Category Sourcing Manager - Global Real Estate

JPMorganChase•Jersey City, NJ

About The Position

The Global Supplier Services (GSS) organization unites Category Sourcing, Third Party Oversight, Procurement Operations, Accounts Payable, Supplier Relationship Management, and Travel Services into a cohesive team. This group of over 1000 employees across 16 countries manages the source-to-pay processes for JPMorgan Chase, mitigating supplier-related risks, enhancing supplier performance, and managing expenses while providing an optimal customer experience. As a Category Manager within Global Supplier Services, you will focus on developing and executing category sourcing strategies in support of JPMC’s Global Real Estate (GRE) group, specifically in the Design and Construction space.

Requirements

Bachelor's Degree required
7+ years of experience managing a relevant category, such as design and construction services, ideally for a large financial services institution, with a focus on managing global relationships with major suppliers to drive performance, value, and innovation.
Strong interpersonal skills with the ability to lead and influence executive-level stakeholders and demonstrated thought leadership with a commitment to breakthrough thinking and continuous improvement.
Proficiency in market research, with the ability to conduct market/industry/supplier analysis and synthesize data into a consumable format and to transform and present complex data and information into clear, easily digestible visuals and compelling narratives.
Proven experience in change management, with the ability to lead change with management direction.
Strong project management skills, with the ability to develop, plan, and execute projects and create remediation plans with timely updates to management.
Excellent communication skills, with the ability to sustain working relationships with internal sourcing and client stakeholders.
Expertise in cost modeling, with the ability to understand value streams, cost drivers, and how to break down cost structures, with advanced commercial and strategic negotiation skill and abilities.
Hands-on experience with technology tools such as the Ariba product suite, PMWeb, Procore, Building Connected or similar platforms.
Technical knowledge of construction project management, including familiarity with building codes, regulations, and industry standards.
Ability to manage sourcing activities for complex, high-rise construction projects, ensuring compliance with safety and quality standards.

Nice To Haves

Experience managing the end-to-end sourcing for large, complex and fast-moving high-rise and campus-level design and construction projects.
Field or industry experience and industry certification(s) in a relevant category such as design or construction services.

Responsibilities

Lead and manage the sourcing and contracting process for third-party supplier spend within the Global Real Estate group, ensuring maximum speed to market, value, and efficiency.
Collaborate with Sourcing and GRE stakeholders to identify top-tier suppliers, spearhead competitive sourcing processes, and negotiate contracts that align with strategic objectives.
Focus on sourcing responsibilities for architects, engineers, and construction managers, managing the end-to-end sourcing for complex, high-rise construction projects and other projects as required.
Help develop and champion sourcing and supplier management strategies, such as preferred supplier programs, that enhance speed to market, take advantage of the bank’s full buying power, mitigate risks, increase efficiencies in the source-to-pay process, and improve supplier performance.
Collaborate with other colleagues in Sourcing and the GRE Design and Construction team to develop and execute multi-year category and supplier spend management strategies that drive increased speed to market and higher quality outcomes and commercial value focusing on key areas such as architects, engineers, cost consultants, construction managers, general contractors, and related services.
Conduct in-depth cost and spend analysis to develop target savings and cost reduction initiatives.
Design and execute the bidding process to obtain the best value-added solutions from participating suppliers.
Evaluate supplier offerings and present sourcing options that meet GRE's business requirements and lead negotiations to establish commercial terms and oversee the contract development process through approval and execution.
Partner with regional teams and clients on local, regional, and global sourcing projects and work closely with internal JPMC legal, risk, GRE Contracts manager, GRE Vendor Management Office, and finance teams to successfully complete intricate negotiations and initiatives.
Lead category and supplier spend management activities within your sourcing category and suppliers, conducting detailed cost and spend analysis to develop target savings initiatives through various cost reduction means.
Ensure compliance with all relevant policy and procedural guidelines and manage administrative responsibilities effectively in project and contracting activities and identify new opportunities to address or anticipate client needs.