Morgan Stanley

Director - Sourcing and Procurement (Corporate Services)

Posted On

Aug. 30, 2024

Location

Mumbai, Maharashtra

Experience Level

Freshers/Experienced

Job Type

Permanent

Apply By

Oct. 2, 2024

Job Description

We’re seeking someone to join our Global Supplier Services team within Corporate Services as a Sourcing Manager who will be responsible for managing a portfolio of Technology and/or Data supplier relationships across our global Technology and Operations organizations.

In the Corporate Services division, we provide solutions that enable Morgan Stanley’s workforce, across our global workplace locations, to effectively support and deliver value to our business clients. The Sourcing Manager is a Director position within Firmwide Sourcing. The Sourcing Manager is responsible for all elements of the Source to Contract process, including business demand management, supplier management, competitive bidding, sourcing project management, negotiations, and contracting.

Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.

At Morgan Stanley Mumbai we support the breadth of the Firm’s global business and functions from Wealth Management and Institutional Securities to Technology and Operations, Finance, Corporate, and Human Resources divisions. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. There’s ample opportunity to move about the business for those who show passion and grit in their work.

Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on…

What you’ll do in the role:

• Act as a “quarterback” to facilitate both new supplier engagements and service/product renewals with a primary focus on the assigned category and strategic suppliers

• Serve as a trusted advisor to business stakeholders and work collaboratively with technology and data providers, technology colleagues, and internal business partners across multiple levels and geographies to understand and synthesize key technology and data strategies across those areas and develop sound sourcing and commodity strategies that drive business value and mitigate risk

• Leverage all tools and resources available, including but not limited to developing and conducting competitive bids and leveraging benchmarking/advisory companies

• Create, present, and defend sound financial analysis and interpretation of supplier proposals to stakeholders as well as Sourcing Leadership

• Work cross-functionally with Asset and Data Management; Legal and Compliance; Third Party Program Management; and Finance on deal analysis and preparation, contract drafting and execution, funding and budgets

• Fulfill a variety of administrative requirements including but not limited to preparing supporting documentation for sourcing projects, conducting various due diligence tasks to enable contract execution, preparing purchase order requests and facilitating resolution of payment disputes

What you’ll bring to the role:

• Bachelor’s degree

• At least 5 years relevant experience in Technology and/or Data sourcing positions. Able to demonstrate subject matter expertise in at least one or more commodity areas:

• Experience in Technology Sourcing. Specific and demonstrated experience with Software, Cloud, Hardware and/or Infrastructure commodities. Comprehensive knowledge of license delivery models, metrics, and complex “As A Service” Agreements. Must demonstrate ability to negotiate complex technology agreements, craft and negotiate meaningful Service Level Agreements, or

• Experience in sourcing Market Data. Demonstrated knowledge of Market Data products, content, and functionality. Specific experience with Stock Exchanges and/or Market Indices a plus. Strong understanding of Market Data license models, compliance issues and intellectual property rights with the ability to partner with Business to optimize data strategies and usage across the Firm.

• Commercial negotiation and influencing skills to drive savings and deliver value to stakeholders

• Experience in contract interpretation, analysis and drafting across Master and Sub-Agreements

• Strong Sourcing skills and the ability to execute across all elements of the Source to Manage lifecycle

• Outstanding interpersonal skills, including the ability to develop and nurture both business and supplier relationships

Additionally, the successful candidate must:

• Be highly motivated, proactive, and take ownership of tasks and projects

• Have strong written and verbal communications skills

• Demonstrate proficiency in the Microsoft Office suite of products

• Have experience using procurement tools such as Ariba

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect, and cross-collaboration. Our Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents

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