Sourcing Analyst

DescriptionShape the future of technology sourcing at JPMorgan Chase, where your expertise will drive impactful projects and open doors to exceptional career growth. Join a dynamic team that values your skills, fosters development, and empowers you to make a real difference in a world-class organization. As a Sourcing Analyst, you will collaborate with suppliers to deliver quality and capability, supporting our business needs. You'll build relationships across multiple lines of business to enhance the Global Supplier Services agenda. Take the next step in your career with us and help transform how we source technology.As a Sourcing Analyst within the Global Supplier Services team, you will collaborate with suppliers to deliver quality and capability, supporting our business needs. You'll build relationships across multiple lines of business to enhance the Global Supplier Services agenda. Take the next step in your career with us and help transform how we source technology. As a Sourcing Analyst, you will partner with senior executives and stakeholders to deliver sourcing solutions that promote value and efficiency. You will manage supplier relationships, ensure compliance with policies, and support category management deliverables. Your role will involve negotiating commercial terms, leading contract development, and promoting cost reduction initiatives. You will leverage firm-wide buying power and control risk to meet overarching goals. Join us to make a meaningful impact on our technology sourcing strategy.Job responsibilitiesSupport category management deliverables, including analysis, data gathering, and market insights.Develop relationships with senior executives and stakeholders to understand business drivers and sourcing requirements.Ensure third-party vendor relationships and channel compliance align with strategic priorities.Identify and qualify suppliers capable of meeting JPMC requirements.Conduct in-depth supplier due diligence and risk assessments.Lead negotiations to establish commercial terms and manage contract development through approval and execution.Maintain compliance with all policy and procedural guidelines.Partner with internal teams and clients on local, regional, and global sourcing projects.Ensure selected vendors comply with service level agreements through collaboration with partners and client teams.Drive channel compliance and support vendor rationalization programs.Leverage firm-wide buying power and control risk to achieve cost-effective sourcing outcomes.Required qualifications, capabilities, and skills Extensive technology sourcing experience, including global and regional third-party providers.Strong sourcing, contracting, and procurement knowledge.Excellent written and verbal communication skills, with strong interpersonal skills and good judgment.Ability to multitask and manage complex assignments with defined deadlines.Experience with vendor management and contract negotiations.Strong relationship management and analytical skills.Proficiency with RPA tools and technologies.Minimum 4 years experience managing third-party providers or spend categories.Bachelor's degree required.Advanced proficiency in Microsoft Office Suite (especially Excel) and Ariba.Preferred qualifications, capabilities, and skills Proven track record in strategic thinking within sourcing or vendor management roles and experience in the Banking & Financial Services industry preferred.Knowledge of RFx processes (RFI, RFP, RFQ).Understanding of legal clauses and service level agreements.Experience with technology sourcing transformation and process improvement.Ability to interpret legal clauses and manage contractual risks.TENURE: Must meet minimum employment tenure requirement. Specific roles require longer tenure in current position to be eligible to apply. Unless established for specific positions by the line of business, the standard tenure requirement is 12 months.PERFORMANCE:Meets satisfactory performance standards as defined by the firm By submitting an application and/or joining the interview, you affirm to meet the Internal Mobility Eligibility Requirements as stated in the Applying for Internal Positions Firmwide Standard. You are expected to provide true and accurate information to the Company during the recruitment and application process. Knowingly giving false or misleading information shall be subjected to the imposition of appropriate corrective action, following the firm's HR Policies and Guidelines.Inform your manager once scheduled for an interview. Include in your discussion if you have questions about eligibility or Line of Business specific guidelines. Make sure your profile is updated in the new > Jobs.  Attaching your updated resume is encouraged.  In partnership, Hiring Managers and Recruiters will review applications to determine which candidates best meet the required skills and experience specified in the job description. While not every application will result in an interview, applications will be acknowledged.