Associate, Sourcing & Procurement

Location: Bengaluru, Karnataka, India

Job Family: Sourcing

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a commitment to innovation, integrity, and client success. As an Associate in Sourcing & Procurement, you will play a pivotal role as the Contingent Workforce Procurement Manager for APAC and Sourcing Manager, based in our Bengaluru office. This position is within the Sourcing category and focuses on optimizing procurement strategies to support our dynamic operations in the Asia-Pacific region. You will drive efficient sourcing of contingent talent and services, ensuring alignment with our core values of operational excellence and risk management in the competitive financial services landscape. Your key responsibilities will include leading the end-to-end procurement lifecycle for contingent workforce needs, from supplier identification and RFP processes to contract negotiations and performance monitoring. You will collaborate closely with business leaders across investment banking, asset management, and commercial banking divisions to forecast requirements and implement cost-saving measures. In this role, you will navigate complex regulatory environments unique to financial services, such as anti-money laundering protocols and data security standards, while fostering strong vendor partnerships to enhance JP Morgan Chase's supply chain resilience in APAC markets. We seek a strategic thinker with a passion for procurement innovation, capable of leveraging data analytics to inform decisions and drive sustainable practices. This position offers exposure to high-impact projects that directly influence our global footprint, with opportunities for professional growth in a supportive, inclusive culture. Join us to contribute to JP Morgan Chase's legacy of excellence and shape the future of sourcing in financial services.

Key Responsibilities

• Lead the procurement strategy for contingent workforce across APAC, ensuring cost-effective sourcing of temporary staff, contractors, and consultants
• Manage end-to-end sourcing processes, including supplier selection, RFPs, negotiations, and contract execution in compliance with JP Morgan Chase policies
• Collaborate with internal stakeholders in finance, HR, and technology teams to align procurement needs with business objectives in the financial services sector
• Monitor supplier performance, mitigate risks, and ensure adherence to regulatory requirements such as SOX and GDPR
• Drive cost savings initiatives through vendor consolidation and strategic sourcing in APAC markets
• Develop and maintain supplier relationships to support JP Morgan's global operations and innovation in financial products
• Analyze procurement data to provide insights on spend management and market trends in the banking industry
• Implement best practices for contingent workforce management, including onboarding, compliance tracking, and offboarding
• Support diversity and inclusion goals by sourcing from diverse suppliers in the APAC region
• Contribute to the continuous improvement of procurement processes using digital tools and analytics

Required Qualifications

• Bachelor's degree in Business Administration, Supply Chain Management, Finance, or a related field
• Minimum of 5 years of experience in procurement, sourcing, or contingent workforce management within the financial services industry
• Proven track record in managing procurement processes for APAC regions, including vendor negotiations and contract management
• Strong understanding of regulatory compliance in financial services, such as AML, KYC, and data privacy standards
• Experience with procurement software and tools like SAP Ariba or Oracle Procurement Cloud
• Ability to travel within APAC as needed for vendor meetings and site visits
• Fluency in English; proficiency in Mandarin or other APAC languages is advantageous

Preferred Qualifications

• MBA or advanced degree in Supply Chain or Finance
• Certification in procurement such as CIPS or CPSM
• Prior experience working in a global financial institution like JP Morgan Chase
• Knowledge of sustainable sourcing practices and ESG compliance in financial services
• Experience managing contingent workforce programs in a high-volume, regulated environment

Required Skills

• Procurement strategy development
• Vendor negotiation and contract management
• Supply chain analytics and reporting
• Regulatory compliance in financial services
• SAP Ariba or similar procurement platforms
• Stakeholder management and cross-functional collaboration
• Risk assessment and mitigation
• Cost optimization and budgeting
• Communication and presentation skills
• Project management methodologies (e.g., Agile, PMP)
• Data analysis using Excel or Tableau
• Cultural sensitivity for APAC operations
• Problem-solving and decision-making
• Attention to detail in high-stakes environments
• Adaptability to fast-paced financial industry changes

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health, dental, and vision insurance coverage
• Retirement savings plan with generous company matching contributions
• Paid time off including vacation, sick leave, and parental leave
• Professional development programs and tuition reimbursement for relevant certifications
• Employee stock purchase plan and financial wellness resources
• On-site fitness centers and wellness programs at JP Morgan Chase campuses
• Global mobility opportunities and career advancement within the firm

JP Morgan Chase is an equal opportunity employer.