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Vendor Management-Finance

4 months ago

Tampa, United States JPMorgan Chase Full time

Job Description
The Commercial & Investment Bank (CIB) Vendor Management Team (VMO) is responsible for scoping and driving the vendor management strategy and executing vendor engagement process and controls across multiple Lines of Business and Strategic Initiatives. Our Mission includes:

  • Ensuring that CIB achieves the most optimal commercial and quality delivery from our vendors (Labor/Consultants and Software/Hardware)
  • Managing and executing vendor related processes, including evaluations, selection, contracting, approvals, on-boarding, invoicing, and related reporting.
  • Collaborating with LOB stakeholders, including Front Office business teams, Tech/Ops/Product teams, Finance & Business Management (F&BM), Sourcing, TPO/SOS (Supplier Oversite Services), Global Technology, and Vendor Management teams within other Lines of Business (Consumer & Community Bank, Asset Wealth Management, Global Technology, and other Global units)
  • Fostering efficiency and continuous process improvement across vendor management space through innovating process enhancements for onboarding new suppliers, reducing vendor fees with insightful negotiations, and effective teamwork with internal partners.
  • Maintaining a strong control posture relative to vendor exposure and risk (both contractual and operational)


Job Responsibilities:

  • Support day to day Stakeholder & Vendor relationships and Vendor Governance / Cost and Risk Controls (example: liaison with Front Office and AI Research team leaders to understand pipeline & vendor requirements, resource planning and financial impact, and provide ad-hoc analysis / reporting as requested)
  • Support contract reviews and renewals, partnering with Sourcing to ensure that all documentation is up to date and progressing through process and approvals within Ariba and/or Beeline systems.
  • Front Line leadership in ensuring Third Party Oversight (TPO) controls and policies are in place and documented in COMPASS (the TPO system of record), contracting policies are in line with JPMC Legal requirements, vendor activities are following approved cyber and data security controls, and ensuring payments are approved withing Finance policies and budgets.
  • Direct interaction with new suppliers to communicate contracting and onboarding requirements and provide information support where needed to resolve any blockers in suppliers meeting their required tasks for resource on-boarding process.
  • Execute Purchase Orders (PO) / Invoice Processing, including PO initiation and Invoice data validation, accruals data provision & estimates, and invoice tracking.
  • Support contract execution by writing up concise Executive level summaries, synthesizing information from Source Systems (COMPASS, Ariba, Beeline, etc...) and reviews with Delivery teams


Required Qualifications, Skills and Capabilities:

  • Proven successful experience in Business Management or Vendor Management within a large financial institution
  • Some experience and base level knowledge of Tech, Ops or Product organizations within Financial Services industry, working with 3rd party vendors
  • Advanced proficiency with Microsoft Office tools and some experience with Ariba and/or Beeline systems
  • Ability to demonstrate excellent stakeholder management skills and strong client management skills
  • Excellent written and verbal communication skills
  • Detail oriented, with ability to complete reporting & analytics accurately, timely, and in a presentable manner
  • Self-motivated, going beyond immediate responsibilities, with ability to work independently as well as be a team player
  • Experience working in global teams across multiple regions, enabling a 'one team' culture and a positive working environment, while respecting cultures and capabilities across all locations


About Us
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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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.
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.
JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans
About the Team
The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.
Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.