Job description
As a Category Manager covering technology in the Consumer and Community Banking (CCB) line of business, you will play a key role in the continued digitization of a $55 billion business that services over 66 million households and 46 million mobile active customers. You will identify best-in-class software and SaaS suppliers, source products, and negotiate pricing and terms. You will find and unlock value through optimizing commercial relationships, and protect the firm by managing third party risk.
In recent years Chase has made several acquisitions aimed at growing our Connected Commerce business. Your role may include helping to assess the portfolio of vendor relationships and contracts which these acquisitions have brought to JPMC, and developing and executing a strategy to manage risk, commercially optimize, and integrate these vendors.
Job responsibilities:
- Lead the development and execution of multi-year category and supplier spend management strategies, focusing on retail bank facing categories and products
- Conduct in-depth cost and spend analysis to develop target savings & cost reduction initiatives
- Plan and execute sourcing events: work with stakeholders to define requirements, identify qualified suppliers, execute selection processes, and negotiate contracts
- Partner and collaborate with internal business & technology stakeholders, in-house Legal, Risk and Finance teams, and your colleagues in Sourcing.
- Develop subject matter & market expertise; provide thought leadership
- Proactively engage with clients to identify and develop value added opportunities and comprehensive sourcing strategies
- Impact cost reduction and savings, supplier optimization, risk mitigation, order & payment compliance, and preferred supplier identification
- Assess risks and opportunities within JPMC's acquired vendor relationships and contracts; help the business understand them and provide recommendations
Required qualifications, capabilities, and skills:
- 7+ years of experience in managing technology categories and spend, with exceptional delivered results
- Commercial mindset and negotiation ability, especially relating to software (both on-premise and SaaS) and cloud
- Communication skills: ability to communicate effectively with stakeholders and senior management. Explain commercial and contractual concepts, and how value is being delivered
- Market Research: ability to conduct market/industry/supplier analysis and synthesize data into a consumable format
- Risk Management: knowledge of business risk factors and business savvy to minimize risk appropriately and communicate acceptance of risk factors when required.
- Sourcing Methodology: strong knowledge of the key aspects of the RFI/RFP/RFQ and five step sourcing process
- Bachelor's Degree
Preferred qualifications, capabilities, and skills:
- Financial services industry experience
- Legal acumen; strong understanding of complex master-level agreements
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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
Equal Opportunity Employer/Disability/Veterans
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