Associate - Category Sourcing Manager

JPMorgan Chase & Co.; Bengaluru; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

JPMorgan Chase & Co. in Bengaluru seeks an Associate Category Sourcing Manager (Market Data) to lead sourcing and contracting for third-party Market Data services across trading platforms, pricing services, and research subscriptions.

You will partner with stakeholders in Commercial & Investment Bank and Asset & Wealth Management, conduct supplier due diligence, run competitive processes, and negotiate terms to support policy-compliant agreements.

Responsibilities

• 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 (Market Data Services) 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 vendors and ensure contracted goods/services are obtained efficiently and cost-effectively globally.
• 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 for sourcing and contracting while partnering with regional teams on local, regional and global initiatives.
• 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.

Job description

Associate Category Sourcing Manager (Market Data)

As a Category Sourcing Manager - Associate within Global Supplier Services (GSS), you will lead and support sourcing and contracting activities for third-party supplier spend across Market Data and related services (including trading platforms, exchanges, pricing services, research subscriptions, and broker services). You will build strong relationships with internal stakeholders - primarily within the Commercial & Investment Bank and Asset & Wealth Management - conduct supplier due diligence, run competitive sourcing processes, negotiate commercial terms, and partner with Legal, Risk, Third Party Oversight, and Finance to execute agreements in line with policy and procedural requirements

Job Responsibilities

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 (including Market Data Services and Global Reference Data) 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.