• Strong Sourcing skills and the ability to execute across all elements of the Source to Manage lifecycle.
• Outstanding interpersonal skills, including the ability to develop and nurture both business and supplier relationships

Additionally, the successful candidate must:

• Be highly motivated, proactive, and take ownership of tasks and projects
• Have strong written and verbal communications skills
• Demonstrate proficiency in the Microsoft Office suite of products
• Have experience using procurement tools such as Ariba

At Morgan Stanley Montreal, we support the Firm’s global businesses and infrastructure with cutting edge technology and innovation. The multi-faceted and highly technical Montreal team plays a critical role in building and maintaining our leading technology platform, including electronic trading, algorithm trading, cloud engineering, infrastructure, cybersecurity and AI/ML. Morgan Stanley has been rooted in the Montreal community since 2008 and is considered a leading employer among the area’s highly skilled technology talent. There’s ample opportunity to move across the businesses for those who show passion and grit in their work.

All our positions are located in Montreal, Quebec. We offer a hybrid work environment, combining remote work and attendance in the office.

Knowledge of French and English is required.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry.

We're committed to bringing passion and customer focus to the business.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential.