Sourcing Associate - Vendor and Contract Management

JP Morgan Services India Pvt Ltd; Bengaluru; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

J.P. Morgan in Bengaluru, India, seeks an Associate - Sourcing to lead end-to-end sourcing and contracting for third-party spend across multiple lines of business.

You will identify capable suppliers, run competitive sourcing events, negotiate contracts, and drive cost optimization while maintaining compliance with enterprise policies. The role requires 8+ years in sourcing or procurement, strong stakeholder management, and proficiency in contracts and MS Excel.

Qualifications

• Extensive sourcing & procurement experience, including global/regional 3rd party providers.
• Excellent written and verbal communication skills with strong interpersonal abilities.
• Ability to multitask and complete deals within defined deadlines.
• Experience working with bank/financial services or large corporate environments.

Responsibilities

• Lead end-to-end sourcing and category management activities, including spend analysis, market research, supplier capability assessments, stakeholder requirements, category strategy, and value creation opportunities.
• Develop partnerships with sourcing leadership, lines of business, and global stakeholders to align sourcing strategies and support global initiatives.
• Manage supplier lifecycle activities including due diligence, performance evaluation, and relationship management.
• Design and execute competitive sourcing events, evaluate proposals, drive cost savings, and deliver commercial outcomes.
• Lead contract development and governance, including negotiation of terms, MSAs, SLAs, and other agreements with Legal, Risk, Finance, and SRM teams to ensure success.

Skills

Sourcing & procurement

Vendor management

Contracting

Stakeholder management

Negotiation

Education

Degree level education

Tools

Ariba

Microsoft Excel

Job description

Associate - Sourcing 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

J.P. Morgan, 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.

Experience Level Mid Level