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Sourcing Vice President
Morgan Stanley
New York, NY, United States
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Sourcing Vice President - Americas
Description
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Department Profile
Reengineering & Expense Management Department (REM) works in close partnership with the businesses within Morgan Stanley and supports functions to identify and execute opportunities to manage expenses through strategic sourcing, demand management, process reengineering, procurement management and sales and use tax optimization.
Background on the Position
Morgan Stanley is seeking a Sourcing Vice President to join our Firmwide Sourcing group within the Reengineering and Expense Management Department. The role will be to lead Design & Construction Sourcing related activities for our Institutional Division, within the Americas. The ideal candidate will have a minimum of 5-7 years Sourcing experience, preferably working in a fast paced financial services environment. The individual will be responsible for partnering with internal business owners to formulate and execute strategic sourcing plans that focus on critical spend areas, while driving commercial value and cost savings. The individual must be adept at managing multiple stake holders with varying requirements while ensuring compliance to Firmwide Sourcing policies and procedures.
Responsibilities
• In conjunction with our business partners, development annual category plans that address and solution for both strategic and tactical spend areas
• Manage the RFP process in its entirety, including but not limited to: identify/vet potential new vendors, develop RFPs, level/analyze bids, conduct vendor interviews, negotiate commercials/ business terms and conditions, execute contracts and assist with vendor onboarding
• Develop sourcing strategies that focus on leveraging total vendor spend, standardization and consolidation of supply base where practical
• Serve as liaison between business partners and Legal and Compliance
• Serve as liaison between Procurement Operations and our business partners
• Provide subject matter expertise and analytics to support strategic initiatives
• Work closely with the Vendor Management group to maintain strong existing vendor relationships and develop new ones
• Actively support the internal REM processes developed as part of our Ariba Source-to-Pay solution
• Identify maverick spend opportunities and recommend solutions to drive consistency and mitigate risk
Qualifications
Experience
• Bachelor’s degree minimum, MBA preferred
• Excellent communication skills- written and oral
• Excellent interpersonal, organizational and analytic skills
• Strategic thinker but willingness to get involved at that tactical/granular level
• Strong PC skills- advanced Excel preferred