Vendor Management - Associate

You are a strategic thinker passionate about driving solutions in Vendor Management. You have found the right team.

As a Vendor Management Associate in our Finance team, you will spend each day defining, refining and delivering set goals for our firm.You will be responsible for the day-to-day oversight and operational management of third party partners/vendors by closely collaborating with internal and external parties. 

Job Responsibilities:

• Partner with internal stakeholders (Tech & Digital), Sourcing, Legal, and external supplier partners to rationalize demand, strategize plans, consult tech partners, negotiate deals, and execute competitive bidding events.
• Facilitate the executive spend approval processes.
• Manage the competitive RFP process and Contract Lifecycle across the technology space in partnership with Sourcing.
• Interact regularly with partners and vendors to ensure service quality, system response, and other obligations are met, with responsibility for third-party risk oversight, including maintenance of procedures and enforcement of policies and contractual agreements.
• Manage vendor KPIs effectively, including Financial, Risk, Relationship, and Performance metrics.
• Build strong partnerships with internal partners and demonstrate subject matter expertise in supplier engagement-related matters.
• Ensure compliance with all defined policies and procedures, meeting all reporting and documentation standards.
• Enforce governance models for vendors and facilitate all relevant governance reporting and activities.
• Establish and oversee vendor financial management processes to support budget forecasting, vendor billing, and tracking of costs.
• Mediate and resolve escalated problems and contractual disputes with vendors and business stakeholders.
• Drive continuous improvement for Vendor engagement processes.

Required qualifications, capabilities, and skills:

• Demonstrate excellent relationship management, organizational and time management skills, and the ability to partner with internal stakeholders and external vendors to prioritize and deliver initiatives
• Ability to obsess about the overall customer experience and provide a world class vendor management service. 
• Exemplary negotiation skills with attention to scope, cost management and contractual language. 
• Ability to communicate and drive the strategic direction of the firm, delivering technology solutions that meet internal and external needs.
• Be a strong decision-maker and problem-solver with attention to detail and excellent logical thinking skills to understand and analyze business processes, identify risks, and propose solutions
• Be results-oriented, resourceful, and a go-getter who adapts quickly to changing environments and needs and proactively bring ideas to the table to drive efficiencies and engagement
• Promote a strong controls environment, adhere to risk/control, procedure, and process expectations, while appropriately delivering what’s best for the customer
• Be a team player with strong collaboration skills, passionate about moving the business forward and supporting our teams and partners as needed
• Minimum 10 years of work experience, primarily in Technology Sourcing, Vendor Management.
• MBA or equivalent degree
• Strong competencies in use of MS Office packages (e.g., Excel, PowerPoint)

Preferred qualifications, capabilities, and skills:

• Working with clients and Project management experience would be beneficial
• Experience with third party risk oversight (preferred)
• Strong at Multi-Tasking and time management discipline
• Strong understanding of banking and departmental procedures, functions, and activities

JPMorganChase, 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.