Associate, Category Sourcing - Market Data Services

Job Description
Job Summary
Global Supplier Services team manages the vendor rationalization program across CIB and AM business and drive channel compliance, while ensuring contracted goods and services can be obtained by our employees in an efficient, cost-effective manner globally.
As an Associate in Global Supplier Services team you will be responsible to develop relationships primarily within the Corporate and Investment Bank and the Asset & Wealth Management lines of business to enhance the Global Supplier Services agenda across the Market Data, Brokerage, and Clearing & Exchanges Category. You will be responsible for assisting as well as leading the sourcing and contracting process for third party supplier spend for various groups within a Line of Business.
Job responsibilities

• Develop working relationships with senior executives in the Market Data Services and Global Reference Data teams and other lines of business, understand their business drivers, and their requirements for engaging third parties
• Ensure 3rd Party vendor relationships and channel compliance are consistent with GSS strategic priorities
• Lead the development and execution of strategies for significant sourcing transactions
• Carry out in depth supplier due diligence as required
• Work with LOB clients and other stakeholders to define requirements for a sourcing transaction
• Evaluate competitive offerings from suppliers to develop and present sourcing options that meet business requirements
• Lead some of the negotiations to establish commercial terms and lead the contract development process through its approval and execution
• Maintain compliance with all policy and procedural guidelines
• Partner with regional teams and clients on local, regional, and sometimes global sourcing projects
• Partner closely with internal JPMC legal, risk, third party oversight and finance teams towards the successful completion of intricate negotiations and initiatives
• Ensure all the selected vendors are compliant with SLA's (Service Level Agreements) through collaboration with our internal partners and client teams
• Conduct in depth cost and spend analysis in order develop target saves initiatives though various cost reduction means

Required qualifications, capabilities, and skills.

• Market Data Services experience or similar in-comparison category experience is required,
• Extensive Sourcing and process knowledge
• Experience working within the area of third-party providers.
• A good understanding of legal contracts including service level agreements.

Preferred qualifications, capabilities, and skills

• Experience in managing commodity or spend category spend
• Working experience of the Financial Services industry
• Advanced proficient in the use of the Microsoft Office Suite (especially advanced Excel) as well as Ariba analysis
• Proven track record of broad, strategic thinking in a Sourcing or Vendor Management type role

About Us
JPMorgan Chase & Co., 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.