Associate - Sourcing Manager

Job Summary

As a Sourcing Manager within Global Supplier Services, 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 contractingfor third-party supplier spend across Market Data and related services within a line of business.
• Build stakeholder partnershipswith senior executives and teams (including Market Data Services and Global Reference Data) to understand business drivers and third-party requirements.
• Drive channel complianceacross the vendor landscape and help ensure contracted goods/services can be obtained efficiently and cost-effectively on a global basis
• Conduct supplier due diligenceand partner with clients and stakeholders to define sourcing requirements.
• Assess supplier offeringsand develop/present sourcing options that meet JPM business requirements.
• Lead negotiations and contract developmentthrough approval and execution in partnership with internal control functions.
• Maintain adherence to policy and procedural guidelinesfor sourcing and contracting activities.
• Partner with regional teamson local, regional, and global sourcing initiatives as needed.
• Support SLA complianceby collaborating with internal partners and client teams to ensure selected vendors meet service expectations.

• Perform cost and spend analysisto develop savings initiatives and identify cost reduction opportunities.

Required qualifications, capabilities, and skills

• 10+ years of sourcing experience.

• Extensive Sourcing and process knowledge.

• Strong written and verbal communication, interpersonal skills, and judgment, with the ability to manage multiple priorities and deliver under deadlines

• Ability to work effectively across regions and with all levels of management.

• Client management and relationship management skills.

• Strong financial analysis skillsand experience conducting cost/spend analysis.

• Advanced proficiency with Microsoft Office, especially advanced Excel, plus Ariba procurement tool.

• Understanding of legal contracts and SLAsand the ability to support contract development and compliance.
• Experience working with third-party providersin a Financial Services context.