Associate - Sourcing

Fairygodboss; Bengaluru; On-site; INR 900,000 - 1,500,000; Full time

Job summary

JPMorganChase is seeking an Associate - Sourcing within Global Supplier Services to lead sourcing and contracting for third-party spend across diverse business groups. You will collaborate with line-of-business colleagues to identify capable suppliers, run competitive sourcing events, and negotiate contracts that deliver business value globally.

Responsibilities include end-to-end sourcing, category management, supplier lifecycle oversight, and governance across MSAs and SLAs, with a focus on

Qualifications

• Extensive sourcing & procurement experience, specifically with global and regional 3rd party providers.
• Extensive Sourcing, Contracting and Procurement knowledge.
• Excellent written and verbal communication skills, strong interpersonal skills and good judgment.
• Ability to multitask and complete difficult assignments/deals within defined deadlines.
• Ability to work with all levels of management across regions and functions.
• Extensive client management skills and strong relationship management abilities.
• Strong financial analysis skills.
• Good people management skills.
• Familiarity with RPA tools and technologies.
• Degree level education.
• At least 8+ years' experience working with third party providers and spend management.

Responsibilities

• Lead end-to-end sourcing and category management activities, including spend analysis, market research, supplier capability assessments, stakeholder requirement gathering, category strategy development, and value creation opportunities.
• Develop and maintain partnerships with sourcing leadership, lines of business, and global stakeholders to understand requirements and support local to global sourcing initiatives.
• Manage supplier lifecycle activities: identification, segmentation, diversity programs, due diligence, performance evaluation, rationalization, and relationship management.
• Design and execute competitive sourcing events and negotiations to secure best overall value and cost savings.
• Lead contract development and governance, including negotiation of MSAs, SLAs, and other agreements with Legal, Risk, Finance, and SRM teams.
• Ensure compliance with policies, regulatory requirements, and sourcing standards across vendor channels and procurement processes.

Skills

Sourcing

Procurement

Contracting

Vendor management

Stakeholder management

Financial analysis

Negotiation

Excel

Communication

RPA tools

Education

Bachelor's degree

Tools

Ariba

Microsoft Office

Job description

As an Associate - Sourcing within Global Supplier Services, you will lead the sourcing and contracting process for third party supplier spend across various lines of business.

Responsible for leading the sourcing and contracting process for third party supplier spend for various groups within a Line of Business.

Works proactively with line of business colleagues to identify capable suppliers, lead the competitive sourcing process and negotiate and contract with the chosen suppliers.

Support the vendor rationalization program across GSS

Drive channel compliance across the vendor landscape of GSS, while ensuring contracted goods and services can be obtained by our employees in an efficient, cost-effective manner globally.

Leverage firm-wide buying power and control risk to be consistent with overarching goals.

Job Responsibilities

Lead end-to-end sourcing and category management activities, including spend analysis, market research, supplier capability assessments, stakeholder requirement gathering, category strategy development, and identification of value creation opportunities.

Develop and maintain strong partnerships with sourcing leadership, lines of business, and global stakeholders to understand business requirements, align sourcing strategies, and support local, regional, and global sourcing initiatives.

Manage supplier lifecycle activities, including supplier identification, segmentation, diversity and preferred supplier programs, due diligence, performance evaluation, rationalization, and ongoing relationship management.

Design and execute competitive sourcing events and negotiations to secure the best overall value for the firm, evaluate supplier proposals, drive cost savings, and deliver commercial outcomes aligned to business objectives.

Lead contract development and governance, including negotiation of commercial terms, MSAs, SLAs, and other contractual agreements, while partnering closely with Legal, Risk, Finance, Third Party Oversight, Procurement Operations, and SRM teams to ensure successful execution.

Ensure compliance with enterprise policies, regulatory requirements, and sourcing standards, including vendor channel compliance, ADA requirements, secondary data use restrictions, purchasing guidelines, SLA adherence, and achievement of cost optimization and savings targets.

Required qualifications, skills, and capabilities:

Extensive sourcing & procurement experience, specifically with global and regional 3rd party providers

Extensive Sourcing, Contracting and Procurement knowledge

Excellent written and verbal communication skills, strong interpersonal skills and good judgment.

Ability to successfully multitask and complete difficult assignments/deals within defined deadlines

Ability to work with all levels of management within the bank across all regions

Extensive client management skills

Strong relationship management skills

Strong financial analysis skills

Good people management skills

Familiarity with RPA tools and technologies

Qualifications:

Degree level education

At least 8+ years' experience working within the area of managing third party providers. Experience in managing commodity or spend category spend would be an advantage.

Working experience of the Banking & Financial Services industry

Advanced proficient in the use of the Microsoft Office Suite (especially advanced Excel) as well as Ariba

Excellent internal client management skills.

Proven track record of broad, strategic thinking in a Sourcing or Vendor Management type role

Project management experience in complex initiatives.

Knowledge of the key aspects of the RFI/RFP/RFQ.

Strong understanding of legal contracts including service level agreements.

Knowledge of IT systems and financial systems would be an advantage

Strong knowledge of PO: administration, developing, specifying goods and services, interpreting legal clauses, managing contractual risks, improvements in contracting practice

ABOUT US

JPMorganChase, 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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

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.